The Business Times, 15 July 2004

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Total Pages: 26
1 26 The Business Times
  • 16 1 MIT A (P) 023/03/2004 850 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial .com.sg THURSDAY, JULY 15, 2004
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  • 704 1  -  Ripley unveils US$350m idea; govt molls integrated entertainment plan By Vince Chong, Carolyn Quek [SINGAPORE] Singapore's theme attraction dream is fast taking shape, with USbased Ripley Entertainment revealing a possible US$35O million leisure-related investment here. This dovetails with news that the government is looking
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  • 770 1  -  Mitsubishi Tokyo, UFJ combination would overtake Citigroup in assets From Anthony Rowley in Tokyo UFJ Holdings, the smallest of Japan's mega-banks, announced yesterday that it was "proposing integration discussions" with Mitsubishi Tokyo Financial Group (MTFG), another of the big four, to
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  • 804 1  -  Company talking to major shareholders on new board seats By Jean Chua, Kenneth Lim [SINGAPORE] All three independent directors of Informatics Holdings will step down from the board at the end of this month. In an announcement to the Singapore Exchange yesterday, Informatics
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  • 82 1 8n 1,870.90 (-7.25) ST INDEX FUTURES 1,885.00 (unch) nsiMsci mm 227A3 (-0 69) SIMSCI FUTURES 228.70 (-1.60) Wednesday Change KLSE (OMP 845.02 -6.80 NIKKEI 225 11.356.65 -251 it7 HANG SENG 11,932.83 145,50 SET INDEX 652.79 lOil JAKARTA (OMP __.744.31 12.26 MANILA (OMP 1.565,14 7.69 TAIPEI WPI 5.623.65 -61.92 SEOUL
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  • 73 1 FOREX RATES US$ 8$ l!S$ (SS per ISS) 1.708 £(i:SS/S$ per 1.859 3.165 ElJRO(lIS$/S$/E). 1.237 1107 YEN 1091 64.10 KM 3.800 2.231 H KS 7.800 4.580 BAHT 40.77 2:1.94 RUPIAH 5170 RENMINBI 8.277 4.860 INDIAN Rl'PEE 45.99 27.00 AS 1.378 0.809 NZ$ 1.519 0.892 PRIME RATES SINGAPORE 515 MALAYSIA
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  • Page 1 Advertisements
    • 123 1 ■111 H I —Accounting I \Wm I 'Your Honour, just as an indication, giant PwC I will probably take the whole W emerges as new 1 morning of Friday with Mr Ban and S pore IPO IyMB finish him off—sony.' manager V V Pgs I SUkAir pilots I L 'I
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  • NEXT page
    • 938 2  -  Risk of greater govt legislation if listed companies lose shareholders' trust By Anna Teo [SINGAPORE] Some CEOs may have seen their work as little more than financial nitpicking. But now more than before, internal auditors are having their place in the sun. Well, probably
      REUTERS  -  938 words
    • 338 2 Birla family member dies, leaving 50b rupee group to aide AP [CALCUTTA] One of India's oldest and richest business families was in turmoil yesterday and preparing for a legal battle after the head of one of its branches left her billion-dollar company
      AP  -  338 words
    • 90 2 IN yesterday's article, "Low prices see brisk sales of landed homes," the quotes attributed to a Mr Tan were from Knight Frank's executive director Tay Kah Poh. Also, Mr Tay has clarified that Grange Residences condos that have been selling briskly in the first half of this
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    • 359 2  -  Recovery to lead to better payment performance in H2 By Chen Huifen [SINGAPORE] Defaults and late payments may have hit Singapore companies last year, but the situation is expected to improve with the economic recovery, according to credit insurance and management
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  • Page 2 Advertisements
    • 941 2 "TVrsh limited .-w (Incorporated in the Republic of Singapore) (Company Registration No. *****2094H) Registered Office: 190 MacPherson Road #07-08, Wisma Gulab, Singapore *****8 NOTICE OF TWENTY-SIXTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twenty-Sixth Annual General Meeting of the Company will be held at 190 MacPherson Road #09-00,
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    • 58 2 Incorporation services in all major jurisdictions Globed 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: SimonneToh T: +65 6535 3382 F: +65 6535 3991 E: singapore©ocra.com.sg
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  • FOCUS libel suit
    • 435 3 On geography, again Mr Khoo: "Let us not stray, otherwise we will go to Rome by the North Pole all right?" Mr Ban: "That seems to be a preferred route." Mr Khoo: "I want to take the direct flight. But you are forcing me to deviate via
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    • 936 3  -  David Ban disagrees that's the reason for call on Oei to declare his intention By Kenneth Lim SEEING Oei Hong Leong as a "pest", 98 Holdings director David Ban called for the tycoon to declare his intentions during the Nat Steel takeover
      Photos by WONG KWAI CHOW/ST  -  936 words
  • Page 3 Advertisements
    • 281 3 Jfyffux" has moved. With effect from 15 July 2004, our new address is: Hyflux Building 202 Kallang Bahru Singapore *****9 I Our main phone and fax lines remain unchanged. Tel: 6214 0777 Fax: 6214 1211 DLA is a major international law firm in Asia and Europe, with Because we are
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  • Page 4 Advertisements
    • 884 4 Cap/taMall Trust Unless otherwise defined, capitalised terms used in this announcement have the same meaninq as defined in the circular dated 21 June ?ond fth» "Circular") issued to unitholders of Capita Mall Trust ("Unitholders") in connection with the Extraordinary General Meeting of Unitholders held on 8 July 2004 NOTICE OF
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  • SINGAPORE companies
    • 728 4  -  It says rise due as much to lower yield expectations as to growth in payouts By Kalpana Rashiwala CAPITAMALL Trust's 77 per cent unit price increase since its listing two years ago was due almost equally to growth in distribution payouts as
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    • 437 4  -  By Andrea Tan SINGAPORE'S Real Estate Investment Trusts (Reits) are in a fund raising mode. A-Reit said yesterday it plans to issue $1 billion in debt to tap a wider investor base. The industrial property trust, which has been on the acquisition trail, will
      437 words
    • 511 8  -  China Paper is its first mandate here; it expects to lead 5 more this year By Taila Krishnakumar ACCOUNTING giant PricewaterhouseCoopers (PwC) has emerged as a brand new IPO manager in Singapore, and expects to lead roughly half a dozen companies to list
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    • 529 8  -  But SIA chapter of Alpa-S yet to reach deal with airline By Ven Sreenivasan SILKAIR pilots have signed their new Collective Agreement (CA) even as their colleagues at parent company Singapore Airlines (SIA) continue their long-drawn negotiations over wages and conditions. The 90-odd pilots
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    • 335 8  -  By Taila Krishnakumar REGIONAL fund managers now favour Malaysia and Singapore in terms of country allocations in Asia-Pa-cific ex-Japan, according to the latest Merrill Lynch Pacific Rim Fund Manager Survey. And while the region's fund managers polled in Merrill's monthly survey are more optimistic
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    • 699 8  -  HOCK lock siew andrea tan FOR 20 years, taking full control of Far Eastern Bank has eluded United Overseas Bank. To UOB chairman Wee Cho Yaw, it's an unfinished business. Could things change now? After all, Lee Chin Chuan, one of the two independent
      699 words
    • 318 9  -  It will build a new flagship showroom for the marque By Wong Wei Kong JARDINE Cycle Carriage (JC&C) will continue to be the exclusive dealer for Mercedes-Benz vehicles in Singapore until 2010 at least and will spend millions to build a new flagship showroom
      FILE PHOTO  -  318 words
    • 333 9  -  Its new industrial boilers are fuelled by biological waste By Chen Huifen WHILE other companies are worrying about rising oil prices, heating equipment specialist Devotion Eco-Thermal has turned the crisis into an opportunity by coming up with an industrial boiler that uses palm shells,
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    • 342 9  -  By Nande Khin LISTING aspirant BTelecom International Holdings said yesterday it aims to secure exclusive rights from the Chinese government to design and build telecommunications pipe networks in several provincial cities and towns in China. It then intends to sell or lease these
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  • 4358 4 UNIT TRUSTS FUNDS Commerzbank Asset Mat Com Global Finance Index Fd 0 948/ o 736/ SMSiM ."jig Com Global Telecom Index Fd _..0 476/ S» Eurooe 055/ Com Global hfo,ec lndex Wl 0.339/ n*iw Com Global Energy Index Fd 1.072/ SSiST** i Com Global Twf Index Fd 0.837/ n y\i
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  • Page 5 Advertisements
    • 302 5 INITIAL PUBLtO^QFFERIIVG j M M m. BTELECOM INTERNATIONAL HOLDUPS CO. LTD. Incorporated in Bermuda on 5 January 2004 Manufactures and supplies telecommunications pipes and telecommunications and other towers Provides telecommunications engineering services iC i' I \_i_Z^^^: Invitation in respect of 120,000,000 ordinary shares of US$O.O2 each comprising 102,000,000 New Shares
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  • SINGAPORE markets
    • 751 6  -  Compiled by VEN SREENIVASAN S'pore Airport Terminal Services July 14 dosing: $2.39 WE are reiterating our BUY recommendation ahead of the distribution of the special dividend. Valuation at current levels remains attractive and we believe concern over rising competition is exaggerated. Since the announcement of the Q4 results,
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    • 274 6  -  HOT STOCK WARRANT By Ven Sreenivasan SINGAPORE Technologies Engineering (STE) has been in the news in the past week, as analysts issued reports on the company after it posted a lower-than-expec-ted second-quarter earnings of $85.1 million. DBS Vickers and S&P
      Source: Bloomberg  -  274 words
    • 526 6  -  BT comment STOCKS r. sivanithy When 40 per cent of trading volume comes from just three stocks, you know it hasn't been a good day at the office. Such was the case yesterday, when the volume done in new listing
      Source: Bloomberg  -  526 words
    • 643 6  -  BT comment CURRENCIES But profit warning from chip giant Intel trims gains larry wee THE US dollar enjoyed an overnight respite following news of a narrower US trade deficit in May, but finished the Asian session off its overnight highs. Players suggested that the
      Source: Reuters  -  643 words
    • TRADES TO WATCH
      • 75 6 L&M Group Investments chief executive and deputy chairman Edwin Soeryadjaya's deemed stake in the construction, engineering and infrastructure group fell to 67.87 per cent from 75.17 per cent after investment vehicle Finewest Capital Ventures sold all its 566 million shares at one cent apiece
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      • 91 6 MAINBOARD-LISTED G&W Group, a supplier of concrete products and construction equipment, has decided not to exercise its options for 100 million new shares in engineering and trading company Oakwell Engineering, leaving its deemed shareholding at 57.73 per cent. G&W, a unit of Koh Brothers
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      • 97 6 HORIZON Education and Technologies president Faisal Alsagoff (right) was forced to sell 400,000 shares at 13 cents apiece last Friday to meet obligations by financial institutions. The director's shareholding in the IT solutions provider now stands at 3.71 per cent, down from 3.79 per cent.
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      • 58 6 US mutual fund manager the Capital Group Companies' deemed interest in Singapore Post rose to 6.24 per cent from 5.17 per cent last Thursday after 20.4 million shares were bought on the open market at undisclosed prices. Shares of SingPost gained 1.5 cents, or 1.9
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      • 85 6  -  Compiled by KENNETH LIM FOOD magnate Sam Goi, also known as the "Popiah King", continued to buy shares of Super Coffeemix Manufacturing on Tuesday with an openmarket purchase of 100,000 shares at undisclosed prices. Mr Goi also bought another 20,000 shares on the open
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    • Article, Illustration
      412 6 OTHER SINGAPORE INDICES Jul 14 VALUE CLOSE BTOB/OS -98.00 -203.00 BTCAM -*****.00 -188.00 BT 10-day MA -*****.00 -9.00 Afl-SG Equities 495.24 -2.45 SG Equities Elect 157.87 -1.66 SG Equities Fm 1561.00 +7.69 SG Equities Prop 430.52 -5.72 SiMSCI 227.43 -0.69 SiMSCI Futures 226.70 -1.60 Stocks Vohjme China Paper US4c 135,260.000
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  • BLUE chips
    • 1070 7  -  But impact of new contracts will be felt only in the future, writes WONG WEI KONG WONG WEI KONG Half way through the year and the bears appear to have got it right on Singapore Technologies Engineering (STE): 2004 is turning out
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  • Page 7 Advertisements
    • 30 7 I I Recruit the one you want for any position you have m mm fl[ m Call 1800 289 8822 or email reavH@sphxom.sg for your recruitment solutions FTTSftIRfS EiL&SjliuUl I
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    • 195 7 JBHHH CiD toO-free 1800 289 8822 ■otice»»tpfc.w Jg IN THE MATTER OF THE COMPANIES ACT. CAP. SO And IN THE MATTER OF HAYMARKET SMT PUBLICATIONS PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF RESOLUTIONS The following resolutions were duly passed by all the shareholders of the Company on Friday, 9
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    • 73 7 I,V.SK Objective When you set your sights on achieving a business objective, there may be new tasks to perform. Is speaking Mandarin one of them? y' <J\ m. f i I MANDARIN v«) J* ii r/S--—C v -> l A. I ml II Clarity-one of the many reasons why premier
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  • 1619 8 SICOM FUTURES Jul 14 RUBBER Futures (Closing prices) RSSKScentsAg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 04 223.25 Sep 04 218.50 Oct 04 ***** Nov 04 215.00 Dec 04 215.00 Jan/Mar 05 217.50 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Aug
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  • Page 9 Advertisements
    • 20 9 Company with potential to list on MESDAQ in 18 months Sale Price RM3.OM Prospective purchasers (Principals only) Email to llvlamaxieyahoo.com
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    • 187 9 r J j- «w W USE ITiDON'T IOSC'fTi Competition In the race to get new business, you'll probably have to venture abroad and expand your horizons. jirig zheng Is speaking Mandarin one of them? MH, I -o i A I WF —gaBIM lib 1 'liM lilfW P!"' n faJWj iTI
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  • EXECUTIVE suite
    • 567 10  -  Two sites are on 30-year leases, the third is on the usual 60-year lease By Vince Chong TWO sites on 30-year leases have been placed in the government industrial land sales reserve list for the second half of 2004. They join one other
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    • 244 10  -  By Vince Chong THE Housing Development Board's Selective Enbloc Redevelopment Scheme (Sers) has overwhelming public support, judging by the results of a survey of more than 3,000 households in 10 completed schemes. Of these, more than 80 per cent upgraded to bigger flat
      FILE PHOTO  -  244 words
  • Page 10 Advertisements
    • 329 10 HB ROBINSON 112 ROBINSON ROAD Prime office space for lease Minutes to Tanjong Pagar and Raffles Place MRT stations 1,200 sq ft onwards Competitive rental Call 6748 7522 <©) for enquiries HO BEE GROUP Protecting your rights? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our
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    • 900 10 a AAJE MAE ENGINEERING LTD J In (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 149 Rochor Road, #05-13/15 Fu Lu Shou Complex, Singapore *****5, on Saturday, 31 July 2004 at 10.30 a.m., for the purpose
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    • 549 10 IN THE HIGH COURT Of THE REPUBLIC Of SINGAPORE Componies Winding Up I No 128 of 2004/R In the Matter of the Companies Act (Cap SO) And In the Matter of ACT RENOVATION WORKS PTE LTD (RC No. *****4449K) ADVERTISEMENT Of PETITION NOTICE is hereby given that a Petition for
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  • SINGAPORE news
    • 360 11  -  Conditions of access for business on both sides improve, says joint statement By Daniel Buenas THE Singapore-Australia Free Trade Agreement (Safta), which has been in force for less than year, has already seen "improved conditions of access" for business on both sides, senior trade
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    • 502 11  -  By Jessica Cheam HOMEGROWN shoe chain Charles and Keith has taken a big step overseas this time venturing into the Middle East in response to the government's call to explore the region's market potential. Charles and Keith yesterday signed its first international master franchise
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    • 195 11  -  By Tang Weng Fai STARHUB'S digital voice and broadband services were disrupted yesterday across parts of the island. "There was an isolated technical glitch in part of our broadband network, which was rectified by switching to a backup system," said its spokeswoman Cassie Fong. "This may
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    • 304 11 THE Ministry of Finance (MOF) has invited members of the public to comment on the proposed amendments to the Goods and Services Tax Act (GSTA), Property Tax Act (PTA) and other tax legislative amendments relating to Limited Liability Partnerships (LLPs). In a statement released
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    • 393 11  -  Olympus, Waseda University launch five-year project at S'pore institute By Gea Swee Jean DIGITAL camera and medical equipment-maker Olympus Corporation and Japan's Waseda University have agreed on a 500 million yen (Ss7.B million) five-year plan to fuel brain research at their Singapore-based Waseda-Olympus Bioscience
      BLOOMBERG  -  393 words
  • Page 11 Advertisements
    • 107 11 USE i'TS DON'T »V > V 4* r ii < Assets Every business has a value attached to it. However, when it comes down to you, what value do you add? zl chan Is speaking Mandarin one of them? 4 JO" VW *<rlP if 1 1" 7 f k» ,x
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  • EDITORIAL & opinion
    • 778 12  -  THE bottom line OPINION Robert samuelson ALMOST everyone in the news business loves political campaigns, but not me. It's true that campaigns are fun, dramatic and significant Covering these slugfests blends sports reporting and instant history. Meanwhile, we can flatter ourselves that we're making
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    • 43 12 'I continue to grieve over the loss of the company and my failure at not being able to save it But failure does not equate to a crime.' -Ken Lay former Enron chairman, who faces a 30- year prison sentence.
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    • 668 12 EDITORIAL THE gloss is back in the GDP of most of the South-east Asian economies, and the relief, if not overt delight, among the governments is palpable. Other than in Thailand perhaps, policymakers across the region are seeing their economies running in line with, if not ahead
      668 words
    • 978 12  -  Opposition DPJ's good showing at Sunday's Upper House elections is a further step in that direction From Anthony Rowley in Tokyo JAPAN'S progress towards becoming a two-party democracy often seems agonisingly slow but Sunday's Upper House election, in which the Liberal Democratic Party
      AP  -  978 words
    • 670 12  -  COMMENTARY By William Pesek Jr Bloomberg FROM his office window overlooking Jakarta's skyline, Satish Mishra can see a Starbucks, a Marks Spencer and a Sogo department store. The United Nations economist is tempted to read the success of these upscale names here as a manifestation of
      Bloomberg  -  670 words
  • Page 12 Miscellaneous
    • 192 12 CRYPTIC CROSSWORD 27 Approaching enemy without king gaining prominence Australia first had mechani- YESTERDAY'S SOLUTION (6 2,3,4) 7 m 9a A^V S L, instance is AcrOSS: 1 5 9 DOWN sS, a aS* Restrain 10 s P ila| l l Executor, 1 Skill needed to get centaur 10 In places
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  • Page 13 Advertisements
    • 2240 13 GPsNDUSTRIES GP Industries Limited (Incorporated in the Republic of Singapore) ACRA Reg. No. *****2128 C Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Industries Limited (the "Company") will be held at Pisces Aquarius, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina
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    • 2287 13 THAKRAL CORPORATION LTD (INCORPORATED IN SINGAPORE WITH LIMITED LIABILITY) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of Thakral Corporation Ltd (the "Company") will be held at Ballroom I, Level 2 Grand Plaza Parkroyal, 10 Coleman Street, Singapore *****9 on Friday, 30 July
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  • REGIONAL news
    • 484 14 KUALA LUMPUR Petronas-linked shares slip, but no major strategy change is expected Reuters THE chairman of Petronas, South-east Asia's biggest oil company, died yesterday, leaving the board of the Malaysian firm in search of a new leader as it looks worldwide for
      Reuters  -  484 words
    • 461 14  -  From Eddie Toh in Kuala Lumpur SINGAPORE investment company Temasek Holdings may have teamed up with the younger brother of Malaysia' deputy prime minister and others in its maiden bank buy for close to half a billion ringgit, according
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    • NOTEBook
      • 94 15 Reuters [SHANGHAI] Industrial and Commercial Bank of China, the country's biggest lender, posted a 16.2 per cent jump in first-half operating profit to 38.8 billion yuan (SsB billion), the official Shanghai Securities News said yesterday. ICBC, which aims to float shares by 2006, had
        Reuters  -  94 words
      • 101 15 Reuters [BEIJING] Bank of China, the country's largest foreign exchange lender which is gunning for an eventual stock listing, expects to pick strategic foreign investors by the end of August, Wang Zhaoen, general manager of the bank's executive office, said yesterday. The bank
        Reuters  -  101 words
      • 63 15 Reuters [HONG KONG] A model presenting a creation by South Korean brand Ansmode stands behind a decoration panel during the Hong Kong Fashion Week for Spring/Summer 2005 yesterday. The four-day trade fair features 517 exhibitors from Hong Kong and 10 other countries including China,
        Reuters  -  63 words
      • 148 15 Reuters [BOMBAY] HDFC Bank Ltd, India's third-largest bank by market value, yesterday reported its quarterly profit rose 30 per cent, meeting expectations, as three-decade low interest rates fed a lending boom in a rapidly expanding economy. Privately managed HDFC Bank, part of a group
        Reuters  -  148 words
    • 345 15 SHANGHAI Only 11% made money as Shanghai index tumbled in H1 AFP MORE than 70 per cent of China's retail investors lost money in the first half of 2004, a survey showed yesterday, in a sign its stockmarkets remain rickety and in
      AFP  -  345 words
    • 216 15 SHANGHAI AFP CHINA said yesterday it would not ease measures aimed at cooling the economy anytime soon as decision makers await further evidence of the effectiveness of the policies introduced over a year ago. "We are still at a critical stage for
      AFP  -  216 words
  • 4561 14 Transaction date: Jul 14 HONG KONG Vol HK Exchanges ft Clearing..16.65 unch 4106 HK$ *1- '000 HKRInfl .2.38 -003 1138 Hong Kong Electric 3240 -0.20 1508 Aeon Credit 4.85 unch 0 Hongkong Chinese 0.93 unch 284 Aeon Stores 5.45 unch 6 Hopewell Holdings 14.90 -0.65 754 Alpha General
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  • Page 14 Advertisements
    • 1043 14 o J< JK TECHNOLOGY GROUP LIMITED (Incorporated in the Republic of Singapore on 28 November 2002) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of JK Technology Group Limited will be held at Meritus Mandarin Singapore, ACT 1, 35th Floor, Grand Tower, 333
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    • 139 14 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. in the Name of No. of Share* SBS Transit l td *****37 Ong Boon Huat I x 200 Keppel Corporation l.td *****55 Au Weng Kheong I X 250 Lawrence United Pulp Paper
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  • Page 15 Advertisements
    • 938 15 Call toll-free 1800 289 8822 TASTYFOOD HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of TASTYFOOD HOLDINGS LTD will be held at 308 Quality Road, Singapore *****6 on Friday, 30 July 2004 at 9.30 am for the following purposes:AS ORDINARY BUSINESS:1.
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    • 3157 15 a n^m BOUSTEAD SINGAPORE LIMITED Sine* Is2s NOTICE IS HEREBY GIVEN that the Annual General Meeting of Boustead Singapore Limited (the "Company") will be held at 63 Übi Avenue 1, #06-01 Boustead House, Singapore *****7 on Friday 30 July 2004 at 3.00 pm to transact the following businesses: As Ordinary
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  • Article, Illustration
    1082 16 Transaction date: Jul 14 PfTERBAMK CROSS RATES AS C$ Rmb Euro HK$ Ind Rs Ruplah Yen Won BM NZ$ Pak Rs Peso S$ Rand Sfr NTS Batit Pound US$ Australia 0.956 6.008 0.587 5.662 33.384 65.150 0.793 8369 2.758 1.102 42.255 40.542 1.236 4.430 0.895 24.525 29.599 0.391 0.726
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  • WORLD news
    • 581 16 LATEST US INDICATORS Analysts say the weaker numbers may delay further interest rate hikes Reuters Bloomberg AP [WASHINGTON] US retail sales slid a larger-than-ex-pected 1.1 per cent in June, the Commerce Department said yesterday in a report showing the stalwart American consumer
      Reuters; Bloomberg; AP  -  581 words
    • WORLDWatch
      • 73 16 Bloomberg [NEW YORK] Morgan Stanley, the US securities firm, is being investigated by the Securities and Exchange Commission on fees it charges on some index funds, according to an SEC filing. The probe into index fund pricing is part of the SEC's inquiries into
        Bloomberg  -  73 words
      • 41 16 Reuters [SYDNEY] Australian consumer confidence jumped to its highest level in a decade in July, boosted by new tax cuts. The Westpac-Melbourne Institute consumer sentiment index rose 4.5 per cent to 119.5, its highest since July 1994.—Reuters
        Reuters  -  41 words
      • 59 16 AP [MIAMI] Burger King Corp named a former president of Continental Airlines and turnaround specialist to be its new chief executive. Greg Brenneman, 42, is currently chairman and CEO of private equity firm Turn Works. He will join Burger King on Aug 1 and will
        AP  -  59 words
    • 504 16 NEW YORK Reuters BANK of America Corp (BOA), the No 3 US bank, yesterday said quarterly profit rose 41 per cent, better than expected, reflecting the acquisition of Fleetßoston Financial Corp and strength in consumer and commercial banking. The Charlotte, North Carolina-based
      Reuters  -  504 words
    • 606 17 SAN FRANCISCO It cites rising sales of less profitable flash memory chips, motherboards LAT-WP Reuters INTEL Corp reported a near-dou-bling of profit in its fiscal second quarter on Tuesday, but the results were overshadowed by a warning that its gross
      LAT-WP; Reuters  -  606 words
    • 322 17 LONDON Reuters WARREN Buffett, the world's second-richest man, is backing a plan to buy up small publicly listed insurers operating in the Lloyd's of London insurance market, the Financial Times website reported yesterday. Mr Buffett's Berkshire Hathaway Group is described as a "cornerstone" investor
      Reuters  -  322 words
  • Page 16 Advertisements
    • 237 16 7save tax Our qualified professionals A j can assist you with offshore structures, shelf companies and incorporations in ALL aUIR jurisdictions Including: British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets
      237 words
    • 210 16 Euro-Asian Buffet Lunch Dinner Indulge in the best of two culinary worlds as we bring you the best of international cuisine. Highlights include Roti Prata from Singapore. Sashimi and Califbrnian Hand Rolls from Japan, Fresh Oysters, Soft-shelled Crabs, Braised Oxtail from Europe and lots more. Monday to Sunday (except Saturday)
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    • 46 16 Come watch a bevy of beauties show off the latest in leisure wear. It's also Happy Hours from 3pm to Bpm on weekdays dayweekends. is:ttii[>wrrc] RAFFLES MARINA lOTuas West Drive *****04 Tel: 6861 8000 Fax 6861 1020 Email: ahoy raffles man nacom sg Web Site: www.rafflesmanna.coni.sg
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    • 36 16 MERITUS MANDARIN SINGAPORE MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: 6831 6291 Coffeehouse MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
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  • 7121 17 Transaction date: Jul 14 52 WV Td Last Vol Day Last Quote GrOiv Dtv GrYM Net MCap High Low Code Company Sate COOP) High Low Buyer S«l» S Cw P/t SmS 255 7 5 5716 1st Software 5c 9 5 -0.5 1868 10 9.5 9.5 10 37.7 57.9
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  • 73 17 JH. r L*t Vol Day IM Quote OrOfV Div GrVW MM MOp Higll Low Cod. Cowp—y S»te W- (HM) HMi low »uyr So«or Cvr WE jU& 2060 2000 6065 Diamonds US2060cd 2140 6095 IS 0J US Tech US3740 6097 IS MSG Spore US555 6101 IS SAPSOO US8270 **********
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  • 2035 17 J* Lat Wl Day List Quote GrOtv Ov GrYM Not MCap Hi» Low Codo Company Sale W- C000) Hi* Low Onyr So«or Cw HI fcj 26 12.5 MOO ABRHIdgsSc 15 undi 17 15 15 15 15.5 28.! 7 H J1 .a icS*!!? —2 s 5 128 30 5
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  • 347 17 S2 Wk T«t Last Vol Day Last Quote GrOtv Otv GrYM Net MCap Low Code Company Mo W- 000 Hi0i Low S«fcf Cw WE VnS 228 143 6000 AVJennings A25c A180 -3 45 181 180 179 182 44 10.6 6.1 5.7 3874 6001 Cathay Pac 20c HK720 265
    347 words

  • 2372 18 Transaction date: Jul 14 KUALA LUMPUR <j« ntin 9 1530 unch 315 Vo l George Kent 0.80 unch 43 RM *1- C000) Globetronics T ech 0.50 -0.01 2237 Glomac Bhd 2.44 -0.01 542 A M Realty 1.45 unch 13 Gold Bridge Engrg 0.37 unch 2799 Abric .0.60 -001 320
    2,372 words
  • 863 18 Tcansaction date: Jul 14 wt O— d—1 Stodi name WW Otm Change Allgreen 50c 0.30 1.000 -0.020 NO. 1.75 2.300 BIL Intl US20c 0.38 0.750 OCBC 9.67 12.700 +0.100 CapitaLand 1.03 1.440 -0.030 Parkway H 25c 0.54 1.090 -0.010 Chart SemCond 26c 108 1 320 -0.010 People's Food HKSOc
    863 words
  • 822 18 BONDS WARRANTS Pmn Expiry Tol Last Vol Com bor Disc Gtar- Mttu Code Company Sale +or- ('000) Mtio ftrlto ing loft ABNf*****3S ADBn 1 845%*****5S 3779 ASL Marine Hldgs W*****1 14 1 53 37 3.50 45 3697 Acma Ltd W*****® .0.5 1 50 742 12.00 4 3602 Amtek W*****0 JO
    822 words
  • BizIT
    • 668 18  -  Large Asian players now influence the huge and diffused semicon market and the real driver is consumer electronics IT comment INFOTECH raju chellam RIGHT on the heels of fund majors Merrill Lynch, Goldman Sachs and BNP Paribas downgrading their outlook for semicon stocks comes
      668 words
    • 543 18  -  Region grew 43% last year, versus 31% global average By Tang Weng Fai STORAGE maker Network Appliance (NetApp), already the top seller of network attached storage in the AsiaPacific region, will accelerate its efforts to enable the region to provide up to 16 per
      AP  -  543 words

  • SHIPPING TIMES
    • 613 19  -  Bat US still likely to deny seafarers shore leave if they don't have visa By Donald Urquhart [SINGAPORE] The new bio-metric-based identity document for the world's 1.2 million seafarers could be in use in just over six months as global testing
      613 words
    • 74 19 [PUSAN] South Korean maritime policemen on a patrol boat at a port in Pusan, about 420 km south-east of Seoul. South Korea has issued a government warning against potential terror attacks on local shipping firms after an Islamic militant group threatened on a website that companies delivering
      AFP  -  74 words
    • 323 19 Deal with Oman Shipping to build vessels for Oman's Qalhat LNG project Bloomberg [TOKYO] Mitsui OSK Lines, Japan's second-largest shipping company, and Japanese trading companies Mitsubishi Corp and Itochu Corp signed agreements on Tuesday with Oman Shipping Co to build four liquefied natural gas
      Bloomberg  -  323 words
    • 293 19 SGX '000 Jul 14 SS W- Vol CH Offshore 0.38 unch 767 Chuan Hup .0.52 unch 1414 Cosco Investment 080 -0.01 6340 CWT Distribution 0.49 unch 0 EzraHldgs 1.00 0.01 61 Freight Links .0.10 unch 280 GB Holdings 0.88 unch 18 Java Holdings 0.88 -0.01 2958 Kf Venture
      293 words
    • 335 19  -  North of England describes hostility of governments as disproportionate From David Hughes in London SHIPOWNERS need to speak with one voice if they are to stop the seemingly unrelenting campaign by the world's governments to penalise and criminalise the shipping industry, according to
      335 words
    • PORTShots
      • 63 19 Bloomberg [BEIJING] Cosco Shipping Co, a unit of China's biggest shipping company, forecast first-half profit probably surged more than 150 per cent from a year earlier. The company did not give a figure in a statement published in the Securities Times newspaper. Cosco Shipping's
        Bloomberg  -  63 words
      • 75 19 Bloomberg [STOCKHOLM] Frontline Ltd, the world's biggest oil tanker owner by capacity, agreed to pay U*****.5 million to take over two contracts for new very large crude carriers to be delivered in 2006. Frontline will initially pay only 10 per cent of the price
        Bloomberg  -  75 words
      • 83 19 SNNi/AIM [MAPUTO] The cargo vessel Pongola, registered in Antigua and Barbados, that had run aground at the entrance channel to the central Mozambican port of Beira, was refloated on Monday, reports Tuesday's issue of the Maputo daily paper Noticias. The ship ran aground about a week
        SNNi/AIM  -  83 words
    • 592 20  -  NEWBUILDS By David Hughes AFTER a few quiet weeks there are now some hefty contracts to report. Again orders for LNG carriers steal the limelight with six such vessels being ordered. As is usual with these sophisticated and expensive vessels, the newly ordered vessels are
      FILE PHOTO  -  592 words
    • 106 20 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 3 CMACGM 3 COSCO 3 China Shpg 4 Crocodile Line ....4 Delmas 4 Dongnama 3 Eukor 2 ECL 3 Foong Sun 4 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 IRISL 5 Jesselton 5 Kyowa
      106 words
    • 7219 23 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Vouane T»i»nhnn» rTA fta Art u .rt,«»r ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number To BANDAR ABBAS (BNO) 2036 Iran To ABIDJAN (ABJ) 2003 Cot*
      7,219 words
    • SHIPS IN PORT
      • 691 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E4170 J3 A/SIDE 14/07 0230 DONGYIH ***** J6 A/SIDE 14/07 1500 KEN KOKU UC 168 J23 A/SIDE 14/07 2300 MARC0P0L0 68 01/04J J15 A/SIDE 14/07 0630 PINE BRIGHT 112 J4/5 A/SIDE 14/07 1200 A KAMBING 1 JB4701 J4
        691 words
      • 1764 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX SAKURA 032N 032N 1 16/07/2004-08:00 16/07/2004-17:00 ALSABAHIA C295E C295E 1 17/07/2004-17:00 18/07/2004-04:00 AN DA 4167 4167 1 14/07/2004-23:59 15/07/2004-05:59 P06 ANDREAS 2715E 1714W 1 14/07/2004-22:00 15/07/2004-23:59 K18 ANEMI 04N
        1,764 words
      • 130 25 Jul 15 Brunei: Sultan's Birthd. Jul 15 SKorea: Consti Day. Jul 19 Japan: Marine Day. Malaysia: Agung Birthday. Jul 21 Belgium: Nat Day. Angl Switzerland: Nat Day. Aug9 Singapore: Nat Day. Angl2 Thailand: Queen's Birthday. Aug 15 France: Assump Day. Belgium: Assump Day. India: Indepen Day. S Korea:
        130 words
      • 763 25 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        763 words
      • 624 25 c rtK)n 180 Max 976.5 0.3 W.3 0.03 24 0.01 •>"' 8 Density Water Residue AshAluminium Sediment No above E25 0 0 0 0 0 0 380 Ave 989.1 02 14.6 0.04 20 0.02 Ciimi 380 Max 1013.5 0.6 17.9 0.06 48 0.03 K6/M*3 H v/v
        624 words
    • AIR & LAND transport
      • 612 26 Boeing is betting mid-sized 7E7 will be more profitable than Airbus' 555-seat plane Bloomberg [CHICAGO] Boeing Co chief executive officer Harry Stonecipher said the company would make a satisfactory profit by selling 1,000 7E7 airplanes over 20 years, at most
        Bloomberg  -  612 words
      • 382 26 Bloomberg [FRANKFURT] Fraport AG's Frankfurt Airport, Europe's second-busiest airfield, handled 5.1 per cent more passengers in June as economic growth in the US and Asia encouraged intercontinental travel. The number of travellers using Frankfurt Airport rose to 4.5 million people, Fraport said. Cargo handled
        Bloomberg; FILE PHOTO  -  382 words
      • 335 26 Programme may be scaled back on privacy issues Reuters [WASHINGTON] Privacy concerns may prompt the government to scale back plans for a major upgrade of a computer system that assesses airline passengers for security risks, a Bush administration official said on Tuesday. David Stone, the
        Reuters  -  335 words
      • 238 26 Reuters [CHICAGO] Delta Air Lines on Tuesday said it will take a US$l.65 billion non-cash charge in the second quarter largely related to income taxes. The No 3 US airline, which has warned it could face bankruptcy without major cost cuts, said it
        Reuters  -  238 words
      • LOGBook
        • 74 26 ANEX-VNA [HO CHI MINH CITY] Qantas has recently opened a representative office in Ho Chi Minh City. The office will work as a multi-functional centre, supplying package services to passengers in Vietnam flying with Qantas to different destinations worldwide. With its partner Vietnam Airlines,
          ANEX-VNA  -  74 words
        • 79 26 Reuters [BRUSSELS] The European Commission proposed on Tuesday to create one license for EU traffic controllers as part of an effort to better manage the growing airline traffic in crowded European skies. "The new Community licence aims at harmonising the licensing systems for controllers
          Reuters  -  79 words
        • 79 26 AFP [KUALA LUMPUR] Malaysian rescuers yesterday continued to search for seven people aboard a helicopter feared to have crashed in the jungles of Borneo, after a report they had been found proved false, police said. The helicopter was carrying an assistant minister of eastern
          AFP  -  79 words
      • 520 26 It wants to widen price gap with bigger rivals to win more passengers Bloomberg [TOKYO] Skymark Airlines Co, Japan's largest discount carrier, plans to cut fares by as much as 20 per cent to take customers from Japan Airlines Corp
        Bloomberg  -  520 words
      • 317 26 NYT [TOKYO] Airlines the world over are converging on Japan to woo business-class passengers with upgraded services now that the economy has recovered. Last week, British Airways staged a campaign in the Marunouchi business district of Tokyo. The airline displayed
        NYT  -  317 words
      • 2143 26 CITY FLIGHT ETA FLIGHT ETO an FLIGHT ETA FLIGHT ETO 0*638 1130 0R639 0745 AMiMt LH9771 1840 8A7382 2215 *0427 0730 EK405 0210 S0230 1840 0F82 2215 S0425 1215 EK431 0325 AnsttrdM S0323 0615 GA974 0130 t* 404 1405 S0426 1300 KL837 1450 KL838 2255 EK348
        2,143 words
  • Page 19 Advertisements
    • 17 19 Sales of 1,000 7E7 jets will be enough: Boeing BACKPAGE Frankfurt Airport June numbers up 5% BACKPAGE
      17 words
    • 170 19 \ha- 1 n z'n\ n a: the apparent boundary between earth and sky b: scope of perception or experience c: something that might be achieved For 120 years, MOL has been looking beyond national boundaries to new shipping routes, destinations, ideas and partnerships. As a leading full-service shipping company, we
      170 words

  • Page 20 Advertisements
    • 713 20 1 IMPORT I NORTH AMERICA AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (BSX) AUSTRALIA ASIA EXPRESS (AAX) I rasa yor 100 m 1 >o. I m I sn I wi I «d> I m I sx I m Homummmu, mn„ w» w ST 03/07 «/o, „/.7 13/07 "575T 7*o HHHIOTO KOBE
      713 words
    • 549 20 ft/tft&ttiQat&m. Bi.lt*** l represented by ifswkVi M em b ers of °f itfyg Accredited Shipping Agents, \»my Singapore Shipping Association Members of the ISS Singapore Logistics Association g ULY UNE MALE Zmstl VOY HA ETA ETA P. KLAHG SPORE MALE Maid Carrier 748 12/07 15/07 25/07 Kota Teguh XTGI3I 20/07
      549 words

  • Page 21 Advertisements
    • 1017 21 MOl Combines 7— a range of skipping modes to ensure timely, reliable services covering major ports in Norm America, Europe, Japan, Asia, Africa Oceania. Also acapt Intra-Asia Cargoes to: BUSAN KWANGYANG SHANGHAI YANIUN XIAMEN QMGDAO BEUWAN JAKARTA SURABAYA KAOHSIUNG BANGKOK LAHW CHABAHG HOCHIWINH PASIR GUDAHG PtNAHG PORT KEAHG For Schedules,
      1,017 words
    • 1039 21 GENERAL AGENTS IN SINGAPORE: lonSGKnC OuSrtL M™' 43 *****321/24 COSTAR SHIPPING PTE LTD ©gST ISTff ggj ■aniimiim JflS" 3S3S JOHOR'S OFFICE: mKII CONVENTIONAL *****850 *****208 COSTAR AGENCIES (M) SDN BHD TEL 07-353 8166 FAX: 07-353 8170 MONTHLY DIRECT CONTAINERISED SERVICE TO SOUTH PACIFIC ISLANDS OF: SUVA LAUTOKA (FIJI) PAPEETE (TAHITI)
      1,039 words
    • 679 21 VESSEL VOY SIN PGU HCM HUG" KYH PUS [VESSE^^^|VOY^ mm m._2HZL_zi/z__23ZZ =j_ ram bridge ossa ~nn I ib/7 n GOLDEN MERCHANT 423W 27/7 28/7 30/7 z_ NEW DYNAMIC 065 A 22/7 I 24/7 GOLDEN TRADE 40SN 3/8 4/8 6/8 BItIDGE OS9A 29/7 31/7 Cahg H6 Od-Slwom 'VSI coftng botti Nonti
      679 words

  • Page 22 Advertisements
    • 985 22 UUf WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESSEI VOY RAMP I HEIGHT I SIN lIK MAO HOW MIA I SAV I »Ai I ORF I NYC I NEW I MOI I TALISMAN AF4I4 320T0.s 6.4* I 18/07 I 18/07 19/08 26/0® 27/08 01/09 30/01 03/09 23/08 TARONGA AF4IS 3201 ms 6.25 M
      985 words
    • 852 22 fc J WX WAN HAI LINES Y Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: M 1 EUROPE ROTTERDAM HAMBURG ANTWERP CALLING SIN EVERY Saturday I ■WBamHNf* I For more details, call HOTLINE: 6226 1588 1800-*****00 I I rWst I I co LTP I USA WEST COAST
      852 words
    • 795 22 BSAx MYANMA KBB FIVE STAR LINE (Myanmor National Liae) Loading (or Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 328W SID HPA-AN 320W -SU) SU) IN MALAYSIA: lOUSTEAO SHIPPING AGENCIES KUL: 03-*****300 PKL 03-*****101 PEN: 04-*****02 ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKI KUC OCEANIA QUEEN 120 SU)
      795 words

  • Page 23 Advertisements
    • 568 23 VESSEL VOY SIN PKI KARACHI DXB BAB DMM BIK KHORRAMSHAHR IRAN SATTARI PCL 8037 13/07 14/07 21/07 24/07 2S/07 01/08 04/08 07/08 IRAN KORDESTAN PCL 8038 22/07 21/07 29/07 01/08 04/08 07/08 10/08 14/08 IRANSHAHRYAR PCL 8039 28/07 29/07 05/08 08/08 09/08 16/08 19/08 22/08 IRAN SATTARI PCL 8040 05/08
      568 words
    • 9 23 KEEP ABREAST OF MARITIME LEGAL MATTERS IN EVERY FRIDAY
      9 words
    • 302 23 UK CONTINENT SERVICE Loading for ANTONIS RTM/ATW/BMNAJK/NAN STARLY RTM/ATW/BMN/UK/NAN Loads Singapore. EVW Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for AMARYLLIS DBI/ABU/DOH/BRN/DMM/KWT GOLDEN SUN ADN/HDD/JDH/AQA C CHAMP DMT/YAR/BZA VTC STAR DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore,«./W. Malaysia, Indonesia USA SERVICE Loading for TAUROA POINT VCW/LAX/MZL IVORY STAR LAX/VCW 'Loads E7W Malaysia, Indonesia F.E./S.E.A. SERVICES S
      302 words
    • 198 23 -m«i voy Sim reg -MCJANDA miM ]3M '3/07 ZSciAU fIS -MCiANM 12S2N UM 15/07 _EACWKr/S SS ft/07 CSf 2301 KOO4N 15/07 14/07 ISiXE«A2 Mfl? nttfi ?l/fl7 _PAC»ANOA 1253N 15/07 16/07 PACIALI M jl/py P*C BAND* 12S4N WSI U/07 CSF 2301 KOOSN 18/07 19/07 f J H 4 >1 ifYT^HBSHB P*C
      198 words


  • Page 25 Miscellaneous
    • 117 25 j FOR 7AM 15 Jul 2004 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds Rain J One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots Hazy A -One solid triangle
      117 words