The Business Times, 3 June 2004

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Microfilm: NL25583
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES MITA (P) 023/03/2004 y tp.//business-times.asia1 .com.sg SINGAPORE THURSDAY, JUNE 3, 2004
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  • Article
    Lock icon CPF moves to step up protection for investors
    872 1  -  BT exclusive Fund managers may have to pay indemnity if they contribute to loss in fund's value By Genevieve Cua [SINGAPORE] In a bid to step up investor protection, the CPF Board is seeking to compel fund management firms to make good
    872 words
  • Article, Illustration
    Lock icon Cathay Apartments sold for $20m: sources
    518 1  -  BT exclusive Buyer Sin Heng Chan is expected to develop 50-60 small apartments on site By Kalpana Rashiwala [SINGAPORE] A deal has been inked to sell the freehold Cathay Apartments off Orchard Road for nearly $20 million or about $370 per square foot of
    ARTHUR LEE  -  518 words
  • Article
    Lock icon MARKETS
    62 1 Wednesday Change KLSE COMP .*06.36 551 NIKKEI 225 1 1,242.34 -54.42 HANG SENG *****.75 +96.20 SET INDEX Closed JAKARTA COMP __719.04 -12.16 MANILA COMP _1.526.94 +8J9 TAIPEI WPI 5,875.67 -110.53 SEOUL COMP 804.39 -11,18 SHENZHEN B 269.07 -2.69 Al'ST ALL ORD _1,472,10 +17.60 BOMBAY INI) 4,923.69 +88.57 At 12
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  • Article
    Lock icon FINANCE
    31 1 PRIME RATES SINGAPORE 5.25 MALAYSIA 6.00 HONGKONG 5.000 INDONESIA 3900 TAIWAN 6500 JAPAN 1.375 KOREA 9 35 BRITAIN 4.25 U 4.00 CANADA 3.75 SWITZERLAND 212 INDIA 10 25 Source: Bloomberg
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  • Article
    Lock icon Output hike may not help, say some Opec states
    823 1  -  Oil eases a little; ADB fears impact on Asian exports From Anthony Rowley in Tokyo NYMEX crude oil futures fell yesterday morning after Tuesday's surge to record highs on oil security fears and as Opec ministers gathering in Beirut promised more
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    • Article
      Lock icon Fund managers mull over new terms for MAS licence
      581 2  -  Parent firm needs to provide financial guarantee in letter of undertaking By Genevieve Cua [SINGAPORE] It is not just the CPF's new proposed deed of indemnity that fund managers have to contend with. The Monetary Authority of Singapore has also floated
      581 words
    • Article, Illustration
      Lock icon Political uncertainty causing turmoil in Indon markets
      673 2  -  Rupiah plunges; stock market down 12 points From Shoeb Kagda in Jakarta INDONESIA'S financial markets yesterday were hit hard by growing political uncertainty in the country and a deteriorating investment climate ahead of the presidential elections. The rupiah plummeted to its lowest level
      AFP; Source: Bloomberg  -  673 words
    • Article
      Lock icon Singapore firms makinng cost cuts from distorted info
      573 2  -  This will bring only short-term gains: Ernst Young MD By Daniel Buenas [SINGAPORE] Singapore companies, like their US counterparts, make costcutting moves based on distorted information and while these measures may bring near-term benefits, they lead to longer-term issues, a financial consultant
      573 words
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      21 2 I Recruit from a wider audience x x niin Call 1800 289 8822 or email reavit@sph.com.ig for your recruitment solutions ESmmSm
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      63 3 Missing out on the right information can seriously affect your decisions. Reuters offers fast access to more relevant DIT I ITETD C news, plus essential prices and analysis from over 4,000 sources. With 85% of the players in FX and money I C markets using Reuters to trade, no wonder
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Ascott buys over rest of European chain
      427 4  -  It now folly owns Citadines, after paying 74.3 m euros for remaining 50% By Daniel Buenas THE Ascott Group, the mainboard-listed service residence arm of property giant Capita Land, has exercised its call option to acquire the remaining 50 per cent interest in
      FILE PHOTO  -  427 words
    • Article
      Lock icon Transpac lesson for investors
      599 4  -  HOCK lock siew teh hooiling ASM Ventures's offer to buy Transpac shares at $2.25 apiece is perhaps the best thing to have happened to the venture capital company's shareholders in six years. After all, the shares haven't traded to this level since end 1997. True, the
      599 words
    • Article, Illustration
      Lock icon Oil stocks surge with rocketing oil prices
      852 5  -  Earnings of energy companies expected to climb for next few years By Taila Krishnakumar SOARING oil prices have fuelled earnings upgrades, bullish recommendations and gains for the region's oil stocks. World oil prices rocketed to a new high of US$42 a barrel in
      AFP  -  852 words
    • Article
      Lock icon k1 share placement to raise $76m
      423 5  -  It will place out 265m new shares to BV Singapore By Serena Ng KEPPEL-LINKED venture capital company kl Ventures yesterday unveiled plans to raise $76 million from a placement of 265 million new shares at 29 cents apiece to a British Virgin Islands-incorporated firm
      423 words
    • Article, Illustration
      Lock icon European investors moving assets here
      421 5  -  By Taila Krishnakumar SG Private Bank expects 25 per cent of its growth in Asia in the coming year to come from the transfer of assets from Europe to its new platform that serves European clients here. And that is a conservative estimate, said chief
      421 words
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      589 4 Companies can nominate themselves for the 2004 Enterprise awards by completing the official nomination form. Companies must be home-grown, privately-owned r i and incorporated under Singapore's Companies Ad ***** Revised Edition), with three years of audited statements. f I Cf Nomination forms ore available ats i f 4 Enterprise 50
      589 words
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      463 4 Credit Lyonnais Financial Products (Guernsey) Ltd To All holders of Call Warrants issued by Credit Lyonnais Financial Products (Guernsey) Ltd relating to the ordinary shares of Ssl.oo each in the capital of DBS Group Holdings Ltd Dear Sir Madam, EXPIRY OF WARRANTS The rights comprised in the Call Warrants (the
      463 words
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      141 5 Where to wine, dine and entertain... The Place for Nostalgia Coolest Nightspot For A Nostalgic Time Relive the good old days with superb live entertainment brought to you by our resident band, "The Velvets". Happy Hours: 2pm to 8.30pm, Monday to Saturday, 2pm to 1.45 am, Sunday. Make your favourite
      141 words
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      20 5 1 t .1 p .1 n <1 p p ."i n M.I P RIMNGLY I N I I A N
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      27 5 Savour the best of Captain's Table's Guangzhou specialities in our Unlimited A La Carte Buffet. Dine from a choice of 40 dishes prepared specially for you. J
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      77 5 "Fantastic value! )t lean enjoy Salad, ice cream, 1 local desserts like icekacangondtau suan plus fresh fruit for only $3*!" On order of any local or western delight firm $6.90. All prices*** Mon-Fri: Lunch from 11.30 am to 3pm (Except Public Holiday) I For reservations, Please call *****138 XV Call
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      718 5 ■Knnil||H Call toU-free 1800 289 8822 BUKIT SEMBAWANG ESTATES LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-eighth Annual General Meeting of the Company will be held at 65 Chulia Street, #50-00, OCBC Centre, Singapore *****3, on Friday, 25 June 2004 at 10.30 a.m. for the
      718 words
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  • BLUE chips
    • Article, Illustration
      Lock icon Elec & Eltek—playing the volume game
      1196 6  - Elec Eltek —playing the volume game It is now well positioned to gain from the emerging recovery in the PCB sector, reports SERENA NG SERENA NG NOT many Singapore-listed companies can claim to be among the biggest players in any industry in the vast China market. But one firm that
      Source: Bloomberg  -  1,196 words
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      189 6 b JHky-Z Find out answers to /n these questions and mnrp* How can we beat our most With Harvard Business powerful competitors? School Professor, Why do good companies Clayton Christensen 'iff m J ft •a"? Author ot best selling How do I really know what h® o The Innovator's customers
      189 words
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      52 6 The Ultimate Travel Machine Has Arrived In 1891, a Swiss master craftsman crafted the legendary Original Swiss Army Knife.Today, the same (ILJM dedication to innovation, quality and style is applied to create the revolutionary Victorinox Travel Gear. o> g i [H i| MAKERS OF THE ORIGINAL SWISS ARMY KNIFE O
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  • ARTS festival
    • Article, Illustration
      Lock icon Celebrating songs of simplicity and hardship
      485 7  -  By Michael Hu YANG Yi and Hang nan aren't your average musicians, and for good reason. After all, how many artistes out there can sing songs about selling vegetables, or about how their heart is a fried bean? These two can. What Yang played
      RICKY WONG  -  485 words
    • Article, Illustration
      Lock icon Stretching imagination in the darkness of light
      608 7  -  Conjunto di Nero was a thought provoking display of movement, says Cheah Ui-Hoon Cheah Ui-Hoon EMIO Greco/PC's Conjunto di Nero (The Conjunction of Black) was pure movement and light distilled, pared down and unadulterated. Think light, cutting into and dividing up space, meeting
      608 words
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      159 7 What's on tonight Theatre: Opiume by Checkpoint Theatre. Bpm, Victoria Theatre. Tickets $22-$52. For details, check www.slngaporeartsfest.com.sg a^BMßM^MMMMßMHßHlHWHyiSaaMy^M^^^^xUliyifflWlllMlllHi!lilllUM^liri,;.g, v Hf vfSHStfc -V f? >:•:■■ v; c -t-^W--f.• WWWBMBsgsMMK.' B wfPSPWt -i J **1&jBx ;V "Ifc ---■•^MM r**i. -> »^iiMAi°l jJtfe K :.>..: JSK.i. t>. 4 '^®"lH^B^B v t*' "splifHK' .^^fey>
      159 words
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  • EXECUTIVE suite
    • Article, Illustration
      Lock icon Scarlet panache
      583 8 BT exclusive The soon-to-open boutique hotel on Erskine Road will charge $200 a night making it arguably the most expensive in its class here, reports Vince Chong O *J A DASH of daring to excite the discerning traveller that's what the developer of boutique hotel Scarlet is aiming
      583 words
    • Article, Illustration
      Lock icon A spectacular 69 blooms on one stalk
      595 8  -  GARDENER'S log By Thien SIXTY-NINE is a sexy number. Hopefully, it will be a lucky one too, wifey says. Still, we already consider ourselves fortunate to see our Grammatophyllum scriptum which we bought from a nursery a couple of years ago flower recently,
      PHOTOS BY THIEN  -  595 words
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      189 8 H Z* 1 iMij "iT§ 11 Ml BIPV 1 V; v %'M* f.. F Hi s i M flpi* ifa fflfil 'k B < g j|, H li'W mm M_, Mil r't*Mll!. It IJP if 9s WBBr^ S^nL.,.«' *f\ < >; 9VivH siH^IG gp I v P~ |K sB R^s»
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      70 8 PACIFIC VIEW -IC\ Freehold condominium with sea view -"5 near NUS and Science Park 48 apartments shop JfMwP for enbioc sale B Strata floor area: 75,950 sq ft r.qp• Site area: 62,239 sq ft lIWI Ideal for refurbishment and Closing: 15 June 2004 (Tuesday) at 3pm Sole Marketing Agent Tay
      70 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Export price index down 2%, import price eases 0.3%
      352 9  -  EYE on the economy trade By Daniel Buenas SINGAPORE'S import price index eased 0.3 per cent year on year in April, while the export price index fell 2 per cent, according to figures released by the Department of Statistics (DOS). The
      Source: DOS  -  352 words
    • Article, Illustration
      Lock icon Paya Lebar office building put up for sale
      463 9  -  This is the third mortgagee asset sale by Bank of China By Kalpana Rashiwala BANK of China has put another mortgagee sale property on the market. This time it is Eng Yick Building in Paya Lebar, which sources say could fetch $14
      463 words
    • Article
      Lock icon Rumsfeld to meet RAdm Teo
      287 9 Bloomberg UNITED STATES Defence Secretary Donald Rumsfeld is expected to meet his Singapore counterpart tomorrow, a move that may help cement ties with between the two countries. Mr Rumsfeld is scheduled to meet Singapore Defence Minister Teo Chee Hean at a new naval base in
      Bloomberg  -  287 words
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      170 9 I 4 Y^^W^^^^Rn4ia4iiVH|MUjM O' -So everyone can look up to me D So everyone will think fm macho I \J «jd loaded P .>4.flfc So HI be prepared for qpylhmg _..i .___Jia£i^^JyLjLlJLjl Because you can't foresee a torrential storm, a falling branch or a sudden pothole, that's why we overengineered
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      21 9 priori B Lianhe Zaobao ■>wThi«!rat] I IfTWM matchmakingl I service to I I Singapore and I I companies I I I
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  • REGIONAL news
    • Article, Illustration
      Lock icon S'pore investors consider buying M'sian malls
      363 10 KUALA LUMPUR Main targets are complexes in large cities in West Coast SINGAPORE investors, who are unable to boost investment in shopping complexes and retail outlets within the republic because of space constraints, are weighing the option of putting their money in malls in
      AFP  -  363 words
    • Article
      Lock icon Petrol pump curfews loom for Thailand
      365 10 BANGKOK Govt proposal to lower oil consumption as prices soar IN a radical move to ease oil price pressures, Thailand is considering imposing curfews at petrol stations which, except for those on highways, will close at 10pm in an effort to lower petrol consumption.
      365 words
    • NOTE Book
      • Article
        Lock icon Bandar Raya revives KL project
        54 10 Bloomberg [KUALA LUMPUR] Bandar Raya Developments Bhd will revive a 1.2 billion Malaysian ringgit (***** million) commercial project in Kuala Lumpur, after the Asian financial crisis stalled it, as the recovery lifts demand. Its project on a 15-acre site, will add 3.8 million sq ft
        Bloomberg  -  54 words
      • Article
        Lock icon EPF to help KL flood control
        54 10 Reuters [KUALA LUMPUR] Malaysia's pension fund, the Employees Provident Fund (EPF), will provide a RMI.3 billion (SssB2 million) loan to build a flood control system in the capital. MMC and Gamuda Bhd equally own Syarikat Mengurus Air Banjir Terowong Sdn Bhd, which was awarded
        Reuters  -  54 words
      • Article
        Lock icon HK execs charged in share scam
        61 10 AP [HONG KONG] Hong Kong anti-graft officials charged four executives yesterday with bribery and fraud in an apparent plot to manipulate share prices. The suspects including two staffers of investment banks ING and ÜBS are to appear today in court, over alleged bribery of
        AP  -  61 words
      • Article
        Lock icon HSBC warns of HK property flood
        111 10 [HONG KONG] In a report on the Hong Kong property market, HSBC predicts that new supply of flats in 2007 may be four times that predicted by the government, the South China Morning Post reported yesterday. More than 26,000 private flats could be available
        111 words
      • Article
        Lock icon PetroVietnam's No 2 arrested
        54 10 AP [HANOI] Vietnamese police arrested the deputy general director of the state-owned oil and gas giant PetroVietnam for alleged corruption, including the creation of bogus documents on equipment purchases, state media reported yesterday. Nguyen Quang Thuong, 50, was arrested on Tuesday after a probe by the
        AP  -  54 words
      • Article
        Lock icon China says Q2 growth to keep pace
        77 10 Bloomberg [BEIJING] China's government said the economy will grow in the second quarter at a "similar" pace to the 9.8 per cent rate recorded in Ql. Growth will exceed 9 per cent for the first six months before easing in H2, the Ministry
        Bloomberg  -  77 words
    • Article
      Lock icon S'pore casino plan may hurt earnings: Genting
      397 11 GAMING VENTURES Its casino unit may want to invest in the S'pore casino project if allowed Bloomberg [KUALA LUMPUR] Genting Bhd, owner of Asia's biggest publicly traded casino, said a plan by the Singapore government to set up a casino in the city
      Bloomberg  -  397 words
    • Article
      Lock icon Foreign investors plan Pattaya horse race track
      325 11 [BANGKOK] A group of foreign investors led by a former British ambassador to Thailand is looking to develop a US$lOO million international horse racing track and sporting facility in Pattaya, the Bangkok Post reported on Monday. Derek Tonkin, now a senior adviser to
      325 words
    • Article, Illustration
      Lock icon Philippines' online cockfight betting plan
      312 11 Bloomberg [MANILA] A Philippine Internet-service provider said it is proposing what may be the first online betting for cockfights, aiming to draw some of the thousands of dollars that change hands during contests, into a central system. Philweb Corp wants to cash in on the
      Bloomberg; FILE PHOTO  -  312 words
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      336 10 »*5 _j4gSHpr-' n > inams^aK^.v feVOM^^MU "V -|f 11 a EI4 roy I&im. |k «k» B> *k m"m v A hk tßs'* IMI HI m K 1 fc iPW 1 i] M m 1 -r **S3 b «SO5 THAI'S BUSINESS CLASS SPECIALS MAY 2004 SMjWIW HONGKONG CHENGDU GUANGZHOU KUNMING $549
      336 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Opec needs help to cool oil prices
      786 12  -  THE bottom line OPINION g panicker OIL producers face a formidable task of convincing markets that they can still have an upper hand in this tight oil market The Organisation of Petroleum Exporting Countries (Opec) should signal that more oil in quantities enough
      786 words
    • Article
      Lock icon IN OTHER WORDS
      68 12 'I'm warning you that the world power that loses its manufacturing capacity no longer is a world power.' Ernest Hollings US senator, who is against the tide of trade liberalisation. 'The future isn't bright, and the solution isn't visible. Hope has diminished, especially among businesspeople. They are
      68 words
    • Article
      Lock icon Tremors in Saudi Arabia
      651 12 EDITORIAL SAUDI Arabian authorities have crushed the latest eruption from AlQaeda operatives but only the most optimistic will believe the situation has been brought completely under control If anything, there is a clear method to the madness: AlQaeda wants to strike at the heart of the
      651 words
    • Article, Illustration
      Lock icon Hedge funds need to boost transparency
      1076 12  -  Greater disclosure is essential to stave off potential risks to the financial system from an industry that is booming in most places, including Asia From Neil Behrmann in London SUCH has been the explosion of a global hedge fund industry that now manages more
      AFP  -  1,076 words
    • Article
      Lock icon China an X factor in world economy
      787 12  -  COMMENTARY Its speed of growth can multiply gains, losses, threats, opportunities By Robert Samuelson The Washington Post Writers Group THE question about China's economy is no longer what it will do to China but what it will do to the rest of the
      The Washington Post Writers Group  -  787 words
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      441 13 Only a great partner rewards you with experiences that drive you forward Experience the unrivaled advantage of a CitiGold partnership Map UP*' 1 At CitiGold, we are committed to being your financial partner. <1 3 \j ffli .Jlft. Your CitiGold experience starts with having your own designated Relationship II mm
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  • REGION world
    • Article
      Lock icon HK, China provinces form bloc
      431 14 HONG KONG It will vie with Shanghai and Asian countries for investment, trade HONG Kong, Macau and nine Chinese provinces, which have a combined population rivaling the European Union, formed an economic bloc this week to compete with Shanghai and Asian countries for investment and
      431 words
    • Article, Illustration
      Lock icon India cuts airport foreign investment limit
      398 14 NEW DELHI Airports' overseas ownership cut to 49% from 74% AFP, Bloomberg INDIA'S new left-leaning government will slash the level of foreign investment allowed in its two main airports from 74 per cent to 49 per cent. Praful Patel, the aviation minister, who announced
      AFP,; Bloomberg; REUTERS  -  398 words
    • Article
      Lock icon IPOs are scrapped or pared as investors lose appetite
      543 14 LONDON Bloomberg INVESTORS are shying away from IPOs after a year-long stock market recovery stalled. Companies such as Genworth Financial, General Electric Co's insurance unit, had to reduce or delay share sales. Demand is flagging as companies including Deutsche Postbank, the
      Bloomberg  -  543 words
    • WORLD Watch
      • Article
        Lock icon CEOs in US expect hiring increase
        86 14 Reuters [WASHINGTON] A survey of leading US chief executives released yesterday showed 38 per cent expect their companies to add US jobs over the next six months, up from 33 per cent when a similar survey was released in March. The survey conducted by
        Reuters  -  86 words
      • Article, Illustration
        Lock icon Australia's growth at a standstill
        113 14 AP [CANBERRA] Australia's economy has almost ground to a halt this year as a strong Australian dollar and a weak global export market hurt growth, new figures showed yesterday. The surprise Australian Bureau of Statistics results revealed the economy expanded by 0.2 per cent in
        AP; AFP  -  113 words
      • Article
        Lock icon Pimco cleared in market-timing case
        96 14 LAT-WP [NEW YORK] The New Jersey attorney-general on Tuesday dropped charges of improper mutual fund trading against Newport Beach, California-based bond fund giant Pimco, while the company's sister firm PEA Capital agreed to pay US$lB million to settle similar charges involving stock fluids. The New
        LAT-WP  -  96 words
      • Article
        Lock icon Argentina's new offer to creditors
        96 14 AP [BUENOS AIRES] Argentina's government on Tuesday announced a new offer to restructure US$lOO billion of the country's debt, hoping to regain access to international credit markets. Among the proposals by Economy Minister Roberto Lavagna was an offer to include billions of dollars in interest
        AP  -  96 words
      • Article
        Lock icon HSBC dampens hopes of US deal
        75 14 Reuters [LONDON] HSBC Holdings dampened expectations of a major US deal yesterday, saying its focus was on developing recently acquired businesses. "The emphasis very much at the moment is on developing what we've got," finance director Douglas Flint told analysts. Recent market speculation has
        Reuters  -  75 words
  • Article
    Lock icon COMMODITIES
    1384 14 SICOM FUTURES Junl RUBBER Futures(Closing prices) RSS1 (Scents/kg) Close VoitMW Open Month H|i>- Low Sett (tonnes) Interest Jul 04 ***** Aug 04 ***** Sep 04 233.00 Oct/Dec 04 ***** Jan/Mar 05 233.50 Apr/Jun 05 236.50 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest JuTO4 *****0
    1,384 words
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  • WORLD news
    • Article
      Lock icon Visa delays cost US companies US$30b: report
      453 15 WASHINGTON Businesses report revenue loss from visa curbs imposed after Sept 11,2001 Bloomberg US companies lost more than US$3O billion since July 2002 because of government delays granting visas to business travellers from other countries, a study sponsored by eight trade associations found.
      Bloomberg  -  453 words
    • Article
      Lock icon Accenture is top contractor for US border checks
      441 15 WASHINGTON It will lead project to track foreign visitors to US NYT CONSULTING giant Accenture LLP was on Tuesday named the lead contractor for a massive federal project to track hundreds of millions of foreign visitors as they enter and leave the
      NYT  -  441 words
    • Article, Illustration
      Lock icon Viacom president ends 4-year battle with CEO and quits
      576 15 HOLLYWOOD LAT-WP AN uneasy alliance between two of the US entertainment industry's most powerful and willful executives ruptured Tuesday when Viacom Inc president Mel Karmazin resigned. His relationship with chief executive Sumner Redstone had been strained since their companies merged four
      LAT-WP; AP/BLOOMBERG  -  576 words
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      321 15 Tn aHwtfoe call toll-free 1800 289 8822 Email: notices@sph com.sg In The Matter Of The Companies Act, Cap. 50 And In The Matter Of (1) TRU-TECH ELECTRONICS PTE LTD (2) NAS-TRANSTECH TECHNOLOGY PTE LTD Notice of Creditors' Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is
      321 words
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      358 15 IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF KHOO TAN (PRIVATE) LIMITED (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 80 Marine Parade Road #05-12 Singapore *****9 on Friday 28th May 2004 at 10.30 am, the following Resolutions
      358 words
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      513 15 Ajk* Midas Holdings Limited W Iv (Incorporated in the Republic of Singapore) Registration No. *****9758W NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at M Hotel Singapore, Function Room B Level 2,81 Anson Road Singapore *****8 on 28 June 2004 at 10:30 a.m.
      513 words
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      Lock icon Page 15 Advertisements Column 4
      480 15 Notices IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF EFFICIENT NETWORKS ASIA PTE LTD (In Members' Voluntary Liquidation) SPECIAL RESOLUTIONS Al an Extraordinary General Meeting held at Prinses Beatrixlann 26 The Hague The Netherlands on the 31 May 2004. the following resolutions were passed:
      480 words
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      349 15 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 VOPAK GAS TANKERS ONE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 460 Alexandra Road. #32-03 PSA Building, Singapore *****3, on 28 May 2004, the following resolutions were duly passed: 1.
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      349 15 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 VOPAK GAS TANKERS TWO PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 460 Alexandra Road, #32-03 PSA Building, Singapore *****3, on 28 May 2004, the following resolutions were duly passed: 1.
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      350 15 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 VOPAK GAS TANKERS SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 460 Alexandra Road, #32-03 PSA Building, Singapore *****3, on 28 May 2004, the following resolutions were duly passed: 1.
      350 words
  • Page 15 Miscellaneous
    • Miscellaneous
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      196 15 CRYPTIC CROSSWORD for a decade (8) 27 0386 6 YESTERDAY'S SOLUTION P > 8 Pitched into crooked trader Acr088: 1 p OS mo rtem, 6 Etch, 9 DOWN A Parasol, 10 Ovaries, 12 Kangaroo 13 Woman allowed French aunt rt 14 15 Liaament 17 1 Egghead alleys wrongly to be
      196 words
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  • Article
    Lock icon KLSE
    2209 16 Transaction date.Jun 2 KUALA LUMPUR GeneralScI 1.26 unch 0 y 0 j Genting 14.90 -0.60 325 RM C000) George Kent 0.80 unch 132 Globetronics Tech 0.54 0.01 749 A&M Realty 1.37 -0.01 9 2A 0< 2 31 Abfic 061 -0 02 169 Gold Bridge Engrg 0.40 unch 159 ACP
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    Lock icon STOCKS ASIA
    4582 16 Transaction date: Jun 2 HONGKONG Vol HK Exchanges A Clearing..16.10 0.05 2S00 HKS '000 HKRInfl .2.28 unch 1283 Hong Kong Electric 33.60 0.40 2516 Aeon Credit 4.68 unch 0 Hongkong Chinese 1.01 0.01 128 Aeon Stores .5.65 -0.05 32 Hongkong Chinese Ltd 1.01 0.01 128 Alpha General 034
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      21 16 I (C^ff erin g Childcare 1 V3^services? t I Call our C.A.T.S. hotline at S, 1800-289-9988 and our friendly c.a.t.s. sale^ersonne^il^erve^ou^^B^itSdutFindit^J^^^^^^^^^l^^^^^^^^^
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  • BizIT
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      Lock icon Digital cinema to help GDC Tech grow in Asia
      570 16  -  It has strong market share, is looking to China, India for growth By Amit Roy Choudhury WITH digital cinema set to take off this year in Asia, at least one homegrown company is set to take advantage of it. GDC Technology,
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      Lock icon Sun, Fujitsu tie up for new systems
      278 16 Bloomberg [MENLO PARK, California] Sun Microsystems Inc is teaming up with longtime partners Fujitsu Ltd and Siemens to jointly develop the next generation of Sun systems. Seeking to dispel questions over the viability of its often go-it-alone tech strategy, Sun said the three
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      Lock icon ASE sees US$165m from acquisition
      176 16 Bloomberg [TAIPEI] Advanced Semiconductor Engineering Inc (ASE), the world's No 2 chip packager, said it expects US$l65 million in sales during the next 12 months from its purchase of an NEC Electronics Corp unit. ASE completed the purchase of NEC's IC packaging and testing division,
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      Lock icon Laser printers, all-in-one devices ready to ride boom
      675 17  -  A tug of war is on the cards in laser printers and inkjet all-in-ones, especially with Dell coming onto the scene. Raju Chellam reports Raju Chellam AFTER personal computers and inkjet printers, it is now the turn of laser printers and all-in-one
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      Lock icon Canada to bring games to ConununicAsia
      214 17  -  39 Canada-based firms are slated to participate By Amit Roy Chondhury THE highlight of Canada's participation at this year's CommunicAsia will be the Canada-Singapore Gaming Challenge. Steven Gawreletz, senior trade commissioner and counsellor (commercial) of the Canadian High Commission in Singapore, said game players
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      Lock icon Sony to stop new Clie sales outside Japan
      253 17 Reuters [NEW YORK/TOKYO] Sony Corp said it will stop selling new PDAs outside of Japan this year, exiting a declining market and striking a blow to Palm Source Inc, whose software powers the devices. The move would decrease the number of new
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      Lock icon Rollins to take over as CEO of Dell
      334 17 NEXT month, Kevin Rollins, 51, currently president of Dell Inc, will succeed Michael Dell as CEO; Mr Dell will remain chairman. "We've run the company together as a team for the last 10 years," Mr Dell told a media briefing in Penang
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      385 17 BACKUP EXEC 9.1 FOR WINDOWS Backup Exec 9.1 for Windows Servers Backup Exec™ 9.1 for Windows Servers release (List Price: 551,616) Simple, yet Empowering New Features Bach|lp ExKWlndowt >anced open Flle Optloll Comprehensive, cost effective and certified (u s t Price: 551,819) B protection for Microsoft Windows server environments. ANY
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      189 18 Tl>e Relentless Pursuit Of Perfection i ,?W 1 |C VvwF DH B I I IB I ALE I B J| 1 JBS- P^ v i"> j :f. v i h '.t 4s v s,:/^,, f .»»^,v*n.<f'■■ i■ MjPJI- c^^l'a^il^it^a'Aii^^^jiiij^fei^^^TVftg#^:; _t> -i„.f Ini'" &'s■ .tjte&jff^f Your time is precious. You crave
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  • SHIPPING TIMES
    • Article, Illustration
      Lock icon IMO panel stresses seafarers' rights
      494 19  -  It okays guidelines on control and compliance steps under ISPS Code By Donald Urquhart [SINGAPORE] Maritime security issues topped the agenda at recent International Maritime Organisation's (IMO) safety committee meetings as ISPS Code implementation nears, with the rights of seafarers to shore leave among the
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      294 19 SGX 000 Junl SS W- Vol CH Offshore 0.36 -001 147 ChuanHup 0.49 0.01 361 Cosco Investment 0.76 -0.02 2999 CWT Distribution 0 48 unch 0 Ezra Hldgs .0.97 -0.01 112 Freight Links .0.10 -0.01 565 GB Holdings 0.82 0.01 123 Java Holdings 0.81 -0.01 1794 K1 Venture
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    • Article
      Lock icon Singapore mission to market maritime wares at Posidonia
      392 19  -  By George Joseph [SINGAPORE] A Singapore maritime industry group wiU for the first time participate in the world's largest shipping meet, the Posidonia at Piraeus in Greece. The Maritime and Port Authority of Singapore (MPA) and the Association of Singapore Marine Industries
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      Lock icon Container classification leader GL boosts China network
      659 20  -  NEWBUILDS By David Hughes THE container ship orders keep coming in though, as this week's list shows, delivery dates are getting further ahead. Delivery dates do not matter so much to classification societies but, as competitive organisations, market share does. Last week, Hamburg-based
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      Lock icon SHIPPING SCHEDULES INDEX
      105 20 PAGE 1 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
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        514 24 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CAPE CHARLES LB059 J15/16 A/SIDE 03/06 0430 CECM FLOWER 015 J8 A/SIDE 03/06 1030 CITRA ABADI JB4601 J6 A/SIDE 03/06 0600 DALMAJI 1 J10/11 A/SIDE 03/06 1100 GLORY-SUMMIT 14 J5 A/SIDE 03/06 2100 SHENGHO 0106 J23 A/SIDE 03/06 2000
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        Lock icon CONTAINER SCHEDULES
        1848 24 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX ULAC Q66S 066S 1 06^)6/*****5 00 07/06/2004-07 00 ACX MARGUERI 031N 031N 1 05/06/2004 15:00 06/*****443:00 ACX SWAN 101N 101N 1 05/06/2004-15:00 06/06/2004-01:00 AX SOY TRUVA 0419 0418 1
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        Lock icon GLOBAL HOLIDAYS
        137 24 Jon 6 S.Korea: Memorial Day. Jon 7 NZ: Queen's Birthday. Jan 12 Philippines: Independence Day. Jan 14 Australia: Queen's Birthday. Jan 19 Sweden: Mid Summer Day. Jun 22 HK: Tuen Ng Festival. Taiwan: Dragon Boat Festival. Jul 1 Canada: Canada Day. HK: HK Spe Adminis. Jul 4 USA:
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      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        799 24 THIS report, compiled by Cockett Ma rine 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
        799 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        598 24 180 Mai 989.6 0.6 M2 0.06 46 0.04 Z7 Density Water iwjfct AshAluminlum Sediment No above E25 0 0 0 0 0 0 380 Ave 986.8 0.2 13.6 0.04 30 0.02 u/v ulu 380 Max 993.2 0.7 17.7 0.07 68 0.07 3 No above G35 4
        598 words
    • AIR & LAND transport
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        Lock icon First of its kind
        52 25 [SOELLINGEN, Germany] A pilot prepares to fly a plane built by Austrian constructor Diamond Aircraft at the Karlsruhe/Baden-Baden airport in the southern town of Soellingen. According to the company, the aircraft of the type DA42 Twin Star is the world'sfirst diesel twin-engine under2,ooo kg to be
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        Lock icon Bombardier to decide on new 110-seat jet early next year
        528 25 But doubts remain about prospects for planned airliner [MONTREAL] Bombardier Inc expects to decide by early next year whether to build a new 110-seat jet, a high-cost project that would differ from the company's history of acquiring assets cheap and
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      • LOG Book
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          Lock icon Fraport upbeat on business this year
          167 25 Bloomberg [FRANKFURT] Fraport AG, the owner of the Frankfurt airport, said it's "optimistic" about business this year after passenger traffic in May increased 11 per cent. "Frankfurt's sustainable growth trend is being even more strongly felt at the group's other airports," said chief executive
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        • Article
          Lock icon Paris airport to transfer flights
          91 25 AFP [PARIS] The Paris airport authority said on Monday that it would divert only about 15 flights daily to the city's Orly airport from Charles de Gaulle airport, where a partly collapsed terminal has cut passenger handling capacity by 15 per cent. The terminal's departure
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          Lock icon Brazil's budget airline Gol plans IPO
          127 25 Reuters [SAO PAULO, Brazil] Brazilian budget airline Gol Linhas Aereas Inteligentes SA said on Tuesday that it planned to sell up to US$3O5 million in shares this month in an initial public offer to fund expansion of its fleet. Gol, which shook up the
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        Lock icon Air NZ to add China, India with fleet boost
        592 25 It will acquire 10 Boeing planes for route expansion, fuel cost cuts Bloomberg [WELLINGTON] Air New Zealand will buy six Boeing Co aircraft and lease four more at a cost of more than NZ$l.35 billion (551.44 billion), seeking to cut fuel
        Bloomberg; AFP  -  592 words
      • Article
        Lock icon Air Canada to cut 250 jobs, further reduce CEO's pay
        208 25 Bloomberg [TORONTO] Air Canada, the country's largest airline, will cut 250 non-union jobs and reduce chief executive officer Robert Milton's salary by an additional 5 per cent, according to a bulletin posted on an internal website. In a letter sent
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      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2061 25 CJTY FUGHT ET* FLIGHT HO EK430 2005 «MM LH9771 1640 6*7362 2215 Frwkhrt ****** 0630 LH9765 1345 S0230 1840 0F82 2215 LH9762 0630 S0326 1345 luutmtm KL837 1450 6*974 0130 S025 0630 8*7305 2255 KL838 LH778 1555 LX4381 2255 S024 2345 N***** 1555 0F5 2255 rnrr-
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  • Page 19 Advertisements
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      64 19 SEA CHANGE >r x or-^Mpr,.. A seven-page focus on Posidonia 2004, shipping's biggest event I f ■oyia WffmlWk gyypg V SATS and SIAEC provide airlines with a comprehensive and customised service A, t~T*l T1 rmw, ImmJ package, including apron and baggage handling, cargo handling, passenger X~VUI3 LA iCill services, catering
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      9 19 Air NZ to add China, India with fleet boost
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      656 20 I IMPORT I NORTH AMERICA 11 AUSTRALIA/NEW ZEALAND I IBUPER SHUTTLE EXPRESS ISSX) I [AUSTRALIA ASIA EXPRESS (AAX) 1 vtSSQ VOY RNE SYD MB ADL FRE "si" KG PtO NEDUOYD HOUTMAN 22W20 19/05 06/06 08/06 Ql/M M/M M /M PtO NEDUOYD KOK 39W21 26/05 13/06 15/06 mRH OAUT 31/05 07/06
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      536 20 Lines services represented by k j ,«Kf| Accredited Shipping Ag»*. *"<*»" L ,,Cs Sinqopore Shipping Association ssocio ion ULY UNE MAU f VESSEL VOY ETA ETA ETA A P. KIANC SPORE 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
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      655 21 MOl Combines —7——^^ r a range of shipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Abo acctpt hrtre-Aski Cargoes to: SUSAN KWANGYANG SHANGHAI YANTIAN/ XIAMBt QMGDAO lEIAWAN,/ JAKARTA SURABAYA Koi&yiEyiSliGSfc jBrSiX»AIiG ifoCWiMWI P»S« GUPANG PAAMG POKT KHAIIG For Schedules, BL
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      1338 21 GENERAL AGENTS IN SINGAPORE: It RAFFLES QUAY #3641 SAI£S/ BKGS 751 **********3 MX 6238 5321/24 rnQTAR CHIPPING PTF LTD HONG LfONG BUILDING OUTWARD(B/q *****802 *****325/75 SS SINGAPORE *****1 INWARD(D/0) *****786 *****319/49 CRNO *****0000 M TtL 6226 1900 (MAIN) T/SHIPDEP *****825 *****316/46 JOHOR'S OFFICE: CONVENTIONAL 6420 5850 6226 2208 COSTAR AGENCIES
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      704 22 enCI Hi! A O ENQUIRIES/BOOKINGS: *****344 FAX: *"*^3 «»m »g D C LIW A 5 DOCUMENTATIONS/OPERATIONS: «33#3®37 FAX: 8338 tmmuMttwmum mcomumiwmnm^kmu^BMon~ VESSEL VOY SINGAPORE POtT UttA l l iimwi'l owl """yy 0 1— co yO Y Hyundai Übwtv 322W 07/06 08/06 23/06 UZOZ [Jjg M 05/5Z_ Hyundai Ft Jot 320W
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      545 22 WXWAN HAI LINES V Tel: *****588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: f Iv r I lL: t&t* EUROPE^ ROTTERDAM HAMBURG ANTWERP CALLING SIN EVERY Saturday For more details, I call HOTLINE: 6226 1588 1800-*****00 —v- NOffTRANS SHIPPING AGENCIES AA A# f J KIR A IVI C 29
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      727 22 BSA il MYANMA BR FIVE STAR LINE (Myanmor Notional Line) Loading for Yongon VESSEL VOY SIN PKL PEN PGU PAGAN 328W SU> HPA-AN 320W SLD SLO IN MAUTSIA: IOUSTEAO SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL CSO VESSEL VOY HKG SIN PGU PU KUC ASIAN COSMOS IS
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      1456 23 I VESSEL VOY SIN PKI 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 PCL 8035 20/06 21/06 30/06 01/07 08/07 10/07 12/07 14/07 IRAN SATTARI PCL 8036
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      490 23 UK CONTINENT SERVICE Loading for KEELUNG RTM/ATW/BMN/UK/NAN Loads Singapore, EVW. Malaysa, Indonesia MIDDLE-EAST SERVICE Loading for PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT ADN/HDD/JDH/AQA PLAMER DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, EVW Malaysia, Indonesia USA SERVICE Loading for SPLIT CAM/NOITNFK/SAV/TPC SIFNOS BAY CAM/NOL/NFK/SAV/TPC TAUROA POINT VCW/LAX/MZL 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore Loading
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      658 23 VKStI VOY SIN POU *01 SIM JKI PACIANOA UMN 02/06 03/06 MATARAM EXP Ml 01/06 03/06 PAC »*HP* V223N 03/06 04/06 PAC UNTAH J2H M/fift Oft/Oft PAC »ANPA 1224N 05/06 06/06 ALAMJAYA B&SS 06/06 M/ifc PAC lANOA 1225!! 07/06 07/06 MATARAM EXP 3009 15/06 17/06 J p*c ianda i2M u/2*
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  • Page 24 Miscellaneous
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      112 24 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Fiill circle w/o line indicates calm or light and variable winds Rain One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots Hazy -One solid triangle represents 50 knots D Centre of Tropical Depression,max wind
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      268 25 FUEL ADDITIONAL SOUTH INDIA SECTORS The following feeder operators wish to inform the trade that, with the current increase in bunker prices, they have no alternative but to implement a Fuel Additional (FA) to recover the additional costs. The Fuel Additional shall be applicable for all inbound and outbound SOC
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      746 26 RIGHT ON COURSE FOR MARITIME While Singapore has grown into a premier hub port, t W I't I I L the journey towards excellence continues with unrelenting passion and steadfast commitment. As s j a is now regarded the epicentre of international maritime trade with exceptional growth and consolidation recorded
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      72 27 development of ideas ©rtP-EI Connect with Singapore's Maritime Industry Singapore Maritime Foundation we are a private sector-led organisation that works with different sectors of the maritime industry and relevant government agencies to develop and promote Singapore as an international maritime centre. Welcome to the international maritime community in Singapore. Our
      72 words
  • POSIDONIA 2004
    • Article, Illustration
      Lock icon Greeks know it better
      877 27  -  Greek owners are not abandoning the sea, they are only selling ships while the prices are high, DAVID HUGHES argues DAVID HUGHES A NEW myth appears to be growing about Greek shipowners: that they are getting out of the shipowning business. The new regulated global industry,
      AFP, ABS  -  877 words
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      Lock icon Secured ports, skilled workers
      1014 28 Singapore, lauded by IMO for its ISPS readiness, is also determined to become a centre for maritime studies and R&D SINGAPORE has taken one of the most proactive stances on the International Ship and Port Facility Security (ISPS) Code. Efforts are focused on getting shipowners to
      ARTHUR LEE  -  1,014 words
    • Article, Illustration
      Lock icon S'pore as a shipping hub
      1375 29 Republic broadening the breadth and depth of services to meet the needs of international maritime community [SINGAPORE] Many shipping vessels outline the seascape of modern day Singapore. The coast is dotted with numerous shipyards, container terminals, jetties that lead to the world's third largest oil
      FILE PHOTO  -  1,375 words
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      Lock icon Greek owners on the crest of a wave
      779 30  -  Greek shipping is not just about magnitude but fair play, says DAVID HUGHES DAVID HUGHES GREEK owners can be forgiven for being upbeat right now. Not only are the markets rewarding them for weathering the lean years but the country's shipping community
      779 words
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      Lock icon Selling Singapore's wares
      793 31  -  MPA leads Posidonia mission to boost the market profile of Singapore as an International Maritime Centre, reports DAVID HUGHES DAVID HUGHES SINGAPORE is pulling out all the stops to be noticed at this year's Posidonia Exhibition in Piraeus, Greece. Going to Posidonia marks a further stage in
      FILE PHOTOS  -  793 words
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      Lock icon Sea change
      791 32  -  By DAVID HUGHES Tanker earnings are also at very high levels. For example, VLCC owner Knightsbridge Tankers has reported 1Q 2004 average daily time charter equivalents earned by its five ships as being U5586,185, up from U5559,688 in the preceding quarter. Specialist sectors such as chemicals, parcel, LPG
      791 words
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      311 28 When it comes to education, training, consultancy and management services in the maritime industry, STET is the word. Our credentials speak for our solid reputation. In January this year, STET was appointed to approve Ship Security Plans under the new International Ship and Port Facility (ISPS) Code for the Panama
      311 words
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      68 29 r first for customers first for quality secure and steadfast X Let us j prove \y our value tO yOUr manage SHIPS Deliver Results venture. D T Build Trust We know what it takes to succeed. Neptune Shipmanagement Services (Pte) Ltd -al&kWkiS&> 456 Alexandra Road, NOL Building, #07-00, Singapore *****2
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      44 29 m JUB JOSEPH TAN JUDE BENNY ADVOCATES 8. SOUCTTOtt The Shipping Specialist In Singapore. Anywhere in the world. Mam Offko 5, Shenton #35 01 UIC Building S'pore *****8 Tel (65) 6220 9388 Fax: (65) b225 7827 24-hour hotline. (65) 0759 3856 Email: jtjbsfe'sinynet.com.sq www.jtjb.com
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      186 30 m ■I. BSkfif s l ''C'-~ I Or; «3*?sV" r. r connection. Anytime, anywhere. .'V "ySJ?!>-.l -J* 3fc, 4 iw J- ,> Set sail with the new wave in maritime communications Fleet 77 from SingTel. Fleet 77 offers you superior voice, fax and data communications globally. Being IP-enabled, Fleet 77
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      180 31 wPif'WT f nf/l IHtili I II lil jfl j ffi 111 111 Ip L* ill l iUMi 181 lulls m BB HUH p«~ I ■If B H HM| mm ky BIH n W f bb lff 111 f-liii in AM K f mm 1 SKI IIH SKl.| Jj','« TSBB IBT
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      103 32 Editor: George Joseph Supplements Editor: Elaine Kon Sub-editor: PK Suresh Artist: Sarah Loyola (covet desgn) 18th Asian Freight Supply Chain Awards FEEL THE WARMTH OF THE WORLD'S (Formerly known as As,an Freight .ndustry Awards) BUSIEST PORT. AND WE'RE NOT TALKING Best Seaport Asia about the weather. The Port of Singapore
      103 words