The Business Times, 18 May 2004

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Microfilm: NL25567
Total Pages: 26
1 26 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES MITA (P) 023/03/2004 I Internet: http://business-times.asial.com.sg SINGAPORE TUESDAY, MAY 18, 2004
    14 words
  • Article, Illustration
    Lock icon Rate fears, oil hikes savage Asian markets
    775 1  -  Worries about overheating China economy also take toll on bourses By Kenneth Lim [SINGAPORE] Regional bourses got a bad dose of the Monday blues yesterday, as economic data and high oil prices fuel fears of interest rate rises and cast doubt on global
    Compiled by BT  -  775 words
  • Article
    Lock icon MARKETS
    77 1 811 1,700.33 (-54.63) ST INDEX FUTURES 1,696.00 (-54.00) SIMSCI 207.08 (-6.65) SIMSCI FUTURES 206.60 (-6.00) Monday Change KLSE COMP 781.05 -1192 NIKKEI 225 10.505.U5 -***** HANG SENG 10.9C7.65 -309.21 SET INDEX 581.61 -28.11 JAKARTA (X)MP .__.668.48 -54.23 MANILA COMP 1,486.99 -34.62 TAIPEI WPI 5,482.96 -294.36 SBOl'L COMP ***** -39.48
    77 words
  • Article
    Lock icon FINANCE
    75 1 FOREX RATES US$ S$ I'SS (SS per USS) 1.719 X(l'SS/SS per 1.770 3.044 Ei;R()(USS/S$/E). 1.205 2.071 YEN 113.4 60.00 RM 3.800 2.210 HKS 7.800 4.537 BAHT 40.85 23.76 Rl PIAH 9,020 5.246 RENMINBI 8.299 4.827 INDIAN RUPEE 45.65 26,55 AS 1.4:18 0.837 NZ$ 1.648 0.959 PRIME RATES SINGAPORE 5.25
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  • Article
    Lock icon Q1 key indicators
    71 1 GDP 7.9% Inflation 1.4% Unemployment 4.9% Retrenchment 2,600 worfcsrt Net job gain 14,300 Jobs Productivity 7.8% Unit labour cost -9.1% Non-oil domestic exports 143% Official foreign reserves S$172.2 MMon Composite leading index 2243% w 1-°-* ODP 7.5 11.2 Manufacturing 12.2 17.3 Construction 0.1 18.6 Financial services 9.3
    71 words
  • Article
    Lock icon Govt raises growth forecast by 2 points to 5.5-7.5%
    687 1  -  7-5% growth in Q1 is a tad better than initial estimate By Anna Teo [SINGAPORE] Spurred by a seeming confluence of global growth positives, the Ministry of Trade and Industry yesterday brushed aside the spectre of rising oil prices and interest
    687 words
  • Article
    Lock icon Clarification
    137 1 OUR front page report yesterday, "Wee Cho Yaw: I know I am here to stay", may have given readers the impression that the UOB chairman was responding to questions on the UOL saga. We would like to clarify that no questions were raised on UOL as our queries were
    137 words
  • Article
    Lock icon Making sense of the market rout
    761 1  -  COMMENTARY By Vikram Khanna MARKETS don't usually give advance warning when they correct as sharply as they did yesterday. Nor is it easy to rationalise speculator panic. Still, some headwinds have been steadily building, and if one must find reasons to explain the region-wide
    761 words
  • Article, Illustration
    Lock icon Why markets are jittery
    125 1 OtLPRtCES Already at a record US$4l per barrel. Could rise further because of possible supply disruptions in the Middle East, limited spare supply capacity, surging summer demand in the Northern Hemisphere and low US inventories. INTEREST RATES US Federal Reserve has hinted it may start tightening
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  • NEXT page
    • Article
      Lock icon Latest terror attacks send oil prices to 21-year highs
      726 2  -  Industry officials in S'pore do not see a crisis yet, though situation is grim By Ronnie Lim [SINGAPORE] Fresh terror attacks in the Middle East yesterday sent shivers through an already-nervous oil market, and led crude oil prices to rocket to
      726 words
    • Article, Illustration
      Lock icon Great Singapore Sale targets Asia's rich
      630 2  -  S'pore Tourism Board also selling GSS to Aussies By Kalpana Rashlwala [SINGAPORE] The Singapore Tourism Board (STB) is setting its sights on higher-end tourists shopping here during this year's Great Singapore Sale (GSS) and, for the first time, the board has enlisted a string
      630 words
    • Article, Illustration
      Lock icon NWC recommends moderate wage hikes
      699 2  -  This follows a year of wage cut and one of wage restraint By Chuang Peck Ming ±jy vuuMug v\»— wimg [SINGAPORE] Reflecting the good news on the economic front, the National Wages Council yesterday proposed the first wage rise in three years. But the tone
      699 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      239 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
      239 words
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  • Page 3 Advertisements
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      313 3 The world's #1 warrants supermarket is now open in Singapore You've got the passion to trade, we've got the warrants for you Nobody gives you a fresher take on warrants than the X-markets, your access to the world's leading warrants issuer Deutsche Bank. Turn to global investment banking expertise the
      313 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon SGX floats fresh IPO requirements
      505 4  -  Move supports efforts towards full disclosure-based regulatory regime By R Sivanithy AS part of an ongoing move towards a full disclosurebased regulatory regime, the Singapore Exchange (SGX) is proposing that for one year after a company is listed, that company has to indicate prominently on
      FILE PHOTO  -  505 words
    • Article, Illustration
      Lock icon NOL doesn't see any rivals worth buying
      447 4 It may return cash to shareholders after paying off debt Bloomberg NEPTUNE Orient Lines, Singapore's No 1 shipping company, would rather buy back its own stock than acquire rivals given existing valuations, said its chief executive David Lim. "The priority is to grow
      Bloomberg; NOL  -  447 words
    • Article, Illustration
      Lock icon Jurong Engg clinches 4 contracts worth $130m
      570 5  -  Orders are worth more than half the total contracts secured in 2003 By Serena Ng JURONG Engineering Limited (JEL), whose core engineering and construction business turned in a weak performance last year, may be looking forward to brighter years ahead where these activities
      Source: Bloomberg  -  570 words
    • Article, Illustration
      Lock icon E50 graduate in joint venture with China oil firm
      377 5  -  By Chen Huifen ENTERPRISE 50 graduate Mun Siong Engineering Pte Ltd yesterday announced a joint venture with China's Daqing Oilfield Engineering Design Technology Development Company Ltd (DOD) to conquer markets outside their respective homeground. Named "Mun Siong Engineering Design Construction Pte
      CHRIS LOH  -  377 words
    • Article
      Lock icon Fund manager is big shareholder of Panpac Media
      261 5  -  By Joyce Koh PANPAC Media has a new major shareholder Legg Mason Asset Management Asia. The publishing company yesterday said Legg Mason Asia now has a 7.25 per cent stake, up from 3.47 per cent previously. It increased its shareholding through open
      261 words
    • COMPANY Briefs
      • Article
        Lock icon SembMarine unit wins US$118m deal
        56 5 Reuters SEMBCORP Marine Ltd said yesterday its PPL Shipyard unit had secured a U*****.6 million deal from a unit of Awilco AS of Norway to build a jack-up, or shallow water, rig. SembMarine, 64-per-cent owned by SembCorp Industries Ltd, said the contract includes an option
        Reuters  -  56 words
      • Article
        Lock icon YHI buys 11% Eastbourne stake
        65 5 YHI International said it has exercised an option to acquire 110,000 shares or an 11 per cent stake in Wuxi-based Eastbourne Metal Coatings from joint venture partner Chromtech Plating Co. YHI will hold a 51 per cent stake in Eastbourne after the deal and will
        65 words
      • Article
        Lock icon Auston International CEO quits
        48 5 AUSTON International said its managing director and chief executive Yeo Poh Siah will resign to pursue "personal interests". His last day will be Aug 31. Chief operating officer Jackie Tay will be responsible for overseeing the day-to-day operations until a new CEO is appointed.
        48 words
      • Article
        Lock icon PDC, units served writs of summons
        95 5 CONSTRUCTION group PDC Corp said it and its subsidiaries Hong Lai Huat Realty and Macro Machinery International have received writs of summons from Maybank for amounts totalling $1.76 million. Maybank is claiming $224,521.45 from Macro Machinery as principal debtor, and PDC Corp and Hong
        95 words
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      Lock icon Page 5 Advertisements Column 1
      177 5 A PERFECTLY PACKAGED WELCOME TO BEIJING ptNiNSUIA I gPL Jb V' /jlHl^H^Hi Mi T: > jMffJ V Igj Hi v Rates from USsl49* are Perfectly Packaged with breakfast and Mercedes-Benz airport transfers Indulge yourself in the luxury of Beijing's most centre location at the heart of Beijing and prepare to
      177 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon BROKERS' TAKE
      573 6  -  Compiled by VEN SREENIVASAN SiA Engineering Co May 17 dosing: $1.95 SIA Engineering's net profit of $139.9 million (-31.8 per cent year-on-year) was slightly ahead of our expectations of $133 million (-35.2 per cent yoy) and consensus estimates of $135.7 million. The difference was largely due to the
      Source: Bloomberg  -  573 words
    • Article, Illustration
      Lock icon SIA sell-down may be overdone, analysts think
      282 6  -  HOT STOCK WARRANT By Ven Sreenivasan SINGAPORE Airlines' shares have reacted in muted fashion to the company's better-than-expected earnings. After struggling with its first-ever quarterly loss in March-June 2003, SIA clawed its way back to post a full-year net profit of $849 million
      Source: Bloomberg  -  282 words
    • Article, Illustration
      Lock icon All news is now taken to be bad news
      548 6  -  BT comment STOCKS r. sivanithy IF the economy is growing at a good clip, if companies are delivering strong earnings and if governments and central banks everywhere are doing their utmost to maintain stability, why is it that a dismal performance
      Source: Bloomberg  -  548 words
    • Article, Illustration
      Lock icon US$ weakens after Turkey, Iraq blasts
      471 6 Reuters [CHICAGO] The US dollar weakened broadly yesterday, unravelling a weeklong rally after bomb blasts in Turkey and Iraq underscored concerns about global security. The dollar moderately extended losses as traders digested US asset-flows data that contained some dollar-negative signals, analysts said. The dollar
      Reuters; AFP  -  471 words
    • TRADES TO WATCH
      • Article
        Lock icon US fund house boosts Horizon stake
        113 6 THE Asian unit of US mutual fund company Legg Mason Asset Management has become a substantial shareholder of Horizon Education and Technologies. It bought five million shares on May 5 at 15 cents each, and another 3.15 million shares on May 6 at an
        113 words
      • Article
        Lock icon QAF ups interests in PSC to 11%
        67 6 INDONESIAN-LINKED food group QAF, which is controlled by Andree Halim, has boosted its deemed shareholding in PSC Corporation to 11.07 per cent from 10 per cent through the open-market purchase of a total of 14.13 million shares on May 12 and 13 by
        67 words
      • Article, Illustration
        Lock icon Aspial chief adds to holding
        72 6 THE managing director and chief executive of Aspial Corp, Koh Wee Seng (above), bought 100,000 shares at 33 cents each on May 13. The open-mar-ket purchase raised his direct stake in the jewellery manufacturer and retailer to 4.36 per cent from 4.27 per cent. He
        72 words
      • Article
        Lock icon New CEO of IFS buys 10,000 shares
        58 6 THE new chief executive officer of International Factors Singapore (IFS), Lee Soon Kie, yesterday bought 10,000 shares at 50.5 cents each in the open market. Mr Lee, who was appointed CEO last month, did not own any IFS shares previously. IFS shares closed
        58 words
      • Article
        Lock icon Armstrong director raises stake
        59 6  -  Compiled by SERENA NG AN executive director of Armstrong Industrial Corp, Koh Gim Hoe, yesterday bought 100,000 shares at 14-14.5 cents apiece in the open market, raising his direct holding in the foam rubber parts supplier to 300,000 shares, or a 0.06 per cent stake. Armstrong
        59 words
    • Article, Illustration
      Lock icon Untitled
      410 6 OTHER SINGAPORE INDICES May 17 VALUE CLOSE BT OB/OS -802.00 -154.00 BTCADI -*****.00 -286.00 BT 10-day MA -*****.00 -81.00 All-SG Equities 458.19 -12.94 SG Equities Elect 150.29 -6.28 SG Equities Rn 1424.35 -34.83 SG Equities Prop 380.18 -13.67 SIMSCI 207.08 -6.65 SiMSCI Futures 206.60 -6.00 Stocks Volume Wee Poh 0.5c
      410 words
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  • SMALL caps
    • Article, Illustration
      Lock icon BreadTalk investors want it to walk the talk
      900 7  -  It's still into glitzy marketing, but its outlets are quieter now, observes WONG WEI KONG WONG WEI KONG ONE weekend last month, models clad in buns and meat floss sashayed down a catwalk in a downtown shopping complex in a fashion show
      FILE PHOTO  -  900 words
    • Article
      Lock icon Small-cap portfolio ahead of market
      373 7  -  By Teh Hooi Ling OUR small capitalisation portfolio held up slightly better than the general market which was weighed down by fears of an interest rate hike, China's slowing growth, and the high price for oil. It declined by 3.9 per cent, compared with falls
      373 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      47 7 WWm* ft jj jOB I B I 9 Tg y^p| actually own a Patek Philippe. You merely look after it for the next generation. The new. larger Gondolo with the unique Patek Philippe 215 PS manual movement. Geneva Master Time, Tel: (65) 6732 1506 www.gmtsingapore.com L I
      47 words
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      Lock icon Page 7 Advertisements Column 2
      920 7 CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2003 AM ERICAN CONSOLIDATED BALANCE SHEET -W T r\ r* n n December3l.(Millions) 2003 2002 EXPRESS assets Cash and noninterest-earning deposits with banks 381 254 B. Interest-earning deposits with banks 1,122 1,454 A |XJ Federal funds sold 446 728 •i* A 'I *V
      920 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon SIA subsidiaries seen as good dividend plays
      478 8  -  SATS plans to pay out 40% of its profit as dividends, while SIAEC aims for 30% By Ven Sreenivasan SINGAPORE Airlines' subsidiaries, Singapore Airport Terminal Services (SATS) and SIA Engineering Co (SIAEC), are luring investors as dividend plays. SATS plans to pay out
      FILE PHOTO  -  478 words
    • Article
      Lock icon SIA says its load factor improved to 66.3% in April
      171 8 Bloomberg SINGAPORE Airlines Ltd, Asia's fourth-largest carrier, said it filled more space on its planes in April as traffic recovered after last year's Sars virus outbreak. The airline filled an average 66.3 per cent of its combined passenger and cargo
      Bloomberg  -  171 words
    • Article
      Lock icon Speedy-Tech Q1 earnings soar 61%
      230 8 SPEEDY-TECH Electronics' net profit leapt 61.1 per cent to $3.3 million in the first quarter, thanks to higher electronic manufacturing activities. Turnover rose 66.8 per cent to $48 million due to pick-up in printed circuit board assembly and boxbuild activities. Strong orders from new and
      230 words
    • Article
      Lock icon Here's looking at you, IPO managers
      524 8  -  HOCK lock siew r sivanithy FOR years, initial public offer (IPO) managers have had it good. Do the basic due diligence, fix a suitable price which the market will absorb, ensure some modicum of post-listing performance and walk away with a nice fee afterwards.
      524 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    4261 8 UNIT TRUSTS FUNDS ■TmTXTTTTTTSHIHH Woam Asia Vision!" 0.995/1 046 DBS Asset Mat ASN Amro Asset Mgt (Spore) ShentonUaGj StarEurooeEqtv 1 0.717/ JapanGrowth!" 0.84V0.885 1.21V MendakiCapJyM --09M Star Europe Bal 1.017/ Shenton Thrrftl" 1.93/2.015 s£as*Tt«,«,&» 0.809/ Shenton 139VV44 Star Asia Bond 1.294/ Shenton Asa Pacific! 0.745/0.775 StaAsiaBaLmxd 0.889/ Shenton Gib Opportunities/
    4,261 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      116 8 Our qualified professionals MK/a can assist you with offshore structures, shelf companies mjjjjTj and incorporations in All jurisdictions including: British Virgin Islands Cayman Islands H Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate
      116 words
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  • SINGAPORE news
    • Article
      Lock icon China won't allow bubble to develop: DPM Lee
      537 9  -  Suzhou Industrial Park seeks another 70 sq km of land for expansion From Loh Hui Yin in Suzhou CHINESE leaders are paying close attention to the over-heating economy and will certainly not allow a bubble to develop, said Dep- uty Prime Minister
      537 words
    • Article
      Lock icon When's the big date? Keep guessing
      99 9 THE guessing game continues on one of the most-talked-about dates when Deputy Prime Minister Lee Hsien Loong will take over as prime minister of Singapore. Yesterday in Suzhou, when Mr Lee was asked by the Singapore media if he was preparing the National Day
      99 words
    • SINGAPORE Roundup
      • Article
        Lock icon New Judicial Commissioner
        79 9 ANDREW Ang has been appointed a Judicial Commissioner of the Supreme Court from May 15, for one year, said the Prime Minister's Office yesterday. Mr Ang, 58, is a senior partner of the law firm Lee Lee, and head of its banking and corporate department. He has
        79 words
      • Article
        Lock icon S'pore-Aussie accounting accord
        66 9 THE accounting bodies of Singapore and Australia have signed a mutual recognition agreement (MRA) that allows appropriately qualified accountants to practise in both jurisdictions. The agreement, between the Institute of Certified Public Accountants of Singapore and CPA Australia, was signed in Melbourne last Saturday, and is the
        66 words
      • Article
        Lock icon Views on Hire Purchase Act sought
        107 9 THE Ministry of Trade and Industry (MTI) is seeking the public's feedback on the proposed amendments to the Hire Purchase Act. The Act regulates the form and contents of hire purchase agreements and spells out the rights and duties of parties to such agreements.
        107 words
      • Article
        Lock icon No change to CPF interest rate
        72 9 THE CPF Board will continue to pay interest at 2.5 per cent yearly for savings in the Ordinary Accounts from July 1 to Sept 30. The CPF interest rate is reviewed quarterly. Savings in the Medisave, special and retirement accounts will earn interest at
        72 words
      • Article
        Lock icon Launch of entrepreneur award
        70 9 THE Ernst Young Entrepreneur of the Year Singapore Awards will be launched today and will honour those with the "vision, leadership and determination to build and sustain growing dynamic businesses in Singapore". Ernst Young also launched the World Entrepreneur of the Year award which will see
        70 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      289 9 Good Times Fly Save up to Wh on ANA Economy Class when you fly UU Asia Tria ng la Mite iSi-Aiv Jk j" a, JtafiJl t niii STOPOVER SINGAPORE Enjoy a tale of two cities with ANA's Asia Triangle Route—'Yorimichi'. JiHkl |fl What s more Star Al,iance ambers will benefit
      289 words
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  • FOCUS property
    • Article, Illustration
      Lock icon Throwing light on energy management
      395 10  -  It can help building owners save as much as 30% of their annual electricity costs amid increasing fuel prices. Andrea Tan reports Andrea Tan AS oil prices soar, energy management is one way for building owners to trim their hefty electricity costs, according to Premas
      395 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      410 10 m~W* I !^M WBW I AM P IMHHfII m*m Tender Closing: 3pm, tomorrow Prime Freehold 25,693 sqft. Designated 'Good Class Bungalow' area Designed by William Lim Associates For further information and tender documents,please contact: .Jit CUSHMAN (■■/WAKEFIELD. 0535 3232 oi^«.* i.ut.soiut^r fisr j 2 Mistri Road ■MMI-MPI ffSSS ■T/77j«7T7Tj|T7T73 rlffl
      410 words
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      Lock icon Page 10 Advertisements Column 2
      304 10 125 Years n |0VIH40(HO(^ eh p, *****1 p, t 1 r ;-i rrn Rv^Kf ARLE HM in ■.ij.ifLxa.iijjj.il ii Ask us About Corporate, individual or uroup instruction. I Call Berlitz today 6733-7472 or visit www.berlitz.com jj 501 Orchard Road *05-03/04 Wheelock Place Singapore *****0 j |SWOH»j All the answers in
      304 words
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      Lock icon Page 10 Advertisements Column 3
      122 10 JOO SENG ROAD 7-etorey factory wWi warahouee, showroom and basement -J w carper* factimat located within walking distance to future Jk Upper Paya Leber MRT Circle Line Station M k a 30 years fm 1991 (option of a further 30 year*). |V e Land approx 48.2005q ft a GFAappro* 117.400aqft
      122 words
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      Lock icon Page 10 Advertisements Column 4
      158 10 FOR SALE BY TENDER p| prime SITE AT Ifjgshfj Master Plan 2003 "Commercial Residential" I Planning Report 1993 (Bukit Merah) Building Short drive to Orchard Road shopping belt CBD Near amenities and within walking distance to Well served by public transportation KIM TIAN PLAZA 38 KIM TIAN ROAD Tender Closing:
      158 words
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      Lock icon Page 10 Advertisements Column 5
      166 10 PRIME OFFICE SPACE FOR LEASE CALTEX HOUSE HDB HUB BIZ THREE Fitted unit with more than 20 Fitted office, 2,293 sqft workstations Good condition 1,700 16.770 sq ft HITACHI TOWER Singapore River view Seaview/ltft lobby frontage CINTECH 111 2.123 12,938 sq ft Fitted office for lease Fitted units ava 4,338
      166 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon April exports rise a robust 15%
      547 11  -  Growth slightly slower than March but is in line with forecasts; electronics and chemicals continue to lead the way By Chuang Peck Ming NON-OIL domestic exports rose 15.1 per cent year on year in April to $10.5 billion, easing from 17.1 per cent growth
      Source: IES  -  547 words
    • Article
      Lock icon Study finds SME bosses overly authoritative
      197 11 CHIEF executive officers of Singapore's small- and medium-enterprises (SMEs) possess good foresight, but may not be able to realise their strategies because of the authoritative leadership they practice, according to a recent study. The Singapore Institute of Management surveyed 120 respondents from a range
      197 words
    • Article, Illustration
      Lock icon S'poreans do spend but much of it goes abroad
      476 11  -  Sizzling start 2004 Q1 economic report Higher consumption recently due mostly to car buying, overseas spending By Anna Teo FORGET about trying to stoke domestic demand particularly private consumption as an alternative growth strategy. Singaporeans do spend, as much as others
      Source: MTI  -  476 words
    • Article
      Lock icon Hiring of foreigners creates spinoffs for locals: study
      430 11  -  Rise in work permit holders leads to more jobs for locals By Anna Teo FOREIGNERS contributed less than 3 per cent to Singapore's annual growth during the crisis-hit years between 1997 and 2002, down from almost 30 per cent from 1992 to
      430 words
    • Article
      Lock icon March retail sales rise
      212 11 EYE on the economy RETAIL sales at constant prices, excluding motor vehicles, rose 1.3 per cent year on year in March, according to the Department of Statistics. Total retail sales, boosted by motor vehicles, surged 24 per cent to an estimated $2.2 billion. Most retail activities
      212 words
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      165 11 *j| K> *>31 Bjjj i II -M 9 tS bus ness with P ,easure at our brand new Executive Club, with new Club Lounge featuring outdoor seating and mini-golf-putting green. Executive Package includes Accommodation in a brand new Club Room with private balcony, in-room DVD player and broadband internet access
      165 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon The mess in Iraq is the nature of war
      730 12  -  THE bottom line OPINION leon hadar IF only US Defence Secretary Donald Rumsfeld had paid more attention to the complaints about the mistreatment of detainees in Iraq... If only the the top American administrator in Iraq, Paul Bremer, had refrained from
      730 words
    • Article
      Lock icon IN OTHER WORDS
      79 12 'Hooray! Finally an Italian woman as prime minister, because in my country there's never been a female premier.' Margherita Boniver Italian Foreign Ministry Undersecretary, on the election victory of Sonia Gandhi's Congress Party in India. 'In a democracy, public opinion can be expressed through traditional media China
      79 words
    • Article
      Lock icon High hopes in Indonesia
      564 12 EDITORIAL INDONESIA'S election season will shift into high gear later this month when the country's presidential and vice-presidential candidates officially register their intentions to run for the country's top jobs. Following the successful conclusion of the parliamentary elections in April, hopes are again riding high that
      564 words
    • Article, Illustration
      Lock icon OECD optimism appears well-founded
      945 12  -  Forecast for US growth raised to 4.7%, Japan set to grow 3% but fears remain of rising inflation in China and a cataclysmic ran against US$ By Paul A Samuelson Tribune Media Services International GEOPOLITICALLY the world today is in terrible shape. Nowhere in the Middle
      Tribune Media Services International; REUTERS PHOTOS  -  945 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      181 12 CRYPTIC CROSSWORD DOWN other plant? (9-3) Dessert, 10 Preston, 11 Elan, 1 Unhesitatingly rush to give Ron ruined burial site 12 Corot, 13 Vice, 16 Tangent, attention (4) 10 17 Tallest, 18 Scaring, 21 Ex--2 Non-dnving course (4) 14 Vesse make prog amp ei 23 Moot, 24 Amber, 25 in
      181 words
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  • REGIONAL news
    • Article
      Lock icon Probe into failed Indon power project
      245 13 JAKARTA AP INDONESIAN police yesterday said they are investigating whether state oil and gas company Pertamina and its US partner marked up the value of a geothermal power project which failed during the 1997-98 Asian financial crisis. The investigation could complicate efforts by Karaha
      AP  -  245 words
    • Article, Illustration
      Lock icon Li Ka-shing to buy 17% of Golden Harvest: report
      154 13 Reuters [HONG KONG] Tycoon Li Ka-shing may buy about a 17 per cent stake in film maker and distributor Golden Harvest Entertainment (Holdings) Ltd for about HK$3O million (556.6 million), a Chinese newspaper reported yesterday. The move would make Mr Li
      Reuters; FILE PHOTO  -  154 words
    • Article
      Lock icon ExxonMobil to sell east M'sia retail arm
      181 13 KUALA LUMPUR Reuters US OIL giant ExxonMobil has offered to sell its petrol stations in Malaysia's eastern states of Sabah and Sarawak to state oil company Petronas, a local newspaper reported yesterday. Malaysian Business Times, citing industry sources, said ExxonMobil had approached Petronas
      Reuters  -  181 words
    • Article
      Lock icon M'sia open to hiring foreign talent to run GLCs: minister
      414 13 KUALA LUMPUR Govt prepared to pay competitive wages to attract the best brains THE government will offer "highly competitive wages and perks" to attract Malaysia's best brains to head and staff government-linked companies (GLCs), New Sunday Times reported. The move,
      414 words
    • Article
      Lock icon M'sia may agree on Bakun power sale next month
      238 13 KUALA LUMPUR GIIG offers to buy 60% of the power for 25 years Bloomberg MALAYSIA may agree as early as next month to a proposal from a joint venture of local tycoon Syed Mokhtar Al-Bukhary and Arab investors to buy power
      Bloomberg  -  238 words
    • NOTE Book
      • Article
        Lock icon Daim highest bidder for Indon bank
        56 13 Reuters [KUALA LUMPUR] Malaysian ex-finance minister Daim Zainuddin and his firm ICB Financial Group Holdings were named the highest bidder in the sale of 58.41 per cent of Bank Bumiputera Indonesia, ICB said yesterday. State-owned investment firm PT Danareksa, which controls Bank Bumiputera, informed
        Reuters  -  56 words
      • Article
        Lock icon Security tight at HSBC Asia HQ in HK
        68 13 AFP [HONG KONG] Security was tight around HSBC's flagship Hong Kong office, its Asian headquarters, after branches of the banking giant were bombed in Turkey, a spokeswoman said yesterday. Security guards were patrolling the futuristic tower in Hong Kong's business district following
        AFP  -  68 words
      • Article
        Lock icon Gas pipeline alert after Thai unrest
        70 13 AP IBANLrKUKj security has been tightened around the construction of a US$7OO million pipeline project that will deliver gas from Thailand to Malaysia, following a wave of unrest in Thailand's restive southern provinces, an official said yesterday. Trans Thai-Malaysia Co chief executive Permsak Shevawattananon
        AP  -  70 words
      • Article
        Lock icon China banks shift 200b yuan NPLs
        64 13 Reuters [BEIJING] Two major Chinese banks gearing up for listings are transferring nearly 200 billion yuan (5541.3 billion) worth of bad loans to debt-clearing firms to help clean up balance sheets, the China Daily said yesterday. Bank of China and China Construction Bank were
        Reuters  -  64 words
    • Article, Illustration
      Lock icon Indian stocks plunge 11% on fears about new govt
      617 14 INDIAN ELECTION FALL-OUT They were down 15% at one point as investors fear Congress-led govt will slow reforms AFP, Bloomberg, Reuters [NEW DELHI] Indian share prices yesterday closed down 11.14 per cent, or the biggest one-day point fall in its history,
      AFP,; Bloomberg,; Reuters; REUTERS  -  617 words
    • Article
      Lock icon Sonia launches programme to woo communists
      487 14  -  Aim is to restrict privatisation, provide subsidies to farmers From Ajoy Sen in New Delhi PRIME Minister-designate Sonia Gandhi is trying to win over communist allies through a common minimum programme (CMP), which will be the cornerstone of her coalition government's economic policy "with
      487 words
    • Article
      Lock icon Shanghai going underground for more building space
      273 14 SHANGHAI Plan for 4 levels of malls, parking lots: govt report AP SHANGHAI, one of the world's biggest cities, plans to build a vast underground network of malls, restaurants and parking lots to make up for a lack of space above ground, a
      AP  -  273 words
  • Article, Illustration
    Lock icon FINANCE
    1121 13 Transaction date: May 17 ENTER B AWE CftDSS RATES r%&gg 4 1 C$ Bmfc Euro HK$ ted Bs Rapiati Yen Won BM WZ$ Pafc Its Peso S$ Kind Sir UTS Bafct Hm* US$ Australia 0.959 5.770 0.577 5.423 31.740 62.7% 0.789 8.229 2.642 1.146 40.126 38.888 1.195 4.667 0.885
    1,121 words
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      817 13 I I ASTI HOLDINGS LIMITED NOTICE EXPIRY OF WARRANTS To ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR SHARES IN ASTI HOLDINGS LIMITED (THE "COMPANY" OR "ASTI") EXPIRING ON 21 JUNE 2004 AT 5.00 P.M. THIS IS AN IMPORTANT NOTICE WHICH REQUIRES YOUR IMMEDIATE ATTENTION. HOLDERS OF WARRANTS ("WARRANTHOLDERS") WHO ARE
      817 words
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      2105 14 289 8822/Kmaihnoticcsggphxoin^» IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF THEIN INVESTMENT PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Members of
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  • REGIONAL news
    • Article, Illustration
      Lock icon Hyundai Motor CEO faces indictment: prosecutors
      391 15 SEOUL Kim Dong Jin will be charged with flouting campaign finance laws Reuters SOUTH Korean prosecutors are set to indict the chief executive of the country's top car maker, Hyundai Motor Co, for political funding violations and negligence, a prosecution official said yesterday. Hyundai
      Reuters; AFP  -  391 words
    • Article
      Lock icon Mitsubishi Motors in talks to raise 450b yen
      347 15 TOKYO It may also cut 9,000 jobs as part of revamp: report Reuters MITSUBISHI Motors Corp (MMC) is in final talks to get 450 billion yen (Ss6.B billion) in aid from the Mitsubishi group to repair its business and it may close
      Reuters  -  347 words
    • Article
      Lock icon Lucent shares slip on report of fraud charges
      263 15 LONDON Bloomberg SHARES of Lucent Technologies Inc, the largest US phone-equipment maker, fell 4 per cent in Germany after the Wall Street Journal reported the US Securities and Exchange Commission (SEC) will file civil fraud charges against the company and may fine
      Bloomberg  -  263 words
    • WORLD Watch
      • Article
        Lock icon Tennessee move to stop outsourcing
        112 15 AP [NASHVILLE, Tennessee] Governor Phil Bredesen has signed a law that may have made Tennessee the first state to give businesses an incentive for not outsourcing data entry and call centre work to cheaper offshore locales. The new law asks state procurement officials to give
        AP  -  112 words
      • Article
        Lock icon Boston Scientific tops Barron's list
        79 15 Reuters [NEW YORK] Boston Scientific Corp earned the top spot in this year's Barron's 500 rankings, an annual list compiled by the financial weekly to measure how well the 500 biggest US and Canadian companies have performed for investors. Countrywide Financial Corp, L-3 Communications Holdings,
        Reuters  -  79 words
      • Article
        Lock icon Armani hotel likely in Sydney too
        89 15 Bloomberg [DEAD SEA, Jordan] Giorgio Armani, the Italian fashion designer's company, and joint venture partner Emaar Properties may include Sydney on its list of locations in a US$l billion project to open 10 luxury hotels around the world. Armani and Emaar agreed in February
        Bloomberg  -  89 words
      • Article
        Lock icon Korea's Kookmin to sell 9% stake
        88 15 Bloomberg [SEOUL] Kookmin Bank chief executive Kim Jung Tae plans to sell a 9 per cent stake in South Korea's largest lender to overseas investors, as it prepares for increased competition from Citigroup's expansion in the nation. "Citigroup's entrance is motivating us to analyse
        Bloomberg  -  88 words
      • Article
        Lock icon Europe CEOs lose jobs at record pace
        76 15 Bloomberg [LONDON] European companies replaced chief executive officers at a record rate in 2003 as boards and investors sought to boost performance, according to Booz Allen Hamilton. One in 22 CEOs lost their jobs involuntarily last year, Booz Allen reported in its annual
        Bloomberg  -  76 words
      • Article
        Lock icon Fewer Japanese millionaires
        90 15 AFP [TOKYO] The list of Japanese millionaires got shorter in the past year to March, when the domestic economy was staggering initially before making a firm recovery, data showed yesterday. The National Tax Agency said 73,959 people paid more than 10 million yen (S$151,000) in personal income
        AFP  -  90 words
    • Article, Illustration
      Lock icon Buck in seasonal investing trend seen this year
      430 17 NEW YORK Economic and profit growth should keep investors from 'selling in May' Reuters "SELL in May and go away" is a stock market mantra, but investors who followed that rule in 2003 missed most of the year's gains and some are
      Reuters; AP  -  430 words
    • Article
      Lock icon Goldman and ÜBS took biggest market risk in Q1
      415 17 NEW YORK Top US brokers had their best quarter as they earned more from trading Bloomberg GOLDMAN Sachs Group and ÜBS AG took the biggest bets in the securities markets in the first quarter this year, as falling interest rates and
      Bloomberg  -  415 words
  • Article
    Lock icon COMMODITIES
    1621 15 SICOM rUTUHES May 17 RUBBER Futures (Ctosinq prices) RSS1 (S cents/kg) Ck*e Volume Open Month High Low Sett (tonnes) Interest JIM 04 236.50 Jul 04 233.50 Aug 04 234.00 Sep 04 233.00 Oct/Dec 04 233.00 Jan/Mar 05 234.75 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes)
    1,621 words
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  • Article
    Lock icon STOCKS ASIA
    4639 16 Transaction date: May 17 HONG KONG Vol HK Exchanges 4 Clearing..14 65 -0.90 5973 HKS '000 HKRInt'l 1.95 -0.10 2581 Hong Kong Electric 30.60 -1.40 4879 Aeon Credit .4.60 -0.20 18 Hongkong Chinese 0.88 -0.04 920 Aeon Stores 4.85 -0.25 42 Hongkong Chinese Ltd 0.88 -0.04 920 Alpha
    4,639 words
  • Article
    Lock icon KLSE
    2390 16 Transaction date: May 17 KUALA LUMPUR GeneralSoil 1.26 unch .0 y 0 j Genting 14.70 -0.10 1344 RM C000) George Kent 0.80 -0.01 126 GlobetronicsTech 0.54 -0.01 2037 ASM Realty 1.40 -0.13 22 GlomacBhd 2.64 -0.12 16 Abric 0.59 -0 01 155 Gold Bridge Engrg 0.41 -0.04 474 ACP
    2,390 words
  • Article
    Lock icon SGX
    846 16 Transaction date: May 17 w a— O—a aodi-. m Ooaa Changt AHgr»«n 50c 0 30 0.915 -0.045 NCX 1.62 1.950 -0.110 Bit Intl US20c 0.38 0.700 -0.010 OCBC 9.36 11.700 -0.300 CaprtaLand 0.94 1200 -0.080 Parkway H 25c 0.58 1.070 Chart SamlCond 26c 101 1.350 -0.030 Peopta's Food MKSOc
    846 words
  • Article
    Lock icon BONDS & WARRANTS
    833 16 BONDS WARRANTS I'd Last Vol Con* Exar Disc Gear C»«p—y Sah -w- r«00> IWIo Prtca kt§ Left 3779 ASL Marine HldgsW*****1 13 -13 30 1 53 45 3.50 47 3698 ASTIW*****1 32 -3 2 1 16 -4 1.56 1 3697 AcmaLtdW*****6 AS 1 50 742 12.00 6 3602 Amtek W*****0
    833 words
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      33 16 4 r n I Tiii-Busim-ssTimks mmMmmM I The pages also cover transactions by directors and substantial shareholders. 1 W liB U lot S nlL I 1 In other words, news you can use.
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  • Article
    Lock icon SGX MAINBOARD
    6883 17 Transaction date: May 17 52-Wk T4 Last Vol Day La«t Quota GrfNv Wv GfYW Net MCap low Coda Company Sate +f- C080) Ht0i low ■»ym Cw HI in* 57J 32.9 5834 A-Sonic5c 35 -2 222 35.5 35 35 36.5 5 N9.7 0.7 12.4 118.5 8 5300 ABNAmroNLG S6c
    6,883 words
  • Article
    Lock icon SGX XTRANET
    72 17 S2-Wk Td Lact Vd Day Lad Quota Grttv Dtv GfYW Nat MCap HM> U» Co4a Cowpmy Sate W- COMB W» too »nyr Mar Cw W W 2060 2000 6065 Diamonds US2060 2120 9900 6095 IS DJ US Tech US3740 6097 ISMSdSpore US555 6101 ISS4PS00 US8270 ***** 9650 6170
    72 words
  • Article
    Lock icon SGX SESDAQ
    2037 17 52-Wk Td Last Vol Day Lact Quote GrtMv Hv GrVM Not MCap —I Law Codo Cl—H Solo W- COM) MWi Low »n»or SoBor Cw Pit Swfc 26 10 5000 ABR Hldgs 5c 14 12 16 27 42 15 2101 APOilSc-. 29.5 -0.5 23 29.5 27 28.5 29 5
    2,037 words
  • Article
    Lock icon CLOB INTERNATIONAL
    347 17 52-Wk Tel Last Vol Day Last Quote GrOlv Dlv GrYM Net MCap Wall Low Code Company Sale W- rOOO) High Low fciyr Sdtor Cw WE $mll 228 118 6000 AVJennings A25c A208 -1 44 211 208 208 209 40 8.8 4.8 7.9 4477 6001 Cathay Pac 20c HK720
    347 words
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      289 18 i j The World's rj/n spire the world with your success. Business Award You have imagined. You have created. You have pushed boundaries. You have made your mark. Now, you want to go further. jsflb 1 335? Wf sMv ,<m IHwS yi r r I V < af- w -$ft
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  • SHIPPING TIMES
    • Article
      Lock icon TANKER MARKET
      304 19 Bloomberg [LONDON] Persian Gulf oil tanker rates for shipping crude to Asian refiners, little changed yesterday, may rise as oil companies and traders book vessels for the middle of June amid limited supplies. "The market tends to be slow yesterday as brokers compile their position lists," said Mathieu
      Bloomberg  -  304 words
    • Article
      Lock icon TRANSPORT STOCKS
      284 19 SGX '000 May 17 SS W- Vol CH Offshore 035 -0.02 3246 Chuan Hup 0.48 -0.01 1540 Cosco Investment .0.73 -0.03 8513 CWT" Distribution 0.50 unch 0 EzraHldgs .0.88 -0.05 382 Freight Onks 0.10 -0.01 558 GB Holdings 0.73 -0.01 40 Java Holdings 0.74 -0.06 7387 K1 Venture-
      284 words
    • Article, Illustration
      Lock icon Overcapacity may revisit in end-2006: analysts
      623 19  -  But they say fleet expansion necessary to meet current demand Reports by Donald Urquhart [SINGAPORE] A global capacity crunch in container shipping is not likely to ease until mid-2006, but by the end of that year the industry could find itself once again facing
      623 words
    • Article
      Lock icon Light-asset strategy benefits APL
      326 19 [SINGAPORE] Low newbuilding prices and surging container demand from last year may have led to a record two million TEUs of box ship orders in 2003, but for Neptune Orient Lines' container division APL, a light asset strategy is the way forward. APL estimates a 15
      326 words
    • Article
      Lock icon Malaysian Lumut Port's Q1 volumes swell 58%
      346 19 Growth beyond expectations, says official Bernama [KUALA LUMPUR] Cargo throughput at Malaysia's Lumut Port rose significantly by 58 per cent in the first quarter of 2004 compared to the same period in the preceding year. Lumut Port operations manager M Ramachandran said the
      Bernama  -  346 words
    • Article
      Lock icon PPL wins US$118m jack-up rig job
      187 19  -  George Joseph [SINGAPORE] SembCorp Marine subsidiary PPL Shipyard has clinched a U*****.6 million contract for the building of a Baker Pacific Class 375 jack-up rig for Norwegian company Mosbarron Ltd. The contract includes an option for another three jack-up units. Work on the new
      187 words
    • Article
      Lock icon ThyssenKrupp, OEP to merge shipbuilding units
      187 19 AFP [DUESSELDORF] German heavy industry giant ThyssenKrupp said yesterday it has agreed to merge its shipbuilding business with Howaldtswerke DeutscheWerft (HDW), currently owned by US investment fund One Equity Partners (OEP). "ThyssenKrupp and OEP have signed a nonbinding declaration of intent to merge ThyssenKrupp
      AFP  -  187 words
    • AVIATION news
      • Article, Illustration
        Lock icon On-demand model best runway to future
        1037 20  -  Eric Conrad charts some routes for the airline industry to survive and grow Eric Conrad TODAY, the airline industry faces unprecedented challenges. A combination of factors a fall in passenger numbers, growing concerns about air travel safety, deregulation and increasing low-cost competition is forcing
        FILE PHOTO  -  1,037 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      104 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 Foong Sun 5 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 IRISL 5 Kyowa 5
      104 words
    • Article
      Lock icon SHIPPING GUIDE
      6997 24 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SMtatfa ..Name Number Numoer SIN Dest;n Name Name Number Nuroe27/05 09/06 HamburgSud UNI PROSPER 030W 65-*****133 TO ABIDJAN (ABJ) 2003 Cota D'lvoir* 01/06 16/06 Delmas PACIFIC TRADER 402W 65-*****344 01/06 26/06 Delmas DELMAS FORBIN
      6,997 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        521 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CECM FLOWER 014N J7 A/SIDE 18/05 1200 EVERISEGLORY 92 J10/11 A/SIDE 18/05 2200 FRATERNITY W 007 J10 A/SIDE 18/05 0500 MARCOPOLO 48 02/04J J13 A/SIDE 18/05 1700 NICO 3 1705 J3 A/SIDE 18/05 0630 THAITHAKSINA 012N J25 A/SIDE 18/05
        521 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1589 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS Q92S 092S 1 18/05/2004-07:00 18/05/2004-18:00 T01 ACX MAGNOLIA 077N 077N 1 18/05/2004-08:00 18/05/2004-19:00 T01 AKSOYTRUVA 0413 0412 1 18/05/2004-20:00 19/05/2004-03:00 B07 ALAMJAYA 2 8896N 8896N 1 21/05/2004-23:00 22/05/2004-07:00
        1,589 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        143 25 May 20 Belgium: Ascension Day. France: Ascension Day. Germany: Ascension Day. Indonesia: Ascension Day. Netherlands: Ascension Day. Norway: Ascension Day. Sweden: Ascension Day. Switzerland: Ascension Day. May 24 Canada: Victoria Day. May 26 HK: Budha's Birthdy. S.Korea: Budha's Birthdyh. May 30 Germany: Whit Sun. Netherlands: Whit Sun. Norway:
        143 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        791 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
        791 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        495 25 180 Max 989.6 0.6 14.5 0.06 38 0.04 ««i> VZ' aS 0° a! 0.0! a 0.0° 380 MM 993.2 0.T 17.8 0.07 68 0.04 u/u'3 %v/v hm/m m/m ft* m th0<l No above G35 2 0 0 2 9 Kn/rim*-1 .mjtc 991 10 is!o o!io 80
        495 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon BA's operating profit jumps 37% to £405m
        413 26 Revenues expected to improve by 2-3% this year Reuters [LONDON] British Airways pic posted a better-than-expected annual operating profit yesterday thanks to deep cost cuts and a pick-up in travel demand and said revenues should improve by 2 to 3 per cent this
        Reuters; BLOOMBERG FILE PHOTO  -  413 words
      • LOG Book
        • Article
          Lock icon HK air cargo throughput up 22.5%
          125 26 Reuters [HONG KONG] China's growing economy and strong US consumption helped Hong Kong's air cargo throughput grow 22.5 per cent in the year through April, the local Airport Authority said on Sunday. Cargo throughput at Hong Kong's airport stood at 249,000 tonnes last month,
          Reuters  -  125 words
        • Article
          Lock icon PAL net loss put at 500m pesos
          210 26 Reuters [MANILA] Flag-carrier Philippine Airlines Inc (PAL) ended its fiscal year in March with a net loss of at least 500 million pesos (5515.4 million) due to high fuel costs and the Sars virus, newspapers here reported yesterday. Ticket sales slowed sharply after
          Reuters  -  210 words
      • Article
        Lock icon Air China IPO expected by year-end
        270 26 AFP [SHANGHAI] State-owned flagship carrier Air China is expected to launch a longawaited initial public offering (IPO) by the end of this year, state press reported yesterday. "The company is to be listed in Hong Kong at around the end of this year, but
        AFP  -  270 words
      • Article
        Lock icon Air Canada and unions miss pact deadline
        548 26 Six unions agree to cost-cuts; talks go on with others Bloomberg [CALGARY] Air Canada failed to reach agreement with all its unions on additional cost cuts, missing a deadline imposed by Deutsche Bank AG as condition for financing aimed at lifting the airline
        Bloomberg  -  548 words
      • Article, Illustration
        Lock icon Australia's Virgin Blue posts 47% surge in profits
        529 26 Budget airline says it's focused on farther cost cuts AFP [SYDNEY] Australian budget airline Virgin Blue yesterday posted a 47 per cent rise in full year profits as the newcomer continued to make inroads into the domestic market controlled by flag carrier
        AFP  -  529 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2099 26 cm FLIGHT ETA FLIGHT 00 EKJ48 1650 ***** 2325 AtaWto 1*7312 2215 EK430 2005 0F82 2215 Frnktart AC9951 0610 LM9T65 1345 LH9770 2300 LH9T62 0630 ***** 1345 S0229 2300 $025 0630 BA7305 2255 MulliiW S023 0605 CMT4 000 LH77« 1555 LI4381 2255 KL837 1450 KLB38 2255
        2,099 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      31 19 BA's operating profit jumps 37% to £405 m 1111 l y BR.rr igu BACKPAGE THEBuHNffisTwe TO ADVERTISE, CALL JOE WONG AT 6319 2062 OR BERNARD ONG AT 6319 1645 SHIPPING TIMES
      31 words
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      633 20 IMPORT ~l i NORTH AMERICA I 11 AUSTRALIA/NEW ZEALAND I {AUSTRALIA ASIA EXPRESS (AAX) «ku TO 55 "SHS 1 TO I m I sro I wi I 1M I ni I sat I nc PtONEDUOYD KOWIOON 17W1I OS/OS U/OS o»H «/.i 11/Oi 0«1 WOl" "mT OOCIHAMIURG 02W19 12/05 30/05 01/06
      633 words
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      Lock icon Page 20 Advertisements Column 2
      521 20 Lin« services represented by Members of the Registry of femssl'j'/ Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association ULY UNE MALE /vessel voy ha ha ha P. KLANG SPORE MALE Maid Star 548 15/05 19/05 28/05 Kota Teraju TRJOBI 27/05 07/06 Princess 0404 06/06 08/06 15/06
      521 words
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      Lock icon Page 21 Advertisements Column 1
      671 21 MOt Combines Ci a range of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also accept btra-Asia Cargoes to: BBSI For Schedules, BL Searches, and Container Tracking, visit on our Home Page: www.molsirvcon%s<^_^ mmihb TO ADVERTISE, CALL JOE WONG AT
      671 words
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      Lock icon Page 21 Advertisements Column 2
      1393 21 GENERAL AGENTS IN SINGAPORE: 16 RAFFLES QUAY #36-01 SALES/BKGS TEL. 64X*****43 FAX: 6238 5321/24 COSTAR SHIPPING PTE LTD MwifncmnK Kg" ggg2 ppwn 117B7Ronnnnu SINGAPORE *****1 INWARD (D/O 6420 5786 *****319/49 CR NO. 1 *****0000 M TEL 6226 1 TOO (MAIN) T/SHIPDEP 6420 5825 *****316/46 JOHOR'S OFFICE: CONVENTIONAL *****850 *****208 COSTAR
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      692 22 K>l nci MAC ENOUIRIES/BOOKINOS: *****344 FAX: *****433 e-MAIL: d«Hnaa*<MmM.eom.«g |£2| wJE IHIVIMW DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 BMM GMRtttl UMS Mi CONTAINS! SERVICE TO WOT AfXKA *to EIDOPt [VRSB VOY SINGAPORE PORT KILAWG LE HAVRE DAKAR lANJUL NOUAKCHOTT CONAKRY Hyundai gS 3fl«W 24/05 25/05 09/04 21/06 28/04 01/07 55 Hyundai HUhnts
      692 words
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      Lock icon Page 22 Advertisements Column 2
      526 22 WX WAN HAI LINES Y Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: EUROPE ROTTERDAM HAMBURG ANTWERP m CALLING SIN EVERY Saturday For more details, I call HOTLINE: 6226 1588/ 1800-*****00 —y NOffTRANS SHIPPING AGENCIES A/( )kTRANS 29 Int'l Business Park #05-05 Acer Bldg Tower B S-*****3
      526 words
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      Lock icon Page 22 Advertisements Column 3
      695 22 BSAl! MYANMA on FIVE STAR LINE (Myonmar Notional Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 328W SUI HPA-AN 320W SID SID IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL: 03-*****300 PKI: 03-317*6101 PEN: 04-*****02 ACCEPTINB CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKI KUC SUNNYHEART 54 SU) SU)
      695 words
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      Lock icon Page 23 Advertisements Column 1
      1486 23 VESSEL VOY SIN PKL PXB BAB DMM UK CHABAHAR IKHORRAMSHAHR] IRAN TEHRAN PCL36B 16/05 SKIP 25/05 26/05 03/05 05/05 07/05 09/05 IRAN SATTARI PCLBO3I 21/05 22/05 30/05 31/05 08/06 10/06 12/06 14/06 IRANSHAHRYAR PCLBO33 29/05 30/05 07/06 08/06 15/06 17/06 19/06 21/06 IRAN ISFAHAN PCL37I 06/06 07/06 15/06 16/06 23/06
      1,486 words
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      Lock icon Page 23 Advertisements Column 2
      450 23 UK CONTINENT SERVICE Loading for ATERMON RTM/ATW/BMNAJK/NAN KEELUNG RTM/ATW/BMNAJK/NAN Loads Singapore, E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for J FRIEND HDD/JDH/AQA J SAFE DBI/ABU/DOH/BRN/DMM/KWT PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for SPLIT CAM/NOL7NFK/SAV/TPC FALCON TRAVELLER VCW/LAX/MZL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading
      450 words
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      Lock icon Page 23 Advertisements Column 3
      657 23 ¥91 SIH PQU YKStt m SIM JKT PAC D mOM 12/05 17/05 ALAMJAYA? 55 16/05 19/05 JACRAMDA I2JLLN IMS 18/05 PACIIHTAN 2248 20/05 J3M MC lANOA 1212N 19/05 20/05 AIAMIAYA i U97 93/0 i 7i /OS W PAWPA um nm 21/05 MATARAMEXP 3004 25/05 27/05 PKIAHPA ni4H 22/05 23/05 PAC
      657 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      144 25 g I j |W >v>^ y^ I A i Spw 'rTfflLmii f Aba Jfr£m^S&f 1 1 3B I I SStL*I I SBSSk /\fl T I ww* jr I i J]^ K Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers C Fu circle w/o line > nclicates calm
      144 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      110 26 k From 3 rd June 2004, Austrian Airlines Croup will expand its long- haul services into Singapore and Melbourne. The thrice weekly services will operate from VIENNA/SINGAPORE/MELBOURNE using our W Boe n 9 8777-200 aircraft rj( > T EFFECTIVE 3 d JUNE 2004 www.austrianairlines.com 'lit' Destination Flight No Days Of
      110 words