The Business Times, 2 June 2004

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Inter::°t ht *■>*', jusiness-times.asial .com.sg SINGAPORE WEDNESDAY, JUNE 2, 2004
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  • 664 1  -  BT exclusive Slip-up allows scrutiny by shareholders of all meetings of directors, management By Slow Li Sen [SINGAPORE] A glitch in legal drafting has slipped through into the recent amendment to the Companies Act a slip-up that technically threatens to expose sensitive
    664 words
  • 845 1  -  Asean fears growth will slow to 5% from 6-6-5% forecast From Anthony Rowley in Tokyo OIL prices leapt to a record US$42 a barrel in New York yesterday after soaring in Asia and Europe in the wake of Saturday's terrorist
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  • 560 1  -  US$2.5b net sales match volume in previous 3 months By Chuang Peck Ming [SINGAPORE] Singapore investors continued to head for the exit on Wall Street in January to March, driven by fears of an early hike in US interest rates
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  • 77 1 ST! 1,791.97 (+3.31) ST INDEX FUTURES 1,788.00 (-6.00) SIMSCI 217.93 (-0.16) SIMSCI FUTURES 218.30 (+0.10) Tuesday Change KLSECOMP ***** +1.60 NIKKEI 225 11.296.76 +#1.39 HANG SENG 12,105.55 -92.69 SET INDEX 635.01 -6.04 JAKARTA COMP 731.20 -1.31 MANILA COMP 1.518.55 +7.19 TAIPEI WPI 5,986.20 +8.36 SEOUL COMP 815.77 +11 n
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  • 73 1 FOREX RATES US$ S$ I'SS (SS per US$) 1.701 £(l"SS/SS per 1.836 3.123 El.'RO(lSS/SS/E). 1.223 2.080 YEN 109.4 64.30 RM 3.800 2.234 HKS 7.795 4.584 BAHT 40.62 23.88 RIP1AH 9,357 5,502 RENMINBI 8.277 4.867 INDIAN RUPEE 45.46 26.73 AS 1.398.... 0.822 NZS 1.577 0.927 PRIME RATES SINGAPORE 555 MALAYSIA
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  • NEXT page
    • 377 2  -  Air cargo venture plans to set up operations at KLIA and Senai initially From Eddie Toh in Kuala Lumpur A NEW air freight unit of Lufthansa Cargo will join forces with Malaysian nofrills carrier Air Asia to set up operations at Kuala Lumpur
      377 words
    • 248 2 A noted art teacher, he was a prominent figure in the local arts scene [SINGAPORE] Painter Liu Kang, a pillar of §ingaporean art with an impressive body of work spanning 70 years, died yesterday of kidney failure, aged 95. Mr Liu played
      248 words
    • 498 2 LATEST US DATA April construction spending hits a record high [WASHINGTON] New reports on US manufacturing and construction spending yesterday reinforced expectations the Federal Reserve would start hiking interest rates later this month. Signs of employment strength in an otherwise mixed
      498 words
    • 612 2  -  China's growth is moderating only slowly, says report By Chuang Peck Ming [SINGAPORE] Fears that a hard landing in China will upset current Asian economic recovery seems overblown, says Citigroup in its latest Asia Economic Outlook report. But
      612 words
    • 134 2 IN our May 28 report, "Increased attention can sometimes backfire too", we quoted Asiatravel.com's chief financial officer as saying there was no contact between Kim Eng Research and her company before Kim Eng's first research report was released. Asiatravel has clarified that Kim Eng did attempt to
      134 words
  • Page 2 Advertisements
    • 57 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:+6s 6535 3382 F:+6s 6535 3991 E singapore©ocra.com.sg 24
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  • Page 3 Advertisements
    • 94 3 EXPECT MORE PRIVILEGES, VARIETY, AND ACCLAIMED RESTAURANTS WITH SINGAPORE'S HOTTEST DINING PARTNER. jjL_ Jn J J PRESENTING UOB DINING PRIVILEGES 2004 /£/«11 41 I any feast Wlth Singapore's hottest dining partner, you'll find yourself eating so much better. Our refreshed w y menu of privileges now features even more delectable
      94 words

  • SINGAPORE companies
    • 459 4  -  Initial one-third joint stake in Idea Cellular will be raised to 49%, says CEO of Indian telco From Ajoy Sen mn New Delhi SINGAPORE Technologies Telemedia STT) Pte Ltd and Kuala Lumpur»ased Telekom Malaysia Bhd will sew the deal
      459 words
    • 690 4  -  SPOTLIGHT ON ACCOUNTING Net asset will be reduced to $89m from $102m in last audited accounts By Angela Tan incorrect accounting reatment made in the 997/1998 accounts has reulted in an overstatement >f $13.35 million in Jurong Cement's share premium in issociated companies. Calling it
      690 words
    • 721 4  -  HOCK lock siew r sivanithy HOW much does 2004 resemble 1994? On the face of it, very much: the US economy is expanding but markets are stalled because of interest rate fears; the bond market has come under pressure because of inflation
      721 words
    • 360 4 Main objective of the sale is to farther develop the Asian bond market Bloomberg THE Asian Development Bank raised US$246 million selling Singapore dollar-de-nominated bonds for the first time and debt denominated in Hong Kong's currency. The Manila-based lender sold Ss2oo million of
      Bloomberg  -  360 words
    • 600 4  -  By Kenneth Lim RAPID Ratings, a purely quantitative corporate credit rating service that deemed Enron and Parmalat financially risky years before their accounting scandals came to light, could soon be offered through the Securities Investors Association of Singapore (Sias). Touted
      BLOOMBERG PHOTO  -  600 words
    • COMPANYBriefs
      • 42 4 Reuters [NEW YORK] Global Crossing yesterday said it had received US$4O million of a US$lOO million loan from its majority investor Singapore Technologies Telemedia. It said it would receive the remaining payments in two instalments this year.—Reuters
        Reuters  -  42 words
      • 51 4 EU Yan Sang yesterday said it has restructured its Australian subsidiaries Eu Yan Sang Australia (EYSA) and Your Health Group (YHG) such that EYSA is now a 100 per cent owned subsidiary of the company and YHG is now 64 per cent owned by
        51 words
      • 83 4 THE Singapore Exchange yesterday said the MSCI Singapore Stock Index futures contract broke its record in open interest, daily, monthly and average monthly volumes in May 2004. Daily volume rose to a new record of 33,181 contracts on May 25, from a previous record 0f29,862
        83 words
    • 508 6  -  Bank will evaluate all options and report to property company's panel By Kenneth Lim UNITED Overseas Land has i f] appointed ING Bank to evalin six weeks how to unjL lock value for the property Bideveloper's shareholders. UOL, the target
      FILE PHOTO  -  508 words
    • 666 6  -  Counter suffers from low liquidity, depressed price By Joyce Koh LOW liquidity and a depressed share price have made Transpac Industrial Holdings the subject of a takeover bid little more than 10 years after it listed amid great fanfare and interest in
      Source: Bloomberg  -  666 words
    • 1068 6  -  CORPORATE analysis They defy conventional assessments but their potential is too great to ignore. Serena Ng reports on the problems faced Serena Ng THEY can be mired in losses for over a decade, generate negligible revenue for years, and yet hold
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  • Page 5 Advertisements
    • 1073 5 f w Only UOB Cards Serve Up Privileges This Delectable 21 Sizzling Deals to Devour Right Now! From now till 30 June, mention "UOB Dining Specials' before ordering to enjoy these special offers. 1 FOR 1 PRIVILEGES Pontini: 1 for 1 main course Not valid tor seafood per visit: Singapo
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  • Article, Illustration
    1091 6 Transaction date.Jun 1 HfTERBAMK CROSS RATES A$ C$ Bint Euro HK$ Ind Bs »upiak Y- Won Wl Pith Pim SS Rand Sfr NTS Baht Pound USS Australia 0.975 5.921 0.585 5.577 32.522 66.944 0.783 8.303 2.719 U28 ***** 39.805 1.217 4.646 0.894 23.927 29.060 0290 0.715 Canada 1.026 6.075
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  • SINGAPORE markets
    • 688 7  -  Compiled by KENNETH LIM Neptune Orient Lines June 1 dose: $2.13 WE recently upgraded our recommendation on NOL to a STRONG BUY. NOL is just too undervalued, too robust in its cash flows and "the street" is too pessimistic about this well-run company. This isn't the NOL you
      688 words
    • 446 7  -  CHART POINT By Lim Say Boon, K Ajith THE treachery of the market in recent weeks has been its delivery of the financial equivalent of "death by a thousand cuts". That is, it would have been more merciful had the market come
      Source: Bloomberg  -  446 words
    • 590 7  -  BT comment STOCKS r. sivanithy ELL in May S and go away" 1 is looking like a particularly I apt stock marW ket expression. Yesterday's session, for instance, utterly forgettable and adding nothing to the lives of participants, proved once again that left
      FILE PHOTO  -  590 words
    • 446 7 AFP [TOKYO] The US dollar held firm against the yen in Asian trade yesterday two days ahead of an Organisation of Petroleum Exporting Countries (Opec) meeting at which an anticipated boost in oil output is expected to ease downward pressure on
      AFP  -  446 words
    • TRADES TO WATCH
      • 65 7 THE president and CEO of Meiban Group, Goh Tiong Yong, yesterday acquired 1.2 million shares in the plastics specialist at 69.5 cents apiece. The open-market purchase of a 0.58 per cent stake raised his direct holding to 6.56 per cent. Mr Goh also has a
        65 words
      • 76 7 THE executive chairman of GKE International, Neo Kok Ching, bought a total of 100,000 shares in the metal logistics group on May 28 and 31 at prices ranging from 14 cents to 15.5 cents a share. The open-market purchases boosted his direct holding to
        76 words
      • 46 7 AN executive director of YHI International, Tay Tiang Guan, bought 50,000 shares in the tyre maker at $1.05 apiece on May 25. The open-market purchase raised Mr Tay's direct holding to 100,000 shares. YHI shares closed one cent lower at $1.04 yesterday.
        46 words
      • 53 7 THE deemed stakes of Interra Resources' substantial shareholders Marcel Tjia and Agus Anwar were reduced to 6.68 per cent from 8.57 per cent by open-market sales of 18.2 million shares on May 28. The transaction price wasn't disclosed. Interra shares gained a cent yesterday to close
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      • 75 7  -  Compiled by SERENA NG AN executive director of Popular Holdings, Hee Joh Liang, bought 20,000 shares in the book retailer and publishing group on Feb 27 at 46.5 cents apiece. The open-market purchase, which was filed to the company on May 28, gave Mr Hee
        75 words
    • Article, Illustration
      412 7 OTHER SINGAPORE INDICES Jun 1 VALUE CLOSE BT OB/OS 333.00 -58.00 BTCAM -*****.00 -70.00 BT 10-day MA -*****.00 +33.00 AH-SG Equities 480.09 -0.34 SG Equities Elect 163.27 +0.06 SG Equities Fin 1478.78 -0.01 SG Equities Prop 403.34 -0.61 SIMSCI 217.93 -0.16 SiMSCI Futures 218.30 +0.10 Stocks Vo4ume Lasseters 18c 16.130.0CX)
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  • EXECUTIVE money
    • 838 8  -  GENEVIEVE CUA looks at why the funds administrator wants to restructure its low-cost platform GENEVIEVE CUA NO LOAD funds, no CPF agent bank charges That sounds like a proposition that should sell itself, right? But what's good for investors isn't palatable for advisers.
      FILE PHOTO; Compiled by BT  -  838 words
    • 773 8  -  By Genevieve Cua THE Life Insurance Association said yesterday it is setting compulsory standards to stem the churning of insurance policies among agents but this won't address two issues that could give rise to churning. First, there's no way to track
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  • 4102 8 UNIT TRUSTS FUNDS Com S'pore Bond Fund/ A 1101/ Fid Credit Agricole Asset Mgt S'pore ltd [<] ABN Amro Asset Mgt (S'pore) Indocam Asia Vision'" 022/1 074 Star fur opt Eqty!" 0.741/ DBS Asset Mgt Star Europe Bond 1.243/ Shenton Twin City 1 27 1.325 iri SyluwpeM-— 1 046/ Japan
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  • Page 8 Advertisements

  • SINGAPORE companies
    • 433 9 Sale expected to do well amid good fundamentals and a more aggressive expansion strategy Bloomberg OVERSEA-Chinese Banking Corp, the smallest of Singapore's three banks, plans to sell US$5OO million of floating-rate notes next week, an e-mail sent to investors by one of the
      Bloomberg; FILE PHOTO  -  433 words
    • 324 9  -  Owners of controlling shareholder Manhattan Investments join board By Serena Ng TWO owners of Links Island Holdings' new controlling shareholder Manhattan Investments have taken on executive directorships at the mainboard-listed group, while Links founder and chairman Winstedt Chong has quit the board.
      324 words
    • 418 9 Bloomberg Reuters RATING agencies have affirmed the ratings of Singapore banks after the government last week said banks will be required to hold less capital. DBS Group Holdings, South-east Asia's biggest bank, had its rating and stable outlook affirmed by Moody's Investors
      Bloomberg; Reuters; FILE PHOTO  -  418 words
    • 812 9 Its trade in a range of commodities protects it from any slowdown in China Bloomberg [HONG KONG] In his office overlooking Hong Kong's harbour, the world's busiest port, Harry Banga reflects on China's appetite for iron ore from Brazil and
      Bloomberg  -  812 words
  • Page 9 Advertisements
    • 66 9 H Insiders'trades. ■■■■I Brokers' recommendations. I Dividend table. The pages also cover I m tn\ transactions by directors and ¥£jj$ JB substantial K shareholders. HHKHH ■"■J -mmm In other words, MMB JMMH HHHHK news use. illiMCBili n H aRsf HI jHHw Mnw mm mj J-mi "ftUT ||$|f J§|5 A. i
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    • 88 9 Go Wireless Now!!!! For as low as $99 per month, you can setup a full wireless infrastructure. J Standard items v Conflpuratlon include: wrelV--^—— 1 D-Link Access Point/Router 3 Wireless 2.4 Ghz (802.11g) I USB Adapters I Configuration Setup I L FREE! Your own domain name 3 months web hosting
      88 words

  • ARTS festival
    • 659 10  -  Checkpoint Theatre's Opiume revisits the Opium Wars in a small-scale opera featuring music by Mark Chan, reports Sangeetha Madhavan Sangeetha Madhavan Though its subject matter may be a historical drug war spawned by "epic" issues like the politics of trade and a clash of cultures, the
      FILE PHOTO  -  659 words
    • 486 10 By Michael Hu YUNNAN music may sound exotic, but it's universal because it has travelled across many regional borders, says Singapore Chinese Orchestra conductor Tsung Yeh. SCO's performance of Colourful Yunnan this Saturday will feature music of Yunnan ethnic groups the Miao, Dai, Bai,
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  • 1577 10 SICOM FUTURES Jun 1 RUBBER Futures (Closing prices) RSS1 (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 04 ***** Aug 04 ***** Sep 04 233.00 Oct/Dec 04 231.75 Jan/Mar 05 233.50 Apr/Jun 05 236.50 RSS 3(UScentsAg) Volume Open Month High Low Sett (tomes) Interest Jul 04
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  • SINGAPORE news
    • 409 11  -  Study, they explain only a small part of output and inflation volatility By Anna Teo EXCHANGE rate movements seem to have had a limited impact on output and inflation in Singapore in the short term, a study found. But this "should not suggest
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    • 632 11 It pays off first instalment of debts to most creditors ByVlnoe Chong SUM Cheong Piling (SCP), one of Singapore's older engineering and piling companies, is on its way to staving off liquidation after paying off the first instalment of debts to most of its
      632 words
    • 240 11  -  EYE on the economy jobs By Uma Shankari THE volume of newspaper job advertisements continued to register strong growth of 65 per cent year-on-year in May, the best showing in more than two years. This was on the back of
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    • NEWSRoundup
      • 92 11 SENIOR Minister Lee Kuan Yew will visit Japan from today until June 6 and China from June 6-19. He will attend the 10th Nikkei Future of Asia Conference in Tokyo, where he will speak on "Regional Unity: The Role Japan Must Play". From
        92 words
      • 44 11 HOME Affairs Minister Wong Kan Seng will be in Malaysia from June 3-6 for a working visit. He will meet Malaysian Deputy Prime Minister and Minister for Defence Naiib Tim Razak, Minister of Home Affairs Azmi Khallid and other officials.
        44 words
      • 49 11 THE Shipbuilding Marine Engineering Employees' Union (SMEEU) has expressed its condolences to the families of seven foreign workers who died in an industrial accident at Keppel Shipyard (Benoi) on May 29. SMEEU will give $5,000 to the families as a gesture of sympathy and support.
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      • 50 11 THE Design Singapore Council will present a pavilion showcasing the Republic's architectural works and aspirations at the Venice Biennale 9th International Architecture Exhibition in Venice, Italy, from Sept 12- Nov 7. The move is in line with Design Singapore's strategy to promote local designers overseas.
        50 words
      • 39 11 ASIA Seminar has expanded its offerings through automation and e-marketing. It can now manage 30 seminars a month, up from an average of two a month previously. A list of seminar offerings is available at www.asiaseminar.com.
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    • 207 11 NANYANG Technological University will play host to Graphite 2004 and VRCAI2OO4, two major conferences on computer graphics, virtual reality, and its applications in industry, from 15-18 June. The conferences aim to reach out to developers, users, and researchers from the technical, academic
      207 words
    • 432 11  -  By Gea Swee Jean ABOUT half-a-dozen nightspot operators have expressed interest in Embassy, the Esplanade nightspot put up for sale last week in the face of debts totalling $1.13 million. According to sources, the shareholders of Colours F&B, Embassy's sub-land-lord, met recently to discuss who
      FILE PHOTO  -  432 words
  • Page 11 Advertisements
    • 961 11 .jfc it pvy U 9 ,f 1 '*P"' Tantalising deals from for BT readers This month's theme is fine dining! The restaurants featured have special offers for Citibank Gold Card members, whose privileges now include dining reservations with guaranteed or priority seats through the 24-hour Gold Concierge service. BT readers
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  • REGIONAL news
    • 545 12  -  Property portfolio there set to hit RM1b with latest Johor purchase Front Eddie Toh in Kuala Lumpur THE investment arm of the Singapore government has emerged as one of the biggest landlords in Malaysia following its acquisition of a controlling stake in a
      545 words
    • Halim Saad raises Seloga stake
    • 65 12 [KALANDIA]\A Palestinian boy, with a drawing of a national flag on his face, celebrates International Children Day at a youth activities centre in the West Bank's Kalandia refugee camp.yesterday. The conflict pitting Palestinians against Israelis for the past four years has had a severe impact on children,
      AFP  -  65 words
    • 404 12 KUALA LUMPUR Record US demand behind boost in year to April Reuters MALAYSIAN exports surged 23 per cent in the year through April, extending a rapidly accelerating trend and supporting a strong outlook for economic growth despite an expected slowing in China. Record demand from the
      Reuters  -  404 words
    • 360 12 TAIPEI Chinese media blasts tycoon for backing Chen Reuters AFP TAIPEI urged Beijing yesterday not to use politics to threaten Taiwan businesses investing in China, after Chinese media criticised a prominent tycoon for supporting pro-independence President Chen Shui-bian. The Chinese Communist Party's main
      Reuters; AFP  -  360 words
    • 306 12 Reuters A GROUP of Malaysian firms is proposing to win a billion dollar contract from state-owned utility Tenaga based on an exclusive deal, a move that would test the government's resolve to open up tenders. Prime Minister Abdullah Ahmad Badawi has promised
      Reuters  -  306 words
    • NOTEBook
      • 69 12 AFP [SHANGHAI] Shanghai property tycoon Zhou Zhengyi, one of China's richest businessmen, was yesterday jailed for three years for stockmarket fraud and falsifying documents, state media reported. Zhou was sentenced by die Shanghai Number One Intermediate People's Court, Xinhua news agency said. The chairman of
        AFP  -  69 words
      • 117 12 Bloomberg [HONG KONG] Barclays pic and Standard Chartered invited other banks to join a HKsll.l billion (552.4 billion) loan for Malaysia's Hong Leong group which will use it to buy the rest of Guoco Group Ltd it doesn't already own. Hong Leong, which owns 44
        Bloomberg  -  117 words
      • 67 12 Reuters [MACAU] Macau's economy grew 25.6 per cent year on year in the first quarter 0f2004, powered by strong growth in its gaming and tourism sectors as well as higher exports and private investment, the government said yesterday. The robust performance marked Macau's third
        Reuters  -  67 words
      • 95 12 Reuters aw; ui oik iwuvci j siuwb ui «u»j [HONG KONG] The pace of Hong Kong's economic rebound slowed in May from a month earlier, although companies continued to see robust new orders and expanded business activity, the latest Purchasing Managers' Index shows.
        Reuters  -  95 words
      • 69 12 Reuters [BEIJING] State-run Bank of Communications, China's fifth-largest bank by assets, yesterday said the government had appointed a new chairman ahead of the potential sale of a stake to foreign investors. A bank spokesman confirmed a report in Financial News that Jiang Chaoliang, previously deputy governor
        Reuters  -  69 words
  • Page 12 Advertisements
    • 837 12 rßifiwl a ism HZHZI3IZZZZIZI: Registration No. *****1668R NOTICE IS HEREBY GIVEN that the Annual General Meeting of RICHLAND GROUP LIMITED ("the Company") will be held at at SAFRA (Tampines) 1/A Tampines Street 92 Singapore *****2 on Friday, 18 June 2004 at 3.00pm for the following purposes: AS ORDINARY BUSINESS 1.
      837 words
    • 22 12 .Lianhe Zaobao I Philips' I I PoIyLED I I technology I I may I I TV war I TSfiJiUPolyLEDa* I m I
      22 words
    • 199 12 Buy It. Sell It. Find It. IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF METROCOM SYSTEMS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuont to Section 308 (1) of the Companies Act, Cap. 50, that a Final General
      199 words

  • REGIONAL world
    • 612 13 Security measures being beefed up in the wake of weekend attack Reuters AFP GULF oil producers are coordinating security to protect against attacks such as that at Khobar in Saudi Arabia, where a shooting and hostage-taking spree at the weekend targeted foreign
      Reuters; AFP; AP  -  612 words
    • 440 13 Marks Spencer names new CEO amid takeover talk LONDON Bloomberg MARKS Spencer Group pic, Britain's largest clothing retailer, named Stuart Rose as chief executive officer, replacing Roger Holmes, as the company prepares for a takeover offer from billionaire Philip Green. Chairman Luc Vandevelde will be replaced immediately with an interim
      Bloomberg  -  440 words
    • 264 13 JAKARTA Reuters Bloomberg INDONESIA wants Opec to significantly increase official production limits to cool high oil prices, the country's Mines and Energy Minister and cartel president, Purnomo Yusgiantoro, said yesterday. "Indonesia's position at the next Opec meeting is that Opec should increase the
      Reuters; Bloomberg  -  264 words
    • 268 13 TOKYO Reuters GLOBAL chip sales are likely to grow 28.4 per cent to a record U*****.6 billion in 2004, boosted by strong demand for PCs, cellphones, DVD recorders and other electronics products, an industry group said yesterday. The forecast by the World
      Reuters  -  268 words
    • 333 13 SHANGHAI AP A BATTLE for a north China brewery heated up yesterday as Anheuser-Busch, the world's biggest beer maker, topped a rival takeover bid by SABMiller and snapped up a controlling stake in Harbin Brewery Group. Anheuser-Busch, maker of Budweiser and Bud Light, paid
      AP  -  333 words
    • WORLDWatch
      • 108 13 AFP [BAGHDAD] Iraq's new government was sworn in here yesterday with Sunni Muslim tribal leader Ghazi al-Yawar (above) as president as the first step towards assuming full power when the US-led coalition returns sovereignty on June 30 and preparing for general elections next January. The
        AFP  -  108 words
      • 52 13 AFP [MILAN] The board of Italian auto and industrial giant Fiat appointed Sergio Marchionne as chief executive yesterday, the company said in a statement. Mr Marchionne, an Italian-Canadian, has a record of successfully turning round struggling companies. He replaces Giuseppe Morchio who resigned suddenly on
        AFP  -  52 words
      • 79 13 AFP [TOKYO] The number of workers on regular payrolls in Japan increased in April by 0.4 per cent from a year earlier, the first rise in six years on the back of the economic recovery, the labour ministry said yesterday. The gain to 42.86 million
        AFP  -  79 words
      • 59 13 Reuters [SEOUL] Creditors of South Korea's Hynix Semiconductor Inc have accepted an ofFer by an equity fund at Citigroup Inc to buy a specialised chip division, main creditor Korea Exchange Bank said yesterday. Citigroup Venture Capital recently raised its ofFer for the second time in
        Reuters  -  59 words
      • 61 13 Reuters v «r [SEOUL] Two steel units of South Korea's Hyundai Motor Group signed an initial agreement yesterday to buy bankrupt Hanbo Steel, a deal that analysts said could be worth about one trillion won (Ssl.s billion). A consortium of INI Steel and Hyundai Hysco
        Reuters  -  61 words
    • 513 13 BEIJING It asks foreign banks for more data on clients with 100m yuan loans AFP Bloomberg CHINA'S banking watchdog yesterday halted all loans made to fixed-asset investment projects not approved by the government as authorities implement another round of curbs to
      AFP; Bloomberg  -  513 words
  • Page 13 Miscellaneous
    • 291 13 CRYPTIC CROSSWORD ACROSS 4 et the next round in! (6) 5 Financial fraud? Old note's 1 After passing examination found in the City (8) 00) 7 Popular Roman leader has 6 Eat out and so on at support in number (7) hotel (4) g don't have it, I'm sure! (10)
      291 words

  • 4783 14 Transaction date: Jun 1 HONG KONG Vol HKExchanges®Clearing..16.05 unch 2287 HKS +1- 000 HKR Int'l 2.28 0.05 1477 Hong Kong Electric 33.20 0.30 2549 Aeon Credit 4.68 -0.02 20 Hongkong Chinese 1.00 -0.01 664 Aeon Stores 5.70 unch 50 Hongkong Chinese Ltd 1.00 -0.01 664 AlphaGeneral 0.34 0
    4,783 words
  • 2354 14 Transaction date: Jan 1 KTTAT,A T.TTMPTJR GeneralSoil 1.26 unch 0 IhUALALUlVirUK Genting 15.50 0.10 637 RM {'000) George Kent 0.80 0_02 17 Globetronics Tech 0.54 unch 862 A M Realty 1.38 unch 0 n n? ,?f Abnc .0.62 -0.02 86 Gold Bridge Engrg 0.40 -0.0 191 ACP Industries 194
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  • 866 14 Transaction date.Jun 1 smtiM— m O—i on Kadc—a m Om» Omm Altgreen 50c 0.30 0.955 -0.010 NOL 1.67 2.130 -4L010 BtL Intt US20C 039 0.745 +0.005 OCBC 958 12.000 <100 CapitaLand 0.97 1.310 *0.010 Parkway H 25c 0.58 1.120 -0.020 Chart SemiCond 26c 1.17 1.390 -0.020 People'! Food HK50c
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  • 795 14 BONDS WARRANTS Pram Expiry Tel Last Vol Com Exor Disc 6» Mths Co«o Sdo cmm —M* Prtco tH§ Loft 3779 ASL Marine Hldgs W*****1 16 1 53 37 3.16 46 3698 ASTIW*****1 32 unch 12 1 16 -4 1.56 0 3697 Acma Ltd W*****6 j0.5 1 50 677 13.00 5
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  • Page 14 Advertisements
    • 27 14 ■ro M ll Insiders'trades. Brokers'recommendations. Dividend table. TH 1j BUSLN IjSSTI\l I^S H The pages also cover transactions by directors and substantial shareholders. V I HH J
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  • WORLD news
  • 6347 15 Transaction date: Jun 1 52m* Id 1st Vol Day UrtQuPt* W» SrtM Met MC. Hqfr Urn Code Company Sato W- fW M* law Cw fit sJj 25.5 5.5 5716 1st Software 5c 11 -0.5 287 11.5 11 1] "5 43.6 57.9 32.9 5834 A-SonicSc 34 -0.5 M5 34
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  • 71 15 MWiTow Cwte if? Vol Day Lad Quote GrOrv Dtv GrYM Met MCap Company Site (000 High Lot fciyor Sotor Cvr ME S"5 2060 2°°° 6065 US2060cd 2120 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 I 6101 ISS4PS00... US8270 ***** 9650 6170 SPDRS USVUOOoJ I
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  • 1797 15 HK**Low if? vd Day Lact Quote GfOtv Div GrVId Net MCap wy no axe cowpany Mt w- (HH Lou. Sdtor CV Pff jS 26 12.5 5000 ABRHIdgs5c 12.5 46*5 1501 A5A,rtnliv 5 5 2 10 27 5 27.5 27 5 29 5 N9.1 0.9 10.7 29 725 4
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  • 337 15 S2-Wk Tcf Last Vol Day LastQuot* OrOiv Div GrYW NM MCap M0i law C•*» Ciwpisy Sat* *b nm HI# Low »nyr Sdhf On Swi 228 137 6000 AVJennings A25c A19Bcd unch 12 199 198 197 199 40 8.8 5.1 7.5 426.1 6001 Cathay Pac 20c MK720 265 2.1
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  • Page 15 Advertisements
    • 52 15 iMmfS^ma^/^Mrn Le maitre de I'horlogerie depuis 1875 JM Mt r m Available at: Showroom AUDEMARS PIGUET PRIVATE watchu V 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 6238 6678 Fax: 6238 6676. Ngee Ann City Tel: 6733 0618 Lucky PU« Tel: 6737 4648 internet: http://www.audemarspiguet.com Suntec City Mall Tel:
      52 words

  • BT motoring
    • 302 16  -  By Samuel Ee STAMFORD Tyres' latest Megamart in Loyang Way plans to tap retail and commercial demand in eastern Singapore, where the airport and large housing estates like Pasir Ris and Tampines are located. "We've been looking for a suitable location
      302 words
    • 520 16  -  Outsourcing of truck tyre fleet management and maintenance is increasingly finding favour in the region. Samuel Ee reports Samuel Ee STAMFORD Tyres Corp expects doubledigit growth for its truck tyre business, not by selling them but by leasing. The mainboard-listed company says fleet
      520 words
  • Page 16 Advertisements
    • 170 16 Nominations for the 2004 eSO.startup awards are now open Recognising Singapore's New Enterprises To be eligible, a company MWWIII.IHH!] .be a privatriyheld enterprise "T unc er years old (from date of incorporation) ZU U 4 have a strong nexus to Singapore have at least 1 year of audited financial results
      170 words
    • 30 16 operation hours 1200hrs to 1430hrs 1800hrs to 2300hrs for dining reservation tel 6333 1 788 email rangmahal^hind.com.sg Tha Pan Pacific Hotai Laval 3 7 Raffles Boulevard Marina Square Singapore *****5
      30 words
    • 96 16 INTRODUCING HAI XIANG RESTAURANT'S EXECUTIVE SET MENU Available daily Perfect for business entertaining "5 and gatherings, savour from a 4- choice of 2 set menus at $32 or $50 per person tantalising dishes M such as Steamed Cod Fish with Garlic, Braised Sliced Abalone haixiang Clam, Double-boiled Shark's Fin Soup
      96 words
    • 90 16 1 MERITUS MANDARIN SINGAPORE T Wongs* F^rc IH&ohcslA 3to 2 vmc i Keep your tastebuds delighted with Bwlw' <^e ecta^e dishes such as Soup Buntut Turi, wjEj|2? Ay am Panggang Betutu Bali, Ikan Asam Rttf Pedas Borneo and more at our buffet lunch! ||n Buffet Lunch: 12:30 noon 4.30 pm
      90 words

  • SHIPPING TIMES
    • 305 17 Reuters [TOKYO] Panamax dry bulk rates will likely be unchanged or ease another notch this week, hit by a slowdown in Chinese demand for grains and minerals, shipping industry sources said yesterday. Some Asian brokers said they expected the bearish trend to continue at least for the next
      Reuters  -  305 words
    • 281 17 Source: BRIDGE SGX '000 hm1 S$ *1- Vol CH Offshore 0.36 -0.01 147 Chuan Hup.... .0.49 0.01 361 Cosco Investment .0.76 -0.02 2999 CWT Distribution 0.48 unch 0 EzraHldgs 0.97 -0.01 112 FreightUnks 0.10 -0.01 565 GB Holdings .0.82 0.01 123 Java Holdings 0.81 -0.01 1794 K1 Venture
      Source: BRIDGE  -  281 words
    • 663 17  -  First phase of development creates 250,000 TEU annual capacity By Donald Urquhart [SINGAPORE] The PSA Group has finally got its US$23B million greenfield Portuguese container terminal venture up and running —nearly a year behind schedule with the maiden call on Sunday by the Mediterranean
      663 words
    • 352 17 Only 34 of the world's 15,000 ports certified secnre so far AFP [SINGAPORE] Several countries are unwilling to publish information of their ports' security for fear that terrorists may use it to target weak spots, a UN maritime security consultant said here.
      AFP  -  352 words
    • 521 17  -  From David Haghes in London THE International Maritime Organisation (IMO) has already taken action to reduce the risk of terrorists or pirates using information derived from the vessel Automatic Identification System (AIS), and emphasised that the answer to security worries remains the
      521 words
    • 533 17 Domestic shipping lines also raise onboard security AFP [MANILA] Armed sea marshals have been deployed on passenger ships plying major sealanes in the Philippines to guard against maritime terrorism,- the country's coastguard chief said yesterday. Since March passenger ships leaving the port of
      AFP; REUTERS FILE PHOTO  -  533 words
    • 1037 18  -  STRAIT TALK By David Hughes BEFORE writing this column I spent a few minutes looking at an overview of shipping moving through the Dover Strait and Eastern English Channel. I was able to see every ship, of
      REUTERS  -  1,037 words
    • 185 18 PAGE Alianca 3 AAL 5 Avant 6 Bank Line 4 B'tang Mas 5 BSA 4 BTL 6 CMACGM 3 COSCO 3 China Shpg 5 Confer 6 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 EP Carriers 6 ECL 3 Eng Lee 6 ESP Lines 4
      185 words
    • 12858 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name ...Number Number SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvoire To CALCUTTA (CCU) 2062 India 09/06 a/07 CMA CGM CMA CGM KOMODO SX041W 45-*****800 12/06 18/06
      12,858 words
    • SHIPS IN PORT
      • 530 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL AN GIANG 5 02 J4/5 A/SIDE 02/06 0600 DELMAS FORBI 427W J18/19 A/SIDE 02/06 0300 E LINK 3 ELK325 J11 A/SIDE 02/06 0630 ETERNAL CONF 566 J14/15 A/SIDE 02/06 0700 IMABARIGLORY 001N J7/8 A/SIDE 02/06 2359 KARIANGAU EX 2417E
        530 words
      • 932 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr AL1ANCA SING 402N 402N 1 *****004-1230 04/*****433:00 ALMA UBRE 001 001 1 02/06/2004-07:00 02/*****4-1230 API CORAL 118E 118E 1 03/*****437:00 03/06/2004-23:00 API IRELAND -HOW 110W 1 03/*****4-18:00 04/*****4-1830 APL JAKARTA
        932 words
      • 528 25 Crtoa 180 MM 989.6 0.6 14.2 0.06 46 0.04 km ?t Density Water Residue AshAluminium Sediment No above E25 0 0 0 0 *ZlL um 380 Ave 966.8 02 13.6 0.04 30 0.02 380 Max 993.2 0.7 17.7 0.07 68 0.07 wtftri v/v M/M u/u WM
        528 words
      • 137 25 Jun 2 India: Vesak Day. Indonesia: Waisak Day. Malaysia: Vesak Day. Singapore: Vesak Day. Thailand: Visakha Bucha Day. Jon 0 S.Korea: Memorial Day. Jwi 7 NZ: Queen's Birthday. Jon 12 Philippines: Independence Day. Jon 14 Australia: Queen's Birthday. Jon 19 Sweden: Mid Summer Day. Jun 22 HK: Tuen
        137 words
      • 829 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
        829 words
    • AIR & LAND transport
      • 552 26  -  Faced with tough competition, many stop at a fuel surcharge for now By George Joseph [SINGAPORE] The world's airlines are looking at raising international fares to help compensate for rising jet fuel costs, but the size of the increase would eventually
        FILE PHOTO  -  552 words
      • 617 26 Lower fares, new routes behind first loss since carrier went public in 1997 Bloomberg [LONDON] Ryanair Holdings pic, Europe's biggest low-cost airline, posted a fourth-quarter loss, the first since the carrier sold shares to the public in May 1997, as it spent
        Bloomberg; BLOOMBERG  -  617 words
      • 244 26 But Australian air force still handling military operations AP [CANBERRA] Australian air traffic controllers at Baghdad International Airport were handing over control of civil air operations to Iraqi staff yesterday, defence minister Robert Hill said. The nearly 65 Australian military personnel at the
        AP  -  244 words
      • 2086 26 OH FLIGHT £T* FII6HT E7D GA840 1725 GA841 1825 M*Mt 8*7381 *40 LH9770 2300 ****** 1805 S0M8 1900 LM9771 1840 S0229 2300 SOW 2230 ****** WIS orm 1840 Mnit Srti mos fnre owT S0Z3 Dtata S0435 0550 K85 1745 Imttrtm GA975 0855 KU38 2255 8C84 *25
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  • Page 17 Advertisements

  • Page 18 Advertisements
    • 858 18 I TO USA/CANADA I I EXPORT 1 1 OTHER DESTINATIONS I Ivosa [VOY KG jETA SIN LONG REACH! DALLAS 1 HOUSTON IMEMPHK jORCAGOI NEW TOM II TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) 00Q HAMBURG 03E23 01/06 02/06 18/06 22/06 25/06 23/06 23/06 26/06 VKStt VOT ETA SIN'I PRC I FRE I
      858 words
    • 567 18 sg&x Lines services represented by Mem^ers °f Accre^itec Singopore Shipping Association Members of the '••aiES*. Singapore Logistics Association g ULY UNE MALE f VESSEL VOY ETA ETA ETA P. KiAHG SPOKE MALE Mold Carrier 747 09/06 06/06 16/06 Princess Lily 0404 09/06 11/06 19/06 Maid Star 549 16/06 19/06 29/06
      567 words

  • Page 19 Advertisements
    • 805 19 MOl Combines a range of shipping modes to ensure timely, reliable services covering ma|or ports >Oi America, Europe, Japan, Ask., Africo AOctmio. Also accapt ktre-Ashi Ceyn to; For Schedules, Bl Searches, and Container Tracking, visit on our MMKTIB TO ADVERTISE, CALL JOE WONG AT 6319 2062 OR BERNARD ONG AT
      805 words
    • 2209 19 ADDITIONAL NEW WEEKLY *ADX" SERVICE TO EAST MEDITERRANEAN ON EVERY FRIDAY MMRAUGOcn IN S|HGAPO«E: li RAFFLES OUAT #34-01 SAUS/IKGS TIL- *****657/43 FAX: *****321/24 I SINGAPORE TO ISTAMWL -15 DAYS iUSTAR SHIPPING PTE LTD HONG HONG WIUNNG OUTWADDO/U M2OSSO2 *****325/75 I CMfIfiAPOKE TO THIttALONIKI -16 DAYS 01 NO: **********0 M »l»II
      2,209 words

  • Page 20 Advertisements
    • 2526 20 WAN HAI INTERNATIONAL PTE LTD 0) NO: **********0/R \W\ WAN HAI LINES V V wffmll lIMI LIIILJ miH:mi34MMNUk(O3)*****9IRNIB: 104)2»smMLM229MW V- lON A: (07) 2511*23 MX: 107)251 W2ISUIHLIO3I) J2W475 MX: (031) *****14/ *****05 wwwwinlioi (oird, KTlfc|o?l)S2S4l»» HUfc «l) *****11 PUR 1******0/*****1 HUL7IU7* www.Wßnwßi.tgm.tg 8Bm: <041) 4157W31A1: 1061) 4ISWB/41CW pcu9NWGIHH KH MC
      2,526 words
    • 762 20 BSA x MYANMA SB FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 328W SU) HPA-AN 320W SU) SLO IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL: 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKL KUC ASIAN COSMOS 85
      762 words

  • Page 21 Advertisements
    • 1263 21 [VESSEL VQY I SIN PKL DXB BAB DMM BIK CHABAHAR IKHORRAMSHAHRI IRAN ISFAHAN PCL37I 06/06 SKIP 15/06 16/06 23/06 25/06 27/06 29/06 IRAN SATTARI PCLBO34 12/06 13/06 22/06 23/06 30/06 02/07 04/07 06/07 IRAN SHAHRYAR PCI 8035 20/06 21/06 30/06 01/07 08/07 10/07 12/07 14/07 IRAN SATTARI PCI 8036 04/07
      1,263 words
    • 501 21 UK CONTINENT SERVICE Loading for KEELUNG RTM/ATW/BMN/UK/NAN Loads Singapore, EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT ADN/HDD/J DH/AQA PLAMER DBI/ABU/DOH/BRN/DMM/KWT •Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for SPLIT CAM/NOiyNFK/SAV/TPC SIFNOS BAY CAM/NOL/NFK/SAV/TPC TAUROA POINT VCW/LAX/MZL 'Loads EVW. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore
      501 words
    • 708 21 rasa m «h pgu jffssa yqi m u PACMNDA 1222N 02/06 03/06 jfIMAI W 32SZ 2144 82/24 PACIANDA 1223N 03/06 04/06 PAC BIHTAW 325fi 03/06 06/04 p AC lANDA 1224W 05/06 06/06 Al AM I ATA 7 8432 06/06 01/06 PACMNDA 1225N 07/06 MATARAMEX^^ PAC lANDA IM os/o* PAC lANDA
      708 words

  • Page 22 Advertisements
    • 685 22 ■■Blll|^mTGolVW^^^l9oSMMl/o3^^^s7/^^l7R^^ TIGER PEARL 191N 04 05/06 10 12/06 17-18/06 1 HUSyUttil TIGER SKY 192 M 07-08/06 13-14/06 20 21/06 1 MrTTTf TiGKSfA 193N 08 09/06 15-17/06 22-23/06 1 ■HHiMH TlGfli WAVE 194 M 13-14/06 19-20/06 26-27/06 1 TIGER PEARL 195 M 17-18/06 23-25/06 30-01/07 J 0n)8/06 17-18/06 ■fffflfflNßxPßES LHOTSE 602
      685 words
    • 975 22 FREIGHT LINKS EXPRESS PTfcLTD", Freight Links Express Logisticentre, Singapore *****3 LATEST LCL SHYICR'TO"^ DALIAN XIAMEN QINGDAO NINGBO FUZHOU YANTAI PLS CALL FOR BOOKING 6267 4694/5535/5541/5508/5514/5551/5560/5563/5565/5569/5553 PROJECT HEAVYLIFT CARGO Lawrence Lim 6267 5555, H/P: 9749 1977 lawrence@flesin.com.sg Adrian Chia 6267 5576, H/P: 9734 7721 adrian@flesin.com.sg LOGISTICS 6r WAREHOUSING SERVICES MjV Edward
      975 words
    • 1310 22 I \Wi m (It S'para Agents lAL Shippiaf twcy (S) Pi* ltd (CI NO: 165M*****0Z) 'fA Snterasia Mines .'I ,1 ?Vf ER mf£P ESS SERVICE TO HONG KONG JAPAN I [I m I MP I TTO I TOM I HK6 fli SGP VESSfI IVOYIPU ISCf |MG IOSI I*ol SAZ ItTO
      1,310 words
    • 168 22 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI IVKSa I VOYAGI ETASIHGATOM IT* KARACHI fotrolo. substitute OKHW 15.0*04 75 06.04 fertAfwt SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood #17-07/08 Apex Tower, Singapore *****5 Telephone: 6270 0977 II Facsimile: 6275 2309 VII Telex: KS ***** SEAPAC DIRECT SIN NAMPO, P.P.R.
      168 words



  • Page 25 Miscellaneous
    • 132 25 iJF j s&r— -°j&vi7 -i'-^sx. ii \yi^{||j^yi'i -«jjggfc- —r^g 3 i Issued by Meteorological Service Division,NEA LEGEND: T< Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds R a j n 1 One half fleche represents 5 knots Cloudy Day One full
      132 words

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