The Business Times, 17 August 2004

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Total Pages: 24
1 24 The Business Times
  • 16 1 MITA (P) 023/03/2004 850 THE BUSINESS TIMES S INGAPORE I Internet: http://business-times.asial.com.sg TUESDAY. AUGUST 17, 2004
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  • 1169 1  -  After the sale, company will no longer be known as NatSteel By Loh Hui Yin [SINGAPORE] Nat Steel yesterday said it was selling its mother lode, the steel business, to the giant Tata group of India, in what is the group's first
    ARTHUR LEE  -  1,169 words
  • 77 1 sti 1,877.60 (+4.72) ST INDEX FUTURES (+11.00) SIMSCI 226.46 (+1.02) SIMSCI FUTURES 226.10 1.50) Monday Change KLSE COMP 809.12 -6.50 NIKKEI 225 10,687.81 -69.39 HANG SENG *****.75 -140.08 SET INDEX 596.98 +8.11 JAKARTA COMP —751.95 -3.97 MANILA COMP 1.594.83 +4i0 TAIPEI WPI 5,352.01 -3752 SEOUL COMP 773.85 -117 SHENZHEN
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  • 76 1 FOREX RATES US$ 8$ I'SS (SS per I'SS) 1.718 £(IS$/SS per 1.841 3.162 ErRO(l T S$/SS/E). 1.234 2.120 YEN 110.9 64.50 RM 3.800 2.212 HKS 7.799 4.540 BAHT 41.55 24.19 RIPIAH 9,287 5,406 RENMINBI 8.277 4.818 INDIAN Rl'PEE...... 46.34 26.98 AS 1.395 0.812 NZS 1.507 0.877 PRIME RATES SINGAPORE
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  • 803 1  -  BT exclusive Trend may continue if govt lifts curbs on foreigners: DTZ By Kalpana Rashiwala [SINGAPORE] Foreigners are buying a greater proportion of private homes. The quantum of Singaporean buyers fell below 70 per cent in Q2 this year for the first
    Source: SISV ReaLink, DTZ Research  -  803 words
  • 606 1  -  HOCK LOOK SIEW By Wong Wei Kong BARKING the unexpected, it's likely that NatSteel as the market has known it for so many years won't be around this time next year. In a deal announced yesterday, Tata Iron and Steel Co, India's second-biggest steel maker,
    606 words
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  • NEXT page
    • 760 2  -  Govt projections for inflation, oil prices, rupiah exchange rate unrealistic, say economists From Shoeb Kagda 14n Jakarta jNDONESIAN President •Megawati Sukarnoputri yesterday announced an Ambitious draft budget for 2005 that analysts and economists said would be difficult to achieve. Promising to raise spending
      REUTERS  -  760 words
    • 466 2  -  Govt must ensure S'pore maintains reputation for efficiency, he says By Chuang Peck Ming [SINGAPORE] The Lee Hsien Loong government must ensure that Singapore doesn't become laid-back and squander its hardearned reputation for efficiency and clean and honest government, Minister Mentor Lee Kuan
      466 words
    • 588 2 Reports of Shiites burning Iraq oil well spook market Reuters, AFP, Bloomberg {NEW YORK] Nymex crude .ail futures seesawed in earty trading yesterday, with £n initial burst upward on llews that Shiite militia in Iraq had set fire to an oil iwell, but
      Reuters,; AFP,; Bloomberg  -  588 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 76 3 W jjntf rf jA r Pi Om»> m r H v I*s; M -j dL 9 B .^Mfl IH Aflj^R^.nH^Mifl^i^feflflHni^-: i> <,ti ~+*^**^^Wll^^— 2j mi^^9Vli^HifitiM|fl^^^^^^^^HH|Nflffnc^' -JM mr I PP tk"AJ r. r «*Jf mmmijtc ArM'." ~M- s. s -m -••«-*ff' It r actually own a Patek Philippe. \taMI^HL look after
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    • 4 3 <. Designed bjr David Lewis
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  • SINGAPORE companies
    • 494 3  -  Investor interest in stock has waned after takeover tussle, say analysts By Joyce Koh NATSTEEL'S announcement yesterday that it plans to sell its steel business caused nary a flicker of surprise among market watchers, many of whom said they expected the move. Analysts
      494 words
    • 663 3  -  NatSteel buy is its 1st major acquisition overseas By Joyce Koh TATA Steel's business straddles 13 countries, but its purchase of Singapore's Nat Steel Ltd announced yesterday is its first major acquisition overseas. For India's largest private sector steel company, the deal reflected
      BLOOMBERG NEWS  -  663 words
    • 438 4  -  Saudi prince to invest in planned renovation of hotel by new owner By Kalpana Rashiwala SAUDI billionaire investor Prince Alwaleed Bin Talal announced yesterday that he plans to keep part of his investment in The Plaza hotel in New York,
      BLOOMBERG  -  438 words
    • 191 4  -  By Tang Weng Fai UPDATING its legacy computer systems, the Singapore Exchange (SGX) yesterday launched a new derivatives trading system. Derivatives trading went smoothly yesterday on SGX Quest (SGX Quotation and Execution System), which replacef the SGX ETS (SGX Electronic Trading System). "The successful
      191 words
    • 530 4  -  But cargo loads slip to 62.8% from 67.7% in June By Ven Sreenivasan IN a sign that the budget carriers have yet to make a significant impact on established Asian legacy airlines, Singapore Airlines (SIA) continued to enjoy strong passenger loads
      530 words
    • 303 4 6% rise came on the back of China's export boom, tight supply of ships Reuters TAKEOVER target Neptune Orient Lines Ltd (NOL), the world's seventh-largest container shipping group, said yesterday that its freight rates rose 6 per cent in July, posting the
      Reuters  -  303 words
    • 406 8  -  Booming oil sector and shortage of support vessels boost profit even as revenue slides 22% By Donald Urquhart BUOYED by an active oil and gas sector on the back of high on prices, offshore support vessel specialist Jaya Holdings said net profit rose
      406 words
    • 457 8  -  Company sees increase in export and domestic sales By Taila Krishnakumar AFTER a poor trading debut on the Singapore Exchange last week, main-board-listed M e £hmani Organics yesterday posted a strong 36 per cent rise in net profit to 295 million rupees
      FILE PHOTO  -  457 words
    • COMPANY Briefs
      • 119 8 A NEW company owned 80 per cent by ma inboard-listed oil gas supply specialist KS Tech Ltd and 20 per cent by Sesdaq-listed Ezra Holdings has entered into a joint venture with Atlantic Marine Offshore Services (Amos) to acquire, upgrade and manage a
        119 words
      • 86 8 CORRUGATED products manufacturer Tat Seng Packaging Group Ltd yesterday reported a 75 per cent surge in full-year net profit to $3.2 million, following a 17 per cent rise in revenue to $35 million. Earnings per share rose to 2.01 cents from 1.15 cents, while net
        86 words
      • 66 8 ELECTRONIC manufacturing services provider PCI Ltd said net profit jumped to US$9.2 million for the financial year ended June 30,2004, from US$4.5 million for the previous financial year. The increase is an impressive 105 per cent rise over the previous year's profit. The group's turnover
        66 words
      • 59 8 LISTED drugs group AsiaPharm yesterday said it has added an injection-delivered form of elcatonin to its portfolio as well as getting approval from China's State Food and Drugs Administration for manufacturing another drug, vinpocetine. The elcatonin drug will be introduced to the market by next
        59 words
      • 90 8 Reuters [HONGKONG] United Overseas Bank Ltd has begun marketing a US$5OO million to US$l billion dual-tranche bond, a source said yesterday. The Tier 2 issue will comprise US dollar and Singapore dollar-denominated tranches, with both structured with a 15-year final maturity and a call option and
        Reuters  -  90 words
      • 73 8 Reuters [NEW YORK] Telecommunications company Global Crossing Ltd said yesterday it has sold its Global Marine Systems underwater cable maintenance unit and a 49 per cent stake in S B Submarine Systems to Bridgehouse Marine Lid. Bridgehouse will pay US$l4.B million and assume US$ll7 million of
        Reuters  -  73 words
      • 38 8 MARCO Polo Developments has changed its name to Wheelock Properties (Singapore) Ltd. The new name will better reflect its association with its ultimate holding company, Wheelock and Co Ltd of Hong Kong.
        38 words
      • 135 8 HANGZHOU Velizia Food Co, a wholly owned subsidiary of SGX-listed VGO Corp Ltd, has entered into a conditional agreement with locally-based Sheng Tong Food Industries Pte Ltd to subscribe for 50.11 per cent of Jing Tong Food Co Ltd for 28 million renminbi
        135 words
      • 102 8 HEATING equipment specialist Devotion Eco-Thermal landed a bumper half year with net profit more than quadrupling. Earnings for the six months to June 30 jumped to four million renminbi (S$830,000) from 0.9 million renminbi in the previous corresponding half year. Hie strong performance came on the
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  • Page 5 Advertisements
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  • SINGAPORE markets
    • 668 6  -  Compiled by VEN SREENIVASAN ComfovtOeigro Corp AMgl6dMfa£sL23 GOMFORTDELGRO reported an interim net profit of Sslo2 million, a substantial improvement from the Sars-affected corresponding period last year. The company also declared an interim and a special dividend, yielding a total of more than 4 per cent. The main drivers
      668 words
    • 261 6  -  HOT STOCK WARRANT By Ven Sreenivasan MAINBOARD-LISTED air logistics specialist Airocean Group saw a 35 per cent drop in first quarter earnings to $690,000 for the three months to end-June, from $1.1 million a year earlier. This was despite a 71 per cent
      Source: Bloomberg  -  261 words
    • 487 6  -  BT comment STOCKS ven sreenivasan WITH oil prices hitting their 10th record high in as many sessions, investors understandably had little appetite for risk yesterday. As a result, the market drifted in thin lacklustre trading as players stayed on the sidelines. Traders
      Source: Bloomberg  -  487 words
    • 611 6  -  BT comment CURRENCIES Euro rises to four-week highs, NZ dollar lifted to best level in over four months larry wee THE greenback was again pummelled painfully in New York trading on Friday, after news of a record US trade deficit of US$55.B billion
      Source: Reuters  -  611 words
    • TRADES TO WATCH
      • 122 6 ACCORD Customer Care Solutions non-executive director Gay Chee Cheong bought 75,000 shares in the company at 63.5 cents apiece in the open market yesterday, raising his direct stake from 0.11 per cent to about 0.12 per cent. His deemed stake remains unchanged at 5.88
        122 words
      • 46 6 POR Khay Ti, deputy group managing director of HTL International, yesterday exercised share options giving him a stake of 250,000 shares or 0.084 per cent in the leather sofa maker for $115,000. HTL shares closed one cent lower to $1.24 yesterday.
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      • 51 6 CHINA EnerSave chief executive Koo Ah Seang bought 91,000 shares in the company on Friday at 14.5 cents apiece. This raised his direct and deemed stake to 5.75 per cent from 5.71 per cent. The Sesdaq-listed company's shares dipped half a cent to 14.5 cents
        51 words
      • 52 6 ASPIAL Corporation chief executive Koh Wee Seng bought 200,000 shares in the jewellery company on Friday at 30 cents apiece. The open-mar-ket purchase raised his direct interest from 4.36 per cent to 4.56 per cent. Aspial shares closed half a cent down to 31.5
        52 words
      • 68 6 LAFE Technology chairman and chief executive Christopher Ho Wing-On's deemed stake in the company rose to 63.24 per from 63.18 per cent after The Grande Group bought on the open market a total of 571,000 shares 160,000 shares at 17.5 cents apiece on Friday and
        68 words
      • 58 6  -  Compiled by TAILA KRISHNAKUMAR ACHIEVA executive chairman and chief executive Henry Lim Yong Choon bought 1.2 million shares in the company yesterday at about 14.7 cents apiece. The open-market transaction raised his direct stake from 21.47 per cent to 21.71 per cent. Achieva's shares
        58 words
    • Article, Illustration
      410 6 OTHER SINGAPORE INDICES Aug 16 VALUE CLOSE BTttMPS -640.00 -282.00 ■rem -*****.00 -193.00 BTlOHteyMA -*****.00 -64.00 jUHCEquW- 488.51 +0.71 SSE«aM-Ehct 151.90 -0.63 scEq»wt»n» 1547.21 +5.71 SO EqcW—Prop 434.86 +0.39 smsa 226.46 +1.02 SMMSCI Futures 226.10 +1.50 Stock* Votoiw KlVentures 10c 23,687,000 Bio-Treat HK40c 23,272,000 SingTel 15c 22,854,000 BIL Intl US20c
      410 words

  • SMALL caps
    • 892 7  -  Its CEO tells JESSICA CHEAM about their vision of becoming an important player in the Asian region JESSICA CHEAM HE WAS once a founding director of multibillion dollar company, Nat Steel Electronics (NEL). But instead of choosing to rest on his
      892 words
    • 431 7  -  By Toh Hooi Ling TOE disparity in the performance of blue chips and small-cap stocks widened significantly this week. The UOB Sesdaq Index plunged a sharp 6.8 per cent in the five sessions to yesterday, versus a more moderate 2.5 per cent decline
      431 words
  • Page 7 Advertisements
    • 96 7 Service one of the many reasons why premier hotels use 002. w\i I m 11 1 8 I L I EL ojJ T t Ww IwJ W%mM l h 1 Trtl -n! V I f I "*5 I I s I II ll A ll I Lmmmi^ 111 I I
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  • Page 8 Advertisements
    • 958 8 Notices In the Matter of The Companies Act, Cap. 50 And In the Matter of H. H. CHIU PTE LTD (In Members' Voluntary Liquidation) At the Extraordinary General Meeting of the abovenamed company duly convened and held at 3 Mount Elizabeth #12-02 Mount Elizabeth Medical Centre, Singapore 2285)0 on 12
      958 words
    • 524 8 In The Matter of The Companies Act, Cap. 50 And In The Matter of CISCO-fRI SECURITY EQUIPMENT (PTE) LTD At the Extraordinary General Meeting of CISCO-FRI SECURITY EQUIPMENT (PTE) LTD duly convened and held at 20 Jalan Afifi Cisco Centre 1 6th Floor Singapore *****9 on 26 July 2004 the
      524 words
    • 26 8 |HHH 2! l 4 Advertise in Wine, Dine Sc Entertain of Hie Business Times and reach out to 100,000 readers daily, Contact Patrick Ang at *****284
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    • 42 8 ~1 MERITUS MANDARIN SINGAPORE 6iSS(HSBA w, Semi-buffet Lunch: IOD 12.00 noon to 2.30 pm orlne Monday to Friday. 7t\ $38+++ per person Revolving Reservations: 6831 6258/88 rZ' meSUS MANDARIN 333 Orchard Road, Singapore *****7. Tol <.717 AAI 1 F»- jJ.K (.7M 7161
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  • SINGAPORE news
    • 593 9  -  Preparation for disasters helps, says ex-NY mayor, citing 9/11 example By Nande Khin RELENTLESS preparation is the key to being a good and effective leader, said the man who led New York City through its darkest period, the 9/11 tragedy in 2001. Rudolph
      LEONARD GOH/ST  -  593 words
    • 326 9  -  By Jessica Cheam HOMEGROWN testing services company Lab One Singapore broke ground yesterday for a $25 million facility at International Business Park in Jurong. To be completed in two phases by May and December next year, the 110,000 sq ft facility will consolidate
      326 words
    • 221 9  -  EYE on the economy By Nande Khin OVERALL retail sales rose 5.5 per cent in June this year from May. Excluding vehicles, the gain was 2.8 per cent. Boosted by the Great Singapore Sale, most retail activities reported higher turnover in June. Retailers of
      221 words
    • 195 9 PRIME Minister Lee Hsien Loong is well suited to lead Singapore, former New York City mayor Rudy Giuliani said yesterday. "I think (PM Lee) has got the background that suggests he knows what to do and how to do it," Mr Giuliani said.
      195 words
    • 299 9  - Reach out to Asia's youth through their mobile phones By Daniel Buenas MOBILE phones may become the "broadcast television" of the next generation, and companies must learn that in the new techsawy youth culture of Asia, creativity will be the key differentiating factor for success in reaching out to younger
      299 words
  • Page 9 Advertisements
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  • FOCUS property
    • 509 10  -  Average annual returns of 6-7% make them attractive: report By Vince Chong SOME shopping mall owners in Singapore must be smiling to themselves, as property funds and major real estate investors look to add such assets to their portfolios. With annual returns averaging 6-7
      Source: Jones Lang LaSalle; FILE PHOTO  -  509 words
    • 423 10  -  A 3-room flat's maintenance fees may total 8% of its value over 50 yrs By Andrea Tan MAINTENANCE fees paid for the upkeep of a threebedroom leasehold suburban apartment over a 50year period will add up to about 8 per cent of its value,
      423 words
  • Article, Illustration
    1069 10 Transaction date:Aug 16 DITERB AMR CROSS RATI y m j :..r< as es a* /aw wks nnt» HHah t» w mi wh n» s$ f* sir wt$ bk h—< uss o» i Australia 0.939 5.932 0581 5390 33.212 66.560 0.795 8JOB 2.723 1.060 42.171 39.942 1231 4.669 0390 24.508
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  • Page 10 Advertisements
    • 334 10 For Sale By Tender Industrial Property |H|;- Bend, Jurong JHHHI Purpose-built single storey with an annex 2 storey detached factory Built-in 110, 601 sq ft Land area 149, 000 sq ft Tenure 30 30 wef March 1981 Sale with vacant possession Closing date of tender: 16 September 2004 at 4pm
      334 words
    • 20 10 Releasing a financial statement f Call 1800 289 8822 or email noticesdsph.com.sg to book your advertisement in our newspapers now.
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  • Page 11 Advertisements
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    • 286 11 Baker MCKenzie.Wong «fc Leow Baker McKenzie Wong Leow is pleased to present two half-day seminars on die impending Competition Act. The seminar aims to share information, and advise, on the draft Bill as well as provide practical guidance to companies who wish to start putting in place procedures to ensure
      286 words
  • REGIONAL news
    • 380 11 KUALA LUMPUR M'si&n stocks slip as news added to jitters about high oil prices Reuters THE stock market here fell nearly one per cent at one stage yesterday on news that an envelope containing suspicious white powder and threats against Americans was
      Reuters; AP  -  380 words
    • 220 11 KUALA LUMPUR AFP UNITED States customs officials will be deployed to a second Malaysian port, Tanjung Pelepas in Johor, to screen US-bound container cargo for terrorism risks, the American embassy said yesterday. The move comes against a background of increased concern over the
      AFP  -  220 words
    • NOTE Book
      • 103 11 [KUALA LUMPUR] General Electric Co—which is seeking to expand into the finance sector in Malaysia —says it won't put a cap on its investment in consumer financing in the country, Malaysian Business Times reported yesterday. The company wants to be free from any limits
        103 words
      • 97 11 [KUALA LUMPUR] Shell Refining Company (Federation Of Malaya) yesterday announced its highest ever quarterly income after tax of RMI7S million (Ss79 million) for the second quarter, exceeding by RMS3 million the previous record of RMI22 million set in the first quarter of this year.
        97 words
      • 62 11 Reuters [JAKARTA] Indonesia's foreign investment approvals fell 33.6 per cent to US$3.3O billion in the first seven months 0f2004 compared to the same period last year, the state investment agency said yesterday. However, agency data showed domestic investment approvals jumped 34 per cent to 18.72
        Reuters  -  62 words
      • 91 11 Bloomberg [KUALA LUMPUR] 101 Corp, Malaysia's largest oilpalm plantation company by sales, said fourth-quarter profit rose 52 per cent after it exported more palm oil and its property unit sold more homes. Earnings rose to RM218.6 million (5598.8 million), or 19.4 sen a share,
        Bloomberg  -  91 words
    • 340 11 KUALA LUMPUR RANHILL Bhd is eyeing Khazanah Nasional's 51.7 per cent stake in UEM Builders Bhd at a price tag of RMI billion (***** million), the Star newspaper reported yesterday, citing sources. If it materialises, the move would create the largest
      340 words
    • 295 11 SHANGHAI AP CHINA has approved a 19kilometre bridge and tunnel link in Shanghai that would be the biggest project of its kind in the world, an official newspaper said yesterday. The route to Chongming island would combine a 10 km suspension bridge
      AP  -  295 words
    • 521 11 Move aimed at turning around falling circulation Reuters [KUALA LUMPUR] Malaysia's broadsheet Englishlanguage newspaper, the New Straits Times, will add a new compact edition from next month in a bid to turn around falling circulation, its group editor-in-chief said yesterday. Following the lead
      Reuters; REUTERS  -  521 words
    • 516 13  -  Study highlights risks of capital outflows, reduced export demand From Anthony Rowley in Tokyo IS Asia headed for another financial and economic crisis, spurred by the global movement towards higher interest rates? This may appear to be an exaggerated interpretation of the
      AFP  -  516 words
    • 128 13 BEIJING AFP EXECUTIVES in China's state-owned and controlled enterprises (SOEs) are now required to make public their annual income, the latest attempt by the government to fight rampant corruption in the sector, the government said yesterday. The country's top state assets watchdog,
      AFP  -  128 words
    • 439 13 MORE JOBS Reuters [HONG KONG] Hong Kong is expected to report on Thursday that its unemployment rate slipped to 6.8 per cent in the three months ended July this year, as the territory's rebounding economy helped create jobs in vibrant tourism
      Reuters  -  439 words
    • 271 13 HONG KONG Rising farm incomes also deter people from migrating CHINA'S explosive economic growth is leading to shortages of migrant labour among the country's 1.3 billion people, Financial Times reported yesterday, citing warnings by economists and government officials. The shortages, confined
      271 words

  • EDITORIAL & opinion
    • 713 12  -  THE bottom line OPINION paul samuelson Tribune Media Services International PEOPLE abroad go whole hours not thinking about US economic growth. Tacticians in the Bush White House right now, by contrast brood about not much else. The suspense is immense. Weakness in
      Tribune Media Services International  -  713 words
    • 92 12 'Gambling of this type is very rare here although it was very popular in the old days, so we were very surprised when we first heard about it.' -Angns Yeong Fu-yin a Hong Kong police inspector, on a betting syndicate that offered bets on battles between huge
      92 words
    • 570 12 EDITORIAL WHEN an industry deregulates, its members react in a variety of ways to counter the threat of competition. Most seek to separate themselves from their peers by offering new and different products. Many will step up their efforts to increase market share through aggressive advertising. Some even
      570 words
    • 1174 12  -  If the US dollar and US prosperity decline, looking to China to take over as global economic locomotive would be misguided the Asian giant has too many problems of its own By V Anantha Nageswaran RECENTLY, I came across an interview with
      AFP  -  1,174 words
    • 899 12  -  COMMENTARY Rather than fixing the economy, the government has a pet mega-project By William Pesek Jr Bloomberg [SEOUL] Anyone wondering about South Korea's economic health need only look at the central bank's surprise interest rate cut last week. It came at time when its
      Bloomberg  -  899 words

  • 1595 13 BICOM fU'I'UHES Auali RU88ER Future* (dosing pricti) RSS1(Sctrti/kfl) Close Volume Open Month Wqli Low Sett (townes) Interest Sep 04 215.75 Oct 04 214.50 No* 04 214.50 Dec 04 214.50 Jan/Mar 05 214.50 Apr/Jan 05 217.00 RSS3(UScMts/k«) Villi Open Month Hlgti Low Sott (toMios) Merest Sep 04 123.00 «0 Oct
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  • 4565 14 Transaction date: Aug 16 HONGKONG Vol HK Exchanges Clearing..15.40 -0.20 3586 HKS 000 HKRInfl 2 53 -0.03 1637 Hong Kong Electric 33.60 unch 1984 Aeon Credit 4.95 unch 0 Hongkong Chinese 0.93 unch 50 Aeon Stores .6.75 unch 62 Hopewell Holdings 16.40 -0.15 394 Alpha General 0.30 0.01
    4,565 words
  • 2312 14 Transaction date:Aug 16 KUALA LUMPUR GtobetronicsTech .0.44 0.01 1240 ruala burarun GlomacBhd 231 01 2 RM *1- COOO) Gold Bridge Engrg 0.34 -0.01 183 Golden Frontier 0.72 -0.01 13 ASM Realty 1.21 -0.02 1 Golden Hope Plant .3.28 unch 52 Abric 052 -0.04 77 Gokien Pharos 0.46 unch 0
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  • 851 14 Transaction date: Aug 16 si»cfc—— m am a—«| w <n» o—• AMgraan SOc 030 1.010 -0.020 NOL 2.1? 2*0 WUntt US20c 0.43 0J65 -0.040 OCK 10.69 ***** +0.100 1.04 1*0 Parkway H2Sc 0.62 1-250 *0.060 Chart SamKond 26c 083 1020 -0.040 tacptasfood HOOc 036 1.130 Oty Oav 50c 2.01
    851 words
  • 812 14 BONDS WARRANTS Prom Expiry Tol last Vol Com Exor Dbc Goor- Mths Co4» Ciwpioy Salo ♦Of- Ctm MWo Pita I- UW ABN f*****3S ADBnl 845H*****SS 3779 ASL Marine HMm WQ***** 14 1 53 44 3.32 44 3697 Acma Ltd W041T16 AS 1 50 742 12 00 3 3602 Amtek W*****0
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  • WORLD news
    • 529 15 SEATTLE Google expects US$108 to US$135 a share, compared with analysts' forecast of US$70 to US$115 Reuters FRIDAY the 13th was decision day for investors weighing whether to bid for shares in Google Inc's initial public offering. The big question now is,
      Reuters  -  529 words
    • 363 16 FRANKFURT Weak US economy may discourage users from replacing old models: Gartner Reuters GLOBAL shipments of personal computers may not rise as fast as expected this year if US economic growth slows, discouraging firms and consumers from replacing old models, market re- search group
      Reuters  -  363 words
    • WORLD Watch
      • 100 16 Reuters [PARIS] Four private equity firms have agreed to acquire Bermuda-based Intelsat, the world's second-largest satellite operator, for an enterprise value of about US$5 billion, people close to the deal said yesterday. Intelsat, which carries voice, video and data traffic, became the third satellite company
        Reuters  -  100 words
      • 85 16 AFP [MUNICH] Munich Re, the world's biggest reinsurer, estimated yesterday that damage from Hurricane Charley will burden the reinsurance industry by up to US$l4 billion. The hurricane hit Florida last week, killing at least 16 people and leaving thousands homeless. A Munich Re spokesman said
        AFP  -  85 words
      • 76 16 Bloomberg [SYDNEY] Telstra Corp, Australia's largest phone company, may be fined and taken to court to stop it stifling competition in high-speed Internet services, said Graeme Samuel, chairman of Australia's competition regulator. Mr Samuel threatened Telstra with fines in March after it cut the
        Bloomberg  -  76 words
    • 498 16 TOKYO Reuters JAPAN'S UFJ Holdings Inc will choose either Britain's HSBC Holdings or Japan's Shinsei Bank to take over its consumer finance unit, sources said yesterday, with the winner gaining entry into one of Japan's most lucrative businesses. A takeover of Aplus Co,
      Reuters; REUTERS  -  498 words
    • 729 16 NEWS analysis WASHINGTON AP GOING against conventional wisdom, the Federal Reserve is raising interest rates in an election year. And it is Fed chairman Alan Greenspan, a Republican, who is leading the charge even though an incumbent Republican in the
      AP  -  729 words
  • 6655 15 Transaction date: Aug 16 52-Wk T«l Last Vol Day Last Quota GrtMv Mv GrVM IM MCaa HM> Law Coda Company Sala TOOO) High Loo »Myar Sa8ar Cw P« Ml 25,5 6 5716 1st Software 5c C -0.5 1786 6 6 5.5 6 233 34.5 22 3148 8TelecomUS2c 22.5
    6,655 words
  • 70 15 S24R Ttf Lact Vol Day Lad Que*! GrDfc Uv GrVM MM MCap HI# law Coda twin Sato W- COOO) HI# tew hy Se>ar Cw W >■■ 2060 2000 6065 Diamonds US2060cd 2120 6095 IS DJ US Tech US3740 6097 IS MSG Spor* US555 6101 ISS4P500 US8270 ********** 6170
    70 words
  • 1928 15 S24* Id Last Vol Day Utt Quota GrOrv Mv GrVW NM MCap H>0i I— Coda Company Sale W- ("BOOt W# Low lino Cw WE 26 125 MOO ABRHldgsSc 13 5 unch SO 13.5 13.5 13 16 2 72 5 20.5 1502 ASTllOc 44 unch 631 44.5 43 43
    1,928 words
  • 352 15 52-Wk Td 1st Vol Day Last Quota GrOtv W* GfYld NM MCap law Code CoWMHy Sale W- roco) HHfc L—r tmwr Sdhf Cvr W M 228 150 6000 AVJennings A2Sc A173 -2 8 174 173 173 174 44 10.6 6.4 5.4 372-3 6001 Cathay Pac20c HK720 2.1 7.4
    352 words
  • Page 15 Miscellaneous
    • 234 15 CRYPTIC CROSSWORD very (9) 29 Light shows Queen bearing on student worker (7) lie relations (5) 28 Let out when prison term is 30 In France you put ride off for 7 One moved by danger (7) up (4) depravity! (9) 8 YESTERDAY S SOLUTION 31 Style of design company
      234 words

  • Page 16 Advertisements
    • 113 16 mm 7 Sep. 1030 1800hrs a 8-9 Sep. 1000 1800hrs —10 Sep. 1000 1600hrs ptatfonii to smirce fvcost nffnrfhin MfimtillmiH V apffeilwe aiternawes! r th WINH featunnq speakers such as: y K Refer other Engineers/Buyers to pre-register ■B Or Meyya Meyyappan, mmmlH GiobaiTßONics 2004. and you Director, Center for wiH
      113 words
    • 219 16 is proud to present the following events: FUNDAMENTALS OF PETROLEUM HOSPITALOG ASIA 2004 ECONOMICS AND RISK ANALYSIS 13 15th Oct 2004 25 27th Aug 2004 Grand Hyatt Hotel, Singapore Orchard Hotel, Singapore MEETING THE LOGISTICS SCM IMPACT ON FINANCE CHALLENGES OF 23 24th Aug 2004 THE HEALTHCARE SECTOR Shangri-La Makati,
      219 words

  • SHIPPING TIMES
    • 311 17 Bloomberg OIL tanker bookings are set to accelerate this week in the Persian Gulf as oil companies and traders get confirmation for September loading dates. Shipbrokers disagree whether freight rates will climb as well. Three very large crude carriers were signed up over the weekend, shipbrokers such as
      Bloomberg  -  311 words
    • 281 17 SGX '000 Aug It SS W- Vol CH Offshore 036 -0.02 1377 ChoanHup 0.53 unch 1027 Cosco Investment ...._.0.77 -0.0« 6316 CWT Distribution...—0.47 -0.01 36 Ezra Hldgs 0 93 001 20 Freight Lmks .0.10 unch 160 Grand Banks Yacht.....0.79 -0.02 132 Jaya Holdings 0.89 0.01 3749 K1 Venture—
      281 words
    • 511 17  -  Greenfield project to build container terminal, multi-purpose berths By Donald Urquhart [SINGAPORE] P&O Ports looks set to add another port to its Indian network after securing the rights to become an investor in Bengal Port Ltd (BPL), which will develop a container and
      511 words
    • 270 17 Bloomberg [SINGAPORE] Oil companies and traders may pay more to hire supertankers if Venezuelan oil exports are disrupted in the aftermath of a vote that could remove President Hugo Chavez from office, New York-based shipbroker Poten Partners said. The US, which relies on Venezuela for
      Bloomberg  -  270 words
    • 371 17  -  Fincantieri has won contracts to build high tech aircraft carriers By George Joseph [SINGAPORE] Italian shipbuilder Fincantieri marked its strength in naval buildings when it launched an aircraft carrier for the Italian Navy and announced contracts to be involved in constructing a new type of
      PUBLIFOTO GENOVA  -  371 words
    • 112 17 AP [SYDNEY] Twelve people were hospitalised yesterday after a New Zealand navy ship's lifeboat plunged 10 metres into the water at a Sydney dock, the ship's commanding officer said. The accident happened during a drill on the HMNZS Endeavour, which was berthed at the Garden
      AP  -  112 words
    • 458 17 Demand for cargo, vessels increasing Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, said its first-half profit rose 20 per cent from a year earlier because of increasing orders for cargo and container vessels. Net income rose to 191.6 billion won
      Bloomberg  -  458 words
    • 654 18 FIGHTING terrorism A week-long training operation involving 8 nations shows how seriously it regards terrorist threats AP [ABOARD THE USS CROMMELINJ THE US Coast Guard boarded the ship in the choppy Caribbean waters and began counting crew members, but the numbers did not
      AP; AP PHOTOS  -  654 words
    • 108 18 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
      108 words
    • 6731 21 THEBUSINESSTIMES EXPORT fta#ll ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vn«< Voyage Telephone SIN Deit'n Name Heme Number Number SIN Dest'n Name Name Number Numb f *v-. U #*****881' HMNNNMNI X 81 > To BANDAR ABBAS (BNO) 2036 Inn To ABIDJAN (ABJ) 2003 Cote 30/08 n/09
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    • SHIPS IN PORT
      • 461 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL AMASIS 024E J17/18 A/SIDE 17/08 0100 CAPEBONAVIS 406N J25 A/SIDE 17/08 0400 GREATEXPRESS 1504 J5 A/SIDE 17/08 0600 HMS PREMIUM 07/2004 J4 A/SIDE 17/08 0630 KARTINI 2A J12 A/SIDE 17/08 1500 KHARISMA J JB4802 J2 A/SIDE 17/08 0600 LILIUM
        461 words
      • 1783 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing lln- Berth Name Voy Voy seq berthing Nmbr ACX DAHUA 079S 079S 1 18/*****4-1000 *****004 18:30 T06 ACX HIBISCUS 095N 095N 1 19/*****4-0600 19/*****4 2200 ACX MARIGOLD 017S 017S 1 19/*****4-05:00 19/*****4 1800 ALAMJAYA AJ010 AJ010 1 19/**********
        1,783 words
      • 140 23 An* 17 Indonesia: Independ Day. Aug 20 India: Parsi New Day. An* 30 UK: Summer Bank Hoi. Aug 31 Malaysia: Nat Day. Philippines: Nat Heroes Day. Sepi Canada: Labour Day. Sep 12 Brunei: Ascen of the Prophet. Indonesia: Ascen of the Prophet Sep 27 SKorea: Harvest Day. Sep
        140 words
      • 799 23 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        799 words
      • 543 23 CjrtM MO Ma H7J OJ 105 46 0.04 Aim 12 OmilT M«r IhMm MUJwWh Vitomt Me *ev» C2S 0 0 1 0 0 0 =22 UOA» 964.) 0.3 M.0 0.04 27 0*2 bw 390 Mai 993.0 17 T7J 0.07 56 0.06 M/M-l %>Af %M/» %M/M W
        543 words
    • AIR & LAND transport
      • 242 24 Union members voting on a proposal to strike Bloomberg [LONDON] British Airways, Europe's second-larg-est airline, must increase its pay offer to 11,000 baggage handlers and check-in staff to avoid strikes, said the UK Transport General Workers Union. T&G members are voting on
        Bloomberg  -  242 words
      • 398 24 Declining cash reserves force it to rethink operational strategy Reuters [NEW YORK] The chief executive of Delta Air Lines Inc may add more longerhaul routes, spend more on customer service and amenities and cede some US market share in a bid to help
        Reuters  -  398 words
      • 513 24 Passenger numbers rise 14% to 739,000 as it cats prices Bloomberg [FRANKFURT] Austrian Airlines Group, owner of Austria's largest carrier, said passenger traffic in July rose 28 per cent as the company added long-distance routes. The number of passengers on the
        Bloomberg; FILE PHOTO  -  513 words
      • 210 24 AFP [BUDAPEST] Three Frank-furt-bound flights, two of them from Istanbul, were grounded by bomb alerts at the weekend, it emerged yesterday. Hungarian police told AFP that a bomb hoax had forced a Turkish Airlines flying from Istanbul to Frankfurt to make an emergency
        AFP  -  210 words
      • 254 24 AFP [HONG KONG] Hong Kong's Dragonair passenger and cargo traffic hit record highs in July, the company said yesterday. It flew 412,838 passengers in July, up 6.7 per cent from June as leisure travel during the summer holidays boosted traffic, the company
        AFP; FILE PHOTO  -  254 words
      • 121 24 Xinhua [KUALA LUMPUR] Search and rescue teams have found the wreckage of the Malaysia Air Force (RMAF) helicopter reported missing in Sarawak. Commanding Officer of the army's 20th battalion Lt Col Hamdan Hussein was quoted by Bernama as saying rescuers also airlifted one of the 10 soldiers
        Xinhua  -  121 words
      • LOG Book
        • 71 24 Bloomberg [MANCHESTER] Manchester Airport Group pic, which owns the UK's third-biggest airfield, said its full-year profit surged nine-fold as low-cost airlines including BMlBaby and Hapag-Lloyd Express added flights. The net income was £35.5 million (*****.18 million) for the year ended March 31, compared with £3.9 million
          Bloomberg  -  71 words
        • 106 24 Bloomberg [FRANKFURT] Austrian Airlines Group said financial damage from Friday's strike by pilots and flight attendants amounted to 650,000 euros (551.36 million). The company, which owns the main Austrian Airlines brand as well as Lauda Air and Austrian Arrows, said it had to cancel 19
          Bloomberg  -  106 words
        • 175 24 Bloomberg [TOKYO] Japan Airlines and All Nippon Airways, the country's two largest carriers, said more people travelled abroad in summer this year after the 2003 outbreak of Sars ended in Asia. The number of people who made overseas trips on Japan Airlines rose 28
          Bloomberg  -  175 words
      • 214 24 AFP [HANOI] Vietnam Airlines said yesterday the government had denied it permission to hike ticket prices to compensate for rising fuel costs. Nguyen Chan, spokesman for the state-owned carrier, said Deputy Finance Minister Nguyen Ngoc Tuan on Saturday formally rejected the request made
        AFP  -  214 words
      • 2192 24 CITY FLIGHT ETA FLIGHT LTD LH9T62 0630 $0326 1405 MSB SSHJ a« S025 0430 8*7305 2255 0FS2 2215 LHTT8 1555 U4381 2255 LM9770 2300 U467I 1555 0F5 2255 $0229 2300 S***** 1555 LH779 2305 SM23 M1 u.174 0130 LM»7M *20 ****** 2305 «U37 M50 KL838 2255
        2,192 words
  • Page 17 Advertisements
    • 11 17 petti may I BA must raise routes, services wages: union ■backpage
      11 words
    • 237 17 SINGAPORE/PORT KLANG) TO BOMBAY (INCLUDING JNPT/NSICT) VV TRADES NOTICE TO TRADE RATE RESTORATION Feeder operators in the Singapore/Port Klang to Bombay/Nheva Sheva v.v. trades wish to inform the Trade that the following minimum rates shall apply to all SOC shipments with effect from 18 September 2004: From Singapore/Port Klang To
      237 words

  • Page 18 Advertisements
    • 659 18 r.'imaff": NORTH AMERICA ~~~1 [~1 1 AUSTRALIA/NEW ZEALAND I SUPER SHUTTLE EXPRESS (SSX) ll u LU '.Jg.*;.' VESSa r VOT LGB '"'l' p——f OOQNMGW 02W30 iT/0? io/00 CHUT si_ 5S MW3| M/os 2S/M PtO NHIUOYD ADELAIDE SON OMIT 09/00 11/01 13/01 17/01 22/00 24/00 no NBILOYD HOIITMAN 24W32 11/00 29/00
      659 words
    • 432 18 oX Lines services represented by cMh M an b n .l*.hg»rof |G9| Accredited Shipping Agent*, l 9 ta 5W S.W»Sto^A,»ckto ULY UNE MALE~ (KSSEL VOY ETA ETA ETA A P. KLANG SPORE MAll KotaTegap TGAO73 19/08 29/08 Mold Carrier 749 19/08 23/08 31/08 Kota Teraju TRX)B9 30/08 10/09 Princess Lily
      432 words

  • Page 19 Advertisements
    • 800 19 MOi Combines a imy <rf shippino mwtw to tntun litnily, rafiabls sotvkm owwing mojor ports in Norw America, EurojMi, Jopon/ Aiw, Afnco Ocmmq« Also acnpt hrtnt-Ajhi Cv|NS Ik BUSAN KWANGYANG SHANGHAI YANTUN XIAMEN QMGDAO KUWAN /JAKARTA SURABAYA KAOHSRW6 IAHGKO* LAiM CHAIAN6 tWOHMW PASRI CUBANS POIAN6 PO<T KHAN 6 For Schedules,
      800 words
    • 884 19 GENERAL AGENTS IN SINGAPORE: 16 RAFFLES QUAY #36-01 SALES/BKGS TEL **********3 FAX: *****321/24 COSTAR SHIPPING PTE LTD HONGLEONGBUILDING CXfTWARD (B/L) *****802 *****325/75 ssest sHssa r™ as sss a5a5,,,.., nwHw j, WEEKLY "ADX" SERVICE TO EilT MEDITERRANEAN ON EVERY FRIDAY SINGAPORE TO ISTANAjL®® fflS. DAYS 1. MALAYBIA AGENT (CONTAINER SERVICE) COSUNK
      884 words
    • 711 19 vessel voy sin pkg GOLDEN GATE 429N 70/8 21/8 73/R NEW bYHAMIC MA ~WT M GOLDEN TRADE 406N 2yU 25/8 27/8 Mg IgiA ZML \/fZ IHBTFOM) IQOBN I 31/8 I 1/9 I 3/9 1 I WBODYMMK MA 2/9 4/9 *VSL dhg botti North i West port VESSEL VOY PKG SIN
      711 words

  • Page 20 Advertisements
    • 838 20 UftHf WALLENIUS WILHELMSEN W website: http://www.2wfllobal.iom IK MAO HOW IMA SAY Ml ORF HY( HEW MOO WUM A 1416 3201 MS 6.40 M lIN PORT 09/09 10/09 25/09 26/09 01/10 29/09 03/10 22/09 TAMPA AF4I7 4201bes MM I 31/00 25/09 04/10 11/10 12/10 14/10 14/10 11/10 01/10 TARAGO AF4IO 1320fc«t
      838 words
    • 755 20 XSXWAN HAI LINES V"" Tel: *****588 Fax: *****163 .•4-;.,- V; s INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: ROTTERDAM HAMBURG ANTWERP im w si > CALLING SIN EVERY Saturday /J®* W. v V v HIT For more details, call HOTLINE: 6226 1588 1800-*****00 J ~ii [Tib I I IaSSI CHINA SHIPPING
      755 words
    • 813 20 BSA jl <-> MYANMA n FIVE STAR LINE (Myaaaor Hotionol Line) Loading for Yoiigon vessel vor sin m pen pgu PAGAN J32W SU> HPA-AN MOW SID SU) IN MALAYSIA: ROUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-*****101 PEN: 04-*****02 A™™® ACCEPTINB COiVEMTIOMAt C6O HKG SM HKG SM PGU PU RUC SUNNY
      813 words

  • Page 21 Advertisements
    • 438 21 Vtsstl VOY SIN PKI KARACHI PX» »AB ~PMM WK KHORRAMSHAHR IRAN KORDESTAN PCL 8041 19/08 20/08 27/08 30/08 31/08 08/09 11/09 14/09 MAN SHAHRYAR PCL 8042 23/08 24/08 31/08 03/09 04/09 11/09 14/09 17/09 WAN SATTARI PCL 8043 30/08 31/08 07/09 10/09- 11/09 18/09 21/09 24/09 IRAN KORDESTAN PCL 8044
      438 words
    • 260 21 i RSI k UK CONTINENT SERVICE Loading lor ANTONIS RTM/ATW/BMNAJ K/NAN ARIELLA RDM/ATW/BMN/U K/NAN Loads Singapore, EVW Matayaa. Indonesia MIDDLE-EAST SERVICE Loading for RAVENNA DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDD/ADN/JDH/AQA toads Singapore, E/W. Mataywa, Indonesia USA SERVICE Loadtogfor SAMOS DREAM CAM/NCH7NFK/SAV HANDY ROSELAND CAM/NOL/NFK/SAV toads EJW. Malaysia, Indonesia F.E./S.E.A. SERVICES S pore
      260 words
    • 253 21 vss-fi m an m jam, m sa mi OF 7301 0010? WW »»/0» AUMMTA2 iSfiS IiZM IIZM P6CIANDA 127* 17/01 17/01 tlt HI 4121 UM 1!M hcuwa wniii/S if/oo Mt mum t2il 11M VM— 55! ooitf UZfiS 21/00 «1» n/w pac iaxda uzn M/w 25/ m ■■■■■TffriVßnTiVifriHHHHH mum* rnw vm
      253 words


  • Page 23 Miscellaneous
    • 147 23 —■—4a »e --5^ i i i r* i, ».< K@f 1 ILr grfr V« p fr \~.i>^ —"w X. x dM&L. 'Sp<. aft rv 'V; N. |?v X^ j Ss^ Issued by Meteorological Service Division,NEA LEGEND: K Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or
      147 words