The Business Times, 30 July 2004

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 023/03/2004 SINGAPORE I Internet: hnp://Dusiness-times.asial .com.sg FRIDAY, JULY 30, 2004
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  • 570 1  -  Those with existing inventory can capitalise on high product prices By Chen Huifen, Taila [SINGAPORE] The latest round of oil price hikes has again sparked concerns about corporate earnings. In Asia, analysts believe that while the oil price surge won't have an
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  • 77 1 Dsn 1,1111 (+16.86) ST INDEX FUTURES MBS.OO (+5.00) msimsci U 229.87 (+2.35) SIMSCI FUTURES 229.30 (+1.30) Thursday Change KLSE COMP 833.50 -5.14 NIKKEI 225 11.116.K4 HAN(i SKN(i 12,183.10 -137.17 SET INDEX 6.11.42 3.31 JAKARTA COMP 760.97 +0.77 MANILA COMP _1,599.06 +15.65 TAIPEI WPI 5,349.66 33.91 SEOUL COMP 730.61 -13.81
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  • 76 1 FOREX RATES US* S$ L'S$ (S$ per I'S$) 1.725 £<rSS/SS per Si) 1.826 3.149 EURO(US$/S$/E). 1.206 2.081 YEN 111.7 64.70 RM 3.800 2.203 HK$ 7.799 4.522 BAHT ...4140 24.00 RI'PIAH 9.170 5,317 RENMINBI 8.277 4 799 INDIAN Rl PEE 4647 26.94 A$ 1.429 0.829 NZ$ 1.581 0.916 PRIME RATES
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  • 510 1  -  It also nn veils tougher grid penalties; new fines By Tang Weng Fai [SINGAPORE] In the wake of this month's major blackout, the Energy Market Authority (EMA) said yesterday it will call a tender for a study on the feasibility of building a
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  • 568 1  -  By Angela Tan [SINGAPORE] Singapore Airlines sprang a twin surprise on its shareholders yesterday a 15 per cent pay rise for its employees and the resignation of Cabinet minister Lim Boon Heng from its board, fuelling speculation of a new political role. "I
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  • NEXT page
    • 987 2  -  On both taxes and trade Bnsh is better for the market, say money managers From Andrew Marks in New York FOR Wall Street, one candidate is streets ahead in the November presidential elections: George Bush. That's because Wall Street
      Photos: AP, Reuters  -  987 words
    • 467 2  -  S'pore govt possibly its third largest shareholder From Eddie Toh in Kuala Lumpur THE Government of Singapore Investment Corporation (GIC) has acquired another substantial stake in a listed company in Malaysia amid signs of warmer bilateral ties between the two countries. The
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  • Page 2 Advertisements
    • 319 2 ■HB Caß Mfi-for 1810 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUMITRANS CORPORATION (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of
      319 words
    • 82 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: +65 6535 3991 E: singapore©ocra.com.sg
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  • Page 3 Advertisements
    • 332 3 j»4« I'^iPMll^^^^^ilff- y V f *^^lff 1 H a 21 lB«rh1-- N9 K K| oh opd i "ii" 11 1 ummmm ma W j I I p. j. of Inte, Unite .1 States other Countries. The notebook for pure viewing pleasure, VAIO VGN-S18GP displays full-length images with a spectacular 13.3"
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  • SINGAPORE companies
    • 477 4  -  Offshore and marine sector shines; 9-ct interim payout declared By Joyce Koh PROPERTY and the oil rig business proved to be the kicker for Keppel Corporation's performance as it posted an 11 per cent rise in second-quarter earnings yesterday. Earnings for the
      477 words
    • 318 4  -  By Loh Hoi Yin THE question was: Will Keppel Corp divest its 49 per cent stake in Singapore Petroleum Company (SPC), which chalked up a strong $68.15 million first-half net profit? But Keppel chief executive Lim Chee Oon didn't give a straight "yes" or
      318 words
    • 330 4  -  By Tang Weng Fai CHIP tester United Test and Assembly Centre (Utac) has successfully renegotiated the terms of its planned takeover of Taiwan rival UltraTera Corp (UTC) giving it a larger share of UTC while spending less money. Utac had said in April
      330 words
    • 455 5  -  It beats forecasts with net profit of $133 m on stronger trading activity By Kenneth Lim SINGAPORE Exchange (SGX) chief executive Hsieh Fu Hua was all smiles yesterday when he announced that the commercially-run bourse is raising its minimum dividend policy.
      455 words
    • COMPANY Briefs
      • 59 5 CONSUMER electronics distributor Thakral Corporation has achieved a 43 per cent year-on-year jump in net profit to $5.2 million for its first quarter ended June 30,2004. The better Q1 earnings came on the back of a 17 per cent rise in turnover to $126.9 million
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      • 81 5 MAINBOARD-LISTED oil gas supply specialist KS Tech Ltd has entered into an agreement with a listed Chinese state-owned company for the deployment of a jack-up oil rig. The drilling rig is expected to be deployed in the South China Sea by the end
        81 words
      • 40 5 PAPER company Hiap Moh Corp yesterday posted a first-half net profit of $507,000, nearly five times the $102,000 it made in the previous corresponding first half. Turnover rose 18 per cent to $27.7 million.
        40 words
    • 483 5  -  By Angela Tan SINGAPORE Telecom shareholders yesterday approved its plans to buy back $3 billion of stock but not before they asked about its plans to stay ahead of rivals, higher dividend payouts and the appointment of cheaper auditors. If Sing Tel officials
      483 words
    • 736 5  - GeneMedix still a risky proposition HOCK lock siew teh hooi ling THERE is a big question mark over whether GeneMedix can reap the benefits of its research and development any time soon some 10 years after it was established and nearly four years after it was listed on the Singapore
      736 words
    • 419 8  -  It wants to bring in partners for assets acquired under Citadines purchase By Andrea Tan ASCOTT, the largest serviced apartment provider in Asia, said yesterday the outlook is "favourable" and profit in the current third quarter will be higher than in
      419 words
    • 372 8  -  By Kalpana Rashiwala AFTER keeping a low profile on the residential launch front in Singapore for the first seven months of this year, Capita Land yesterday said it will launch for sale a total of 800 to 1,000 homes in four
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    • 110 8 Bloomberg CAPITAMALL Trust said it sold more shares than it had initially allocated to retail and institutional investors in a share sale. The trust, which raised $238.1 million from the sale of 147 million new shares to fund its purchase of Plaza Singapura, said it
      Bloomberg  -  110 words
  • 2862 4 UNIT TRUSTS FUNDS ComMrtm* AMI Mot Com Global RnancHndeM 0.936 Com Global litest* Met Fd 0-976/ AM Amre Am) Mgt (S'pore) Com Global Health Index Fd 034* Star Eixope Eqty!** 0718/ Com Global Telecom IndB Fd 0.478 Star Etfope Bond Com Global kitotec mdnFd!" 0328/ Stai Europe Bal 1-033/ Com
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  • Page 4 Advertisements
    • 1310 4 Notices SENfc HUA HNG REALTY PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION WINDING UP) At an extra ordinary general meeting of the members of the Seng Hua Hng Realty Pte 1-td held at 1 27 Defu I .ane 10. Singapore *****4, on July 23. 2004 at 11.00 a.m.. the following resolutions were
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    • 557 4 In the Matter ot The Companies Act, Cap. 50 and In the Matter of FUSTAR CHEMICALS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Fustar Chemicals Pte Ltd held at 1 Stadium Walk Level 2 Kallang Theatre Building Singapore *****8 on 26 July 2004 the following
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  • Page 5 Advertisements
    • 230 5 There is no holding it back. One glance is enough to tell anyone that this is no ordinary Jaguar. The new Aluminium XJ breaks the mould with a rein'orced aluminium body that is 40% lighter than steel, yet 60% stronger, providing increased manoeuvrability and stability. Difficult corners are effortlessly cut
      230 words

  • SINGAPORE markets
    • 747 6  -  Compiled by VEN SREENIVASAN KeppelLand My 29 daring: $1.87 KEPPEL Land is a good proxy to ride on a recovery in the local housing market and a rebound in the office sector come FY 2005. Overseas contributions will rise from 30 to 50 per cent by 2005 as
      747 words
    • 234 6  -  HOT STOCK WARRANT By R Sivanithy THE IPO market has become very discerning lately, with first-day flops a regular occurrence. Also, it's not unusual to see new listings trade below water. So when one manages to stay above its offer price and attracts "buy" recommendations
      Source: Bloomberg  -  234 words
    • 501 6  -  BT comment STOCKS r. sivanithy AN afternoon play on the banks livened up what was heading to be yet another drab session in the local stock market yesterday. Still, although the Straits Times Index's 16.86-point rise to 1,892.11 caught many players
      Source: Bloomberg  -  501 words
    • 603 6  -  BT comment CURRENCIES US oil prices at 21-year high bring British pound-yen cross trade into focus larry wee THE US dollar took a breather from its recent sharp rise after weaker-than-expected US durable goods orders were announced overnight, but it remains dangerously
      Source: Reuters  -  603 words
    • TRADES TO WATCH
      • 148 6 COCKPIT Hotel International, the investment vehicle for the family of the late hotelier Teo Lay Swee, has emerged as a substantial shareholder of TPA Strategic Holdings after subscribing for 10 million shares at 22 cents apiece in a share placement. Cockpit now has a 6.75
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      • 80 6 THE Ascott Group managing director and chief executive Eugene Paul Lai Chin Look exercised 200,000 share options yesterday at 32.1 cents apiece. The exercise gave Mr Lai a stake of 0.013 per cent in Asia's largest serviced apartment provider. He still has 1.4 million unconverted
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      • 59 6 GP BATTERIES International executive vicechairman Richard Ku Yuk Hing continued paring his stake in the battery supplier on Wednesday, selling 5,000 shares at $3.30 on the open market. He now controls 0.086 per cent of the company's shares from 0.091 per cent previously. GP
        59 words
      • 89 6  -  Compiled by KENNETH LIM MTQ Corp chairman and chief executive Kuah Kok Kim bought 7,000 shares on the open market on Wednesday at 38 cents apiece, increasing his direct stake to 0.19 per cent from 0.18 per cent. The director also has a deemed
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    • Article, Illustration
      412 6 OTHER SINGAPORE INDICES Jul 29 VALUE CLOSE BTOMB -470.00 -8.00 BTCAPt -*****.00 -29.00 WINyili *****.00 47.00 AUG Equity 495.79 +3.94 SB EmHIm Btct 154.68 +0.32 ICHalBwFte 1573.43 +16.02 S6 Equftto Prop 447.97 +1.87 SMSCI 229.87 +2.35 SiMSCI Futures 229.30 +1.30 SlntfTel 15c~ 27,386.000 Chart SernlCand 26c 24,516,000 8TatecomUS2c 18,736.000 Links
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  • Page 7 Advertisements
    • 1035 7 I ranging from senkx exec nstruCtion accounting, I 1 Sp^" s> businMs operatk>ns ITOp-^tis^s^:l TOp -^tis^ s^: 633 t C.A.T.S. Buy It. Sell It. Find It. Head Office: 190 avenue Charles-de-Gaulle ***** Neuilly Cedex (Paris) France I 1 |yf, i I Singapore Branch: 6 Temasek Boulevard #25-04/05 Suntec Tower 4
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    • 111 7 i v I V, r* H c- .h jv., r- f j p' H i m }i 1 i 1 I! *v» I M l M; I i i% M 1 I 'i 7 v I j V f r i -v i r M' h fx i 1 p
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  • PERSONAL finance
    • 1062 7  -  Having a magic number in sight is good but you also need a plan to work towards it, says ROY VARGHESE ROY VARGHESE This month's Fortune magazine had a terrific article by Lee Eisenberg entitled The Number, about how much money is enough for the dreaded
      1,062 words

  • Article, Illustration
    1115 8 Transaction date: Jul 29 DtTERBAMK CROSS EATES AS c$ «w> Euro HXS lnd»s Rupiah Yen Won W K$ Mib fw» S$ Hand Sfr HT$ Batit Pound USS Australia 0.931 5.791 0.580 5.457 32.514 64.158 0.781 8.174 2.659 1.106 40.849 39.201 1.207 4368 0.891 23.922 28.962 0.383 0.700 Canada 1074
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  • Page 8 Advertisements
    • 1542 8 TAncHono > Tan Chong International Limited international (Incorporated in Bermuda with limited liability) INTERIM RESULTS MANAGEMENT REVIEW Tte Board of Directors (.he "Hoard") wishes .0 announce the on momenulm of 2003 oroup progressed following unaudited results of the Group for the six months ended 30 June ">OO4 from strength to
      1,542 words

  • SINGAPORE news
    • 412 9  -  New fixed-rate deal with cash rebate eases first-year interest burden By Siow Li Sen ABN Amro Bank is offering an innovative two-year fixed-rate home loan package with a cash rebate that minimises the pain of higher first-year interest rate but acts as a
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    • 271 9  -  By Genevieve Cua MOST of the complaints submitted to the Insurance Disputes Resolution Organisation (Idro) had to do with mis-selling or misrepresentation, said Idro in its first annual report. Idro said it has successfully attained a dispute resolution rate of 100 per cent.
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    • 174 9 WITH two new sponsors this week, The Bull Run 2004 the Singapore Exchange's charity fun run in the Central Business District has drawn $529,688 in donations. Jurong Technologies Industrial Corporation and Noble Group are the latest contributors in the $100,000 Diamond Bull Sponsor and $75,000
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    • 412 9  -  By Kalpana Rashiwala IN an unusual development, CPG Facilities Management (CPG FM) has clarified that the huge $332,700 monthly fee quote it submitted in a Singapore Land Authority tender that closed on Wednesday was actually a lump-sum quote for the entire
      412 words
    • 389 9  -  Talks a learning exercise: India's High Commissioner By Amit Roy Choudhury THE free trade talks with Singapore have been a learning exercise for India and an agreement will be reached "fairly quickly", according to India's High Commissioner to Singapore, Alok Prasad. Speaking on the
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    • NEWSRoundup
      • 57 9 SINGAPORE-BASED System Access, which offers universal banking solutions for the financial services industry, yesterday signed a global partnership agreement with Satyam Computer Services, India's fourth largest software services company. Satyam will support the distribution of System Access products and will also act as its primary resource
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      • 61 9 SINGAPORE and Panama have concluded their second round of negotiations on a free trade agreement. The talks covered a range of issues including trade in goods, rules of origin, Customs procedures, financial services, government procurement, competition, institutional provisions and dispute settlement. The FTA talks were
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      • 99 9 THE intake for entrepreneurship courses at the National University of Singapore has increased almost five times in the past five years to 1,111 students today. And while entrepreneurship education is a contradiction in terms for sceptics, others believe that if it can be learned, it
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  • Page 9 Advertisements
    • 1286 9 Corporation Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2004 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the second quarter ended 30 June 2004: SECOND QUARTER HALF
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    • 236 9 BFnnniON OF CAPITAL In the matter of Sections 69 and 73 of the Companies Act (Cap. 50) Notice is hereby given that SIEMENS VDO AUTOMOTIVE PTE LTD (RC No. *****8326N) ("the Company"), having its registered address at 28 Ayer Rajah Crescent #08-05/08 Singapore *****9 and so authorised by its articles
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  • EDITORIAL & opinion
    • 731 10  -  THE bottom line OPINION caroline baum Bloomberg EVERYONE is familiar with the psychological experiment where a group of people looks at the same photograph and sees something different Was the woman in the photo a young lass or an old
      Bloomberg  -  731 words
    • 110 10 There is not a black America and a white America and Latino America and Asian America; there's the United States of America We worship an awesome God in the blue states, and we don't like federal agents poking around in our libraries in the red states. We
      110 words
    • 547 10 EDITORIAL LABOUR chief Lim Boon Heng is right to be concerned about the shortfall of Singaporean workers in the domestic services sector. But that's just part of a bigger, more pressing issue: finding a formula that works for Singapore's employers, employees and unemployed. The NTUC secretary-general
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    • 959 10  -  What we are witnessing in Geneva is a failure of European and US political leadership of epic proportions By Kevin Watkins IHT THERE is a Swahili proverb that goes: "When elephants fight, the grass gets crushed. When elephants make love,
      IHT; REUTERS  -  959 words
    • 711 10  -  COMMENTARY By Graef Crystal Bloomberg TWO chief executive officers of prominent Silicon Valley companies are bookends for the degree of risk in their pay packages. Maxim Integrated Products Inc's John Gifford has an extremely high-risk pay package, while Analog Devices Inc's Jerald Fishman has a package with
      Bloomberg  -  711 words
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  • REGIONAL news
    • 501 11 BOMBAY Shares set aside for institutional investors have already been fully subscribed to AP Bloomberg SOFTWARE giant Tata Consultancy Services got a strong response as it started selling 55.45 million shares yesterday to raise up to US$l.25 billion in what is billed as
      AP; Bloomberg  -  501 words
    • 466 11 SHANGHAI It's a step to curb parents milking listed units for cash Reuters CHINESE regulators have devised a plan to allow companies that siphon off funds from listed subsidiaries to repay the cash with shares, hoping to resolve a longstanding problem
      Reuters  -  466 words
    • 250 11 KUALA LUMPUR Bloomberg MITV Corp, Malaysian billionaire Vincent Tan's television company, said it will go on air in October, earlier than planned, and offer a Korean entertainment channel as part of a 60-sta-tion service. The "soft launch" by Malaysia's second pay-televi-sion
      Bloomberg  -  250 words
    • 193 11 Bloomberg [KUALA LUMPUR] Malaysia's interest rates are expected to remain low next year to support economic growth, Second Finance Minister Nor Mohamed Yakcop said. "The present accommodative policy will continue. As far as I can see, the economic circumstances have not changed," he said
      Bloomberg  -  193 words
    • NOTEBook
      • 73 11 AP [KUALA LUMPUR] Malaysia pledged yesterday to help Cambodia fill missing links in a major Asian rail project that is expected to stretch from Singapore to southern China. Officials from Malaysia's Transport Ministry will enlist local contractors and private firms to provide Cambodia
        AP  -  73 words
      • 71 11 Reuters [MANILA] The Philippines' drive to shore up its fiscal position took a blow yesterday with a downgrade of its local debt rating, but a senior government official insisted the budget deficit was under control. Standard Poor's ratings agency affirmed its long-term foreign-currency sovereign rating of
        Reuters  -  71 words
      • 115 11 AP [JAKARTA] Retired Gen Wiranto said yesterday that he has filed a complaint with the Supreme Court, alleging that widespread irregularities at the polls damaged his chances of victory in the country's first ever direct presidential election earlier this month. The court promised to rule on
        AP  -  115 words
      • 85 11 Reuters [KUALA LUMPUR] A controversial US$7OO-million gas pipeline between Malaysia and Thailand is expected to be completed by the end 0f2004 after a long delay, a project partner said on Wednesday. "By the end of this year, Thailand will be connected to Malaysia," Hassan Marican,
        Reuters  -  85 words
      • 92 11 Reuters [BANGKOK] Thailand cut its 2004 economic growth projection yesterday to 6.0 to 7.0 per cent from an April forecast of 6.8 to 7.8 per cent and against actual 6.8 per cent growth in 2003. "The main factors for our more moderate forecast are lower
        Reuters  -  92 words
      • 63 11 AFP [BANGKOK] A Hollywood studio is to invest US$75 million in new film studios in Thailand and wants to shoot Band of Brothers II in the kingdom. Studios Intl will begin building on a 32.3 ha site in Samut Prakarn province near Bangkok early next
        AFP  -  63 words
    • 531 12 HONG KONG Number of private jets seen rising from a conple of dozen to over 600 in 10 years Reuters CHINA'S growing billionaire club is attracting makers of champagne- and cavi-ar-stocked private jets, but regulations and other barriers to entry
      Reuters  -  531 words
    • 213 12 LONDON Reuters US investment bank Goldman Sachs Group is close to setting up a groundbreaking venture in China that could make it the first foreign firm able to arrange equity and bond deals in the country, the Financial Times reported on Thursday. The
      Reuters  -  213 words
    • 293 12 SHANGHAI A group of drug firms move against diabetes drag Avandia Reuters A GROUP of Chinese companies is challenging a patent for a popular diabetes drug made by GlaxoSmithKline pic, Europe's biggest drug maker, weeks after China overturned a patent on Pfizer Inc's Viagra. The
      Reuters  -  293 words
  • Page 11 Advertisements
    • 1285 11 I Notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF BROADVISION SINGAPORE PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 585 Broadway, Redwood City, California
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    • 362 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1. A'S ASSOCIATE SANITARY ELECTRICAL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) 2. AMCOL REX PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
      362 words
    • 1140 11 A of ices Theee financial statements are the raeponsibiltty of toe Bank's menegament Our raaponsJbilty to to express an opinion on htt financial statements baaed on ouf audit 3.We conducted our audit ki accordance with Vie eudWng standards generally accepted In Indta. Those standards require toat we plan and perform
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  • Page 12 Advertisements
    • 1499 12 HSH NOR JbANK Financial Accounts for the Year 2003 Incorporated in the Federal Republic of Germany Group Balance Sheet as at December 31, 2003 Group Statement of Income for the period January 1 to December 31,2003 Assets Liabilities 31.12.2003 1.1.2003 31.12.2003 1.1.2003 3112 2003 *****3 thousands thousands thousands Liabilities to
      1,499 words

  • WORLD news
    • 404 13 LONDON Reuters AFP OIL prices fell yesterday from record peaks after Russia's justice ministry said the embattled oil giant Yukos need not halt oil sales. US light crude September delivery lost 40 cents to U5542.50 a barrel early after climbing to a peak
      Reuters; AFP  -  404 words
    • 211 13 LONDON Reuters ROYAL Dutch/Shell will pay about US$l5O million in fines to end regulatory probes into an oil reserves scandal that tarnished its image, as record oil prices drove its second-quarter profits higher. The world's third-big-gest oil group, which shocked investors in
      Reuters  -  211 words
    • 148 13 BEIJING Reuters SUSAN Buffett, the wife of Berkshire Hathaway Inc chairman Warren Buffett, died of a stroke while the two were visiting friends in Cody, Wyoming, the company said yesterday. Susan Buffett has been a director of Berkshire since 1991 and owned 2.2 per cent of the
      Reuters  -  148 words
    • 585 13 LATEST US DATA Jobless claims inched np to 345,000 last week; wage, salary costs rose 0.6% in Q2 Reuters AP [WASHINGTON] The pace of layoffs in the US held nearly steady last week, at a level suggesting a strengthening job market but wages
      Reuters; AP  -  585 words
    • 670 15 HOUSTON Moves to restrict offshoring counterproductive in long run OUTSOURCING has had a positive effect on the US economy and restrictions to offshoring may adversely impact on the quality of jobs in the country, a US policy think-tank said. The study by the National Center for
      AP  -  670 words
    • 303 15 WASHINGTON LAT-WP AN on-going federal probe into America Online's financial practices has uncovered potential problems related to the AOL Europe division. This has prompted Time Warner to launch a fresh review of its accounting for the unit that could lead to a restatement
      LAT-WP  -  303 words
  • 3481 13 SICOM FUTURES ,jul2i RUBBER Futures (Closing prices) RSSKSceats/kj) CtOM Mm Open Month High Low Sett (tonnes) Interest Aug 04 ***** Sep 04 216.50 Oct 04 ***** Nov 04 213.50 Dec 04 213.50 Jan/Mar 05 214.00 RSS 3 (US cent sAg) VohflM Opw Month Low Sett (tonnes) Merest Aug 04
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  • Page 13 Advertisements

  • 4746 14 Transaction date: Jul 29 HONG KONG Vol HK Exchanges Clearing..16.20 -0.15 2926 HKS '000 HKRInt'l 2.60 unch 2374 Hong Kong Electric 33.30 -0.10 2564 Aeon Credit 5 00 unch 70 Hongkong Chinese 0.93 0.01 484 Aeon Stores 6.60 0.30 250 Hopewell Holdings 15.70 -0.10 236 Aloha General""" 0.32
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  • 2049 14 TYnnjtnrtinn date: Jul 29 KUALA LUMPUR SS?™ ?S J5! S SESSH=35 IS i•>«» -is is J i8 5 SUssz=iS 2£ S »5 j» Advance Synergy 0.43 0.01 118 0.97 0.07 9 Affin Holdings .0.15 0.01 1853 GopjngWxL 0.55 0.02 350 t™ kiRes S To! ££Sz:::::::z:£5 22! u 0 83
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  • 711 14 Transaction date: Jul 29 TMrt.w. m Om» an»| »tmkmmm m Om On AHwaanSOc 031 1.050. -0.010 NOt 1.82 2410 JtUrtKJSOc 0J8 0.775 +0.030 OC1C 10.32 12JOO *OJOO SXjoT 1M 1540 *0.030 Parkway H 25c 0.55 1.110 Chart SamtCond 26c 0J1 1.010 -0.030 Peoples Food HK50c 0JS 1.110 jWJIO Citv
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  • 833 14 BOMPS WARRANTS Pram Expiry T#l Last Vol Com Eur Disc Gut Mthi Coda Company Sate *w- 1000 Ratio frit* log Laft A3Nf*****3S ADBn 1.845S*****SS 3779 ASL Marine Hldgs \MJB0401 14.5 1 S3 33* <5 3697 Acma Ltd W*****6 OJ 1 SO 742 12.00 3602 Amtek W*****0 76 1 33 43
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  • Page 14 Advertisements

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  • EXECUTIVE Lifestyle
    • 1649 16  -  The launch of Apple's European iTunes online music store in London last month is an example of the new alliances that the music industry has to forge with non-traditional partners in the constantly shifting environment that it operates in. KANNAN CHANDRAN looks at how technology is changing
      REUTERS  -  1,649 words
    • 652 16  -  OFF the cuff PERSPECTIVE Here's an idea for bndding entrepreneurs develop an anti-terrorist kit that people will want to keep jaime ee I'VE just come up with a great get-rich-quick, oops, business opportunity that will enable me to expand Singapore's entrepreneurial pool and qualify me
      652 words

  • HIGH LIFE
    • 1164 17  -  The saying 'a man's home is his castle' is especially apt, going by how much some people are willing to spend. JAIME EE reports JAIME EE DESIGNER kitchens may be all the rage for the sophisticated home cook skilled at reproducing River Cafe or Nigella Lawson
      CHRIS LOH  -  1,164 words
  • Page 17 Advertisements
    • 30 17 The Martell Elite Club is a gathering of like-minded joie de vivre aficionados with a quiet discernment for the finest things in life. For more information on membership, visit www.martellelite.com.
      30 words
    • 21 17 MARTE I I with W i*§P^ iSsstsfc Ju^^H I ;j4^te MjnH uj^jn^^^H^V ;> MMB ■Kv .«>&« ■■"^M HBK I "-^j^H cordoi^HH BLEU j^Hj
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  • Page 18 Advertisements
    • 1565 18 P M tZ/fie Ldhimate of fee xpef7em» Throughout the ages, nothing has awakened the senses quite like coffee. Be it a pick-me-up Food, food glorious food first thing in the morning or a long, lazy drink on a Sunday afternoon, there's a coffee experience to suit everyone. Yet this little
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  • ENTERTAINMENT
    • SHORTTAKES
      • 179 19  -  By Raju Chellam Zen, PR and the Net by Seamus Phan and Ter Hui Peng IF you're a newbie entrepreneur and not sure how exactly to market your concepts to the press and the public, here's a handy, 192-page soft-cover with just the right dose of practical advice, philosophy
        179 words
      • 250 19  -  By Cheah Ul-Hoon Sounds Like Mirrors (sound and visual exhibition) and If the Universe, between Circle and Ellipse, Slips (performance) TEXT, sound, visual art and movement meet, revolve and overlap each other in this performance cum exhibition at Plastique Kinetic Worms. This series has strong conceptual underpinnings for what
        250 words
      • Article, Illustration
        195 19  -  By Cheah Ul-Hoon The Revenge of the Dim Sum Dollies YOU'VE seen the red and white Beetle convertible around town, and seen gaily dressed actresses Selena Tan, Pam Oei and Emma Yong at the windows and on CK Tangs bags. It's now time to catch them on stage at
        195 words
    • 605 19  -  House of Flying Daggers boasts a sliver of a script and focuses instead on action and melodrama By Geoffrey Eu LESS than two years after he tried his hand to impressive effect at a martial arts genre movie, heroic characters, a tragic romance and dazzling swordplay
      605 words
    • 608 19  -  By Cheah Ui-Hoon THE definition of a classic play is one that can be revisited time and again because it has something enduring, regardless of the changes of time and thought. Michael Chiang's 10-year-old Private Parts might have been seen as "classic" Singapore stage comedy in
      608 words
  • Page 19 Advertisements
    • 63 19 Diners Club Credit Card To apply, call: 0980 I Where to wine, dine and entertain... J| Pieose coll 6430 4119 to nooke r««fvafionj Oxford Hotel 218 Queen Sire* Smgapora *****9 Shunjuu (6887 3577)... I eniov a sumptuous Japanese meal with my Diners Club Card 1 «mmm a one-for-one on Asahi
      63 words
    • 122 19 ft COURTYAID Salute The Nation National Day Buffet I 9 AUGUST St. Gregory s Brasserie celebrates National Day with a line-up of sumptuous treats such as an International Buffet. Seafood BBQ Night. Dally, 12 noon 2.30pm Lunch: Adult $25 Child $15 Sun to Wed, 6pm 10pm Dinner: Adult $27 Child
      122 words
    • 140 19 National Day Celebration Euro-Asian Buffet 2-12 August To celebrate the Nation's 39th birthday. Cafe Plaza Is serving up hawker delights of bygone days... Indulge In Kway Chap. Hae Mee. Hainanese Chicken Rice, Tua Tow. Bak Kut Teh, Rotl Prata and lots more. Monday to Sunday (except Saturday) Lunch: $26.80 (Adult).
      140 words
    • 217 19 Taste Fine Wine Merchant's First Ever WINE SALE First ever Bin-End Sale by home-grown, top quaßty Wine Merchant in Singapore. Offering an awesome wide selection of wines from major wine-producing regions renowned producers, at irresistible prices starling from $18. Bordeaux. Burgundy. Chablis, Beaujolais. Maconnais. Champagne. Alsace. Rhone Valley. Loire. Cognac.
      217 words
    • 150 19 Daily Lunch Fusion Buffet $15.80**+(AduM> «slo.Bo(Chtkl-Betow I2yrs) Indulge in Smoked Salmon. Mussels. Nasi Briyani, Nasi Lemak, Mm Siam and lots more. Mon Fri from 11.30 am 2pm Doily Dinner Fusion Buffet $1 7.80* ♦♦(Adult) .$12.80* ++<CWId-Betowl2yrs) Savour our freshly imported Chilean OYSTERS. SASHIMI. Rati Praia local delicacies Nightly from 6.30pm-10pm
      150 words
  • Page 19 Miscellaneous
    • 217 19 CRYPTIC CROSSWORD 1 Cheeky clues showing a sense humour? fIHT is most under strain (7) DOWN 1 See duck in chop suey, oddly (7) 2 Temperature fell round Bangor, 14 Presume dead following dis- event, 10 Jowl, 12 Kiwi, 13 Streakreportedly (5) patch you heard (9) ing, 15 Carefree, 16
      217 words

  • 1433 20  -  Making Time Oliviero Bottinelli tells LEELA JESUDASON how he became turned on by watches, in particular AP timepieces LEELA JESUDASON OLIVIERO Bottinelli is Swiss, but over the years he has become well-liked and respected in both local and regional watch circles as the man behind the privately-owned
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  • Page 20 Advertisements

  • SHIPPING TIMES
    • 289 21 Bloomberg FREIGHT rates for very large gas carriers, the biggest ships that carry liquefied petroleum gas, rose last week as near-record Opec oil output boosted exports of gases made from refining crude. The Organization of Petroleum Exporting Countries pumped about 29.3 million barrels of crude in June to
      Bloomberg  -  289 words
    • 238 21 SGX 000 Jul 29 s$ W- VI CH Offshore 038 -0.01 736 OmnHyp 053 -0.01 1320 Cosco Investment 037 0.01 7214 CWT Distribution .0.48 unch 0 Ezra Hktos .0.94 und» 0 Freight links..... .0.10 unch 27 Java Holdings. 037 -0 01 837 K1 029 -0.01 ***** KjppeiCorp 725
      238 words
    • 541 21 Company forecasts a rise of 10-11% in net yields for Q3 and 1-3% for Q4 Reuters [OSLO] Norwegian-Ameri-can cruise line Royal Caribbean Cruises posted a sharper gain than expected in second-quarter profits, helped by higher prices, and hiked its 2004 earnings
      Reuters; BLOOMBERG  -  541 words
    • 771 21 Its key challenges ahead include faster turnaround, equipment control SINCE 1998, when an extensive cost cutting drive started, Mitsui OSK Lines (MOL) saved almost US$4OO million in its container operations. The exercise will continue for the next three years, MOL deputy president Hiroyuki
      771 words
    • 126 21 [SINGAPORE] Mitsui OSK Lines (MOL) president Akimitsu Ashida has announced the setting up of a new subsidiary Mitsui OSK Lines (New Zealand) Ltd, from Aug l. Since MOL started direct services between Japan and New Zealand in 1959, the company has developed a
      126 words
    • 215 21 AP [SINGAPORE] A Singaporeregistered petroleum tanker, Setia Jaya, caught fire in the Indian Ocean earlier this month, killing five crew members and leaving one missing, the Maritime and Port Authority of Singapore (MPA) said late yesterday. The 6,370 ton vessel, which was empty at
      AP  -  215 words
    • 753 22  -  ADMIRALTY CASEBOOK A Sydney court ruled that a second prosecution of the owner and master under a different section of the Marine Pollution Act wasnot an abuse of process and did not offend the 'double jeopardy'rule By Selva Kumar THE owner
      753 words
    • 188 22 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
      188 words
    • Article, Illustration
      38 22 AP [NEW LONDON] Tug boats helping the Romanian ship Mircea turn around while leaving the State pier during the last day of the New London Tall Ships Environmental Festival in New London, Connecticut, on Sunday.—AP AP
      AP  -  38 words
    • 12514 26 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyige Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvolra 07/06 31/08 Delmas THERMAIKOS 435W 65-*****J44 08/08 16/09 Delmas WESTERDEICH 008W 65-*****344 09/08 17/09 China Sh(X) PERSEUS 2014W 65-*****898 10/08 21/09 COSCO YM SAVANNAH 0001W 65-*****900 11/08 18/09
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    • SHIPS IN PORT
      • 621 29 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL BRASTAGI 3 002N J25 A/SIDE 30/07 0400 CECBLUE 9576 J10 A/SIDE 30/07 1200 NHUTTAO 3/04 J14 A/SIDE 30/07 0500 ASO 13 J7/8 30/07 1400 31/07 1200 ATLANTIS 7 A7202 J3 30/07 1500 31/07 0630 BAYSWATER338 E4185 J3 30/07 1830
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      • 1636 29 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX MARGUERI 033N 033N 1 31/07/2004-03:00 31/07/2004 13:00 ACX MIMOSA 002S 002S J 02/08/2004-12:00 02/08/2004 22:00 ACX SWAN 105N 105N 1 31/07/2004 15:00 01/08/2004-01:00 AL FAKAHIDI C297E C297E 1 01/08/2004-02:00
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      • 137 29 Aug 1 Switzerland: Nat Day. Aug 9 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: Summer Bank Hoi. Aug
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      • 837 29 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
        837 words
      • 596 29 Carbon 180 Max 983.7 0.3 15.2 0.03 41 0.03 Jul 22 Density Water Residue AshAiumtnium Sediment Ho above E25 0 0 1 0 0 0 —TZ 380 Ave 987.9 0.2 14.9 0.04 19 0.02 E„on 380 Max 1013.5 0.7 17.9 0.07 55 0.06 kg/m*3 v/v Ml*
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    • AIR & LAND transport
      • 454 30 Growth seen to exceed 10%, with HI passenger traffic rising 20% Bloomberg [TOULOUSE, France] Airline passenger traffic on international routes may grow by more than 10 per cent in 2004, more than forecast earlier, helped by economic growth, an airline trade
        Bloomberg; AFP FILE PHOTO  -  454 words
      • 358 30 Airline to lease two A320 aircraft, adding to present 2 Bloomberg [BALI] Singapore-based discount airline Valuair Ltd plans to lease two aircraft this year to double the size of its fleet so it can add more routes in Asia, where cheaper
        Bloomberg  -  358 words
      • 236 30 Bloomberg THAI Airways International, Thailand's biggest carrier, said it plans to buy 14 aircraft by 2010 to fly to more destinations in the US and Europe. The company will buy six long-range planes, with a capacity to seat
        Bloomberg  -  236 words
      • 153 30 AFP [LONDON] Ryanair announced on Tuesday plans to launch an additional eight routes helping to serve three new destinations, giving the Irish nofrills airline a network of 161 routes across 17 European countries. Ryanair said seven of its new routes would serve Santander and Zaragoza
        AFP  -  153 words
      • 282 30 AFP [ARLINGTON, Virginia] US Airways Group said quarterly net profit more than doubled but remained too meagre to keep the carrier viable in 2005 without deeper cost-cutting. Net profit climbed to US$34 million in the three months to June 30 from
        AFP  -  282 words
      • 223 30 US Transportation Department cites safety factors AFP [WASHINGTON] The US Transportation Department has informed Ghana Airways it must stop service in and out of the United States until safety questions are answered. "The US Department of Transportation (on Tuesday) notified Ghana Airways
        AFP  -  223 words
      • 301 30 Reuters [BOMBAY] Kingfisher Airlines, an Indian budget airline backed by the country's largest beer company, said it had signed a deal with Airbus to acquire 12 A 320 jets for US$75O million. Kingfisher has also signed a deal with GE Capital Aviation Services
        Reuters  -  301 words
      • 2163 30 CITY FLIGHT ETA FLIGHT ETC AMiMt 8*7381 K40 UmfO 2300 ***«K35 0»0 WIS 1745" OF81 mo mn imp W4 ms soot auo llMlWri S0461 MOO S0462 0200 0M» OTg" «Ktir(M $0323 OilS KL838 2255 [>uk 1 l M 0S55 EK349 0030 6*975 0855 S0324 2345 »403
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  • Page 21 Advertisements
    • 199 21 ADMIRALTY CASEBOOK: Ghana Airways I No double jeopardy in service to and I oil discharge case: from US I Sydney court stopped I PAGE 2 U BACK PAGE J SINGAPORE/PORT KLANG TO CHENNAI AND V.V. TRADES NOTICE TO TRADE RATE RESTORATION Please be advised that a Rate Restoration will be
      199 words

  • Page 22 Advertisements
    • 883 22 1 TO USA/CANADA 1 I EXPORT 1 I OTHER DESTINATIONS I VESSEL VOY PKG j'ETA'SIN LONG BEACH DALLAS HOUSTON MEMPHIS [CHICAGO NEW YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) P&O NEDLLOYD KOBE 41E31 OMIT 2S/D7 131/08 19/08 20/08 18/08 18/08 21/08 yjija VOY ETA SIN PKG —FRT~| —iSr~| —SYDH —MEL AM
      883 words
    • 567 22 lines services represented by Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association CONTAINERS/ CONVENTIONAL CARGO /T PORT K LANG/SINGAPORE/JAKARTA IBANGKOK VOY ETAPKL ETA SIN ETAMAIJ-: Princess Lily 0504 31/97 08/08 Kota Teraju TRJOB7 ofi/08 IWW LILY MARINE SERVICES SINGAPORE PhoiH-: 6224-4
      567 words

  • Page 23 Advertisements
    • 1003 23 MOL Combines a range of shipping modes to ensure timely, reliable services cowing major ports in Norln America, Europe, Japan, Asia, Africa Oceania. Hn hhw Aik Cpffe* HISAN KWAHGYAHG/ SHANGHAI /YANRAH/XIAMBI/MGMO/KUMIII /iAKAIIA SUtAIAYA KAOHSIUHG IAN6KOK UIH CHAiAHC MCHWI EASK WBMft POiT MUMS For Schedules, BL Searches, and Container Tracking, visit
      1,003 words
    • 2455 23 ADDITIONAL NEW WEBOY ADX" SERVKE TO EAST MBITERRANEAN OR EVERY FRMAY Titrnrnw tit irtfinun -ismys GENERALAGENTS M SINGAPORE: 16 RAFFLES OUAY #36-01 SALES/RKGS TEL *****857/43 FAX: *****321/24 I MCTM MIPPIN6 PTE IT° SK?.% U S!«SS SBSil SNKAPOU TO TIRSSAIONM -14 DAYS REG N0.*****1787G TEL: 6226 1900 (MAIN) T/SHtf DEf *****825
      2,455 words

  • Page 24 Advertisements
    • 1030 24 VUIAF WALLENIUS WILHELMSEN website: http://www.2wglobol.(om VtSStl [VOT I RAMP UC MAP hou« mi* sav »al 0«f NYC NEW wot TARONGA I AF4IS 3201 MS 6.25 M I 01/08 25/08 03/09 10/09 11/09 15/09 13/09 1 7/09 07/09 TAPIOLA AMOS 400Toxs 6.3 M 06/08 11/09 16/09 1 3/09 U/09 TAMESIS AF4I6
      1,030 words
    • 1702 24 WAN HAJ INTERNATIONAL PTE LTD aHO **********0/1 V— "l TEL *****588 (MUNIS) FAX:*****163 \\M\\A/AIJ HAI I INF\ Cwstamer Scrvkt/Bookings Orect lint (1800) *****200 V f f Mil lIMI LlllLJ m i&MWMMifU: matron FBI lLMizusm ML lownuft \> JOHIH: (07) *****7J FAX: (07)751 W2I »IH: (Oil) JWS47S NUL (031) CT2714/ 3»1305
      1,702 words
    • 795 24 JBgAj MYANMA FIVE STAR LINE (Myannar Notional Line) Loading for Yangon VESSft VOY SIN PKI PEN PGU PAGAN 328W SU) HPA-AN 320W SU) SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL 03-2142/300 PKL- 03-*****101 PEN: 04-*****02 ACCEPTIN6 CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKI KUC LION HEART 111 SID SU)
      795 words

  • Page 25 Advertisements
    • 1274 25 IRISL, @®F(s)<°) m) Qfhtf&ygjlh \bM ®<1 ItexsHmg) {few Q® fift)lk]ft](£ jpofimite Son Ur®ft) m vmHH 9® <SoJJ3o ®&yft)MsB 3ft) Qih® {fej&DmD Qvexmito Qdim®* AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INDONESIA SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SDN. BHD. PT. SINOSE CONTI PERSADA TEL: *****144 FAX: *****181 KLANG
      1,274 words
    • 648 25 UK CONTINENT SERVICE Loading for ANTONIS RTM/ATW/BMN/UK/NAN STARLY RTM/ATW/BMNAJK/NAN Loads Singapore, E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE Loading for GOLDEN SUN ADN/HDD/J DH/AQA C CHAMP DMT/YAR/BZA VTC STAR DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, E7W Malaysia, Indonesia USA SERVICE Loading for IVORY STAR LAX/VCW SAMOS DREAM CAM/NOL/NFK/SAV 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES S
      648 words
    • 1315 25 vtssii m m to jassa m su jd nc MWO* 1264N 31/07 01/01 AIAMJAYA 2 JJJZ 31/07 03/08 PACIANOA 1265N 01/0? 02/ M _tA£JALJ 1216 JlifiZ 03/08 CSf 230) KOI IN 01/ M 02/ M Mt UTiM 52&2 04/01 07/01 CSf 2301 SaiE 81ZM 04/ M ALAMJAW2 »90» 07/ M
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  • Page 26 Advertisements
    • 282 26 msmmm TIGER SKY 204N 05-06/01 11-13/08 19-20/08 ■MUftUI TIGER SEA 20 SN 07-08/08 13-15/08 21-22/08 I TT7TTTW TIGER WAVE 206N 11-12/08 17-19/08 24-25/08 TIGER PEARL 207N 14-15/08 20-22/08 28-29/08 I 11l row 19-20/08 25-27/08 01-02/09 15-16/08 B MHWBOXOSIO 003 30-31/07 04-06/08 14-15/08 I ■USUIbITIGER SPIRIT 090 02 03/08 10-12/08 20-21/08
      282 words
    • 591 26 \mm n s'por.Agwh lAL SUm6| Amcv (S) Ph LH (CR NO*. **********0Z) \wTm (I I 110 Bonokol lonk Mdno Sngoport *****6 crnterasia JL,ines fa 4373*433 www.i«imHhim«| vtaa vot osk toi am tro roi ats m Issm vma wi> w»|flg w> ac m m MOL OASIS 5254 11/07 12/07 13/07 M/
      591 words
    • 685 26 I /-J—| I 1 CO MAM: TEL 6721-1333 FAX: 4221-5272 I I jrb "Ufc LIIMCO QBTOHB SERVICE: TEL 6221-5596 FAX: 6227-4190 I I ISsSMA SMGATOtE: TONG XX) SHIPPING PTE LID ONft W66UOMO( kwktaf«®»M"-«8 www.pbtMs.coa g I wmiM ttxnm to muYitt. I Bvtssa vot tuan »a vesa vot tusw aw ivcsa
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  • Page 29 Miscellaneous
    • 121 29 I REGIONAL WEATHER "SEESE^ 2 J\~\ Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols showers Fu circle w/o line indicates ca,m or li 9 ht and variable winds Ra n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots Hazy A -One solid
      121 words