The Business Times, 21 July 2004

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Total Pages: 26
1 26 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 023/03/2004 Internf t: ttr-.//Dusiness-times.asial .com.sg SINGAPORE WEDNESDAY, JULY 21, 2004 85C
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  • 837 1  -  Flextronics' downbeat guidance for next quarter also hurts sentiment By Raju Chellam [SINGAPORE] Despite the negative outlook that some analysts have expressed recently on semicon stocks, the chip equipment industry has just posted a strong book-to-bill ratio of 1.08 for
    Source: Bloomberg  -  837 words
  • 457 1 17 managers each made US$100m last year, says survey Bloomberg [LONDON] Three hedge fund managers each made at least US$5OO million last year, led by Hungarianborn George Soros and David Tepper of Appaloosa Management, according to a survey by The Institutional
    Bloomberg  -  457 words
  • 495 1  -  BT exclusive Lee Theng Wee not seen in 5 weeks; Lulee Metals owes some $80m By Vince Chong [SINGAPORE] The controlling shareholder of bankrupt metal trader Lulee Metals, Lee Theng Wee, appears to have gone missing. Mr Lee, whose firm
    495 words
  • 75 1 Dsn 1,868.26 (-16,51) ST INDEX FUTURES 1,868.00 (-12.00) SIMSCI 226.83 (-2.20) SIMSCI FUTURES 227.00 (-1.40) Tuesday Change KLSECOMP .838.64 -4.51 NIKKEI 225 *****.37 -177.63 HANG SENG *****.63 -43.32 SET INDEX 645.5K .3.46 JAKARTA ('((MP 756.67 .23!) MANILA «)MP_i;«L00 -11.26 TAIPEI WPI 5.325.68 16:1.42 SEOI.'LCOMP 737.00 -13.40 SHENZHEN B 252.92
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  • 72 1 FOREX RATES us$ s$ l'SS(SSperl'SS) 1.702 £(l'SS/S$ per 1 >6:$ 3.171 ElRO(lSS/SS/E). 1.245 2.119 YEN 108.4 63.70 KM 3.800. tM HKS 7.800 4.583 BAHT 40.80 23.97 Rl.'PIAH 8.97 2 5,271 RENMINBI 8.277 4.863 INDIAN RITEE 4606 27.06 AS 1.366 0.803 NZS 1.522 0.894 PRIME RATES SINGAPORE 5.25 MALAYSIA .6.00
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  • 36 1 US Federal Reserve chairman Alan Greenspan will update the Senate on the US economy on Tuesday afternoon and Wednesday morning Washington time. Go to htt|w//Nnlinn Vmn Mlilmiii.n/ for his semi-annual report
    36 words
  • Page 1 Advertisements
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  • NEXT page
    • 623 2  -  YESTERDAY IN PARLIAMENT Terrorism threat requires new co-ordination secretariat: DPM Reports by Chuang Peck Ming [SINGAPORE] Declaring Singapore to be a prime target for terrorists, Deputy Prime Minister Tony Tan yesterday said a National Security Co-ordination Secretariat will be set up
      AP  -  623 words
    • 435 2 It will aim to ensure system is able to withstand accident or disaster: Dr Balakrishnan [SINGAPORE] The government is setting up a top-level committee to relook Singapore's energy system after its global image was tarnished by a major power blackout last
      435 words
  • Page 2 Advertisements
    • 151 2 'Igfc&L:-. Empowering Networking Conference Hotel Melia Hanoi, Vietnam 17-18 August 2004 Vietnam is poised for an economic lift-off. You can tap on the vast opportunities and potential. Here's how: Come learn and network with key policy makers, local and foreign movers and shakers in Vietnam. Industry experts from the IMF,
      151 words
    • 67 2 Parliament briefs, Pg 9 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: +65 6535 3382 F:
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  • FOCUS libel suit
    • 1012 3  -  Aim was to avoid 'character assassination', but Oei's lawyer said going for the gut was essential By Kenneth Lim OEI Hong Leong's defamation suit took a surprise turn yesterday when the defence chose not to call Nat Steel director Ang Kong Hua
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  • Page 3 Advertisements
    • 385 3 Nanvang XZ7 Technological University Continuing Education Courses and Master of Science Programme in Offshore Engineering The School of Civil and Environmental Engineering (CEE) is launching a new Master of Science programme in Offshore Engineering. This programme will also V be open to suitably qualified persons who wish to pursue the
      385 words

  • SINGAPORE companies
    • 582 4  -  Counter hits 52-week low amid concerns over retail pet shop plan By Jessica Cheam SHARES of mainboardlisted ornamental fish breeder Qian Hu Corp sank to a 52-week low yesterday after analysts downgraded the stock following the group's disappointing sec-ond-quarter results. The counter
      FILE PHOTO; Source: Bloomberg  -  582 words
    • 342 4  -  By Chen Huifen MONTHS after it expressed optimism for its upcoming results, Del Monte Pacific yesterday issued a profit warning, saying that its net profit for both the half-year and full-year results will be lower than their corresponding periods last
      FILE PHOTO  -  342 words
    • 715 4  -  HOCK lock siew loh hui yin IN a market where investors are somewhat weary as well as wary of China stocks, there is one counter that is still offering some fizz Hong Kong-listed Guangdong Brewery Holdings. Guangdong province's third largest brewery in terms of
      715 words
    • 236 7  -  By Chen Huifen TROUBLED education services provider Informatics is selling four units of its properties to raise $5.43 million to meet bank commitment and support its core business. The move marks the first of its non-core assets disposal, following a decision made in
      236 words
    • COMPANYBriefs
      • 55 7 SINGAPORE Press Holdings, which publishes the Straits Times Index, said the free-float calculation of OCBC Bank in the index will be changed from 0.70 to 0.75. This follows the June 30 acceptance of OCBC's offer by shareholders of Great Eastern Holdings. The change
        55 words
      • 62 7 SESDAQ-LISTED integra2ooo, a human resources, payroll and IT solutions company, said Idex Global Services Inc, a US-based subsidiary of the group, has signed an additional U*****,000 contract to provide electrical infrastructure services for Sir Francis Drake High School in the US. Together with the first
        62 words
      • 57 7 TPA Strategic Holdings is making a placement of 16 million new shares at 22 cents each. The issue price represents a 0.9 per cent discount to the weighted average market price of the stock. The estimated $3.47 million in net proceeds will be used
        57 words
      • 76 7 SINGAPORE Power has asked several banks for two separate bridging loans totalling US$l billion to support its purchase of TXU Australia Holdings, a report in debt market newsletter Basis Point said. According to the report, the loans are for Asl billion (Ssl.2 billion) and about
        76 words
      • 71 7 AS part of the lawsuit settlement in which SBI E2-Capital Holdings was sued by parent SBI E2-Capital Asia over control of a Singapore stockbroking operation, SBI E2-Capital Holdings yesterday said it has acquired the remaining 49 per cent stake in SBI E2-Securities for
        71 words
    • 398 7  -  It is issuing 147 million new units to fund Plaza Singapura buy By Andrea Tan CAPITAMALL Trust (CMT), which is raising $238.1 million in a share sale to fund the purchase of Plaza Singapura, said it could issue more new units to fund
      398 words
    • 219 7 Reuters THISTLE Hotels, London's biggest hotel chain, plans to sell seven properties, its Sin-gapore-listed parent BIL International said yesterday, a deal that could be worth £192.5 million (Ss6lo million) based on its last sale. BIL said the sale is part of a
      Reuters  -  219 words
    • 325 7 Reuters THAILAND'S top broker, Kim Eng Securities (Thailand), a unit of listed Singapore broker Kim Eng Holdings, yesterday said it will open three new branches this year. "We are expanding continuously by increasing the number of foreign and institutional clients," KET's
      Reuters  -  325 words
    • 511 7  -  Growth expected to come from all its traditional markets By Taila Krishnakumar BNP PARIBAS Private Bank is ready to kick off its business in Asia in a big way, says its newly appointed chief executive for Singapore Michel Longhini. "The past few years have
      511 words
  • Page 4 Advertisements
    • 45 4 We are seeking Group Account Managers/ Account Managers who are independent, confident, tenacious, quick thinking, innovative, driven, marketing-oriented, with sound experience in the beauty, cosmetics or pharmaceutical industry. Please email your resume to Executive Vice-President of Human Resources Division at careet@sph.com.sg tflf Singapore Press Holdings
      45 words

  • Page 5 Advertisements
    • 1092 5 k r -> 7 t? i x; V V r *J- vf f ;1 j > CapffaMall Trust Constituted in the Republic of Singapore pursuant to a trust deed dated 29 October 2001 (as amended) Earn 5.69%' yield tax-free 2 Subscrilre to New Units offered at 551.62 per New Unit
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  • SINGAPORE markets
    • 642 6  -  Compiled by VEN SREEMVASAN Bio-Treat Technology July 20 doting 84J5 cants 810-TREAT has announced that executive director and sales controller Zhu Wei Dong has resigned because of poor health. Mr Zhu, who was responsible for sales and marketing, was instrumental in securing projects. We are concerned about the
      642 words
    • 362 6  -  CHART POINT By Lim Say Boon, K Ajith YESTERDAY'S action would have been devastating to those expecting a break above 1,900. As we said in recent commentaries, while the ST index could head towards 1,900, such a move would not be
      Source: Bloomberg  -  362 words
    • Article, Illustration
      430 6 OTHER SINGAPORE INDICES Jul 20 VALUE CLOSE WOMB -660.00 -279.00 BTOUM -*****.00 -143.00 BT 10-day m -*****.00 -66.00 AH-SG Equities 491.86 -4.41 SG Equities Elect 154.93 -0.64 S6 Equities Fhi 1555.90 -13.83 SG Equities Prop 432. 59 +1.14 SIMSa 226.53 -2.20 SiMSCt Futures 227.00 -1.40 Stocks Volume L&Mlc 46,616,000 Bio-Treat
      430 words
    • 917 6  -  A longer view CURRENCIES larry wee Prospects for the us dollar remain uncomfortably negative, though shortterm corrections should not surprise after its sharp losses of the past fortnight. Ahead of a two-day testimony to American lawmakers by US Federal Reserve chairman Alan Greenspan, ending
      917 words
    • 549 6  -  BT comment STOCKS r. sivanithy ONE striking feature of stock market trading over the past few years is how far the performance of stocks tends to diverge from the performance of the economy. Put differently, there is no guarantee that a
      549 words
    • TRADES TO WATCH
      • 77 6 FUND manager FMR Corp, the parent company of Fidelity Investment, is now a substantial shareholder of HTL International Holdings after FMR's Fidelity Low Priced Stock Fund bought 79,000 shares in the open market for about $1.05 each. FMR's deemed stake in the leather furniture maker
        77 words
      • 103 6 SAM Goi, known as the "Popiah King" behind frozen food specialist Tee Yih J la Food Manufacturing, continued to appease his appetite for Super CofTeemix Manufacturing on Monday with a purchase of 504,000 shares in the open market. The food business magnate now holds
        103 words
      • 172 6  -  Compiled by KENNETH LIM GP INDUSTRIES' free-float of shares is now just a shade over the 10 per cent minimum requirement afrer its Hong Kong-listed parent Gold Peak Industries raised its direct stake to 87.08 per cent from 86.07 per cent this week. Gold Peak
        172 words

  • Page 7 Advertisements
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  • EXECUTIVE money
    • 768 8  -  Overall asset mix serves US-based fond manager well By Genevieve Cua THEME funds are more likely than not to catch our fancy, but the single piece of advice that will stand investors in good stead remains simple: diversification. Diversification, in fact, helped US-based Principal Global
      CHRIS LOH  -  768 words
    • 533 8  -  GENEVIEVE CUA reports on what some fund managers are doing to lower costs GENEVIEVE CUA THE expense ratios of unit trusts look set to come down, albeit very slowly, as fund managers consolidate their funds and register offshore mother funds for local sale. UOB
      533 words
  • Page 8 Advertisements
    • 263 8 International Business Park (IBP) Close to Jurong East MRT station and bus interchange The Strategy 115sqm onwards Raised floor system < Column-free layout 142sqm onwards u| wp Great tenant mix H iw> Column-free layout flo^pßS|P Changi Business Park 10-min drive to Changi airport and close to PIE ECP The Signature
      263 words
    • 139 8 Diner's Onb Deals to SlnmJuu »mmrn Qm«ei-isMwnl<iV>iw;ai»|iii mm. -utmrrtsn awwrlte—btnlir rlrmrnfc of »ink»y» wttfa n«tfi| (ilmmi nil |iITP iimiift **-TifTT*-t— fonnnet opedeDoe «t ataa^m. Hqjipy IOH dJtcoonto® total NE m(mi4omm en in Hift IDmm1 Dmm ciub International' Dally Lunch Fusion Buffet $1 5.80* ♦(ArtuH) 1 0.80» ♦(CMd -Betow 12yr»> Indulge
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    • 110 8 operation hours 1200 hr» to 1430hrs 18 00 hr» to 2300hrs for dining reservation tel 6333 1 788 mall rangmahaiehlnd.com.*9 Pan Pacific Singapore level 3 7 Raffle* Boulevard Marine Bquere Singapore *****6 MERITUS MANDARIN SINGAPORE f 'Arouruf ASEAN tn 31 days July 2004 12noon to 4.30pm $24.80* (adult) $15.80* (child)
      110 words

  • SINGAPORE news
    • 503 9  -  Tiger Airways will operate from the new facility, which is to be up by 2006 By Carolyn Quek THE Civil Aviation Authority of Singapore (CAAS) said yesterday it will go ahead and build a $45 million low-cost carrier terminal on the
      503 words
    • 239 9  -  By Uma Shankari GOVERNMENT-LINKED agencies took many of the honours yesterday at the Singapore Family Friendly Employer Award 2004. The awards, given out during a ceremony at the Intercontinental Hotel, went to 67 organisations. The guest-of-honour at the ceremony was President SR Nathan. Government-linked agencies deemed
      239 words
    • 417 9  -  EYE ON THE ECONOMY Only three oat of ten roll over their balances: report By Daniel Buenas THE proportion of credit card balances in Singapore attracting interest at end-Q4 2003 is the lowest since the last quarter of 1999, says a report released by Visa
      Source: Visa International  -  417 words
    • PARLAMENTBriefs
      • 123 9 CONTRARY to Malaysian media reports, Singapore and Malaysia are currently not in talks on a Malaysian proposal to build a bridge to replace the Causeway, Foreign Affairs Minister S Jayakumar (right) told Parliament yesterday. The bridge is one of the outstanding bilateral issues that
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      • 113 9 TWO bills were introduced yesterday to provide for the registration and regulation of business trusts. One, the Business Trusts Bill, wants—among other things—to impose a statutory duty on the trustee-manager to act in the best interests of unitholders and give priority to their interests where
        113 words
      • 165 9  -  Compiled by Chuang Peck Ming THE chairman of the Inland Revenue Authority of Singapore now does not have to be the finance minister, thanks to the passing of the IRAS (Amendment) Bill yesterday. The finance minister can now, instead, appoint someone from the public or
        165 words
  • Page 9 Advertisements
    • 147 9 B 7 individual scab for space mii comfoO. [lip IJ I I lITI fltP IV/I P\/ Adding to the dynamic style of the New Grand Espace, are MIIMIIQIv IVII luxurious leather trimmed seats and individual temperature control for each passenger. < Safety is the cornerstone of every Renault Having obtained
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  • EDITORIAL & opinion
    • 707 10  -  THE bottom line OPINION frank ching A QUARTER of a centuiy ago, China decided to focus on economic development rather than Maoist class struggle. As part of that drive, it adopted a policy of limiting population growth with couples allowed to have only one
      707 words
    • 124 10 'We are fighters and have been fighting this battle for the last 20 years, and are happy to win in the end. But the money should be quadrupled.' Hameeda Bee a 50-year-old Bhopal gas victim who lost five family members in the accident, after India's Supreme Court
      124 words
    • 609 10 EDITORIAL NEWS that Morgan Stanley is to significantly expand its fund management operations in Asia is indeed welcome. Latest estimates have the US investment bank increasing the size of its funds managed in Asia to US$50 billion from US$10 billion a hefty jump that could mean
      609 words
    • 1086 10  -  Presidents are not masters of the business cycle, summoning up booms and busts by snapping their fingers. But that is what voters expect By Louis Uchitelle NYT AMERICANS endow presidents with mythical power, holding them responsible for the health of the economy. But
      NYT; AP  -  1,086 words
    • 529 10  -  COMMENTARY Their role is shown up in stark relief in the Morgan Stanley vs Schieffelin case By Michael Lewis Bloomberg THE last time "Morgan Stanley" and "sex" were used in the same sentence was when the firm fired an analyst named Christian Curry after he posed
      Bloomberg  -  529 words
  • Page 10 Miscellaneous
    • 203 10 CRYPTIC CROSSWORD down on paper (4) 29 Reserve troops made that's broken the records YESTERDAY'S SOLUTION smaller advance, lacking (10) Across: 1 Please, 4 Tangible, ability (10) 12 Considered people dumping 10 heap Tutti 12 Re DOWN < o a ri«» tums 13 En de™<c. 14 Micro, 15 2 Without
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  • REGIONAL news
    • 341 11 JAKARTA OIL giant BP has completed the relocation of villagers at the future site of its Tangguh liquid natural gas project in Papua and expects to begin "peak construction" of the project its biggest investment in the country by the end
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    • 353 11  -  Analysts see project of RM6.3b over 10 years stretching firm's finances From Eddie Toh in Kuala Lumpur BERJAYA Land plans to build 6,000 private homes and offices on the site of the former Selangor Turf Club a move analysts say could
      353 words
    • 363 11 KUALA LUMPUR Govt says economy can outperform think-tank forecast Reuters MALAYSIA predicted on Tuesday its trade-reliant economy could grow more than 5.5 per cent next year, outperforming the latest independent forecast, though it is still expected to shift down a gear from
      Reuters  -  363 words
    • Article, Illustration
      38 11 [TOKYO] A girl cooling off in a park fountain here yesterday, when temperatures soared to an all-time high for the capital at 39.5 degrees Celsius. Reports said a high-pressure system blanketed the Japanese archipelago. REUTERS
      REUTERS  -  38 words
    • NOTEBook
      • 75 11 AP [KUALA LUMPUR] The government has cleared former prime minister Mahathir Mohamad of any criminality for giving Zimbabwe President Robert Mugabe more than U5526,000 worth of high quality Malaysian timber to panel his new palace. Prime Minister Abdullah Ahmad Badawi said giving the timber
        AP  -  75 words
      • 57 11 AP [JAKARTA] A bomb exploded yesterday in a village close to Indonesia's third largest city, killing one person and injuring several others, police and media reports said. The explosion occurred in the village of Sei Bingei, just east of the industrial city of Medan on
        AP  -  57 words
      • 63 11 AFP [MANIL.AJ tignt people including two inaians ana a Bangladeshi were arrested for allegedly hacking into Philippines telecoms systems to make unauthorised long-distance calls, officials said yesterday. The suspects include five Filipinos. The eight would be charged with using computer equipment to break
        AFP  -  63 words
      • 82 11 Bloomberg [TAIPEI] The US said it will hold its first trade talks with Taiwan since October 2002, when the largest film-making nation said the island was responsible for most of the world's film piracy. Charles Freeman, assistant US trade representative for China affairs,
        Bloomberg  -  82 words
      • 68 11 Reuters [JAKARTA] The cellular unit of Indonesia's largest telecoms company Telkom has increased its customers by 30.2 per cent since the end of last year, a company official said. PT Telekomunikasi Selular (Telkomsel), owned 65 per cent by Telkom, added 2.9 million subscribers taking
        Reuters  -  68 words
      • 79 11 AFP [SHANGHAI] China has outlined a multi-step plan for reforming two of its biggest state lenders, Bank of China and China Construction Bank, the China Securities Journal reported yesterday. The China Banking Regulatory Commission plans to dispose of billions of dollars in non-performing loans and
        AFP  -  79 words
  • Page 11 Advertisements
    • 76 11 Chinese Paintings BWantea XußeiHong Y Un Feng Mian tstt id Huang Bin Hong A WuGuanZhong fr&E > f I QißaiShi CtonSongYan Wu Chang Shuo v Xieai Uu FußaoShi jSM /%&W Huan9Zhou Zhang Da Qian H Li Ku Chan Pan Tian Shou Song Wen Zhi Li Ke Ran Fo^Zen 9 ||f*
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    • 324 11 [HHL 04 1800 289 8822 IN THE MATTER OF THE LAND TITLES (STRATA) ACT, CAP. 158 AND IN THE MATTER OF THE MANAGEMENT CORPORATION STRATA TITLE PLAN NO. 1322 (In Voluntary Liquidation) At an Extraordinary General Meeting of the Management Corporation duly convened and held at 11 Lorong Pedek. Singapore
      324 words
    • 152 11 \X The best just got better! Come and stay at the all new Grand Plaza Parkroyal Hotels in Kuala Lumpur and Penang. Grand Plaza Parkroyal. Kuala Lumpur Grand Plaia Parkroyal, Penang Kuala Lumpur Penang Expcricnce the fresh look and feel of our Indulge your senses and truly relax in our
      152 words

  • Article, Illustration
    1103 12 Transaction date: Jul 20 INTERBANK CROSS RATES AS c$ Rmb Euro HK$ Ind Rs Rupiah Yen Won KM NZ$ Pak Rs Peso S$ hg Sfr MT$ Baht PouikI US$ Australia 0.958 6.059 0.588 5.710 33.718 65.676 0.794 8.496 Z.782 1.114 42.649 40.918 1.246 4.345 0.899 24.842 29.868 0.393 0.732
    1,103 words
  • REGIONAL world
    • 605 12  -  It will offer tax breaks and cut red tape but observers say draft law is hazy on details From Shoeb Kagda in Jakarta SINGAPORE companies looking to invest in Indonesia could soon enjoy tax breaks and other facilities as Jakarta bids to
      605 words
    • 362 12 WELLINGTON AP NEW Zealand is tightening controls on sensitive land sales to overseas buyers amid fears that foreigners are snapping up some prime real estate, a senior minister said yesterday. The changes will likely mean that US country music star Shania Twain,
      AP  -  362 words
  • 1648 12 SICOM FUTURES jul20 RUBBER Futures (Closing prices) RSS1 <S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 04 218.75 Sep 04 215.75 Oct 04 214.00 Nov 04 212.75 Dec 04 212.75 Jan/Mar 05 214.00 RSS 3 (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
    1,648 words

  • WORLD news
    • 429 13 LATEST US DATA Rising interest rates with stronger economy slowed the hot housing market Reuters AP [WASHINGTON] In another sign that the US economy slowed down last month, housing starts plunged unexpectedly in June to their lowest level in over a year as
      Reuters; AP  -  429 words
    • WORLDWatch
      • 90 13 AP [NEW YORK] Former New York Stock Exchange chief Richard Grasso lashed back at the exchange yesterday, suing it for at least US$5O million, claiming breach of contract and defamation by officials including current NYSE chairman John Reed. Mr Grasso also seeks the dismissal of a lawsuit
        AP  -  90 words
      • 67 13 AP [WASHINGTON] Three major investment firms have been fined U*****,000 each by securities regulators for allegedly failing to provide required documents to investors bringing claims against brokers in 20 arbitration cases in the past two years—even after being ordered to do so. The National Association
        AP  -  67 words
      • 56 13 Reuters [LONDON] US No 2 bank JP Morgan Chase is considering a £1.4-billion (554.4 billion) offer for Prudential Pic's majority stake in UK Internet bank Egg, a source said yesterday. A decision was expected to be made in the next week or two.
        Reuters  -  56 words
      • 41 13 Reuters [DETROIT] Ford Motor Co yesterday reported a higher-than-expected rise in second-quarter profit, as strength in its finance arm offset weak vehicle sales. Net income rose to US$l.2 billion, from US$4l7 million a vear earlier.—Reuters
        Reuters  -  41 words
      • 38 13 AFP [TOKYO] Sony confirmed yesterday the European Commission has unconditionally approved its planned merger with the music arm of Germany's Bertelsmann, creating the world's second largest music group after Universal Music, —AFP
        AFP  -  38 words
    • 485 15 SEATTLE But the real issue is what the company will do with its cash hoard of US$56b Reuters MICROSOFT Corp is expected to break from the rest of the software sector by topping Wall Street earnings estimates this week, but the real suspense lies
      Reuters  -  485 words
    • 456 15 SAN FRANCISCO AP HOW much is Google Inc really worth? The online search engine leader appears poised to weigh in with its opinion, helping bring clarity to a question that has been puzzling Silicon Valley and Wall Street since the company filed its IPO
      AP  -  456 words
  • 3938 13 UNIT TRUSTS FUNDS S B Set Eqty Dividend Pf 04 (SGO) 0.9548/ SB Sel Eqty Dividend Pf 04 (USD) 0.9544/ E ST !M9t<S POre) 0 726/ aSflSKSW- 0.946/ cS 128/ Com Global Lifestyle Index Fd 1/ 1 053' Com Global Health Index Fd 0861/ C2 L jope Bal....... c Global
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  • Page 13 Advertisements
    • 559 13 WK>D PROFESSIONAL PIVItOPMINT Entrepreneurship in Asset Management Issues Challenges of setting up a Boutique firm Biography of Speakers %j I— s J HI <2 Mr. Teng Ngiek Lian j *5* Mr. Teng is the Founder Chief Investment Officer of Target Asset Management. L.J 3 A chartered Certified Accountant Chartered Secretary,
      559 words

  • 4788 14 Transaction date: Jul 20 HONGKONG vo. HK Exchanges Clearing 16 85 unch 3624 HK$ '000 HKR Int'l 2.43 0.03 720 Hong Kong Electric 33.30 0 30 2040 Aeon Credit 4.85 unch 0 Hongkong Chinese 0 92 unch 198 Aeon Stores 5.95 0 20 268 Hopewell Holdings 15 40
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  • 2224 14 Transaction date: Jul 20 KUALA LUMPUR IS H IM *I- roool GlcfcetronicsTech 0.49 -0.01 925 Glomac Bhd 3.43 uoch 449 AIM Realty 1.42 0.01 14 Gotd Bridge Engrg 0.37 undi 744 Abric..— .0.60 -0.01 102 SoWenFront'ef 0.75 unch 0 ACP Industries 1.65 -0.03 4 GoWen Hope Plant 3.44 0.02
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  • 885 14 Fransaction date: Jul 20 tWtow W» Owe a—gel flxt— W O— O—I AMgreen 50c 0.30 1.000 NOL 1X1 2.370 -0.060 US20c 037 a7«5 0C8C 9.54 12.500 X300 CapitaLand 1.04 1.450 -0X10 Partway H 25c 0 54 1.090 -0jQ20 Chart SemiCond 26c 0.93 1.140 -0X50 People s Food MKSOc 0.36
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  • 787 14 BONDS WARRANTS Prem Expiry Ttl Last Vol Cam bar Disc Gaar- Mths Ca4a Cawpaay Sato +ar- (*M0) Mlo Prtca !■> taft A8N f *****3S ADBn1.84S******5S 3779 ASl Marine Hldgs W*****1 14 1 S3 37 3.50 4 3697 AcmaLtdW*****6 0-5 1 50 677 13.00 3602 Amtek W*****0 MS 1 33 Ml
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  • Page 14 Advertisements
    • 48 14 f fl| A section which offers news and views, reviews and previews I 111" \!l VL\cTl \11.V BfflOTflir mm «K| !g| from the world of high tech, the Internet M1 L I>1 Ol A Loo M Al Lo f™' m jjjKr H HH and the World Wide Web
      48 words

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  • 329 15 O-Wk td UM M Da* L—l Q—■ Ml* Mr firtW MM MCap JSkImtL Cm—, j+ w- (m *S? \»m %*m Cm M >3 228 143 6000 AVJ«nninB«A25c A1G9 +1 9 1« 168 168 170 44 104 6.5 53 363.7 6001 CathayP*20c HIC720 2-J 6002 Chauna KonaSOc HK1780 240
    329 words

  • BT motoring
    • 725 16  -  Br's second station in S'pore will be groundbreaking, says SAMUEL EE SAMUEL EE BP may not have chosen the method of supply yet, but it still expects its second hydrogen facility in Singapore to feature groundbreaking technology which will be replicated in China. On Monday,
      725 words
    • 238 16  -  By Samuel Ee HYDROGEN is used to power fuel cell vehicles, two of which are in Singapore. There are two units of the Mercedes-Benz A-Class F-Cell car running around Singapore at the moment. DaimlerChrysler, which makes them, is using one, while the other
      238 words
    • 454 16  -  By Samuel Ee SKODA distributor Czech Auto hopes to revive the languishing brand in Singapore with today's launch of a new mid-size sedan, the Skoda Superb. Group Exklusiv, which markets the marque, as well as Volkswagen and Renault, reckons the 1.8-litre turbocharged Superb will be a worthy
      454 words
  • Page 16 Advertisements

  • SHIPPING TIMES
    • Article, Illustration
      87 17 [SINGAPORE] Naval shipsfrom Singapore, Malaysia and Indonesia sailing in a parade to launch a trilateral coordinated patrol in the Straits ofMalacca, one of the world's most important shipping lanes. Officers said 17 vessels seven from Malaysia and five each from Singapore and Indonesia took part in the
      JOYCE FANG/ST  -  87 words
    • 444 17  -  Fast-tracking of Pasir Panjang Terminal expansion to meet demand By Donald Urquhart [SINGAPORE] As part of its accelerated development of Pasir Panjang Terminal (PPT), PSA Corporation has placed a $78 million order for 42 Korean-made gantry cranes with delivery from March 2005. The
      FILE PHOTO  -  444 words
    • 456 17  -  By Teh Shi Ning [SINGAPORE] The International Transport Workers Federation (ITF) has threatened to take action against ports that fail to meet minimum labour standards, in a "ports of convenience" campaign. Adopted alongside its long-running flags of convenience campaign, this new initiative will "identify
      456 words
    • 297 17 SGX '000 MM $S WCH Offshore .0.38 0 01 626 Chuan Hup .0.53 unch 970 Cosco Investment 0J7 -0 02 ***** CWT Distribution 0.48 unch 0 EzraHldgs 0.95 -0.01 149 Freight Links 0.10 -0.01 542 G8 Holdings .088 unch 0 Java Holdings 0 88 unch 1921 Kl Venture
      297 words
    • 867 17  -  COMMENTARY It takes more than coordinated patrols to fight piracy By Donald Urquhart WITH the impressive display of military hardware and naval personnel parading down the Straits of Malacca yesterday, one might be lulled into thinking we've turned the corner on the piracy menace. The event had
      REUTERS  -  867 words
    • 115 17 AP [JAKARTA] Fourteen people were missing after a cargo ship sank in waters off eastern Indonesia, an official said on Monday. The 700-ton KM Amami capsized in huge waves on Friday in the Banda Sea between Banda and Buru islands in Maluku province, said Tumorang
      AP  -  115 words
    • 1100 18  -  STRAIT TALK By David Hughes THIRTY-five years or so ago, one of the main reasons I decided to leave school at the age of 16 and go to sea was the prospect of "seeing the world". In the event I wasn't disappointed. During
      FILE PHOTO  -  1,100 words
    • 189 18 PAGE Alianca 3 AAL 5 Avant 5 Bank Line 4 B'tang Mas 3 BSA 4 BTL 6 CMACGM 3 COSCO 3 China Shpg 4 Confer 5 Crocodile Line ....4 Delmas 4 Dongnama 3 EP Carriers 5 ECL 3 Eng Lee 5 Eukor 2 Eurasia 5 Foong Sun
      189 words
    • 12857 22 THEBUSINESSTIMES EXPORT I 77 TaluKnna *T* FTA AltvartlOT VMUl VOVM* T»)»PhOn» ETA ETA Advertiser Vassal Voyaga Talaphona SIN Dast'n Nam* Nam* Wywbif Wanibif... ODOODDOffDDDgDDOBgDiWjCT'ffip? gWff To ABIDJAN (ABJ) 2003 Cot# D'lvolro 28/07 08/09 CMA CGM APL EMERALD 062 65-*****800 29/07 22/08 D*lmas CABY OELMAS 434W 65-*****344 29/07 09/09
      12,857 words
    • SHIPS IN PORT
      • 545 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BAYSWATER228 E4176 J3 A/SIDE 21/07 0230 DONG A 02 03/04 J13 A/SIDE 21/07 0800 GERDTOLDEND *****4 J14/15 A/SIDE 21/07 1200 HARAPAN S 1 JB4701 J8/9 A/SIDE 21/07 0015 IZUMO 005W J18/19 A/SIDE 21/07 0700 J P HARAPAN JB4702 J6
        545 words
      • 1741 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ABU DHABI C304W C304W 1 24/07/2004-15:00 25/07/2004-03:30 ACX DAHLIA 078S 078S 1 21/07/2004-23:59 22/07/2004-16:00 ALWATTYAH M181E M181E 1 23/07/2004-10:00 23/07/2004-16:30 ALAMJAYA AJ007 AJ007 1 23/07/2004-18:00 24/07/2004-02:00 ALAMJAYA 2 8906 8906
        1,741 words
      • 138 25 Jul 21 Belgium: Nat Day. Aug 1 Switzerland: Nat Day. AugO Singapore: Nat Day. Aug 12 Thailand: Queen's Birthday. Aug 15 France: Assump Day. Belgium: Assump Day. India: Indepen Day. S Korea: Libe Day. Aug 17 Indonesia: Independ Day. Aug 20 India: Parsi New Day. Aug 30 UK:
        138 words
      • 797 25 THIS report, compiled by Cockett Ma rine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        797 words
      • 614 25 Carbon 180 Max 975.2 0.2 15.2 0.03 15 0.01 Jul 15 Density Water Residue AshAlumlnlum Sediment No above E25 0 0 1 0 0 0 rrr 380 Ave 988.6 0.2 14.6 0.04 19 0.02 Ek ««J 380 Max 1013.5 0.7 17.9 0.07 55 0.06 K6/M'3 HV/V
        614 words
    • AIR & LAND transport
      • 745 26 Farnborough International Air Show Plane makers give upbeat outlook despite global downturn, high fuel costs AP [FARNBOROUGH, England] Demand for new passenger and freight aircraft is rebounding after an unprecedented global downturn and in spite of chronically high fuel costs, US manufacturer Boeing Co and
        AP; REUTERS, AFP  -  745 words
      • LOGBook
        • 116 26 AP [SEOUL] Several Korean Air flights were delayed yesterday after the national flag carrier received a bomb threat, a company official said. A woman telephoned the threat in broken Japanese to Korean Air's ticketing office in Sapporo, Japan. She said she was calling from South
          AP  -  116 words
        • 80 26 Bloomberg [MELBOURNE] Macquarie Airports, which has stakes in airports in Australia and Europe, said full-year earnings from its Sydney Airport Corp unit rose 15.8 per cent as passenger numbers increased. Sydney Airport, Australia's biggest, had earnings before interest, tax, depreciation and amortisation of A
          Bloomberg  -  80 words
        • 104 26 Reuters [CAIRO] A death threat written on tne Datnroom mirror of an Egypt Air plane bound for London delayed its departure from Cairo by three hours on Monday, airport officials said. It was the third time in a week that a plane has been
          Reuters  -  104 words
        • 74 26 Reuters [TEHERAN] Teheran's new airport will reopen next month, Roads and Transport Minister Ahmad Khorram was quoted as saying on Monday, after Iran's military shut it down on its opening day in May. "Imam Khomeini International Airport will become operational in early- to mid-August
          Reuters  -  74 words
        • 78 26 Bloomberg [SEOUL] Asiana Airlines, South Korea s second-largest carrier, plans to increase weekly flights to Manila and Hanoi next month as an economic recovery is encouraging more people to travel overseas. The Seoul-based carrier will put two new weekly flights into service between South
          Bloomberg  -  78 words
      • 157 26 AFP [FARNBOROUGH, England] Etihad Airways of Abu Dhabi has signed a memorandum of understanding to acquire 24 Airbus aircraft, including four of the super-jumbo A3BO models, and has taken an option on 12 additional planes for a total of US$7 billion, Airbus officials
        AFP  -  157 words
      • 236 26 AFP [LONDON] British low-cost carrier easy Jet on Monday announced that it had submitted a legal appeal requesting the annulment of the European Commission's clearance of an Air France/ Alitalia alliance. easy Jet said it has lodged the appeal with the Court of First Instance
        AFP  -  236 words
      • 452 26 Bloomberg [SEOUL] Qatar Airways, which plans to double its all-Airbus fleet to 52 aircraft within five years, aims to sell shares to investors by 2008. The share sale "will start in Qatar first," its chief executive officer Akbar A 1 Baker said in an
        Bloomberg  -  452 words
      • 136 26 [SINGAPORE] Singapore Airlines will fly a weekly non-stop service to Cape Town in South Africa from October, saving passengers about two and a quarter hours in travelling time. The non-stop service will complement the airline's current twice-weekly service via Johannesburg. The non-stop flight
        136 words
      • 2051 26 fUCMT £T* FUCHT OP ij===||j tguj $OV42 0935 kBttii 8*7381 *40 W9T70 2300 ,535 S0M6 MO IH9771 1840 ***** 2300 1?H SS 1825 c/£S 222 ****** 1805 ***** 1900 8000 1M0 S0M7 2230 ****** 1915 *mttr«M ***** 0615 U838 2255 C***** 0040 C***** 0600 W3M 2145
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  • Page 17 Advertisements

  • Page 18 Advertisements
    • 837 18 I TO USA/CANADA 1 1 EXPORT I I OTHER DESTINATIONS I VBSa Ivor PKG iQUCACOI MEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) PtO NEDLLOYD WHITMAN 24E30 20/07 21/07 I 06/08 \W 13/08 11/08 11/ M 14/08 VOyIeTASInI PKG FBI Imi I tYP I«n I in, Z Ki Si 13/08 "/J
      837 words
    • 540 18 <?o* y oK Lines services represented by !s£9£\ Members of the Registry of Members of the iS.iffiili Accredited Shipping Agents, "2r Si 9a P ore U^Sa 27 Singapore Shipping Association Association LILY U N E MALE VESSEL VOY ETA ETA ETA P.KLANC SPORE MALE KotaTegap TGAO7I 24/07 04/08 Princess Lily
      540 words

  • Page 19 Advertisements
    • 997 19 MOl Combines o rang* of shipping modes to ensure timely, reliable services covering major ports in North America, Europe, Japan, Asia, Africa Oceania. Abo occspt htra-Asta CejHs tet BUSAN KWANGYANG SHANGHAI YANTMN XMMBI QMGDAO IfUWAN JAKARTA SURAIAYA KAOHSWM6 jjijMW UHi CHAIAHC TOCWMBW PAStt GUDANG PBUHC PORT KHAMG For Schedules, BL
      997 words
    • 2373 19 ADDITIOHAL NEW WEEKLY *ADX" SERVICE TO EAST MEDfTERRANEAN ON EVERY FRIDAY SINGAPORE TO tSftMUL -15 DAYS GENERAL AGENTS IN SINGAPORE: li RAFFLES QUAY #36-01 SALES/BKGS TU: *****857/43 FAX: 623*5321/24 I COSTM SHIPPING PTE 110 ««™r SS» iSSS SSKi snnapokioihbsauinm -udays. REG NO. *****1787G TEL 6226 1900 (MAIN) T/SHIP OCP *****825
      2,373 words

  • Page 20 Advertisements
    • 957 20 Ufill# WALLENIUS WILHELMSEN website: http://www.2wßlobal.com LBC MAO HOU« MIA SAV I*l ORF NYC NtW _M£B_ TARONGA AF4IS 3201 MS 6.25* I 31/07 25/08 03/09 10/09 11/09 15/09 13/09 17/09 07/09 TAMESIS AF4I6 320Tmi 6.40 M I 15/08 09/09 18/09 25/09 26/09 01/10 29/09 03/10 22/09 TAMPA I AMI 7 4201
      957 words
    • 1089 20 WAN HAI INTERNATIONAL PTE LTD a NO: 146W2000W T1L*****58S (14UNES) FAX:*****163 T\k| IMAM UAI I lIJEC a«n»«rS^*a/»ookta»«U».-(1800)*****200 v Yl Iff Mil nMI LIRE) V, jOH M: 107) 2SIWZ3 f*l (07H51W21 M IB: 1031) 32t5475NU: (031) J2W714/*****05 wonho com so *T T* *21)SJS41*ML 1021)S»47»*ATIL714*0/714*1 ******** WWW.WOnRQI.(Om.S9 tt.TlUoe < SNUL (06 4'S<+2S
      1,089 words
    • 803 20 ,BS^^ 0 MYANMA HH FIVE STAR LINE (Myanmor National Line) Loading for Yang on VESSEL VOY SIN P*L PEN PGU PAGAN 328W SU> HPA-AN MOW Sit SU) IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES MIL 03-*****300 PKL 03-*****101 PEN: 04-*****02 AEHHro MKH ACCEPTIMB CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKL KUC
      803 words

  • Page 21 Advertisements
    • 1110 21 VESSEL VOY SIN I PKI I KARACHI PXB BAB DMM UK KHORRAMSHAHB IRAN KORDESTAN PCI 8038 23/07 21/07 31/07 03/08 04/08 11/08 14/08 17/08 IRANSHAHRYAR PCL 8039 30/07 31/07 07/08 10/08 11/08 18/08 21/08 24/08 IRAN SATTARI PCL 8040 05/08 06/08 13/08 16/08 17/08 24/08 IRAN KORDESTAN PCL 8041 13/08
      1,110 words
    • 664 21 UK CONTINENT SERVICE Loading for ANTONIS RTM/ATW/BMN/UK/NAN STARLY RTM/ATW/BMN/UK/NAN Loads Singapore. EVW. Materia. Indonesia MIDDLE-EAST SERVICE Loading for GOLDEN SUN ADN/HDD/JDH/AQA C CHAMP DMT/YAR/BZA VTC STAR DBI/ABU/DOH/BRN/DMM/KWT •Loads Singapore, E/W. Malaysia, Indonesia USA SERVICE Loading for TAUROA POINT VCW/LAX/MZL IVORY STAR LAX/VCW SAMOS DREAM CAM/NOL/NFK/SAV •Loads E-/W. Malaysia Indonesia J
      664 words
    • 1170 21 a, --fr«.!S!r (MTU 55/07 24/07 WCIAU 1215 23W Ml— fituL SB "&—g/g_ JJUUBIJ tttt -j^g— fir umda 1259H 24/07 25/07 PAC BMTAW 9258 KQQBH 25/0/ M_ PKIAND* 1260W 26/07 26/07 PtftiMP* 1261H 27/07 27/07 VtSSH YQI SH MCtflM) KOOW 27/07 28/07 WPQffPH SZM EM 2SM pkiamoa mm 27/07 27/07 W>o
      1,170 words

  • Page 22 Advertisements
    • 243 22 ■MVffiM TIGER WAV! 202N 27-28/07 02-04/08 10-11 08 1 ■MUttil TIGER PtARL 203N 28-29/07 03-05/08 10- 1/08 I TIGER SKY 204N 02-03/08 08-10/08 16-17/08 1 ■■■■■TIGaSEA 205N 06-07/08 3- 5/08 20-21/08 I 206H 10-11/08 16-18/08 24-25/08 1 »lff^?*TT»niriAN^^^^^^6Sl^2^4/07F0^ISo5RGING0HLYB ■mIiMM MIC HERITAGE 002 26-27/07 04-06/08 ■UUJuflj 3ALSAM 159 28-29/07 04-06/08 1
      243 words
    • 511 22 n "ii 'itt* i "Yrnn^" J "****•l CrntetClSlCl <J~ltt6S W: 4323-4466/77 Fn:USi433 Wikilta: www.latirailillaii.ctß I if, iTPiI^T^ffJPWMIIILLB" mm Wf «i *o# jr_ j» J2LJ» Jft. M. m 8T m m, it BL 5L umo«K mTTiToT 12/07 13/07 14/07 15/07 H/07 23/07 25/07 HOIOASIS *254 IXfif 25/ ft Wv W* 02/5
      511 words
    • 377 22 H>%7 I IMCe MAIN: TO: *221-1333 FAX: *221-5272 rUZ. LIIMCO CUSTOMH SHWKfcTH: M2l-5594 FAX; ******90 MutiMM Tnur inn mmiur mrt irn OPERATOR CODE: PD WtfclHtt WWWitihlUM SINGAPORE: TONO JOO SNIPPING PTI LTD cR NO: II7MMOOOOC voy ag Toenail voy eta sin mi ivesa _ym_ aailtwcai I ■fimij 4001 22/07 24/07
      377 words



  • Page 25 Miscellaneous
    • 125 25 REGIONAL WEATHER jjj FOR 7AM 21 Jul 2004 g|gߧg|ffi' Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols V 7 Showers O Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day *One full fleche represents
      125 words