The Business Times, 19 August 2004

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Total Pages: 24
1 24 The Business Times
  • 14 1 MITA (P) 023/03/2004 THE BUSINESS TIMES SINGAPORE THURSDAY, AUGUST 19. 2004 j Internet: http://business-times.asial.com.sg
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  • 799 1  -  Guide reinforces primacy of timely disclosure of material info: SGX By Wong Wei Kong [SINGAPORE] As the pace of mergers and takeovers quickens here, the Singapore Exchange (SGX) yesterday issued a practice note to guide offerors and companies on complying with disclosure obligations
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  • 667 1  -  Strong euro pushes up rankings of European cities By AnnaTeo [SINGAPORE] For the first time in five years, Singapore has dropped out of the list of 25 most expensive cities for expatriates but mostly because European cities have become rather
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  • 756 1  -  By] Loh Hui Yin [SINGAPORE] China Aviation Oil will pay $291.5 million for a 20.6 per cent stake in the Singapore Petroleum Company. This is 39 per cent more than the same number of shares would have cost it six months
    Source: Bloomberg; TAN SUAN ANN/ST  -  756 words
  • 80 1 Dsn 1,890.68 (+10.16) ST INDEX FUTURES IrBSS.OOl r 8SS.OO (unch) ■■SMSCI LJ 228A2 (+1.59) SIMSCI FUTURES 228.80 (+1.90) Wednesday Change KLSE COMP ***** +1.05 NIKKEI 225 10,***** +4819 HANG SENG 1****** -2758 SET INDEX ***** +255 JAKARTA COMP _***** +250 MANILA COMP —*****7 -10.46 TAIPEI WPI 5,427.75 +85.26 SEOULCOMP
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  • 77 1 FOREX RATES US$ 8$ IJS$ (S$ per l.'SS) 1.714 £(i:S$/S$ per 1.827 3.130 ErRO(l'S$/S$/E). 1.232 2.112 YEN 109.9 64.10 KM 3.800 2218 H K$ 7.800 4.552 BAHT 41.50 2422 RI'PIAH 9.278 5.414 RENMINBI 8.277 4.830 INDIAN RUPEE 46 40 27.08 A$ 1.401 0.818 NZS 1.509 0.881 PRIME RATES SINGAPORE
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  • NEXT page
    • 489 2  -  By Anna Teo [SINGAPORE] From cost cutting in the past three years or so, the focus for businesses today has shifted to sales and marketing, to drive growth and market expansion. And asked to identify the greatest constraints on growth, 40
      Source: EIU  -  489 words
    • 648 2  -  Board also likely to exceed its earlier job estimate, says Hng Kiang By Nande Khin [SlNGAPOßE] The Economic Development Board (EDB) is confident of meeting its forecast on fixed asset investment (FAI) commitments this year, Trade and Industry Minister Lim Hng
      HOW HWEE YOUNG/ST  -  648 words
    • 487 2  -  By Jean Chua [SINGAPORE] Rising costs in Shanghai are driving foreign investment into nearby Suzhou in Jiangsu province, which is again the top destination in East China for overseas companies. According to a South China Morning Post report, Suzhou attracted US$4.O5 billion in
      487 words
    • 278 2 It stands by report citing insider trading allegations against brokerage Reuters [LONDON] The Financial Times, facing a £240 million (***** million) libel lawsuit, yesterday vowed to stand by its story that cited allegations against Collins Stewart, even after a UK regulator dropped its
      Reuters  -  278 words
    • 559 2  -  But companies believe more can still be done By Wong Wei Kong [SINGAPORE] Fewer Singapore corporations suffered from fraud in the last two years and fraud committed by management also declined, but companies can still do more to detect and
      559 words
  • Page 2 Advertisements
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  • SINGAPORE companies
    • 836 4  -  HOCK lock siew loh hui yin IS China Aviation Oil over-paying for its 20.6 per cent stake in oil refiner Singapore Petroleum Company (SPC) when it could have paid a lower price last year when talk was rife in the stock market that
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    • 507 4  -  MD Chen Jiulin gets it listed after turning it around By Jean Chua WHEN Chen Jiulin was posted to Singapore as managing director of China Aviation Oil in 1997, his job was to revive a four-year-old unit which had been haemorrhaging and had
      TAN SUAN ANN/ST  -  507 words
    • 296 4  -  By Wong Wei Kong TRANSPORT group SMRT Corp has finally sold out of Today newspaper, after indicating earlier this year that it wanted to exit the loss-making operation. SMRT said yesterday its wholly-owned subsidiary RFP Investments has disposed of its entire 14.56
      296 words
    • 743 4  -  It's Indian group's third major global deal, including US$102m purchase of Daewoo track unit By Taila Krishnakumar TATA Steel's move to purchase Nat Steel shows that Indian companies have Singapore firmly on their radar screens as they scramble to globalise, according to market
      BLOOMBERG; FILE PHOTOS  -  743 words
    • 364 5  -  But analysts find results below expectations and market is unmoved By Tang Weng Fai COMPUTER network integrator Datacraft Asia saw third-quarter profit rise on higher sales in all markets except South Korea, and is promising to turn around operations in China and South Korea.
      FILE PHOTO  -  364 words
    • COMPANY Briefs
      • 98 5 THE Straits Trading Company Ltd (STC) has incorporated a company in Shanghai to operate and provide management services to hotels in China. Shanghai Rendezvous Hotels Management, with a registered capital of US$7OO,OOO and 80 per cent owned by Straits Trading, will take over the management of
        98 words
      • 51 5 SEMBAWANG Kim trans Ltd has formed a joint venture company, Xpress 21 Pte Ltd, with Century Finance Investment Ltd to provide marine logistics services to the Riau Islands and selected parts of Sumatra. Singapore-incorporated Xpress 21 has initial paid-up capital of $300,000,60 per cent from Sembawang
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      • 59 5 SINGAPORE Computer Systems (SCS) has strengthened its market presence in Indonesia following the formal establishment of a joint venture, PT SCS Astragraphia Technologies, with PT Astra Graphia. The latter is a subsidiary of Indonesian-listed PT Astra International, an IT solutions provider. SCS will pay $7.85 million
        59 words
      • 69 5 LION City Run-Off Private Limited (LCR), a wholly owned subsidiary of DBS Group Holdings, has increased its paid-up capital to 6.5 million shares of par value $1 each from two shares of par value $1 each. LCR was incorporated in June this year in connection
        69 words
      • 60 5 YONGNAM Holdings Ltd said the Court of Appeal has dismissed an appeal brought by Yongnam Development Pte Ltd against Somerset Development Pte Ltd. The company said the judgement will not significantly impact its results as it has already written off $12.2 million—being the net book value
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      • 47 5 BOUTIQUE investment advisory firm SBI-E2-Capital Holdings said its special resolution to change its name to Westcomb Financial Group Ltd was unanimously approved at its extraordinary general meeting. Its wholly owned subsidiary, SBI E2-Capital Pte Ltd has changed its name to Westcomb Capital Pte Ltd.
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    • 525 5  -  By Joyce Koh TECH Group Asia (TGA) certainly has good things to look forward to. On top of a strong FY2004 performance, the integrated precision plastic component supplier is positive about more growth years given the strong backing of its US parent company
      525 words
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  • Page 5 Advertisements
    • 22 5 Recruit the one you want for any position you have Call 1800 289 8822 or email reavH@sph.com.sg for your recruitment solutions E*****E3
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  • SINGAPORE markets
    • 665 6  -  Compiled by VEN SREENIVASAN OCBC IhvlScMvSiaJO Capital restructuring will unlock significant value. We are reiterating our BUY recommendation on OCBC as we believe the market has yet to fully appreciate its potential for capital restructuring. It's almost a foregone conclusion that OCBC will manage its capital even more
      665 words
    • 233 6  -  HOT STOCK WARRANT By Ven Sreenivasan THE stock of Thai telecommunications player Total Access Communications (TAC) was one of the volume leaders yesterday amid reports that it was best positioned to gain from an impending liberalisation and restructuring of that country's telecoms
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    • 603 6  -  BT comment STOCKS ven sreenivasan STOCKS traded sidewards again despite a firmer overnight close on Wall Street as sentiment was weighed down by the gloom induced by oil prices hitting new record highs. Blue chips and second liners continued to move in
      603 words
    • 615 6  -  BT comment CURRENCIES Meanwhile euro, Aussie dollar fail upside attempts at US$1.24 and 72 US cents larry wee A BENIGN US inflation number overnight helped to prop up US Treasury bond prices and therefore Wall Street and the US dollar, but the
      615 words
    • TRADES TO WATCH
      • 68 6 Daka Designs execs buy more shares DAKA Designs' executive chairman Pat Mah and chief executive Raymond Chow have each bought 100,000 shares in the company at 12 cents each. The open-market transactions on Tuesday gave Mr Chow and Mr Mah a direct stake each of0.0331 per cent. Both have a
        68 words
      • 76 6 CHINA EnerSave chief executive Koo Ah Seang bought 150,000 shares in the company on Tuesday at 13.5 cents a piece. The open-market purchase raised his direct stake in the company to 5.81 per cent from 5.75 per cent. He also has a deemed stake of
        76 words
      • 76 6 CHOO Chee Kong, the chief executive of SBI E2Capital Holdings, bought another 20,000 shares in the company on the open market yesterday at 40 cents apiece after buying 45,000 shares on Monday at 40.6 cents apiece. This raised his direct stake to 1.77 per
        76 words
      • 72 6 AN independent director of Asiatravel.com Holdings, Ong Nai Pew, on Tuesday saw his deemed stake in the online hotel and travel reservation service provider grow by 150,000 shares at about 35 cents each to about 2.95 million shares or 1.53 per cent from 1.44 per cent.
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      • 80 6 A NON-EXECUTIVE director of HG Metal Manufacturing Limited, Sia Ling Sing, on Tuesday bought 289,000 shares from the open market at 35.5 cents a piece. The purchase raised the director's direct stake in the stockist and manufacturer of steel products to 2.81 per cent, or
        80 words
      • 57 6 KUAN Peng Ching, a non-executive director of Australia-based gaming company Lasseters International Holdings, bought 61,000 shares on the open market on Tuesday at 23.5 cents apiece. His purchase raised his direct stake to 1.1 per cent, or 1.9 million shares, from 1.06 per cent stake. Lasseters
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      • 61 6  -  Compiled by TAILA KRISHNAKUMAR ONG Chu Poh, managing director of Eicon Healthcare Limited, bought 200,000 shares on the open market at 20 cents apiece yesterday. This raised his direct stake to 10.01 per cent from 9.83 per cent. Mr Ong has a deemed stake of
        61 words
    • Article, Illustration
      395 6 OTHER SINGAPORE INDICES Aug 18 VALUE CLOSE BT OB/OS -703.00 -149.00 IT C/UM -*****.00 -11.00 WIOHUBT—A -*****.00 -71.00 AI-SCEjuMw 492.06 +3.16 SGEqaWwEhct 151.93 +1.01 SCEqiritf—Fl« 1562.68 +7.74 S6 Equttfw Prop 442.37 +4.95 SmSa 228.42 +1.59 SMSCtFNtvrM 228.50 +1.90 Cfflraya 2.5c 38.559,000 NOL 20.193.000 TACBtl0 200 18.250,800 Bio-Treat HK40c 14,977,000 8TetecomUS2c
      395 words

  • BLUE chips
    • 983 7  -  The healthcare group has been undergoing a quiet transformation. ANDREA TAN looks at its future prospects ANDREA TAN PARKWAY Holdings' restructuring efforts over the years appear to have paid off. The healthcare operator has survived the Severe Acute Respiratory Syndrome days
      FILE PHOTO; Source: Bloomberg  -  983 words
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    • 139 7 CO-FOUNDERS: ANTHONY THEN SON SOO KHIM ARTISTIC DIRECTOR: ttOH SOO KHIM Singapore Dance Theatre awakening A trip!* (Hit of coat«*por«ry masterpieces w/ f'Aplanade Theatre, B.oopm hj couidholdone^fOhad's dances in your hand, of a polished stone, Musk Director Sabine AKemaaa ■..Agfndcrm tor, aiming not at a minority audience of highbrow cognoscenti,
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  • SINGAPORE companies
    • 589 8  -  US investment firm Asbai seen as banking on a UOB takeover bid By Joyce Koh MAJOR players in Wee Cho Yaw's Haw Par Corporation are beefing up their stakes in what could be a prelude to a major corporate reshuffle in the Wee
      589 words
    • 265 8  -  By Tang Weng Fai STAR Cruises saw a dramatic change of fortune in its second quarter, booking net earnings of US$2.3 million and reversing a near US$29 million after-tax loss a year earlier. The cruise line said Ebitda increased to U5565.3 million in Q2
      FILE PHOTO  -  265 words
    • 390 8  -  Move is part of group's plan to expand in N. Asia By Jean Chua SINCERE Watch will book an exceptional gain for its current financial year after it lists its Hong Kong operations in the territory's stock exchange. "We really can't talk
      390 words
    • 226 8 Bloomberg SINGAPORE investment company Temasek Holdings Pte and Westbridge Capital have purchased stakes in ICICI One Source Ltd, a cus-tomer-contact-centre unit of India's second-largest bank. ICICI One Source, a unit of Mumbai-based ICICI Bank Ltd, signed "definitive agreements" with Temasek and Westbridge, a venture
      Bloomberg  -  226 words
    • 280 8  -  By Genevieve Cua ASIA'S insurance industry was buoyed by a "renaissance in profitability" last year, thanks to improved economic fundamentals and better underwriting discipline. But profits are expected to be lower this year, says Standard Poor's managing director (financial services ratings)
      280 words
  • 4170 8 UNIT TRUSTS FUNDS CM US Aggressive Growth fund 0.76/ ■SiOlBLlSfilEBHHHHi S B Set Gf)Jus Ldre PHI 03(SGD) 1.0706/ S B Sel Gfc Bus LdfS PtR 03(USD) 1.0979/ AtN Amro Aftat Mgt (S port) CWwnd S'pore CtasY 0.991/ Star Europe EJyJ 0.709/ SBSelEqtyl>videndPf04(SGD) 0.959V jig Band 1-286/ S B Sal Eq*
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  • SINGAPORE news
    • 501 9  -  China comes first for business travel, followed by S'pore and Hong Kong, survey finds By Vince Chong SINGAPORE, along with Thailand, are the countries most visited by Asian leisure travellers in the first half 0f2004, said Mastercard International yesterday. And an "efficient
      Source: Mastercard Int'l  -  501 words
    • 264 9  -  EYE on the economy By Samuel Ee COE premiums fell across the board yesterday, although the maximum drop was contained at just under $900. Category A for cars under 1,600 cc was the first to see bidding action, as other categories stayed at $1.
      264 words
    • 266 9  -  By Ven Sreenivasan PASSENGER traffic at Changi Airport in July soared to its highest level since December 2003, with some 2.68 million travellers using the hub. This was a 26.3 per cent increase from 2.12 million travellers in July 2003 and an 8.1 per
      266 words
    • 358 9  -  JTC, EDB unveil scheme to boost innovation hub goal By Jessica Cheam INNOVATORS have a new test-bed to play with. In a bid to fuel greater innovation in Singapore, JTC Corporation and the Economic Development Board yesterday launched a new programme through which innovators can
      358 words
    • 259 9  -  Visit is part of annual exchanges to strengthen ties By Nando Khin AN official delegation from Brunei arrives today to meet Singapore leaders. Pehin Dato Haji Isa Ibrahim, Special Adviser to the Sultan of Brunei and Minister of Home Affairs, will lead
      259 words
    • 262 9  -  By Raju Chellam EUROPEAN chip equipment maker ASM International will spend $50 million over the next two years setting up a wafer processing equipment plant at Yishun its first outside Europe. This means the local chip-making scene is going to get brighter,
      262 words
    • 522 9  -  $3m investment planned for more educational centres From Chen Huifen in Ho Chi Minh City BARELY a few months after the completion of its new school building in Vietnam, Singapore's PSB Corp is already planning to invest another $3 million to set up more
      522 words
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    • 27 9 MERITUS MANDARIN SINGAPORE CHINESE CULINARY CLASSICS Reservations: ffijfyv *****262/66 Ei CHINESE RESTAURANT MERITUS MANDARIN 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.
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  • EXECUTIVE suite
    • 496 10  -  It will continue to eye mass-housing consultancy and development market abroad By Chen Huifen in Hanoi JUST over a year after it was corporatised, HDB Corp has revealed ambitions to boost its overseas earnings to 25 per cent of total revenue within
      496 words
    • 281 10  -  By Vince Chong GIC Real Estate (GIC RE) has for the first time bought into the tightly-held South Korean retail property market, with a 128 billion won (SslB9 million) sale-and-leaseback deal of two shopping malls in Seoul. This brings GIC RE's total assets in
      281 words
    • 367 10  -  By Kalpana Rashiwala A DEARTH of 99-year leasehold project launches by developers forced a bigger proportion of leasehold condo and apartment buyers to turn to the secondary market in the first two quarters of this year. The secondary market accounted for 58
      Source: SISV ReaLink, DTZ Research  -  367 words
  • Page 10 Advertisements
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  • 1587 10 SICOM FUTURES Any is WSiflt Futures (Clos&n prices) RSS1 (S cents/kg) Close Volwi Opto Mont* Htgft Law Sett (tonnes) Interest Sep 04 215.25 Oct 04 214.50 Nov 04 ***** Dec 04 214.50 Ja«/Mar05 214.50 Apr/Jon 05 217.00 RSS3<UScwtsA|) Votem Opto Mont* Mfit low Sott (toooes) Interest Sop 04 122L50
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  • REGIONAL news
    • 449 11 KUALA LUMPUR Prosecutors pursue money trail in alleged embezzlement HONG Kong bankers will provide evidence to help prosecutors follow the money trail in the trial of the former head of Malaysia's national steel company who allegedly embezzled US$2O million,
      AFP  -  449 words
    • NOTE Book
      • 116 11 Reuters (KUALA LUMPUR] Strong sales both at home and abroad saw Malaysian manufacturers sell 22.1 per cent more goods in June than they did a year earlier, a rise analysts said reinforced a robust growth outlook for the second half. However they also
        Reuters  -  116 words
      • 101 11 AFP [JAKARTA] Having failed in his bid to become Indonesia's next leader, former armed forces chtaf Wiranto has now set his sights on buildings Hawaii-like resort at a secluded surf spot, one of hie aides said yesterday. Gen Wiranto is to jointly head up a new
        AFP  -  101 words
      • 104 11 Bloomberg [SEOUL] Hynix Semiconductor, the world's second-largest computer memory chipmaker, said it signed an agreement with Chinese government officials to build two chip plants in the eastern city of Wuxi for US$2 billion. The agreement involves building a factory capable of making chips out
        Bloomberg  -  104 words
      • 95 11 AFP [JAKARTA] Indonesia is to scrap a hefty exit tax levied on residents who travel overseas, a report said yesterday. Indonesia imposes a one million rupiah (SslBs) tax, known locally as flskal, on every foreign or Indonesian resident who flies out of the country. "Later
        AFP  -  95 words
      • 77 11 Reuters [BEIJING] China will open its bookstore and distribution businesses completely to foreigners by the year-end, a senior official said yesterday, in an endorsement of overseas capital in the tightly controlled sector. But foreign investment in publishing and other core content sectors will not be
        Reuters  -  77 words
      • 74 11 Reuters [MUMBATJ Electronic Data Systems Corp, the world's second-largest software services firm, plans to more than double its Indian staff to 5,000 by the end 0f2005 to meet demand from new contracts it hopes to land, a top official said on Tuesday. Texas-based EDS, which
        Reuters  -  74 words
    • 299 11  -  They close 6.6% below institutional sale price of RM1.81 From Eddie Toh 4m Kmtfa Lumpur THE Petronas Twin Towers fta the Malaysian capital fltand tall but its parent company's shares failed to soar on their debut yesterday. The share price of
      299 words
    • 287 11 JAKARTA He says firm won't pay US$261m claim, alleging corruption AFP THE new head of Indonesia's state oil firm Pertamina said yesterday he would defy an order to compensate an internationally-backed energy firm, alleging corruption in the power project that caused the dispute.
      AFP  -  287 words
    • 293 11 BEIJING They are accused of siphoning HK$30m for their own use AFP CHINESE police have arrested three top Bank of China (BOC) executives in connection with the misappropriation of millions of dollars of funds, state press reported yesterday. In a widening
      AFP  -  293 words
    • 307 11 SHANGHAI Reuters CHINA will dangle the carrot and wave the stick as it revamps an ailing brokerage sector, speeding up approvals for favoured firms while stepping up scrutiny over others, state media yesterday cited a top regulator as saying. Quality houses would
      Reuters  -  307 words
    • 460 11 KUALA LUMPUR MALAYSIAN motorists may see a reduction in the excise duties on certain car models should the government accept an industry proposal for a comprehensive overhaul of the duty structure, The Star reported yesterday citing sources. This is among many proposals put
      AFP FILE PHOTO  -  460 words

  • EDITORIAL & opinion
    • 788 12  -  THE bottom line OPINION robert samuelson SOMEDAY soon, I may be the last man in America without a cellphone. To those who see cellphones as progress, I say: they aggravate noise pollution and threaten our solitude. The central idea of cellphones is that you should
      788 words
    • 41 12 'Venezuela has changed. The people are not ignorant like the opposition thinks. We are no longer blind. We will not longer be fooled.' -Gnadeth Pena, a poor Venezuelan voter, after President Hugo Chavez handily defeated the recall vote
      41 words
    • 649 12 EDITORIAL AT a time when investor interest in Indonesia is on the rise, the government's 2005 draft Budget this week cannot but be viewed as something of a wet blanket By adopting unrealistic macro-economic targets, President Megawati Sukarnoputri may have passed up a golden opportunity to lift
      649 words
    • 840 12  -  Everything seems to hinge on GDP figures but economists' collective vision often seems to be very murky By Daniel Gross NYT THE gross domestic product the broad measure of output is the ultimate headline number for an economy. Everything from presidential election strategies to marketing plans
      NYT; REUTERS  -  840 words
    • 874 12  -  COMMENTARY By Willim Pesek YOU would think Taipei financial consultant Lin Hsie-ching would have an easy time persuading investors to buy local stocks. Growth is poised to accelerate, exports are booming and Taiwan's dollar is strengthening. Think again. "The environment for stocks is
      874 words

  • REGION world
    • 610 13 NEW YORK Still, market remains nervous over supply disruptions in Iraq Reuters, AFP NYMEX crude oil futures eased from early record highs yesterday on profittaking following release of US government supply data showing US crude stocks shrank last week in line
      Reuters,; AFP; REUTERS  -  610 words
    • 311 13 NEW YORK Reuters BANK of America Corp plans to lay off hundreds of tellers and other employees at Fleet bank branches, and ask them to leave immediately, the Boston Globe said yesterday, citing documents it obtained and Fleet branch managers. One Fleet
      Reuters  -  311 words
    • 650 13 Reuters, Bloomberg [NEW YORK] Google Inc, the world's most popular Web search engine, yesterday slashed the price of its share offering, as what had been touted as the hottest dotcom listing in years fell prey to worry about a slump in demand. Google reduced the
      Reuters,; Bloomberg; AP FILE PHOTO  -  650 words
    • 333 13 MANILA No news on economic team, which has to cut huge Budget deficit Reuters PHILIPPINE President Gloria Macapagal Arroyo shuffled her cabinet for the first time since winning elections in May, choosing a close aide as foreign minister and putting a lawyer in charge of the
      Reuters  -  333 words
    • 363 13  -  Staff quality, company reputation come before price in deals done By Jessica Cheam THE importance of the human element in business cannot be underrated. A new survey released yesterday revealed that quality of staff and company reputation are the top reasons businesses are
      363 words
    • 423 13 HONG KONG Cisco, Wal-Mart suffer cuts; 4 new companies added Bloomberg EBAY Inc and Yahoo! Inc will have their representations increased in Morgan Stanley Capital International Inc's indexes of global stocks. On the other hand, Cisco Systems Inc and Wal-Mart Stores Inc will
      Bloomberg  -  423 words
    • WORLD Watch
      • 70 13 AFP [VEVEY] Swiss food group Nestle reported yesterday that first-half net profit rose 2.1 per cent to 2.84 billion Swiss francs (553.9 billion) from a year ago, below market expectations, but predicted improvement in the second half. Analysts had forecast around 2.96 billion
        AFP  -  70 words
      • 77 13 AFP [SYDNEY] Global mining giant BHP Billiton posted the biggest net profit in Australian corporate history yesterday as soaring commodity prices and strong demand from China pushed net profit up 83 per cent to US$3.5l billion. The world's biggest diversified miner said the result for
        AFP  -  77 words
      • 71 13 AP [SEOUL] The number of suicides driven by economic hardship in South Korea rose last year to its highest level since the 1997-98 Asian financial crisis, a media report said yesterday. There were 731 suicides motivated by poverty or business failure —the highest since
        AP  -  71 words
      • 94 13 AFP [BRUSSELS] Inflation in the 12-nation eurozone fell slightly In July to 2.3 per cent on a 12-month basis from 2.4 per cent in June, the EU's statistical office Eurostat said yesterday. In the whole 25-member European Union, Inflation also fell to 2.3 per cent
        AFP  -  94 words
    • 4417 14 Transaction date: Aug 18 HONGKONG Vol HK Exchanges* Clearing 15.50 -020 4810 HKS '000 HKRInfl 2.55 unch 635 Hong Kong Electric 33.60 0.10 701 Aeon Credit 4.90 -0.03 0 Hongkong Chinese .0.92 -0.01 200 Aeon Stores .6.85 unch 12 Hopewell Holdings 16.60 -0.20 1858 Alpha General .0.29 -0.02
      4,417 words
    • 2270 14 Transaction date:Aug 18 KITAT.A LUMPUR GlobetronksTech 0.43 undi 231 RUAliflliUrarUR Vo) QlomacBhd .2.29 -0.01 400 Ml I. coooi Gold Bridge Engrg 0.34 unch 72 Golden Frontier 3.72 undi 0 A M Realty 1.25 0.04 14 Golden Hope Plant 330 -0 02 283 Abric. .0.50 -0.01 41 Golden Pharos 0
      2,270 words
    • 840 14 Transaction date: Aug 18 W Om a~m\ m*rnmm m Om CNy AHgreen 50c 029 1.000 -0.010 NOL 2.13 2JJ0 -0.010 ML Irati US20c 0.44 0.900 *0.040 OCBC 10.61 13J00 *0.100 CapitaLand 1.05 1.480 *0.020 Pai*weyH25c 0*3 1290 *0.030 Ovart Senn*Cand 26c 083 1030 People's Food HKSOc 034 1.080 -0060
      840 words
    • 912 14 BONDS WARRANTS Tal Lad Vol Com Eur Dk Ca*» Ciwpwy +«r- C68» Batta Pita 1m§ Uft ABNf*****3S AD6n1845%*****5S 3779 ASL Marine Hldgs W*****1 14 1 53 40 343 44 3697 AcmaLtdW04lTlS j0.5 1 50 818 11.00 3 3602 AmtekW0506l0 77 -1 4 1 33 -1 1.44 10 3795 AutronW*****3 12.5
      912 words
  • Page 13 Advertisements
    • 482 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50. AND IN THE MATTER OF CHROMA SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At on Extraordinary General Meeting of the members of Chroma Singapore Pte Lid, duly convened and held at 122 Middle Road #0&03 Midlink Plaza Singapore *****3 on Monday
      482 words


  • WORLD news
    • 507 15 LONDON Top executives in financial services are courted with fat pay packages AFTER years in the doldrums, top executives can look forward to the return of headhunters prowling the city offering eye-pop-ping salaries and "golden hellos" to anyone prepared to jump
      507 words
  • 6762 15 Transaction date: Aug 18 52-Wk Td Last Vol Day Last Quote GrOfcr H* GrYU Nat MCap Wall Law Cod* Comwiy Sale (HBB> HW> law *yr s*> Cw Wt 25.5 5 5 5716 1 stSoftware5c 5.5 -0.5 1062 6 5.5 5.5 6 21 8 345 22 3148 STetecom US2c
    6,762 words
  • 65 15 H-Wk Td UH Vol Day Last Quote GfMr Otv GrVM Nat MCap Mo W- fW m> U» —»ar S«fcr Cvr Wt SaJI 2060 2000 6065 Diamonds US2060cd 2120 6095 IS DJ US Tath US3740 6097 BMSOSporc US555 6101 ISSAP500 US8270 ********** 6170 SPDRS US***** 1955 1601 6235 ST1ETM00
    65 words
  • 1869 15 52-Wk Td last Vol Day laMQwte GfOiv GftM Nat MCaa I— Cede Cl—1y Mt W- Cm Um Bayer Sdhf Cw K M X 125 5000 ABRHIdgs5c 13.5 13 14 26 725 205 1 502 ASTMOc™ 435 *1 104 435 425 43 435 183 1313 445 165 1501 AdvSyslOc
    1,869 words
  • 308 15 ■jj-fc w LHt Vol Day UDQwtt GfOfcf Oiv GfYWJ Nat MCan WU.Crt. C—■« S* W- PUB U»>wr5*r *_CVr Wl 228 1 50 6000 AVJenmngs A2St A175 +1 4 ITS 175 175 176 44 10.6 6.3 5.5 3766 6001 Cathay Pac20c HK720 ?S5 II I inNfis COIB Cheung KongSOc
    308 words
  • Page 15 Miscellaneous
    • 209 15 CRYPTIC CROSSWORD 28 Spice Girl Hazel perhaps initially (6) that is stereoscopic (9) 24 In excavation, find nothing 29 Flattery from a grown-up go- 8 Preserve indeed found in of the plant (6) ing round I take on (9) lake in Wales, it's a spicy YESTERDAY'S SOLUTION DOWN A Across:
      209 words

  • BizIT
    • 672 16  -  In Singapore and around Asia, the convergence push is coming from wireless devices, with SMEs driving much of this, says Raju Chellam Raju Chellam AS communications networks converge, business opportunities diverge. The convergence is around IP (Internet Protocol) and the divergence is about
      AFP  -  672 words
    • Article, Illustration
      1081 16 Transaction date: Aug 18 [MTERBAUK CROSS RATES AS CS gmto Euro HKS Ind Rs fcglah Yen Won Ml H2$ Pafcfa Pew SS Hand Sfr WT$ 8*t Pomd USS Australia 0.932 5.908 0X79 5.568 33.119 66.227 0.785 1265 2.713 1077 41.992 39.804 1223 4.645 0.889 ***** 29.621 0.391 0.7V4 Canada
      1,081 words
    • 318 16  -  By Raju Chellam CONVERGENCE, as defined by the Economist Intelligence Unit (EIU), happens when two streams of data one in real-time and the other not merge. Re-al-time data includes voice, video, music, and instant messaging; non-real-time includes e-mail, data files, and still pictures. They converge into a single
      318 words
    • 605 16  -  BT exclusive Gartner says it may encourage pirates' sales of fall version of Windows XP By Amit Roy Choudhury MICROSOFT told BizlT yesterday it was confident that first-time computer users would find its Windows XP Starter Edition (XPSE) easy to use and understand. It was reacting
      605 words
    • 160 16 Bloomberg [SEOUL] Hynix Semiconductor Inc, the world's sec-ond-largest computer memory chipmaker, said it signed an agreement with Chinese government officials to build two chip plants in the eastern city of Wuxi for US$2 billion. It involves building a factory to make chips out of
      Bloomberg  -  160 words
    • 239 16 Reuters [TOKYO] IT may someday be a teenager's nightmare but a worried parent's dream. Japan's Seiko Epson yesterday unveiled a tiny flying robot that may one day allow parents to monitor their children's every move while sitting at home. Resembling a small helicopter, Seiko Epson said
      Reuters; REUTERS  -  239 words

  • SHIPPING TIMES
    • 283 17 Bloomberg OIL tankers sold for scrap at ship breaking yards fell 40 per cent during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson, Spence Young said. About 60 oil tankers totalling 5.5 million deadweight tons
      Bloomberg  -  283 words
    • 287 17 SGX '000 AiigU SS +J- Vol CH Offshore 0J6 0.01 1220 Chuan Hup 0.53 0.01 824 Cosco Investment .0.79 0.01 6591 CWT Distribution 0.49 unch 0 Ezra Hldgs 0.93 unch 0 Freight Links .....0.09 unch 331 Grand Banks Yacht.....0.79 unch 20 Jaya Holdings ......0.91 -0.02 1713 K1 Venture
      287 words
    • 709 17  -  Transpacific liner group expects growth of up to 12% this year By Donald Urquhart [SINGAPORE] Forecasting a 10-12 per cent growth on the transpacific container trade this year, the trade's 14 key members are optimistic that cargo demand will continue to outpace
      AP  -  709 words
    • 286 17 Insurer cites incidence of stowaways, piracy [LONDON] The success or failure of the ISPS Code can be measured by two key indicators the incidence of stowaways and piracy/armed robbery, accord- ing to the US-based marine mutual liability insurer American Club. So far,
      286 words
    • 238 17 AFP [KUWAIT CITY] The stateowned Kuwait Oil Tanker Co (KOTC) has signed a contract with South Korea's Hyundai Heavy Industries Co for three more vessels following four tankers ordered last week. The new deal to build three crude tankers is worth US$lB2 million.
      AFP  -  238 words
    • 172 17 Reuters [JERUSALEM] Israel's largest shipping firm Zim Integrated Shipping Services Ltd said yesterday it posted a sharply higher net profit in the second quarter, boosted by one-time charges related to the sale of two ships. Zim, formerly a govern-ment-controlled company but now 98 per cent owned
      Reuters  -  172 words
    • MOL interview
      • 1460 18 MOL's future lies in expanding businesses with good growth potential and where it has a competitive edge, says chairman Kunio Suzuki MOL Annual Report Q: MOL has stated that MOL STEP is a blueprint for sustainable growth. How has this thinking been translated into specific
        MOL Annual Report; Source: Mitsui OSK annual report 2004  -  1,460 words
    • 107 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
      107 words
    • 6932 21 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Teiephone ETA ETA Advertiser Vmm» Voyaqe Telephone SIN Dest'n Name Nam* Number Number SIN Desfn Nmw Nam* Number Number 77... Wfc&BSfS SSSSS8W mmm .»"*< 20/09 02/11 WWL TARAGO AF4» *****033 To ABIDJAN (ABJ) 2003 Cot* D'lvoir* 02/10 tVn WWL TEXAS AF4I9
      6,932 words
    • SHIPS IN PORT
      • 527 23 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL GR FESTIVAL 97A J22/23 A/SIDE 19/08 2300 MAKRA 409H J15/16 A/SIDE 19/08 1500 MARCOPOLO 68 03/04J J14 A/SIDE 19/08 0630 SHENGHO 1708 J23 A/SIDE 19/08 1200 WINSTAR 7 18H4W J2 A/SIDE 19/08 0300 BAYSWATER228 E4200 J3 19/08 0900 19/08
        527 words
      • 1740 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX DAHLIA 079N 079N 1 22/*****4-1230 22/*****4-23:59 Aa HIBISCUS 095N 095N 1 19/08/2004-15:00 20/08/2004-03:00 ACX MARIGOLD 017S 017S 1 20/08/2004-15:00 21/08/2004-03:00 ACX SWAN 106S 106S 1 22/08/2004-07:00 22/*****4-1930 AL ABDALI
        1,740 words
      • 139 23 Aug 20 India: Parsi New Day. Ao|3o UK: Summer Bank Hoi. Anf 31 Malaysia: Nat Day. Philippines: Nat Heroes Day. Sep Canada: Labour Day. Sep 12 Brunei: Ascen of the Prophet. Indonesia: Ascen of the Prophet. Sep 27 SKorea: Harvest Day. Sep 28 SKorea: Harvest Day. Sep 29
        139 words
      • 791 23 THIS report, compiled by Cockett Ma line 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
        791 words
      • 575 23 Carton 180 Max 987J 0.3 15.2 0.05 46 0.04 Aug 12 Density Water Residue AshAlumlnlum Sediment No above E25 0 0 1 0 0 0 380 Ave 984.1 0J M.O 0.04 27 0.02 bum, 380 Max 993.0 17 17.8 0.07 56 0.06 K6/W3 v/» H m/m
        575 words
    • AIR & LAND transport
      • 561 24 It dangles £1,000 bonus in addition to 8-5% pay hike over 3 years Reuters [LONDON] British Airways improved a pay offer for ground staff on Tuesday in a bid to stave off a planned 24hour strike that threatens to disrupt travel at
        Reuters  -  561 words
      • 196 24 Reuters [PARIS] A Paris airport terminal which partially collapsed in May killing four people reopened some sections to passengers on Tuesday, airport authority ADP said. Six daily flights to Casablanca and Istanbul will depart from the Charles de Gaulle airport terminal, which had been closed to
        Reuters  -  196 words
      • 63 24 Reuters [BASEL] Swiss International Air Lines chief executive officer Christoph Franz listens to a question during a news conference on thefirst-half figures of Swiss in Basel Airline Swiss swung to its first-ever quarterly net profit on Tuesday, boosted by a one-off gain but its
        Reuters  -  63 words
      • LOG Book
        • 153 24 Bloomberg [JOHANNESBURG] South African Airways, South Africa's national carrier, will start flying between Cape Town and Frankfurt on Aug 31 in a shift of European services that will add flights to Paris and Zurich and suspend the Milan route. Service between Cape Town and Frankfurt
          Bloomberg  -  153 words
        • 97 24 [SAO JOSE DOS CAMPOS, Brazil] Empresa Brasileira de Aeronautica SA, the world's fourth-biggest commercial aircraft maker, said Republic Airways Holdings converted four options for its 70-seat aircraft into firm orders to meet demand for regional flights. The conversion boosts Republic's number of firm orders for the
          97 words
      • 235 24 Plane off normal path for short period while landing in bad weather AFP [HONG KONG] Officials at Hong Kong airline Cathay Pacific said the company had disciplined a jumbo jet flight crew that made a tight, unorthodox landing described in media reports yesterday
        AFP  -  235 words
      • 240 24 AFP [NEW DELHI] The passenger fleet of international flag carrier Air India may be the world's oldest, the Indian government said on Tuesday as it announced it had issued a tender to lease new planes. "It's a very serious matter that the international
        AFP  -  240 words
      • 289 24 Airline is reducing costs as competition from low-cost carriers intensifies Bloomberg [DUBLIN] Aer Lingus Group pic, Ireland's stateowned airline, may face strikes in a dispute with union workers over 1,300 planned job cuts. Over 90 per cent of members of the
        Bloomberg  -  289 words
      • 315 24 Bat they want other carriers to make schedule cuts too AP [CHICAGO] United Airlines and American Airlines are offering to support temporary flight caps at O'Hare International Airport, but they want other carriers also to make schedule cuts to ease
        AP; AFP  -  315 words
      • 2143 24 cmr flight n* flight no em» 2005 UBS mm *46 —8»7W —ST FiOSi ACMSt SOfl —DS7B H85" S0230 «40 0F82 2215 LH9762 0(10 ***** MOS kmMm UU Mtt CMT4 M6 »2S *52 IVES HS KL837 MSO XL838 22S5 LH"I 1555 U4M 2255 ***** 2345 ****** 1555
        2,143 words
  • Page 17 Advertisements
    • 16 17 BA sweetens pay offer to prevent costly strike BACKPAGE MOL's b« STEP towards growth PAGE 2
      16 words
    • 141 17 \pra-'pel\ vt a: to drive forward by means of a device or force that generates motion b: to push ahead For 120 years, MOL has been a driving force behind new developments at sea as a world leader in full-service shipping. Our PBCF (Propeller Boss Cap Fins) technology is just
      141 words

  • Page 18 Advertisements
    • 772 18 i NORTH AMERICA l|~j[ AUSTRALIA/NEW ZEALAND SUPER SmmLE EXPRESS (SSX) |AUSTR*LW ASIA EXPRESS (AAX) vesa voy lgo sm p*g i i 11 I I I 'I ooa HAJMURG 04W31 M/N 25/ OS OMIT JTOH VOT ONE STB B AM FRE SM Nt PtO NEBUOTB HOUTRUN 24W32 .4/0. 01/ M OMIT
      772 words
    • 464 18 Lines services represented by kJG&kk Members of the Registry of vilfißr 7 Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association LILY LINE MALE /vessel" VOY Ett En EU A f. KLAHG STORE MULE Mold Carrier 749 19/08 23/08 01/09 Princess Lily 0604 29/08 31/08 08/09 KotaTegap
      464 words

  • Page 19 Advertisements
    • 882 19 MOL Combines c a rang* of shipping modas to ensure timely, ret able services covering major ports in Norm America, Europe, Japan, Asia, Africa t Oceania. Abe Bfctft hiii Asti CerfMi Ik MJSAN KWANGYANG SHANGHAI YAMTIAN/ XMMBI QMGOAO IBAWAM JAKAAtt/SUtAIAYA gAOHjjjWtt MH6KOK lAH> CHAIAN6 HOOMIMNH PAStt 6uPAHO PtwAilS WiT KHANS
      882 words
    • 908 19 GENERAL AGENTS IN SINGAPORE: U MffUS QUAY #3MI SALES/BKGS TEL *****857/43 FAX: *****321/24 COSTAR SHIPPING PTE LTD jKSftJKT 6 OUTWARD (B/L) *****602 *****325/75 iff un ltMnnmr SSflKwi WWAROffVO) *****786 **********9 KG NO. 19W*****G TELmtI9OO(MAW T/SHIPDEP *****825 *****316/46 JOHOWS Office O NO: **********0 M CONVENTIONAL *****850 *****208 COSTAR AGENCIES (kl) SDN
      908 words
    • 696 19 SBTI^^PK; GOIDfH TIADF 14QAW I ?7/B I lift I 30/B I PEfttH BRlbfct MU 26/8 I 8/8 HEKTTOKD 100»M I 31/1 I 1/9 3/9 HEW DYNAMIC 068 A 1 V? I GoiDß< GATE 1430W I 7/9 I 8/9 I 10/f I -I WTO BRIDGE 062 A 9/9 I •CA|KE-<W-S»w *VSI
      696 words

  • Page 20 Advertisements
    • 937 20 WW WALLENIUS WILHELMSEN website: http://www.2wfllobol.com VESSEL IVOT lUW I HEIGHT I SIN I IK I HUP 1 HOW 1 WA 1 SAV 1 Ml I OIF I HT( I WW I MOO TAMPA AMI 7 4201 MS 4.4 M I 31/00 I 2S/09 04/10 11/10 12/10 14/10 14/10 U/10 01/10
      937 words
    • 635 20 1 \nn\ wan hai lines r Tel: 6226 1588 Fax: *****163 INTRODUCING:- NEW WEEKLY EXPRESS BERVICE TO: ROTTERDAM HAMBURG ANTWERP CALLING SIN EVERY Saturday /V- t T -i d,'-* c', For more details, call HOTLINE: 6226 1588 1800-*****00 I co LTp I'ACOfT CAtGOfS TO Omt UiA U>J. DfSTWUTKmS 1 I
      635 words
    • 719 20 BSA -i |e Tf=I=IT^!EW!!fS9VSPBfI^Hr MYANMA n FIVE STAR UNE (Myonmor National Line) Loading far Yang on VESSEL VOY SIN htt PIN PGU PAGAN 332W SU> HPA-AN 320* SU) SID IN MAUYSIA: INSTEAD SHIPPING AGENCIES KUL 03-*****300 PRL 03-*****101 PEN: 04-*****02 MEsnsmm ACCEPTIWB CONVENTIONAL CBO HRG SM NRG S« PGU PU
      719 words

  • Page 21 Advertisements
    • 556 21 VESSEL VQY I SIN PKI I KARACHI DXB BAB DMM BIK KHOWAMSHAHRH IRAN KOftDESTAN PCI 8041 19/08 20/08 27/08 30/08 31/08 07/09 10/09 13/09 IRAN SHAHRYAR KL 8042 20/08 21/08 28/08 31/08 01/09 08/09 11/09 14/09 IRAN SATTARI KL 8043 30/08 31/08 07/09 10/09 11/09 18/09 21/09 24/09 IRAN KORDESTAN
      556 words
    • 275 21 4 k UK CONTINENT SERVICE Loading (or ANTONIS RTM/ATW/BMN/UK/NAN ARIELLA ROM/ATW/BMN/UK/NAN Loads Singapore. E-/W Malaysia. Indonesia middle-east service Loading for RAVENNA DBI/ABU/DOH/BRN/DMM/KWT J FRIEND HDO/ADN/JDH/AQA PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT •Loads Singapore, EVW. Malaysia. Indonesia USA SERVICE Loading for SAMOS DREAM CAM/NOL/NFK/SAV HANDY ROSELAND CAM/NOL/NFK/SAV •Loads E/W. Malaysia. Indonesia F.E./S.E.A. SERVICES S
      275 words
    • 283 21 jesb m m m _msa *qi s* mt -0L230] OOUP izzsi ML MMUATA 2 tm 14/88 UM TACIAMPA 127M1 IZ/M !ZM_ JMJiU 4121 li/M UM MCMNM 1277!! U/M 19/00 JtUMM 8211 1141 22M Of 2301 9812 ]sm ?i/oo mmi 41W 23/o» m/m »tM»t uzH 29/81 20/qs fAC »AHPA 21 /M
      283 words


  • Page 23 Miscellaneous
    • 128 23 v A *C|R|H >/ j Wg?*** d* i j flfc JP Igjfr t Jy* pe y' a»ww&!aWßjsoßS^ 1 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5
      128 words