The Business Times, 24 June 2004

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Total Pages: 24
1 24 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Hmomethtr^busines^ SINGAPORE THURSDAY, JUNE 24, 2004 850
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  • 816 1  -  Indon official allays fears of Temasek going on to dominate country's banking sector From Shoeb Kagda in Jakarta A SENIOR Indonesian central bank official has said that Temasek Holdings should not be prevented from bidding for the country's Bank Permata. His remark came
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  • 584 1  -  Pushed by poor domestic demand, property agents are looking abroad By Vince Chong [SINGAPORE] Prime homes in city-centre districts commonly referred to as 9, 10 and 11 under the old postal codes are no longer the only ones being pushed overseas. Haig Court in
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  • 785 1  -  Auditors say move not meant to cast any aspersion on senior management By Kenneth Lim [SINGAPORE] The saga of listed educational services provider Informatics Holdings took another turn yesterday. Auditor Ernst Young has notified the company that it is withdrawing its earlier statement which said it
    FILE PHOTO  -  785 words
  • 76 1 Dsn 1,794.65 (+8.72) ST INDEX FUTURES 1,795.00 (unch) SIMSCI 218.92 (+1.17) SIMSCI FUTURES 219.20 (+0.60) Wednesday Change KLSE COMP 822.09 +3.62 NIKKEI 225 11,***** 4)71 HAN(i SENG 11.849.77 *4.18 SET INDEX 627.24 2.12 JAKARTA COMP.699.76 +8.66 ■AMU COMP —.1.57:1.47 .30.65 TAIPEI WPI 5,729JO »172.76 SEOUL COMP 738.93 755 SHENZHEN
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  • 79 1 FOREX RATES U8$ 8$ IS$ (SS |mt I'SSl 1.718 £(l'SS/SS per 1.821 3.129 KI'R()(IS$/S$/K) 1.215 2.088 YKM 108.7 RM 3.800 2.212 HKS 7.799 4 540 BAIIT 40.98 2:1.85 ■IF1AI1 9,421 5.484 RENMINBI 8.277 4.818 INDIAN RUPEE 45.98 2fi.76 AS 1.451 0.845 KB UN o.92() PRIME RATES SINGAPORE iiif) MALAYSIA
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  • Page 1 Advertisements
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  • NEXT page
    • 579 2  -  Analysts expect full-year tally to surpass last year's figure By Kalpana Rashiwala. [SINGAPORE] Real Estate Investment Trusts (Reits) have bought $1.03 billion worth of properties so far this quarter, accounting for nearly half of the $2.14 billion investment sale deals struck during
      Source: Jones Lang LaSalle Research  -  579 words
    • 428 2  -  By Tang Weng Fai [SINGAPORE] Pharmaceutical giant centre at its Jurong plant yesterday, even as the company opened a $100 million extension to the Jurong site. The latest investment brings to more than $1 billion GSK's total investments in Singapore. The technology centre will double
      428 words
    • 510 2  -  By Chuang Peck Ming [SINGAPORE] Senior Minister Lee Kuan Yew yesterday said Lim Boon Keng, a prominent figure in Singapore's early history, is one model for the elite group he is pushing to groom so that there will be
      FILE PHOTO  -  510 words
    • 687 2  -  By Jean Chua [SINGAPORE] Singapore is ahead of its target to get at least 25 companies to set up Asian headquarters here, the Economic Development Board (EDB) said yesterday following news that General Motors (GM) will shift its Asian
      687 words
  • Page 2 Advertisements
    • 383 2 Canny Guide to Risk Management W WW* 'mm. -in Banks whk ip mmmm siimmm Dates Why 22-23 July 2004 Banks routinely pursue risk for the measured chance of increased 9.00 am to 5.00pm reward. A bank is confronted with various kinds of financial and nonVenue financial risks. These risks are
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    • 57 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T:+6s 6535 3382 F:+6s 6535 3991 E: singapore@ocra.com.sg 24
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  • Page 3 Advertisements
    • 29 3 I Jv v Lamborghini Singapore .jiff— Authorised dealer Automobili Lamborghini Euro Sports Auto Pte Ltd 30 Teban Gardens Crescent Singapore *****7 Tel: (65) 6565 5995 Fax: (65) 6567 5515
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  • SINGAPORE companies
    • 700 4  -  GEO points out proposed tie-up with SGX has both govt's backing By Angela Tan BURSA Malaysia chief executive Yusli Mohamed Yusoff yesterday said Singapore investors should not be unduly wary of its proposed trading alliance with the Singapore Exchange because it has
      700 words
    • 179 4 Lian Bengwins $61m project A WHOLLY OWNED subsidiary of construction and engineering company Lian Beng Group has won a $60.78 million deal from the Defence Science and Technology Agency to redevelop the Pasir Laba Camp. The 23-month contract for Lian Beng Construction (1988) Pte Ltd started on June
      179 words
    • 432 4  -  By Joyce Koh INVESTORS here have been enjoying the benefits of a liberalised broking industry, so they must also accept the new fees that go with it, an industry leader said yesterday. "We are in a liberalised environment now, so charges
      FILE PHOTO  -  432 words
    • 668 4  -  HOCK lock siew ven sreenivasan THE announcement by the Singapore Exchange (SGX) and Bursa Malaysia of plans to set up a common trading platform giving traders on both sides direct access to each other's markets has stirred plenty of debate. The loudest reservations seem
      668 words
    • 508 5  -  Delay attributed to unfamiliarity with its business; offer closes on July 1 By Kenneth Lim GUANGZHAO Industrial Forest Biotechnology Group's much-delayed initial public offering has finally arrived after 84 days in limbo. The issue manager said unfamiliarity with the business was to blame.
      508 words
    • 326 5  -  By Joyce Koh TASTYFOOD Holdings' managing director and controlling shareholder Lim Chee Tet has entered into agreements with InterChina Assets Ltd to sell a total of 17.6 million shares, or a 10.8 per cent stake, to the British Virgin Islands-incorporated company for $1.5 million. Announcing
      326 words
    • 470 5  -  But it sees lower profit this year on start-up costs in Thailand and China By Samuel Ee MAINMUAKL)-LisTfcU Stamford Tyres has posted a second year of record profits but is conservative about the current year's growth as it positions itself for its next stage
      STAMFORD TYRES  -  470 words
    • 339 5  -  By Chia T-Chien BUOYED by a doubling in LCD monitor shipment and an average 20 per cent rise in its selling price, TPV Technology chalked up a 135 per cent jump in net profit for its first quarter ended March 31. The
      339 words
    • 4047 5 UNIT TRUSTS FUNDS C D If! c2D' Swill! m !SI 2255?! Eu Hy EUR™.--.. 9 358/ Global Fixed Income 9 784/10 087 SIS Hkti Grflnfl Pks 7 USD)Fd 0 9528/ Pnncpal Select Global Eqty ...*****/***** FrankknTempletonF-Global Bal/» 1.3* Greater China Equity 1206/127 Fusion Bond S'pore Find 0.963V1.0142 S B Sel
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  • Page 4 Advertisements
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    • 305 4 ESQ Leaders Talk He started investing in India from Singapore in the early *****, long before the hype and the fanfare about the Indian growth story. Prominent lawyer and businessman and Chairman of Network India, Sat Pal Khattar has ridden the ups and downs of India's business scene, its evolving
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  • Page 5 Advertisements
    • 238 5 URGENT AUCTION VALUABLE SEIZED MERCHANDISE High Value Bank Collateral Assets impounded under Preventive Distraint in enforcement of Court Injunction ordered to be sold by Major International Bank in the exercise of a lien against a very substantial unpaid loan to a leading Persian carpet wholesaler together with other outstanding consignments/
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  • SINGAPORE markets
    • Article, Illustration
      655 6  -  Compiled by VEN SREENIVASAN 810-TREAT is hovering at the low end of a one-month trading range of 83 to 93.5 cents. Its Tuesday close at the day's low of 85.5 cents is rare for the stock, which had often recovered strongly to finish well above the day's lows.
      Source: Bloomberg  -  655 words
    • 294 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE market has been sluggish for a while and looks set to stay that way for another couple of weeks at least. Yet, analysts remain generally upbeat about the prospects for stocks of growth-orientated companies. In short, the
      Source: Bloomberg  -  294 words
    • 491 6  -  BT comment STOCKS ven sreenivasan THE Singapore market snapped a fourday losing streak yesterday, thanks to bargain-hunting among blue chips and mid-caps. But the rise was neither strong nor convincing, indicating that caution is very much the order of the day in a week
      Source: Bloomberg  -  491 words
    • 628 6  -  BT comment CURRENCIES Gold and euro lead modest gains against greenback larry wee THE US dollar drifted a little lower in quieter trading overnight, but most Asian units other than the Japanese yen remained quite unloved. While gold and the euro led overnight gains
      Source: Reuters  -  628 words
    • 355 6  -  Compiled by KENNETH LIM Capital Grp pares ST Ertgg stake THE Capital Group Companies' deemed 7.95 per cent stake in Singapore Technologies Engineering was pared to 6.96 per cent on Monday after 28.3 million shares were sold on the open market at an undisclosed price. Shares of
      355 words
    • Article, Illustration
      440 6 OTHER SINGAPORE INDICES Jun 23 VALUE CLOSE BT OB/OS -422.00 36.00 BTCAM -*****.00 -50.00 BT 10-day MA -*****.00 -42.00 AN-SG Equities 478.91 +1.54 SG Equities Elect 160.89 -0.42 SG Equities Fin 1490.87 +2.76 SG Equities Prop 401.50 -KX23 SIMSCI 218.92 +1.17 SiMSCI Futures 219.20 +060 Stocks Volume Goldtron 5c 23.817,000
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  • BLUE Chips
    • 748 7  -  SGX's planned tie-up with Bursa Malaysia should not be sniffed at as their combined daily trading value would top $1 billion, says ANGELA tan ANGELA TAN CASH-RICH Singapore Exchange (SGX) has always been seen as an attractive dividend stock, with not much of a
      FILE PHOTO; Source: Bloomberg; NSTP  -  748 words
  • Page 7 Advertisements
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  • SINGAPORE companies
    • 586 8  -  Despite talks, analysts think it's not close to buying stakes in China yet By Taila Krishnakumar DBS Bank said yesterday it is still in exploratory talks with Chinese banks to acquire stakes, but analysts feel it will be some time before any
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    • 687 8 Carrier may be stretched by plans to expand fleet, add domestic routes MALAYSIA'S Tony Fernandes appears to be taking his biggest gamble since he launched Air Asia, South-east Asia's leading low-cost airline, in late 2001. Plans by the Malaysia-based carrier to increase its fleet four-fold and
      687 words
    • 313 8  -  By Angela Tan OIL and gas related company Federal International is planning a warrant issue to raise up to $2.97 million in net proceeds that will be used for working capital. Federal said the issue of up to 42.06 million renounceable warrants will be made on
      Source: Bloomberg  -  313 words
    • Article, Illustration
      1091 8 Transaction date: Jun 23 DfTERBAMK CROSS RATES A$ C$ Rmb Euro HK$ Ind Bs Rupiah Yen Won »M ICS Pith Pwo S$ Band Sfr HT$ Baht Pound US$ Australia 0.935 5.703 0.567 5374 31.679 64.915 0.749 7.992 2.618 1.097 40.037 38.744 1.184 4-331 0.859 23.262 28.234 0.378 0.689 Canada
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    • 216 8  -  By Gea Swee Jean INDUSTRIAL waste-water treatment company Eco Water said yesterday that it has set up a 50:50 joint venture in Yunnan, China. The Sesdaq-listed group said it has formed the Yunnan Tian Long Eco Water Hydro Investment Co with China Yunnan
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  • Page 8 Advertisements
    • 65 8 Nominations for the 2004 eso.startup awards are now open Recognising Singapore's New Enterprises To be eligible, a company must: be a privately-held enterprise be under 5 years old (from date of incorporation) 20 0 4 have a strong nexus to Singapore have at least 1 year of audited financial results
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  • SINGAPORE news
    • 410 9  -  EYE on the economy By Nande Khin SINGAPORE'S Consumer Price Index rose 2 per cent in May from the same month last year, according to the Department of Statistics. Analysts agree that the rise was due to a combination of strong
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    • 246 9 COE premiums fall in most categories CERTIFICATE of entitlement (COE) premiums for all but one category slipped yesterday as some motor traders lamented the school-holiday effect on the new car market. Category B, for cars above 1,600 cc, was the only one to rise by $100 to $30,400.
      246 words
    • 327 9  -  It was also the only Asian city in the top 10 preferred cities By Teh Shi Ning SINGAPORE has been ranked the world's third top convention city in 2003 by the International Congress Convention Association. This organisation, which represents specialists in
      Source: IDCA  -  327 words
    • 595 9  -  Flagship premises at former IBM Towers include innovation centre By Kalpana Rashiwala FUJI Xerox is investing more than US$l5 million in its new Singapore flagship premises at Anson Road that includes an innovation centre to showcase solutions for its customers. The company has inked a
      CHRIS LOH  -  595 words
    • 367 9 Bloomberg HARRAH'S Entertainment Inc, the No 2 US casino company, will hold talks with Singapore officials today to discuss setting up a casino in the city, senior vice-pres-ident Jan Jones said. Vienna-based Casinos Austria International is also interested in a venture with the
      Bloomberg  -  367 words
    • 264 9  -  Premiums and main features of the scheme will remain By Genevieve Cua THE CPF Board intends to privatise its Dependants' Protection Scheme (DPS) and will invite bids from private insurers next month. Privatisation of DPS a term protection scheme with a maximum sum
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    • 396 9  -  By Taila Krishnakumar WITH trade surging between Singapore and Sri Lanka, Sri Lankan officials are upbeat about Singapore investments in tourism, real estate and infrastructure. Speaking to BT ahead of Prime Minister Goh Chok Tong's visit to Sri Lanka this Friday, the Sri Lanka
      396 words
  • Page 9 Advertisements
    • 170 9 TAIYO BIRDAIR ASIA PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN THAT a hearing has been fixed for 2 July 2004 in OS 736/2004/N in respect of an application by Taiyo Kogyo Corporation, the holding company of Taiyo Birdair Asia Pte Ltd (In Members' Voluntary
      170 words
    • 226 9 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF FORCEFIELD STATIC MANAGEMENT SYSTEMS (S) PTE LTD ON MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of The Companies Act, Cap. 50, that the Final Meeting of the
      226 words
    • 801 9 GIKEN CIKEN SAKATA (S) LIMITED -fU NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of the Company will be held at No. 40 Jalan Pemimpin #04-05 Tat Ann Building Singapore *****5, on the 9 th day of July 2004 at 3.00 p.m. for
      801 words

  • EXECUTIVE suite
    • 748 10  -  Developers have been asking the government to relax rules for foreigners buying private homes in Singapore, reports Andrea Tan Andrea Tan Developers are hoping a new source of buying power will emerge if the government agrees to relax rules on foreigners and permanent residents (PRs)
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    • 284 10  -  By Vince Chong THE iconic 36-year-old People's Park Centre, known for its good hawker food, will be transformed by 2006 into a more modern building with newer hawker facilities and stalls. The government will foot the upgrading bill of about
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  • 1641 10 SICOM FUTURES Jun23 RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 04 239.00 Aug 04 236.00 Sep 04 233.75 Oct/Dec 04 231.25 Jan/Mar 05 233.00 Apr/Jun 05 236.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
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  • Page 10 Advertisements
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  • REGIONAL news
    • 721 11 JAKARTA Comment follows an IMF report that said its diagnosis was faulty Bloomberg INDONESIA said the International Monetary Fund must account for its poor advice during the 1997 financial crisis after the Fund said it failed to fully diagnose
      Bloomberg  -  721 words
    • NOTE Book
      • 114 11 AFP [SINGAPORE] China and South-east Asian nations are likely to miss a June 30 deadline to conclude talks on which goods will be liberalised under an ambitious free trade agreement, Asean secretary-general Ong Keng Yeong said yesterday. Mr Ong said the absence of a common
        AFP  -  114 words
      • 123 11 Bloomberg [BANGKOK] Thai Military Bank pel lent money to a company owned by the Thai Army, which was allegedly used to buy shares in the lender, the Nation reported, citing an unidentified central bank official. Thai banking laws prohibit commercial banks from lending money
        Bloomberg  -  123 words
      • 118 11 AP [PHNOM PENH] Cambodia is turning the grave site of infamous Khmer Rouge leader Pol Pot into a tourist resort by building a hotel, casino and duty-free shop at the historical spot, an official said yesterday. Critics said the plan exploits memories of the
        AP  -  118 words
      • 121 11 Bloomberg [SINGAPORE] Pertamina Energy Trading Ltd, a unit of Indonesia's state oil company, renewed a three-month contract to buy diesel, kerosene, gasoline and fuel oil from Hin Leong Pte, Vitol Group and Kuo Oil (Singapore) Pte, company officials said. Pertamina Energy renewed a contract to
        Bloomberg  -  121 words
      • 103 11 Reuters [HONG KONG] Bankruptcy petition filings in Hong Kong rose in May but the number of people declared bankrupt continued to fall, government data showed. Bankruptcy petitions, which give an indication of future bankruptcies, rose 6.6 per cent last month to 1,048 after falling
        Reuters  -  103 words
      • 103 11 Reuters [NEW YORK/BOMBAY] US giant eßay Inc said yesterday it would buy Baazee.com, India's biggest online auctioneer, for US$5O million, extending its international expansion to another burgeoning Asian market. eßay is building its international business in the hopes it will eventually outgrow its US
        Reuters  -  103 words
      • 122 11 Reuters [BANGKOK] Thailand's budget for the fiscal year starting Oct 1 assumes the economy will grow 7.5 per cent in 2005, faster than a consensus 6 per cent growth projected by analysts, the government said yesterday. "For 2005, the Thai economy is expected
        Reuters  -  122 words
    • 536 11 BEIJING Govt sees figure as setting stage for possible rate rise Reuters CHINESE inflation is moving near the 5 per cent rate marked as a threshold for a possible interest rate rise, the government said yesterday, even as it reiterated that economic cooling measures
      Reuters  -  536 words
    • 383 11 SUBANG No level playing field for HAS if airport is turned into hub for no-frills carriers MALAYSIA Airlines (MAS) has poured cold water on a proposal by the government to turn Subang airport into a hub for no-frills airlines, New Straits Times reported yesterday.
      383 words
    • 355 11 HONG KONG Investors take profit for fear of market correction A GROWING number of speculators in Hong Kong's office and residential market are rushing to take profits for fear of another market correction, the South China Morning Post reported yesterday, citing property agents.
      355 words
    • 310 11 AFP [HONG KONG] A battle to save a historic Hong Kong mansion from demolition has been won after its owner bowed to public pressure and took the 68-year-old building off the market, press reports said yesterday. The King Yin Lei mansion had
      AFP; AP  -  310 words

  • EDITORIAL & opinion
    • 715 12  -  THE bottom line OPINION Robert samuelson AMERICANS in the news business think we're impartial seekers of truth, but most Americans think otherwise. They view us as sloppy, biased and self-serving. In 1985, 56 per cent of the public felt news organisations usually got
      715 words
    • 80 12 'If you listen to the rumours, you go nowhere.' Mahmond Gaafar of the Egyptian Embassy in Berlin, on the health of President Hosni Mubarak, who is being treated at a Munich hospital. 'Hong Kong should not become polarised. We need to stand united.' Zeng Qinghong China's vice-president
      80 words
    • 599 12 EDITORIAL PRESIDENT George W Bush raised expectations about the future of Iraq when he said recently "the occupation will end" and the US would hand over "full sovereignly" to an interim government on June 30. But like much of the American rhetoric before and after the Iraq
      599 words
    • 1050 12  - Pricking a bubble but not letting all the air out As UK property prices keep rising relentlessly, the Bank of England has to tread carefully to avoid 'doing an Aussie' From Neil Behrmanii in London HOW do you deflate a property bubble without scuttling the economy? That is the big
      REUTERS  -  1,050 words
    • 600 12  -  COMMENTARY Iraq's oil revenue is being spent with impunity by the US By Andrew Cockburn LAT-WP NOW that Iraqi insurgents have discovered precisely where to aim their body blows at oil export facilities, Iraq is going to need all the money it can find. So it seems
      LAT-WP  -  600 words
  • Page 12 Miscellaneous
    • 216 12 CRYPTIC CROSSWORD ACROSS 28 9 DOWN 14 Wrong article about sick- tor, nothing more (4) ly Latin American food YESTERDAY'S SOLUTION 1 Separating if in smart envi- (8) Yt&itHUAY b bOLUTiON ronment (7) 16 Dreadful noise a din Across: 1 Appeased, 6 Pass 2 Swimmers appear delight- coming from many
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  • WORLD news
    • 502 13 NEW YORK No threat to overall economy even if regional prices fall, it says Reuters A STUDY that has important implications for Federal Reserve policy says there is no bubble in US home prices despite the price surge
      Reuters; AFP  -  502 words
    • 559 13 SYDNEY Agency says dual listing means double counting in S&P Global 1200 AFP INTERNATIONAL ratings agency Standard and Poor's yesterday undercut a bid by media giant News Corp to simultaneously list on the Australian and US stock exchanges in an attempt to
      AFP  -  559 words
    • 416 13 PARIS NYT JEAN-MARIE Messier, the former chief executive of Vivendi Universal, the French telecommunications and media group, was placed under formal investigation early yesterday on suspicion of share-price manipulation, providing false information and embezzlement as part of an inquiry into the company's accounts for 2000
      NYT  -  416 words
    • 403 13 NEW YORK AP DONALD Trump is betting that a US$l million investment he made in a dilapidated office building at 40 Wall Street in 1995 will fetch him at least US$4OO million when he sells the property today. The real-estate mogul confirmed that the
      AP  -  403 words
    • WORLD Watch
      • 105 13 Bloomberg [FRANKFURT] Deutsche Post, Europe's largest postal service, will raise 1.55 billion euros (553.2 billion) selling Deutsche Postbank shares, less than chief executive Klaus Zum winkel forecast, after investors baulked at the price. The company sold shares at 28.50 euros each, Mr Zumwinkel said at
        Bloomberg  -  105 words
      • 96 13 Reuters [NEW YORK] The mood of US consumers improved sharply in the latest week as lower petrol prices soothed a major source of concern, a report said yesterday. With so many Americans dependent on cars to get around, falling costs at the pump helped lift
        Reuters  -  96 words
      • 134 13 Reuters [TOKYO] Japan's trade surplus widened last month for the 11th straight month as exports to China held up despite concerns about Beijing's efforts to cool an overheating economy, government data showed yesterday. But the surplus 0f934.2 billion yen (5514.7 billion) was slightly below
        Reuters  -  134 words
      • 78 13 Bloomberg [SEOUL] South Korean consumer confidence fell to a three-year low in the second quarter, suggesting consumers aren't inclined to increase spending in coming months, a survey by the central bank showed. The consumer confidence index fell to 80 points in the second quarter from 84
        Bloomberg  -  78 words
    • 292 13 LONDON Bloomberg ASIA-FOCUSED Standard Chartered pic expects to boost its annual pre-tax profit 16 per cent. The company is "comfortable" about meeting analysts' earnings forecasts, the London-based lender said in a Regulatory News Service statement. The bank is expected to have a pre-tax
      Bloomberg  -  292 words
    • 597 15 NEW YORK Filed on behalf of over 1.5 m women, it accuses retailer of a number of discriminatory practices LAT-WP, Reuters, AP A US federal judge said on Tuesday he would allow a gender discrimination lawsuit to proceed against Wal-Mart Stores Inc
      LAT-WP,; Reuters,; AP  -  597 words
    • 403 15 LONDON AFP, AP PUBLICITY-SHY David and Frederick Barclay moved reluctantly to centre stage on Tuesday when they won the race to buy the Daily Telegraph newspaper, Britain's best-selling broadsheet, along with its Sunday sister title and the Spectator political weekly magazine. The
      AFP,; AP  -  403 words
  • Page 13 Advertisements
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    • 42 13 MERITUS MANDARIN SINGAPORE jjj MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: 6831 6291 COC Coffeehouse VBI let floor MERITUS MANDARIN tikUi 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
      42 words

  • 3230 14 Traiisactkni date: Jun 23 HONG KONG Vol HK Exchanges Clearing. .14.75 -0.20 8758 ■rui\T A HKRInt'l 2.28 0 08 938 ■L'ltlNA Avisionlnc 22 00 0 30 0 Look smart o IS imrh ->\<k km r 52 s* *"8*— x s u i assart 3 2 S 2 sflssszzzzss
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  • 2573 14 Transaction date.Jun 23 B KUALA LUMPUR Genting...... 15.50 0.20 392 Malaysia Airports Hldgs —1.37 unch 80 Rex Industry 136 001 12 Vo1 Sf 2el °-52 13 Malaysia Building Soc 0.65 -0.01 31 RHB Capital "l'm 001 1798 *1- fOW Globetronics Tech 0.53 unch 362 M Inf I Sh.pp.ng 12.00
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  • 873 14 Transaction date.Jun 23 atfcM— m a— m a— cm—t Allgreen 50c 0.28 0.905 -0.010 NOL 1.73 2.180 Blllntl US20c 0.39 0.750 +0.005 OCBC 943 12.100 +0100 CapitaLand a97 1290 Parkway H 25c 0.58 1.110 -0.010 Chart SemiCood 26c 1.14 1.340 People's Food HKSOc 0.35 1.040 -0.010 City Dev 50c
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  • 819 14 BONDS WARRANTS J* last Vol Com Emr 'Sbt Gear Cod« Company Sale +or 000) mtio Price tog Loft 3779 ASL Marine Hldgs W*****1 13.5 1 S3 36 3.63 46 3697 AcmaLtdW*****6 .0.S 1 50 677 1300 5 3602 Amtek W*****0 79.5 1 33 -3 1 46 12 3795 Autron W*****3
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  • Page 14 Advertisements
    • 35 14 uA Iff jL mI trades. Brokers' recommendations. Dividend table. I Tin-Hi si\i;ssTi.\ii;s I mmmmM H **v tu i. ylljjß K■■ The pages also cover transactions by directors and substantial shareholders. ml I y u can
      35 words

  • 5149 15 Transaction date.Jun 23 Vol Day La* Quote GrDiv Dtv GrYW Net MCap 52-Wk Td Last Vol Dm Lad Quote GrOty Mv GrYVf Mat ucao Lo Com P*7 1!*_± £???> u» s«« %Cvt nts% High Km codo ommm San cm if u. sSL cw w 25.5 6 5716 1st
    5,149 words
  • 57 15 5* 2 ,SL >■"»■«■ c»«. ON OTM MM MCa f I 1* w- PMW IwlWUi Or W d WO MOO CBS W«IUI> UVJ60 21JQ mm BDlUBTMh USJ74U mm IMWIfW US555 Ml »$M500.._ incited njoDiuso «w me wi«» 11,50 MO i4jo an jncmoo «a» .14 2 ,»so 'Ma 1*37
    57 words
  • 1637 15 J* 07 U« Q»ott GrGM Oh CrtW Mm 1Kb Im la* >* ♦<- f—I U» Nwr Mh» Q» m t3 2 ??Sf 1" to 125 125 125 14.5 rS",: ss ffiS g. i» js «s s r i;t *8 55 !S a»JS:_-=r 1 5 ,i S 431 >*.5
    1,637 words
  • 329 15 HO If U* Vol 0», UMOM 6«0* M» OrtV MCaa I— c—i Hwrnn Mi row w» L— »r» i+m C* Hf tiS ;ii >12 MU) AVJemngt A2S< A19KU *1 4 191 190 188 192 44 10t 5jB C 4111 MM C*haytoc20c HK720 2*1*2 MB OMungKongSOfc MKIJtO 240 6
    329 words

  • BizIT
    • 591 16  -  They're investing $20m to expand software vendor community, reports Tang Weng Fai Tang Weng Fai THE world's leading database software maker Oracle has joined Linux distributor Red Hat Inc in a $20 million initiative to expand the community of independent software vendors (ISVs)
      591 words
    • 274 16 Reuters [WASHINGTON] Consumers who allow their infected computers to send out millions of "spam" messages could be unplugged from the Internet under a proposal released on Tuesday by six large e-mail providers. Internet users also could be limited on the amount
      Reuters  -  274 words
    • 776 16  -  IT comment INFOTECH Bow Ironic that the free software been embraced by the very players it was meant to undermine kenneth james IN the jungle, the mighty IT jungle, the Linux deer sleeps tonight with the IBM elephant, the HP lion, the
      776 words
    • 516 16 Grantsdale chip to help turn PCs into heart of home entertainment Reuters [SAN FRANCISCO] Intel Corp, the world's largest chip maker, has launched a much-anticipated new chip designed to sharply improve and expand the power of personal computers. The chip, called
      Reuters  -  516 words
  • Page 16 Advertisements
    • 219 16 JE. wfte m N a ti° na l I Infocomm J Awards j IlPflSk,-, a RECOGNISING EXCELLENCE IN INFOCOMM INNOVATION m WB»: w1 I mMfPi **$5k JL Hi hp i INNOVATION Infocomm+lnnovation Mm Rewards :I 1 The National Infocomm Awards is back. 4 HP We are honouring the best and
      219 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 327 17 Bloomberg [LONDON] Oil-tanker rates for shipping crude from the Middle East to Asia fell for a fifth day reaching a four-week low as increased ship supplies for July prompted owners to reduce offers to secure contracts. S-Oil Corp, South Korea's third-largest oil refiner, booked a two-million barrel tanker
      Bloomberg  -  327 words
    • 287 17 SGX '000 Jun23 S$ +1- Vol CH Offshore 0.36 unch 181 ChuanHup 0.51 unch 347 Cosco Investment 0.73 -0.01 2615 CWT Distribution 0.46 unch 10 EzraHldgs 0.95 unch 0 Freight Links 0.09 0.01 320 GB Holdings 0.85 0.01 69 Jaya Holdings 0.78 -0.01 1434 K1 Venture 0.27 unch
      287 words
    • 505 17 Washington won't send troops against wishes of littoral states: Adm Fargo AP [KUALA LUMPUR] The United States will offer intelligence and training but no troops to help ward off terror or pirate attacks in the vital Malacca Straits shipping lanes, the US
      AP  -  505 words
    • 476 17  -  Goldman Sachs note sparks rumours on investment target By Donald Urquhart [SINGAPORE] Cosco Pacific, the listed terminal and container leasing division of China's largest shipping group, China Ocean Shipping Company, is reportedly negotiating for a stake in a container terminal operator at the Belgium
      476 words
    • 235 17 Bloomberg [TOKYO] Nippon Oil Corp, Idemitsu Kosan Co and other refiners have resumed fuel shipments after the second typhoon in a month tore through southwest Japan. Nippon Oil, Japan's largest oil refiner, resumed fuel shipments from its Osaka, Marifu and Mizushima refineries on Tuesday, said
      Bloomberg  -  235 words
    • 153 17 Reuters [LONDON] Peninsular Oriental Steam Navigation Co expects little change to market forecasts for 2004 profits after strong first-half trading in ports offset tougher conditions in ferries, the firm said yesterday. "It is anticipated that there win be no change, or a small increase,
      Reuters  -  153 words
    • 187 17 AFP [TALLINN] Eleven countries bordering the Baltic Sea have agreed to impose a ban within a year on the carriage of heavy fuel oil in single-hull tankers in the region. The 11-nation Council of the Baltic Sea States said in a statement following a
      AFP  -  187 words
    • AVIATION news
      • 108 18 PAGE Gemartrans 4 PACC Cont 5 Austral AL 5 Hamburg Sud 3 Pan Ocean 5 Bank Line 4 Hangli 4 Rickmers 5 BSA 4 Heung-A 3 SCI 4 B'tang Mas 5 IRISL 5 Seaward 4 CMA CGM 3 Kyowa 5 Senlim 3 COSCO 3 KMTC 3 Senator
        108 words
      • 1511 18  -  Faced with a reservoir of unredeemed miles that could top 10 trillion, most US carriers are quietly cutting the number of award seats and promoting their costlier premium-redemption plans By Christopher Elliott NYT [NEW YORK] WHEN Timothy Placek tried to cash in his miles
        NYT; AFP FILE PHOTO  -  1,511 words
    • 6945 22 thebusinesstimes EXPORT Ad ertlser ess cL* A Ad rt sef Vrss Voyage Telephone ET A ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Vovaoe TeleDhone I£v ame Name Number Number SIN Dest n Name Name Number Number SIN Desfn Name Name
      6,945 words
    • SHIPS IN PORT
      • 605 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BINTANJAYA BJ0474 J12 A/SIDE 24/06 010C ENA SUPPLY 1 SGE***** J15 A/SIDE 24/06 070C GAIA TRIUMPH 5 J15 A/SIDE 24/06 230C LONG YU 15A J7/8 A/SIDE 24/06 200C NIAGA 55 002/04 J11 A/SIDE 24/06 150C OCEANPRIDE 06/04 J10 A/SIDE
        605 words
      • 1470 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Vessel Out In Bth Berthing Un- Berth Vessel Out In Bth Berthing Un- Berth Name v °y Voy seq berthing Nmbr Name Voy Voy seq berthing Nmbr Name Voy Voy seq berthing Nmbr ACX MARGUERI 032S
        1,470 words
      • 99 23 Jull Canada: Canada Day. HK: HK Spe Adminis. Jul 4 USA: Independence Day. Jul 14 France: National Day. Jul 15 Brunei: HM The Sultan's Birthd Jul 15 SKorea: Constitution Day. Jul 19 Japan: Marine Day. Malaysia: Agung Birthday. Jul 21 Belgium: Belgian Nat Day. Aug 1 Switzerland: National
        99 words
      • 803 23 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        803 words
      • 601 23 Carbon 180 Ma* 986.7 0.3 14.3 0.04 46 0.02 Jun Density Water Residue AshAluminium Sediment No above E25 0 0 0 0 380 Ave 987.6 0.2 13.7 0.04 27 0.02 E 0 380 Max 991.9 0.6 17.7 0.07 49 0.07 KG/W3 v/v M/M M/M ppm method
        601 words
    • AIR & LAND transport
      • 427 24 Discount carrier is performing ahead of expectations, even as analysts advise caution Reuters [CANBERRA] Australia's biggest airline Qantas Airways Ltd said yesterday its new domestic discount carrier Jetstar was performing ahead of expectations and was likely to be profitable by July. International
        Reuters; AFP FILE PHOTO  -  427 words
      • 1070 24 Hijackers had turned off with ease device that signals a plane's identity and location LAT-WP [WASHINGTON] For 36 minutes on the morning of Sept 11,2001, Flight 77 raced from Ohio towards Washington, and not a single airtraffic controller knew where it was. The
        LAT-WP  -  1,070 words
      • 338 24 Govt throws state carrier a lifeline with loan guarante AP [ROME] The Italian government has agreed to guarantee a bridge loan in a bid to stave off bankruptcy at state-controlled airline Alitalia. Alitalia shares had been suspended on Tuesday pending the announcement, which
        AP  -  338 words
      • 268 24 Bloomberg [DUBLIN] The Irish government has proposed that Aer Rianta, the country's stateowned airport operator, be split into three companies to boost expansion. The State Airports Bill 2004 proposes that Aer Rianta be re-named the Dublin Airport Authority, and that two
        Bloomberg  -  268 words
      • 2037 24 PTT FLIGHT ETA FLIGHT CTD $0425 12)5 EK431 0325 VS7319 1415 VS7320 1240 BA7371 0405 BA7372 0915 MtftMe LH9771 1840 BA7382 2215 EK404 1405 $0426 1300 BA17 1720 BA7309 2250 0F31 0405 OF32 0915 S0230 1840 0F82 2215 EK348 1650 S0428 2325 0f388 1720 0F9 2250
        2,037 words
      • 298 24 Reuters [OSLO] Scandinavian airline SAS Group warned investors yesterday that it would fail to reach its earlier stated goal of a returning to profits in 2004 because of weak yields. SAS shares plunged 7.4 per cent in Stockholm to 59.25 Swedish
        Reuters  -  298 words
  • Page 17 Advertisements
    • 69 17 Your extra miles or no seats j PAGE 2 mi "0 I For advertising/subscriptions, call Bernard Ong: 6319 1645, Joe Wong: 6319 2062 HP: 9620 1327 Email: wongwsj@sph.com.sg For editorial matters/special features: Beth Jinks: 6319 5214, George Joseph: 6319 5772 Donald Urquhart: 6319 5197 Fax 6319 8281 Marketing/traffic: D Surendran:
      69 words

  • Page 18 Advertisements
    • 648 18 I Tmport NORTH AMERICA AUSTRALIA!NEW ZEALAND jSUPERSHUmE EXPRESS (SSX) AUSIBAUA VESSEL VOY Ld SIN PKG §——m P4O NEDUOYD SOUTHAMPTON 42W23 10/06 28/06 29/06 00a NINGtO 01W24 16/06 04/07 06/07 PtO NEDUOYD ADELAIDE 7SN OMIT 14/06 16/06 11/06 22/06 27/06 21/06 OOQ HAMBURG 03W25 23/06 11/07 13/07 ANI EMBLEM 07N 19/06
      648 words
    • 555 18 lines services represented by 'Members of Shipping Agenb. J"*"? logics J, 'n- Singapore Shipping Association ssoci ion ULY UNE MALE fVESSEL VOY ETA ETA ETA A P. KLANG SPORE MALI Koto Teguh XTGI29 25/06 05/07 Mold Carrier 748 '02/07 05/07 13/07 Maid Carrier 748 02/07 05/07 13/07 Princess Uly 0504
      555 words

  • Page 19 Advertisements
    • 782 19 MOI Combines C a range of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Also accopt hrtra-Asia Cargoes to: MISAN KWANGYANG SHANGHAI YAHHAH XIAMEN QMGDAO HUWAN J JAKARTA SURABAYA KAOHSIUHG IAHGKOK LAEM CHAIAHG lfoCjjM|W PASHt GwANG PiHANG PORT KHAHO For
      782 words
    • 1541 19 GENERAL AGENTS IN SINGAPORE 16 ItAFRfS QUAY #36-01 SALES/BKGS TEL: **********3 FAX: 6238 5321/24 rfIQTAR QHIPPINft PTF LTD HONGIfONG BUILDING OUTWARD (B/L) *****802 *****325/75 1 Atl *"»rrINU rI C L.I U smgapoko4BsBl INWARD(D/O) 6420 5786 *****379/49 REGNO *****1787G TIL 6226 1900 (MAIN) T/SHIPDEP *****825 *****3/6/46 JOHOR'S OFFICE: CR M0:**********0M CONVENTIONAL
      1,541 words

  • Page 20 Advertisements
    • 1170 20 K(>l OF I MAQ ENQUIRIES/BOOKINGS: *****344 FAX: *****433 E-MAIL: delm.mO<l«lm«t.com. DOCUMENTATIONS/OPERATIONS: *****837 FAX: *****177 HMMOOSSTIAPt UNK HUCOHTAtta SIRVICE TO WIST AFRICA vta ElffiOPl VOY SINGAPORE PORT KtUMC im«K PAKAR »AMHII MmunrHnrr rnOlii *»*i )M. m M n/u I« —W TPi Hyunda Fortune 322W 05/07 06/07 21/07 02/08 04/08 07/08 M/
      1,170 words
    • 758 20 MYANMA PQ FIVE STAR LINE (Myonmar National Line) Loading for Yangon VESSEL vor SIN PKI PEN PGU PAGAN 328W SID HPA-AN 320W SID SLD IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-2612*02 y^rasEaan® ACCEPTIM6 CONVENTIONAL CGO R VESSEL VOY HKG SIN PGU PKL KUC CRYSTAL HEART 7
      758 words

  • Page 21 Advertisements
    • 1366 21 VESSEL VOY SIN PKL PXB BAB DMM BIK CHABAHAR IKHORRAMSHAHR IRAN KORDESTAN PCL 8036 26/06 SKIP 07/07 06/07 15/07 17/07 WOT ***** IRAN SHAHRYAR PCL 8035 27/06 28/06 08/07 07/07 16/07 18/07 20/07 22/07 IRAN SATTARI PCL 8037 11/07 12/07 20/07 21/07 28/07 30/07 01/08 03/08 IRAN KORDESTAN PCL 8038
      1,366 words
    • 492 21 UK CONTINENT SERVICE Loading for ANTONIS RTM/ATW/BMN/UK/NAN STARLY RTM/ATW/BMN/UK/NAN Loads Singapore, EVW Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT ADN/HDD/JDH/AQA PLAMER DBI/ABU/DOH/BRN/DMM/KWT AMARYLLIS DBI/ABU/DOH/BRN/DMM/KWT GOLDEN SUN ADN/HDD/JDH/AQA 'Loads Singapore, EVW Malaysia, Indonesia USA SERVICE Loading for SIFNOS BAY CAM/NOL/NFK/SAV/TPC TAUROA POINT VCW/LAX/MZL •Loads EVW Malaysia, Indonesia
      492 words
    • 587 21 VESSEL VOY SIN PGU VKSfL ffli cm PAC BANDA 1239N 26/06 27/06 ALAMJAYA 2 8902 ?7/<u io/fu m =7-5/5— sissitin -a j#s— rAt l miN 29/06 29/06 PAC BHTAH 5254 01/07 04/07 »»NDA 1242N 30/06 01/07 ALAMJAYA 2 8903 04/07 07/07 mum um pi/07 02/07 PAC BANOA 1244N 03/07 04/07
      587 words


  • Page 23 Miscellaneous
    • 112 23 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers Ful1 circle line indicates calm or light and variable winds Rain x 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
      112 words