The Business Times, 10 June 2004

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Total Pages: 24
1 24 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Internet: http://business-times.asial.com.sg SINGAPORE THURSDAY, JUNE 10, 2004
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  • 704 1  -  BT exclusive DBS to launch 2nd Islamic fund in M'sia while a rival plans fond for rich By Siow Li Sen [SINGAPORE] Local banks are making a push into Islamic finance in the region, but they are not targeting the Singapore market,
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  • 77 1 STI 1,820.12 (-0.02) ST INDEX FUTURES 1,826.00 (unch) SIMSCI 222.18 (+0.38) SIMSCI FUTURES 223.20 (+0.40) Wednesday Change KLSE COMP 818.40 +1.01 NIKKEI 225 11,449.74 -72.19 HANG SENG -4.22 SET INDEX 611.61 +0.15 JAKARTA COMP _709.75 +6.17 MANILA COMP _1.543.40 2.23 TAIPEI WPI _5.965.70 -21.06 SEOUL COMP 794.53 -14.78 SHENZHEN
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  • 73 1 FOREX RATES US$ S$ IjSS (SSperlJSS) 1.703 Sfl'SS/SS per S) 1.8:17 3.128 El'R()(rSS/SS/E). 1 222 2.082 YEN 108.7 63.80 RM 3.800 2.231 HKS 7.795 4.577 BAHT 40.54 23.80 RIPIAH 9,280 5.449 RENMINBI 8.277 4.860 INDIAN RUPEE 44.98 26.41 AS 1.434 0.842 NZS 1.605 0.942 PRIME RATES SINGAPORE 5.25 MALAYSIA
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  • 567 1  -  Rising interest rates threaten finances of indebted government From Anthony Rowley in Tokyo JAPANESE government bond prices plunged yesterday after revised data showed that the nation's economic growth was revised lip to 1.5 per cent in real terms for the first
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  • 774 1  -  By Angela Tan [SINGAPORE] Speculators jostled yesterday to get a bite of United Industrial Corp (UIC) and Singapore Land, driven by talk that UIC may privatise SingLand with an offer of up to $650 million to minority shareholders. The two property
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  • Page 1 Advertisements
    • 2 1 8II!!! 11l
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    • 64 1 The legend reveals another dimension j J™ m j Reverso The revolves majestically to reveal unique dual personality. On one side, the large date and 8-day power-reserve. The sapphire crystal, displays the r~*---Tta| complicated mechanical movement, Jaeger-LeCoultre calibre 875 that the <Jaeger-leCqultrp» For your free copy of The Manufacture's Book
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    • 19 1 INSIDE PROPERTY Top choices of foreign property buyers Pg9 Hotel Royal's Lee family buys The Globe office tower Pg9
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  • NEXT page
    • ON THE grapevine
      • 118 2 IT'S good to know local restaurants are equipped to tackle unforeseen circumstances. At a corporate lunch yesterday at an elegant French restaurant in the Shenton Way area, an unexpected visitor interrupted what was a stunning meal. A fly took a liking to our table and quietly
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      • 100 2 SMELLY dung has become a scare resource for farmers using marsh gas to cook in rural China. In Zhoutou Village, Jiangxi Province, villagers are having to wake up earlier and earlier to get their hands on the manure of cows, pigs, dogs, roosters, geese and other
        100 words
      • 82 2 A LONDON resident has offered to sell his vote in the coming local and European elections to the highest bidder on Internet auction site eßay. With the starting bid set at 99 pence, eßay shoppers were offered the chance to choose who the unidentified Briton will
        82 words
    • 481 2  -  By Raju Chellam [SINGAPORE] US giant Hewlett-Packard Company is set to recruit about 5,000 more people worldwide next year to keep up with the soaring demand for computers and consumer electronics, the company's chairman and chief executive
      481 words
    • 40 2 IN yesterday's Trades to Watch column, we erred in saying that Raffles LaSalle's independent director Henry Tan is also the non-execu-tive chairman of Accord Customer Care Solutions. They are not the same person. We are sorry for the error.
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    • 447 2  -  Govt agencies now form a smaller portion of issuers of local currency debt By Joyce Koh [SINGAPORE] The Monetary Authority of Singapore yesterday said the corporate debt market enjoyed a healthy 16 per cent growth as the total amount of outstanding debt
      447 words
    • 597 2  -  By Daniel Buenas [SINGAPORE] Most expatriates at large MNCs here aren't happy about switching to local pay and conditions, even though this is often in line with business needs and reducing costs, a survey by PricewaterhouseCoopers (PWC) has
      Source: PWC  -  597 words
    • 697 2  -  It wants to raise number of tourists from Jiangsu From Lab Hui Yin inSuzhou SINGAPORE'S tourism industry, which counts Chinese visitors as its second largest market, is moving to tap deeper into that source. It intends to leverage on its visibility in the prosperous
      PHOTO: ZAOBAO  -  697 words
  • Page 2 Advertisements
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  • SINGAPORE companies
    • 491 3  -  NTan Corporate Advisory will help group to review strategic options By Kenneth Lim INFORMATICS Holdings has roped in prominent financial veteran Nicky Tan's corporate advisory company to help the group enhance its value for stakeholders. The move came in the wake of a severe blow
      FILE PHOTO  -  491 words
    • 703 3  -  HOCK lock siew siow li sen AS a regional financial centre, Singapore would be well placed to develop Islamic finance. But that seems unlikely, as bankers here prefer to wait for others to take the risks of being creative. It's a pity,
      703 words
    • COMPANYBriefs
      • 76 3 THAI Village Holdings has entered into a unit franchise agreement with Xiamen Hern Cun Seafood Restaurant in which it granted the latter a non-exclusive licence to operate restaurants serving Thai Teochew cuisine under the name of "Thai Village" in Xiamen. The franchise runs for five
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      • 74 3 THE Noble Group has formed a new division for merchandising petrochemicals. The new activity will be led by John Johnson and Gregory Richards, who will open a new office for Noble Americas in Houston, Texas. The two men moved to Noble from Shell Chemicals and
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      • 72 3 KEPPEL Corp is seeking syndicated loans to build a 417-megawatt, gas-fired power plant that will cost Sssoo million, a banker told Reuters yesterday. He declined to disclose the amount of loans Keppel was seeking for the plant, to be located on Jurong Island. The
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    • 525 4  -  Talks preliminary; plans also involve a proposed capital reduction By Vince Chong HUA Kok International (HKI) has become the latest in a line of local big-name contractors in search of a lifeline, announcing yesterday that it is in preliminary talks to sell its business in
      FILE PHOTO  -  525 words
    • 475 4  -  manager wants nod to allow CPF funds to be invested in it By Andrea Tan NINE months on, the market still seems uncertain about Singapore's first offshore real estate investment trust, Fortune Reit, its managers lament. And they are hoping their aim
      Source: Bloomberg  -  475 words
  • Page 3 Advertisements
    • 70 3 In today's competitive business world, the savvy business traveller has to j always stay ahead of the times and make swift decisions from any location. ***** rM With Ml's*>unSurf Mobile service and Vodafone's coverage, you can now access yournfcril or search for information in over 70 countries and territories* with
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  • BLUEchips
    • 1138 4  -  The developer is likely to benefit from an upswing in the Hong Kong commercial market, writes JEAN CHUA JEAN CHUA HONGKONG Land may not immediately come to mind when investors talk about Singaporelisted property stocks, but those who want to benefit from the upswing
      Source: Bloomberg; FILE PHOTO  -  1,138 words
  • Page 4 Advertisements
    • 36 4 |f r MI Insiders' trades. Brokers' recommendations. Dividend table. FH L BUSINESS IM ES ■in U I The pages also cover transactions by directors and substantial shareholders. VlPlBmliB I J mother words, news you can use.
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  • Page 5 Advertisements
    • 269 5 *NIT M L PUBLIC OFFERING MSB mil*-, .A SBKa ''11 r J ii Lifeßrandz Ltd (Incorporated in Singapore on 7 November 2003) Invitation in respect of 132,000,000 New Shares of $0.01 each, comprising:(a) 2,000,000 Offer Shares at $0.20 for each Offer Share by way of public offer; and (b) 130,000,000
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  • SINGAPORE markets
    • Article, Illustration
      490 6  -  Compiled by VEN SREENIVASAN Singapore Press Holdings June 9 dost: $436{ax-a) SPH will acquire all magazine titles owned by Blu Inc Group, including Female, NuYou, Peak and Torque, as well as the whole issued capital of Blu Inc Holdings and certain subsidiaries. The proposed acquisition is not expected
      Source: Bloomberg  -  490 words
    • 283 6  -  HOT STOCK WARRANT The company announced higher than expected Q1 distributable income of HK$41 million last month. By Yen Sreenivasan THE Hong Kong commercial property scene has been enjoying a long-awaited recovery since the second half of last year. And demand for commercial property has
      Source: Bloomberg  -  283 words
    • Article, Illustration
      407 6 OTHER SINGAPORE INDICES Jun 9 VALUE CLOSE BT OB/PS 57.00 +68.00 BTCADI -*****.00 -14.00 BT 10-day HA +6.00 All-SG Equities 486.12 +1.01 SG Equities Elect 163.80 -0.06 SG Equities Fin 1509.71 +0.58 SG Equities Prop 416.05 +6.86 SJMSC1 222.18 +0.38 SiMSCI Futures 223.20 +0.40 Stocks Voh— China Petro 4c 84,627,000
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    • 639 6  -  BT comment STOCKS r. sivanithy IF you weren't invested in any of the stocks in the UOB stable or the latest IPO China Petrotech, you'd have been hard pressed not just to make money, but also pass the time during yesterday's
      639 words
    • 551 6 Reuters [SINGAPORE] The South Korean won led gains in Asian regional currencies yesterday, rising by more than a quarter of a per cent to a six-week high. The South Korean currency touched 1,153.6 to the dollar, a level not seen since April 27, as the
      Reuters; AFP  -  551 words
    • TRADES TO WATCH
      • 95 6 ELECTRONICS Group GP Industries continued to raise its stake in subsidiary CIH on Tuesday with an open-market purchase of 48,000 shares at $2,745 apiece. GP Industries, which controlled 54.62 per cent of electrical installations product supplier CIH at the end of May, now
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      • 89 6 XPRESS Holdings substantial shareholder KK Fong (above) bought another one million shares in the company yesterday, a day after buying the same number of shares. The prices of both openmarket purchases were not disclosed. Mr Fong sold close to 14 million shares in
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      • 51 6 AN alternate director of Singapore Petroleum Company's Indonesian subsidiary, Tan Teck Kwang. exercised 10.000 of the 87.000 share options he owned at 75 cents apiece yesterday. Shares of SPC, the only direct oil play listed on the Singapore Exchange, closed down 2 cents to $2.80
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      • 60 6  -  Compiled by KENNETH LIM RSH chief executive Vinod Kumar Gomber has bought 40,000 shares this week, increasing his holding in the company to 5.412 per cent from 5.41 per cent. He bought the shares at about 58 cents apiece. Shares of RSH were not traded
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  • Page 7 Advertisements
    • 217 7 CQ g WtJitsmßm/AMsi mm f f <#..,* .Vgi':«.->• »N ti iiaMftrtTi .jctmßl -.litf?-/* V C.- ggg| JR <* fig ,V 1 7•' j i; 1 K' ,5 -\'<. *V X i|v V >.. .„.f.'t. i/• 1' -W*' v V. ;.\y V; t*> V \'i .■■v t ,f-.V$ 5f X .ft'
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  • SINGAPORE news
    • 183 8 ALL new and renewal applications for the Home Office Scheme will have their approval period extended from one year to three years, the government said yesterday. The extension, which takes effect today, is aimed at giving more certainty to home office users so they
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    • 562 8  -  STB official says tagline is winning support and being used in products By Vince Chong ALTHOUGH the Uniquely Singapore brand got off to a lukewarm start earlier this year, it must have been music to the ears of those in charge of branding at
      FILE PHOTO  -  562 words
    • 180 8 EYE on the economy coe CERTIFICATE of Entitlement premiums for most vehicle categories remained strong yesterday at the close of the Land Transport Authority's first open bidding exercise for June. COE premiums for Category B (cars above 1,600 cc) showed the greatest increase for the
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    • 328 8  -  MDA, Robert Bosch, MediaCorp Radio to jointly promote DAB By Carolyn Quek TIRED of the hissing, crackling sound from your FM receiver? Here's some good news, with Singapore's plans to push the uptake of the new digital audio technology (DAB) format.
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  • Page 8 Advertisements
    • 361 8 J^^^*hft!|?lli^B^^M^MMM|[^ fc I H '':^^hhhh^, A v H ISBft X 'K \'M a '•S^BofiKSßlfrv ;1b 1; L J jBF I li B lk.l v- 4q^Bl- Wf Wite«Mfe»llPl 4/ j£u<> THAI'S BUSINKSS CLASS SKCIALS MAY 2004 JAKARTA HONGKONG CHENGDU GUANGZHOU KUNMING $549 $1349 $1349 $1349 $1349 XIAMEN BEIJING SHANGHAI PUSAN SEOUL
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  • EXECUTIVE suite
    • 667 9  -  At The Botanic on Lloyd, foreigners bought 6 of the 7 sold in Q1 By Kalpana Rashiwala MARCO Polo Developments' Grange Residences condo, Keppel Land's Urbana in River Valley and Capita Land's The Botanic on Lloyd were among the top choices of foreign property buyers
      FILE PHOTO  -  667 words
    • 408 9  -  Price of $19m is about $485 psf of net lettable area By Andrea Tan THE low-profile Lee family, which controls listed Hotel Royal Ltd, has bought The Globe, a 15-storey office tower in Cecil Street for about $19 million. This works out to
      ARTHUR LEE  -  408 words
    • 435 9  -  H2 may be more exciting, as bigger projects make debut By Vince Chong FOR over six months now, analysts and consultants have bantered over a possible 5-10 per cent rise in property prices before 2004 comes to a close. With just
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  • Page 9 Advertisements
    • 197 9 Where to wine, dine and entertain... A World of Exclusive Privileges Treats Euro-Asian Buffet Special With A Touch Of Vietnamese Cuisine specially prepared by master chefs from Sofitei Plaza Hanoi 10-27 June 2004 Don't miss this excellent opportunity to savour Vietnam's flavoursome cuisine at Cafe Plaza. Monday to Sunday (except
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    • 68 9 vafLFK-^ t a p a t a n d o o r r p p a n SUPRISINGLY INDIAN cpeiat'on hours 1 2 Q 0 h r io 14 30hr* 1 6 00 hi s to 3 00hr s to» Oi'iing !<•! 6 "14 r 44 66 to 11 >
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    • 26 9 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.
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    • 350 9 PACIFIC VIEW Freehold condominium with sea view noar NUS and Science Park TiM—■ 48 a P artm ents shop ~~»-M g. f* for enbloc sale miSJmm trata ft°° r area: 75,950 sq ft te area: 32,239 sq ft Ideal for refurbishment and strata sales Closing: 15 June 2004 (Tuesday) at
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  • EDITORIAL & opinion
    • 799 10  -  THE bottom line OPINION david mason HISTORICALLY, voters in Britain have treated the election of members of the European Parliament (MEPs) as being of little relevance. At the last election, only 26 per cent of the electorate voted, the lowest of all
      799 words
    • 60 10 The site is supposed to be a site of solitude and meditation where you can bring yourself to a point where you and nature become one, and you can't do this if you are ringed by a shopping mall.' Richard Engelhardt Unesco Regional Adviserfor Culture, on the
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    • 683 10 EDITORIAL THE statement by US Federal Reserve Board chairman Alan Greenspan to a monetary conference in London on Tuesday contains the clearest evidence to date that US interest rates have bottomed out. The only issue now is how aggressive, and how long, the tightening cycle
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    • 880 10  -  People often forget Americans' fear of uncontrolled inflation in the 1970s and his role in helping to subdue it By Robert Samuelson IT'S a magnificent irony. Amid all the affection and adulation for Ronald Reagan, one of his greatest achievements stands all but overlooked. He
      AP  -  880 words
    • 868 10  -  COMMENTARY By Andy Mukherjee Bloomberg TWO years ago, Han Duck Soo paid a price for believing in free trade. Dr Han, then a top economic adviser to the South Korean government, quit after local farmers raised a stink about Seoul's promise to Beijing to
      Bloomberg  -  868 words

  • ARTS festival
    • 421 11  -  Geoffrey Eu catches up with the musical minds behind Triology Geoffrey Eu IT'S not often that musicians routinely cross the musical divide during the course of a single performance, switching back and forth between different genres and playing styles with well-practiced ease. Triology, however, is a group that has
      GUNTHER GODERLE  -  421 words
    • 324 11 June 8 and 9 DBS Arts Centre Review by Cheah Ui-Hoon A SILENT Mexican movie and the art of Japanese narration don't sound like entertaining bedfellows, but far from being highbrow, the laugh-out-loud El Automovil Gris was like a breath of fresh air in
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    • 272 11 June 8 Esplanade Theatre Studio Review by Sangeetha Madhavan HOW does the 18-minute Morphia Series compare to a full-scale performance? It is more lovely and yet more tantalising. Taking its name from the Greek god of dreams, Morpheus, one of the most unusual shows ever
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  • Article, Illustration
    1071 11 Transaction date. Jun 9 INTERBANK CROSS RATES AS C$ Rmb Euro HKS Ind Rs Ruplah Yen Won BM WZ$ Pak Rs Peso s$ Rand Sfr NTS Baht Pound USS Australia 0.942 5.771 0.570 5.435 31.359 64.705 0.758 8.047 2.650 1.119 ***** 38.823 1.187 4.613 0.866 23.304 28.263 0.380 0.697
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  • 4508 11 UNIT TRUSTS FUNDS SBSdEqty Dividend Pf 04 (SGO) *****/ S BSel Eqty Dividend Pf 04 (USD) 0.965V AIM Amro Asset Mgt (S'pore) Commonbank Asset Mgt Star Europe Eqty!** 1762/ Com Global Finance Index Fd 0.97V Star Eirope Bond 1.25V Com Global Lifestyle Index fd 1.027/ Star Europe Bal 1.067/ Com
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  • Page 11 Advertisements
    • 32 11 fCyffering childcare services? j Call our C.A.T.S. hotline at 1800-289-9988. Buy it sell it Find it d IPIMCO Global Bond Fund rated 5-star by Mercer Investment Consulting Aihanz (fiT) Dresdner Asset Management
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  • 4563 12 i Transaction date: Jun 9 HONG KONG Vol HK Exchanges SCIearing.15 65 -0.30 2989 HK$ *1- '000 HKR Int'l .2.38 unch 4658 Hong Kong Electric 34.00 -0.20 3326 Aeon Credit 4.60 -0.08 648 Hongkong Chinese 0.98 -0 01 182 Aeon Stores 5.70 0.10 260 Hopewell Holdings 14.25 -0.10
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  • REGIONAL news
    • 456 12 MANILA Asean+3 pledge to cooperate on oil policy to counter price gains Bloomberg CRUDE oil costs may slow economic growth in Asian countries and prompt the region's governments to build a petroleum stockpile to improve security of supply, Philippine Energy
      Bloomberg  -  456 words
    • 254 12 TAIPEI Reuters MONTHLY sales at Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract maker of microchips, surged 29 per cent to a record in May on strong demand for chips used in consumer electronics, but investors are worried about a possible slump
      Reuters  -  254 words
    • NOTEBook
      • 93 12 Bernama [KUALA LUMPUR] In its effort to upgrade the performance of government-linked-companies (GLCs) in order to be more competitive, the government will terminate chief executive officers (CEOs) who have not achieved satisfactory Key Performance Index (KPI), said Second Finance Minister Nor Mohamed Yakcop
        Bernama  -  93 words
      • 86 12 Bloomberg [KUALA LUMPUR] HSBC Holdings pic, Europe's biggest bank by market value, may sell its 14.9 per cent stake in Utama Merchant Bank Bhd to Malaysian Industrial Development Finance Bhd as it focuses its local operations on corporate and consumer banking and Islamic
        Bloomberg  -  86 words
      • 71 12 Bloomberg [CHICAGO] US Treasury Secretary John Snow (above) said the Chicago Mercantile Exchange's agreement to help China develop currency derivatives trading is a "significant milestone" towards a more flexible exchange rate for the yuan. The biggest marketplace for currency-futures contracts on Tuesday signed a memorandum
        Bloomberg  -  71 words
      • 47 12 Bloomberg [JAKARTA] Indonesia's growth in the second quarter may accelerate to more than 4.8 per cent from a year ago, boosted by consumer spending, the central bank said. "Consumption will still be the main driver for the economy," Bank Indonesia said. —Bloomberg
        Bloomberg  -  47 words
      • 78 12 Bloomberg [NEW DELHI] Indian Oil Corp, which controls half of the nation's US$l5 billion-a-year fuel market, said its fourth-quarter profit fell 16 per cent after the government barred the company from raising prices of cooking gas and auto fUels. Net income fell to 18.5 billion
        Bloomberg  -  78 words
    • 456 13 SHANGHAI 24 others also on trial in one of China's worst cases AP IN one of China's biggest ever fraud cases, a former brokerage executive and 24 other people are on trial on the southern island of Hainan for allegedly embezzling 26 billion
      AP  -  456 words
    • 148 13 TAIPEI Bloomberg TAIWAN said it will change leadership of the island's stock exchange and five other state-owned financial institutions in the government's biggest management reshuffle since President Chen Shui-bian was reelected. The Ministry of Finance is recommending Wu Naijen replace Sean Chen as chairman
      Bloomberg  -  148 words
    • 52 13 [BEIJING] Torchbearer Sang Hyun Lee (secondfrom right) carries the Olympic flame through a cloud of confetti during Day Six of the Athens 2004 Olympic Torch Relay. The Olympic Flame is travelling to 34 cities in 27countries en route to the Athens 2004 Olympic
      AFP  -  52 words
    • 302 13 BEIJING Nearly half its life assurance products have unprofitably high guaranteed returns NEARLY half of the life assurance business of Ping An, China's second-largest life assurer, consists of products with unprofitably high guaranteed rates of return, dragging down the company's valuation in its
      302 words
    • 218 13 SHANGHAI AP CHINA'S banking regulator has advised creditors of a troubled investment company said to be the country's biggest stock player to take precautions in protecting their own assets, an official said yesterday. Officials of the China Banking Regulatory Commission made the
      AP  -  218 words
  • Page 12 Advertisements
    • 1185 12 289 8822/KgMihnotices®sph.com.sK IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARTOGG SINGAPORE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 1851 95 Fronkston Dandenong Rood, Dandenong Victoria 3175, Australia on the 3rd day
      1,185 words
    • 30 12 We've made a haul! Share the good news with your investors Releasing a financial statement? Gill 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.
      30 words

  • 1615 13 SICOM FUTURES Jun9 RUBBER Futures (dosing prices) RSS1(S cents/kg) Close Votam Open Month High Low Sett (tonnes) Interest Jul 04 233.00 Aug 04 231.25 Sep 04 229.50 Oct/Dec 04 227.25 Jan/Mar 05 229.00 Apr/Jun 05 232.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest JuTM
    1,615 words

  • WORLD news
    • 365 14 Fall in inventories at US wholesalers in April takes Wall St by surprise Reuters [WASHINGTON] Recent hiring in the United States is swelling the ranks in industries that pay more than the average income, US Treasury Secretary John Snow said yesterday.
      Reuters  -  365 words
    • WORLDWatch
      • 89 14 FT [L MIL AW J tiUrex on Tuesday sparked confusion in the US futures industry by announcing on its website that it would waive all trading fees for users of its fledgling Eurex US futures exchange in a bid to boost the operation's flagging
        FT  -  89 words
      • 93 14 AFP [MOUNTAIN VIEW, California] The total number of registered Internet addresses reached a new summit of 63 million after a record increase of 4.7 million in the first quarter, the main Internet registrar said on Tuesday. VeriSign, which owns the domain registrar Network
        AFP  -  93 words
      • 87 14 Bloomberg [LONDON] The UK says reaching its oil and natural gas output target for 2010 is becoming harder as costs rise and the search for new deposits falls to a record low. Keeping oil and gas supply equal to three million barrels
        Bloomberg  -  87 words
    • 522 14 SYDNEY PBL's television and magazine boss to take over reins Reuters AUSTRALIA'S Publishing and Broadcasting yesterday replaced its deal-making chief executive with a hardnosed media boss. That shake-up also saw billionaire Kerry Packer take on a bigger role at his familycontrolled
      Reuters; BLOOMBERG  -  522 words
    • 392 14 TOKYO Reuters FOREIGN investment firms are leaving Japan after having failed to beat home-grown or big name competitors in the race to buy out local companies. Though they have the financial expertise, these institutions have suffered from a of lack crucial connections
      Reuters  -  392 words
    • 393 15 They take defensive stock approach despite rosy market expectations: poll Reuters [NEW YORK] Wealthy US investors are optimistic about the outlook for the stock market but are holding off because of worries over terrorism and other geopolitical factors, according to a survey. The
      Reuters  -  393 words
  • 2368 14 Transaction date: Jun 9 KUALA LUMPUR GeneralSoil 1.26 unch 0 Vol Genting 15.10 0.10 925 RM *1- C000) George Kent 0.79 -0.01 38 GlobetronicsTech 0.52. -0.01 676 ASMReatty 1.33 -0.02 18 GlomacBhd .2.42 unch 12 Abnc 0.63 -0 01 59 Gold Bridge Engrg .0.41 unch 83 ACP Industries 1.81
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  • 747 14 Transaction date: Jun 9 a**—— m o— q—»| mti i oaaa omm AHgreen 50c 0.30 0.985 -0.010 NO. 1.71 2.190 BlltntiUS20c 0.39 0.760 +0.010 OCBC 919 12.100 CapftaLand 1.02 1.380 *0030 Parkway H2Sc 0.58 1.130 -0.010 Chart SamKond 26c 1-21 1.440 *0020 (Copie s Food HK50c 0.44 1.320 -0010
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  • 832 14 BONDS WARRANTS Prem Expiry Tal Last Vol Com Exer Disc Our Mths Co<» Cawpwy Slit rood) Ratio Price It Laft 3779 ASL Marine Hldgs W*****1 16 1 S3 41 3.06 46 3696 ASTIW*****1 .30.5 -1.5 28 1 16 -4 1.59 0 3697 Acma Ltd W*****6 .0.5 1 50 677 13.00
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  • Page 14 Miscellaneous
    • 317 14 CRYPTIC CROSSWORD ACROSS 5 fjot a v j ne to develop and in--1 Nothing eaten by wolves troduce (8) and insects is a fabrication 6 ste P from P rison to accept (1,4,2,4) first of awards (5) 7 9 Confessed to having arrived 7 Middle-age girls need visucold and thin
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  • 72 15 S2-M Tel j* 1 Vd Day Last Quote GrOtv Div GrYld Net MCao H0i law> Co* Campmy S*e W- TOM) Low >iiyor Sa»w Cw Wt $wS 2060 2000 6065 Diamonds US2060cd 2120 609S IS OJ US Tech US3740 6097 IS MSCI Spore— US555 540 6101 KS4P500 U***** **********
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  • 1867 15 52-M M V* ■>•* LastQuote GrOiv Oh GrYld Net MCap HWi U» Co4» Cowpiy +V- rOOO) HW> Low tim. Sdhr Cw Pff *3 26 12.5 5000 ABRHkJgsSc 12.5 n.s 241 42 17.1 2101 APOiISC 28 -0.5 97 28.5 28 28 29 5 N9.1 09 109 29' 465 15
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  • 341 15 52-wk Td Lact Vol Day Last Quota GrDiv Dtv GrYM Net MCap Wgli I— Code Compawy W- (Hit HgN t— 8»y S<» CV Wt Sill 228 139 6000 AVJenningsA25c A199cd +1 5 199 198 198 199 40 8.8 5 7.5 4283 6001 Cathay Pac20c HK720 265 2.1 7.4
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  • Page 15 Advertisements
    • 49 15 /Le maitre de I'horlogerie depuis 1875 mmMmfft M M ifff g f f Regional Agent. Showroom Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. THF HOI IR C~il ASS I/ 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 6238 6678 Fax: 6238 6676. nV/UIXVJLAJJ internet: http://www.audemarspiguet.com Scotts S.C. Tel:
      49 words

  • BIZIT
    • 342 16 The Hiroshima plant will be world's biggest Bloomberg [TOKYO] Elpida Memory Inc, Japan's only maker of the main memory chips used in computers, plans to spend 500 billion yen (Ss7.B billion) in the next three years to build the world's biggest factory
      Bloomberg  -  342 words
    • 306 16  -  By Amit Roy Choudhury MORE than 52,000 international trade visitors are expected at this year's megashow the Infocomm Media Business Exchange (imbX) at the Expo next week. The exposition is jointly organised by Singapore Exhibition Services (SES) and the Singapore infocomm
      306 words
    • 375 16 NYT [NEW YORK] Hey, it's not rocket science. And it's not brain surgery. But if your background is in either, you're welcome to take a shot and apply at Google. The company's employees include a former rocket scientist and a former brain surgeon.
      NYT  -  375 words
    • 555 16  -  BT exclusive Virtual network operator's S'pore HQ now supports 22 cities in Asia-Pac, reports Raju Chellam Raju Chellam Britain-based vanco, which provides global network services to large companies, aims to double its growth in the Asia-Pacific region and the region's contribution to gross
      555 words
    • 447 16 Demand driven by lower costs and security concerns [SINGAPORE] Asian governments are adopting the freely-available Linux operating system (OS) in a bid to cut costs and address security concerns, helping the region drive global growth in demand for the software. Linux is known as "open
      447 words
    • 248 16 Reuters [LOS ANGELES] Representatives of the Beatles are in discussions with various online music services about licensing their songs for distribution on the Internet, people familiar with the discussions said. The Beatles have been one of the biggest holdouts in releasing their catalogue for sale
      Reuters; AFP  -  248 words
  • Page 16 Advertisements
    • 98 16 BP-^jij|B^M'«_ :i^^^^^BPß!!^^K i i "1| '^MP'SmSKr ■PflV%v 7 f MK^^y M*3* 1 y 1 l iJ^WiH|kin v# #JH liX/ f V II HjKm f m am fAm I V If J T IB M\am Nominations for the 2004 eso.startup awards are now open Recognising Singapore's New Enterprises To be eligible,
      98 words

  • SHIPPING TIMES
    • 300 17 Bloomberg OIL tanker rates for shipping crude from the Middle East were little changed for a fifth day at near four-month highs as charterers waited for suppliers to release details of July export plans and a shipping event in Greece limited demand for vessels. "The market has stayed
      Bloomberg  -  300 words
    • 282 17 SGX '000 Jun9 SS W- Vol CH Offshore 037 unch 309 ChuanHup 0.50 0.01 215 Cosco Investment .0.76 unch 2792 CWT Distribution 0.48 unch 0 EzraHldgs .0.99 -0.01 12 Freight Unks .0.10 -0.01 180 GB Holdings 0.83 0.01 41 Jaya Holdings 0.84 unch 1032 K1 Venture .0.27 unch
      282 words
    • 592 17  -  Unit that owns and operates port near Suzhou celebrates 10th anniversary From Loh Hui Yin in Suzhou SHIPBUILDER Pan United Corporation's foray into port management near Suzhou has been a success and it is exploring more of such investments in China. Patrick
      LIANHE ZAOBAO/DENNIS THONG  -  592 words
    • 87 17 [CHITTAGONG, Bangladesh] Two Bangladeshi men working at a shipbreaking yard in the port city of Chittagong. Villagers in southeastern Bangladesh havefled their homes after a toxic 'gas leak from a shipbreaking yard, a report by the country's news agency said on Tuesday. The shipbreaking industry of Bangladesh is
      AFP FILE PHOTO  -  87 words
    • 216 17 Reuters [HONG KONG] China Shipping Container Lines, which is raising up to US$l.3 billion in an IPO, will boost the size of the retail tranche of the deal as it is over 20 times covered, a source familiar with the situation said
      Reuters  -  216 words
    • PORTShots
      • 101 17 AP [HONG KONG] Hong Kong-based conglomerate Hutchison Whampoa Ltd said yesterday it has decided to buy a 12 per cent stake in Korean shipping firm Hyundai Merchant Marine Co Ltd. Hutchison said it has agreed to pay Hyundai HK$6O6 million (*****.4 million) for the
        AP  -  101 words
      • 79 17 Reuters [ZURICH] Kuehne Nagel International AG has bought Dutch freight forwarder Nether Cargo Services BV, strengthening its position in the perishables and air freight markets, the Swiss logistics firm said on Tuesday. Kuehne did not give terms for the transaction. Nether Cargo had sales of over
        Reuters  -  79 words
    • 415 17 45% of US-bound ships have met ISPS Code Bloomberg [SINGAPORE] Almost 45 per cent of tankers and other cargo ships that call on US ports meet new United Nations anti-terrorism security rules, Jolie Shifflet, a Washington-based spokeswoman for the US
      Bloomberg  -  415 words
    • 132 17 [SINGAPORE] Japanese shipping company Mitsui OSK Lines (MOL) has launched a new Thai-Indo-nesia Liner Service (CBJ). The new service, linking Thailand and Indonesia, also calls at Singapore and Pasir Gudang, Malaysia. The service begins next Tuesday with the Tuas Express, departing from Singapore. MOL said
      132 words
    • AVIATION news
      • 1273 18  -  The airline industry is turning to state-of-the-art technology to reduce the rate of missing baggage By Sharon McDonnell NYT [NEW YORK] EVEN for business-travel lore, which is rich in horror stories about lost luggage, Valerie Bent's ordeal stands out. Ms Bent, then
        NYT; AFP  -  1,273 words
    • 104 18 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 China Shpg 5 Crocodile Line ....4 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Foong Sun 5 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 IRISL 5 Kyowa 5
      104 words
    • 7600 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN p#st'n Name Name Number Number SIN Dest'n Name Name Number Number 28/07 07/08 WWL TAGUS M4M 65-*****033 To ABIDJAN (ABJ) 2003 Cote D'lvoire DUNKEROUE (DKK) 2695 Franc# 21/06 13/07 Del mas FLORA DELMAS
      7,600 words
    • SHIPS IN PORT
      • 557 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CEC PACIFIC 9574 J14 A/SIDE 10/06 230( COS KNIGHT *****3 J18/19 A/SIDE 10/06 060( FIRST BRIGHT 4 J4/5 A/SIDE 10/06 120( HARAPANMAK JB4602 J9 A/SIDE 10/06 001! MAHARDI 06/04 J4/5 A/SIDE 10/06 060( OCSERAYAV 116/04 J3 A/SIDE 10/06 063(
        557 words
      • 1636 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX LIUC 066N 066N 1 12/06/2004-15:00 13/06/2004-03:00 ACXSAKURA 031S 031S 1 13/06/2004-15:00 14/06/2004-07:00 AKSOY TRUVA 0421 0420 1 13/06/2004-07:00 13/06/2004-15:00 At ABDALI C298W C298W 1 12/06/2004-15:00 13/06/2004-03:00 ALAMJAVA AJ001 AJ001
        1,636 words
      • 127 23 Jun 12 Philippines: Independence Day. Jon 14 Australia: Queen's Birthday. Jun 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: Independence Day. Jul 14 France: National Day. Jul 15 Brunei:
        127 words
      • 774 23 THIS report, complied 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
        774 words
      • 640 23 Carbon 180 Max 986.7 0.3 14.3 0.04 46 0.02 Ju« 3 Density Water Residue AshAluminlum Sediment No above E25 0 0 1 n n n ITJJTu 380 Ave 987.0 0.2 13.7 0.04 31 0.02 tI1( U 380 Max 993.2 0.7 17.7 0.07 68 0.07 K/M»3 H
        640 words
    • AIR & LAND transport
      • 464 24 This adds to Airbus' 70-order lead so far this year over Boeing's 68 Bloomberg AIRBUS SAS, the world's biggest commercial-aircraft maker, will provide jetßlue Airways Corp with 30 more planes valued at US$l.B billion as the growing low-cost carrier exercised options to
        Bloomberg; BLOOMBERG FILE PHOTO  -  464 words
      • 469 24 Govt lax about access to sensitive areas, risks posed by airport workers: report AP [WASHINGTON] The government's efforts to prevent terrorists from gaining access to commercial airports are still incomplete and fragmented, a congressional report says. The Transportation Security Administration has focused on screening
        AP  -  469 words
      • 521 24 Unlikely position will improve, official says Reuters [BRUSSELS] European transport ministers should not wait for a possible change in US administrations later this year before concluding an EU-US airline pact, a European Commission official said on Tuesday. Transport ministers
        Reuters  -  521 words
      • LOGBook
        • 155 24 Reuters [VANCOUVER, British Columbia] A man suspected by police of playing a role in the Air India bombings, but was never charged, denied on Tuesday he had any involvement with the plot that killed 331 people. Daljit Singh Sandhu rejected a claim by a
          Reuters  -  155 words
        • 87 24 AP [HONG KONG] A Cathay Pacific Airways flight made an emergency landing at Hong Kong's airport after developing engine trouble on its way to London early yesterday, officials said. The Boeing 747-400, carrying 402 passengers and crew members, landed safely and there were no injuries,
          AP  -  87 words
        • 84 24 Oana-PTI [DUBAI] Air Arabia, the first low-cost airline in the Gulf region, is fully prepared to start operating flights to India, especially Kerala destinations, and negotiations regarding this are continuing with Indian authorities. "We are fully prepared to operate flights to these countries
          Oana-PTI  -  84 words
      • 2190 24 CITY FLIGHT ETA FLIGHT CTD EK404 1405 EK431 032$ AMtM* LH9771 W40 8A7382 2215 tW4a 1650 S0428 2325 S0230 1840 OF82 2215 EK430 2005 twtrtw KL837 1450 GA9T4 0130 FmWurt AC9951 0630 LH9T65 1345 KL838 2255 LH976Z 0630 SQ326 1345 $024 2345 5025 0630 BAT305 2255
        2,190 words
      • 58 24 [LIBREVILLE, Gabon] Residents, police and rescue teams on a Libreville beach near the debris of the Gabonese airline that plunged into waters off the Gulfof Guinea coast shortly after take-offfrom the capital on Tuesday. Sixteen people died and three were missing, while 11 people survived, the
        AFP  -  58 words
      • 360 24 AFP [SEA ISLAND, Georgia] World leaders at the G-8 summit will this week endorse nearly 30 wide-rang-ing measures to improve international airline security in the face of increased terrorist threats, senior US officials said on Tuesday. The 28 steps, to be implemented by
        AFP  -  360 words
  • Page 17 Advertisements
    • 200 17 Eli warned not Airbus gets t o wart for US poll US$1.8b to sign pact ■BACKPAGE JetBlue jetBlue order for los luggage 30 planes Stili a problem I for business back page travellers page 2 NOTICE TO TRADE SOUTH EAST ASIA, FAR EAST TO INDIA PAKISTAN TRADE RATE RESTORATION FROM
      200 words

  • Page 18 Advertisements
    • 658 18 IMPORT NORTH AMERICA j[~[| AUSTRALIA/NEW ZEALAND [SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ABIA EXPRESS [AAXj 1 «s*i vot ic. m m m PtO NEDUOTD KOBE 39W21 26/05 13/06 15/06 LOS ANGELES EXPRESS 05W22 03/06 20/06 22/06 NTKPRIOE 47N OMIT 31/05 02/06 04/06 01/06 13/06 15/06 PtO NEDUOTD SOUTHAMPTON 42W23 09/06 27/06
      658 words
    • 536 18 Lines services represented by Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association g LILY UNE MALE f VESSEL VOY ETA HA ETA A P. KIAH6 SPORE MALE KotaTegap TGAO67 10/06 20/06 Princess Lily 0404 14/06 16/06 24/06 Maid Star 549 16/06
      536 words

  • Page 19 Advertisements
    • 719 19 MOL Combines a range of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Abo accopt Intra-Asia Cargo#* to: BUSAN KWANGYANG SHANGHAI YAffltAN XIAMEN QMGDAO lEUWAN J JAKARTA SURABAYA KAOHSWJNG BANGKOK LAW CHABANC mKWHWW PASW GUDANG roUNG PORT KHANG For Schedules,
      719 words
    • 817 19 «TP .Tn HlffiS 1 SALES/ BKGS TEL *****857/43 FAX: *****321/24 COSTAR SHIPPING PTE LTD W20M02 *****325/75 ■niami S'lmt SUT 2S SSS JOHOR'SOFFICE: CR NO: H*****0000M COSTAR AGENCIES (M) SDN BHD TEL 07-353 8166 FAX: 07-353 8170 ONVENTIONAL *****850 *****208 MONTHLY DIRECT CONTAINERISED SERVICE TO SOUTH PACIFIC ISLANDS OF: SUVA LAUTOKA
      817 words
    • 570 19 vessel voy pkg GOLDEN MERCHANT 421H IS/6 16/6 18/6 PERTH BRIDGE 056 A "W" 19/6 GOLDEN TRADE 1403N I 22/6 I 23/6 I 25/6 I NEW DYNAMIC 063 A 24/6 26/6 1 HERTFORD lOOSN I 79/6 I 30/6 1 7/7 I PBTH BRIDGE 057 A 1/7 3/7 *VSI colling both
      570 words

  • Page 20 Advertisements
    • 727 20 eft C I MA C ENQUIRIES/BOOKINOS: *****344 PAX: *****433 E-MAIL: d*lirunOd«lmai.com.>g U C La 1V1#%9 DOCUMENTATIONS/OPERATIONS: *****637 FAX: *****177 Mumawomw two nn cohtawh savia to west afika euro* IVKStt VOY SINGAPORE PORTKEIANG li HAVRE DAKAR BANJUL NOUAKCHOTT CONAKRY" Hyundai Freedom 320W 14/06 H/06 30/06 12/07 24/07 17/07 14/07 Hyundai General
      727 words
    • 552 20 WX WAN HAI LINES V Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: EUROPE ROTTERDAM HAMBURG ANTWERP CALLING SIN EVERY Saturday For more details, call HOTLINE: 6226 1588/ 1800-*****00 —..AriTn AKIM NOffTRANS SHIPPING AGENCIES fy fj K|K MX 55 29 Int'l Business Park #05-05 Acer Blda Tower
      552 words
    • 742 20 E3 Ai MYANMA BR FIVE STAR LINE (Myanmar National Line) Loading for Yangon VISSEL VOY SIN PKL PEN PGU PAGAN 328W SLD HPA-AN 320W SU> SU> IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKU 03-*****101 PEN: 04-2****** ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKL KUC JACARANDA ACE 93
      742 words

  • Page 21 Advertisements
    • 1477 21 VESSEI VOY SIN PKL PXB BAB PMM BIK CHABAHAR IKHORRAMSHAHR] IRAN SATTARI PCLBO34 13/06 12/06 22/06 23/06 30/06 02/07 04/07 06/07 IRAN SHAHRYAR PCI 8035 22/06 21/06 30/06 01/07 08/07 10/07 12/07 14/07 IRAN SATTARI PCL 8036 04/07 05/07 14/07 15/07 22/07 24/07 26/07 28/07 IRAN SHAHRYAR PCL 8037 13/07
      1,477 words
    • 500 21 UK CONTINENT SERVICE Loading for KEELUNG RTM/ATW/BMNAJK/NAN Loads Singapore, EVW. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT ADN/HDD/JDH/AQA P LAMER DBI/ABU/DOH/BRN/DMM/KWT AMARYLLIS DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, EVW Malaysia, Indonesia USA SERVICE Loading for SPLIT CAM/NOL/NFK/SAWTPC SIFNOS BAY CAM/NOL/NFK/SAWTPC TAUROA POINT VCW/LAX/MZL 'Loads EVW. Malaysia. Indonesia F.E./S.E.A. SERVICES
      500 words
    • 743 21 VESSEL VOY SIM POU VESSEL YOI SIM JUL ?AC BAND* 122?!! 12/04 13/ M ALAMJAYA 2 4M 13/24 UM ?*C BANDA 1230N 14/84 14/ M MATARAM EXP 3009 li/flfi UM PAC BANDA 123JN 15/04 15/ M "f tINTAN mi \IM IS/fe JACJANDA 1232N 14/ M 17/04~ AUMJAYA 2 MOl 20/
      743 words


  • Page 23 Miscellaneous
    • 128 23 S REGIONAL WEATHER J 8 FOR 7AM 10 Jun 2004 Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols *\j Showers C Full 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 x
      128 words