The Business Times, 10 August 2009

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Total Pages: 24
1 24 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sfili A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Monday, August 10,2009
    23 words
  • Article, Illustration
    Lock icon A cautious celebration for Singapore
    804 1  -  TEH SHI NING CHEN HUIFEN Q2 GDP may have contracted less than expected By and [SINGAPORE] Singapore's economy in the second quarter may have contracted less than expected, given that the Republic's first half contraction was 6.5 per cent, as announced by Prime Minister Lee
    REUTERS  -  804 words
  • Article
    Lock icon Timely, negative calls feature among StarMine winners
    546 1  -  TEH SHI NING Credit Suisse, DBS Vickers tie as top brokers, with seven awards each By' [SINGAPORE] In a year of banking crises and free-fal-ling financial markets, what made top-ranked analysts stand out was the ability to make the negative call, and make
    546 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 ftiSJ VIEWS FROM DINING OUT r^^j^^--- BizlT HINI L^ THE TOP Taste Paradise, 4-jfil^to 1 SAS makes USs2oom Firms scale back te'tt^ National Day wishes District 10 investment in Asia on containment fetiM kirn pages 8,9 page 11 page 24 measures page 7 More stories on Page 5
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  • TOP STORIES
    • Article, Illustration
      Lock icon Bullish Wall Street set for a breather
      955 2  -  ANDREW MARKS WALL STREET INSIGHT Market's rapid climb has brought it close to technical resistance levels By in New York WITH the big July jobs report confirming that the US economy is on the mend, and the bullish sentiment that has prevailed on
      AP  -  955 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon A cautious celebration for Singapore
        69 2 SINGAPORE'S economy in the second quarter may have contracted less than expected, given that the Republic's contraction in the first half was 6.5 per cent, Prime Minister Lee Hsien Loong said on Saturday. Extrapolating the first-half figure and Ql's 9.6 per cent contraction, Q2 GDP
        69 words
      • Article
        Lock icon Timely, negative calls feature among StarMine winners
        59 2 IN a year of banking crises and free-falling financial markets, what made top analysts stand out was the ability to make the negative call, and make it early. Several of the 2009 Star Mine Analyst Awards top stock pickers said that the timeliness
        59 words
      • Article
        Lock icon Bullish Wall Street set for a breather
        53 2 THIS might just be the week that the hot-as-a-summer day US stock market cools off just a bit, said stock traders. Analysts say that stocks are overbought and the S&P 500 will run into technical resistance as it approaches the 1,100 mark. TOP
        53 words
      • Article
        Lock icon As recession ebbs, Asia must readjust, says ADB
        53 2 AS signs of recovery begin to appear in Asia, countries are busy devising exit strategies from the fiscal and monetary stimulus they have applied to their economies before galloping inflation can take hold across the region, said the Asian Development Bank. TOP
        53 words
      • Article
        Lock icon Burned HK investors in protest to recoup losses
        45 2 ABOUT 100 Hongkong investors burned by complex financial products linked to the failed investment bank Lehman Brothers protested yesterday, demanding that securities regulators help them negotiate a settlement with Singapore-based DBS Group Holdings. TOP STORIES, PAGE 3
        45 words
      • Article
        Lock icon ING aims to sell private bank unit by September
        56 2 ING may finalise the sale of its private bank units in Asia and Switzerland by September, with Julius Baer emerging as a strong contender, sources said. Final bids are due in the next few weeks after at least six parties submitted
        56 words
      • Article
        Lock icon Firms scale back on H1N1 containment measures
        56 2 NORMALCY is creeping back into Singapore, three months after the global outbreak of Influenza A, as organisations scale down their efforts to help contain the spread of the virus in recent weeks. Companies are putting away their thermal scanners, and lifting travel restrictions
        56 words
      • Article
        Lock icon China secrets agency says Rio Tinto spied for 6 years
        72 2 CHINA'S state secrets watchdog has accused Rio Tinto of engaging in commercial spying over six years, saying that data on Rio computers showed that the espionage came at a huge loss to China. It also said that the case of
        72 words
    • Article
      Lock icon Past two weeks see markets at their highest this year
      447 2 -AFP [PARIS] Reassured by sec-ond-quarter results and a series of encouraging indicators, the world markets have rebounded significantly since the start of the summer, and climbed to their highest levels this year. Last week, Wall Street's Standard Poor's 500 broad-market
      -AFP  -  447 words
    • Article, Illustration
      Lock icon As recession ebbs, Asia must readjust says ADB
      698 2  -  ANTHONY ROWLEY It warns against social consequences from the crisis BY. in Tokyo AS signs of recovery from the trough of economic recession begin to appear in Asia, finance ministers and central bank governors are busy devising exit strategies to escape from
      FILE PHOTO  -  698 words
    • Article, Illustration
      Lock icon Burned HK investors in protest to recoup losses
      324 3 They want govt to strike a deal with DBS, similar to one with local banks [HONG KONG] About 100 Hong Kong investors burned by complex financial products linked to failed US investment bank Lehman Brothers protested yesterday, demanding that securities regulators help
      AP; -AP  -  324 words
    • Article, Illustration
      Lock icon Interest is strong for Sands, Wynn IPOs in Hong Kong
      707 3 Reuters The shares will also be seen as China proxy plays: analysts [LOS ANGELES/HONG KONG] With Las Vegas struggling, investors keen to place bets on casino companies will plunk their money down on US casino archrivals Las Vegas Sands and
      – Reuters; PHOTOS: REUTERS  -  707 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        51 3 Weekly 2,549.35 hange -109.85 iT Index 1 COMP 1,184.88 +9.98 IIKKEI 225 10,412.09 +55.26 IANG SENG 20,375.37 +197.96 ;et index 644.20 +20.20 JAKARTA COMP 2,349.13 +25.89 1ANILA COMP 2,782.98 -15.35 ;eoulcomp 1,576.00 +18.71 ;henzhenb 537.18 -11.84 IUMBAI IND 15,160.24 -510.07 )OW 9,370.07 +198.46 IASDAI 2,000.25 +21.75 ;&P 500 1,010.48
        51 words
      • Article
        Lock icon PRIME RATES
        29 3 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.029 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        50 3 uss S$ 1.437 US$ (S$ per US$) £(US: i/S: per£) 1.673 2.405 EURO (US$,S$/E) 1.436 Foreign currency per US$ 2.063 S$ YEN 95.40 66.40 RM 3.502 2.437 HK$ 7.750 5.393 BAHT 33.98 23.64 RUPIAH 9,920 6,903 RENMINBI 6.832 4.754 INDIAN RUPEE 47.90 33.33 A$ 1.194 0.831 NZ$ 1.490 1.037
        50 words
    • Article
      Lock icon ING aims to sell private banking units by Sept
      490 3 Reuters Final bids due soon, Julius Baer emerging as serious contender [SINGAPORE] ING may finalise the sale of its private banking units in Asia and Switzerland by September, with Julius Baer emerging as a strong contender, sources said. Final bids are
      – Reuters  -  490 words
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      Lock icon Page 3 Advertisements Column 1
      50 3 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experience ofsomeofthemost influential thinkers, corporate chiefs and social '^Jl activists of II ledge XX^^v '^W if-A H^^ f<: > tor- A Raffles Conversations \N\\\\\V AcollectionfromThe Business Times y^ Availableatallleadingbookstores t !i <%*1 THE BUSINESS TIMES A publication of
      50 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Be aware of inflating bubbles as a means of rescue
      663 4  -  R SIVANITHY STOCKS FRIDAY'S column spoke of the "buy in anticipation, sell on news" play that first propelled the local market sharply up throughout July banks on average gained almost 20 per cent in the four weeks before the release
      663 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      927 4 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (ad) Capital; (ag) Dividend/Distribition; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (an) First and Final Tax Exempt (One Tier); (ao) Income; (aq) Income Tax
      927 words
    • Article
      Lock icon Asian units mostly up against the US dollar, yen falls
      525 4 -AFP CURRENCIES [HONG KONG] Asian currencies ended the week mostly up against the US dollar but the yen fell after a surprise improvement in the US unemployment rate and narrowing job losses there. Japanese yen: The yen slid back against
      -AFP  -  525 words
    • Article
      Lock icon Oil price hits 10-month high, sugar notches historic peak
      244 4 -AFP COMMODITIES [LONDON] The price of oil raced to a 10-month peak here last week and metals futures rallied strongly as the US dollar retreated on positive economic data, traders said. Sugar meanwhile struck an alltime high here, aided by a
      -AFP  -  244 words
    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1512 4 Source: Reuters Company name Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Allgreen Props >erties Ltd 2.50 2.82 10 6.01 19.31 1.05 1.15 ARA Asset Me jt Ltd 2.00 2.00 2 7.00 10.79 0.97 0.80 Armstrong
      1,512 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 4 Aug 7 VALUE CLOSE IT OB/OS 260.00-500.0C IT CADI -*****.00-241.0i IT 10-day MA -*****.00 +26.0i TSE ST Mid Cap 584.67 -10.1 TSE ST Small Cap 508.81 -12.2 TSE ST All Share 625.90 -12.61 TSE ST China Top 272.04 -9.81 TSE ST China 266.96 -8.8; TSE ST Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 4 Golden A< iri 722,461,000 UniFiber 357,093,000 ienti SP 356,137,000 Yam |zi iiai 301,091,000 FrasersComm R 300,543,000 NOL 199,543,000 Sunmoon 187,333,000 Ezion 181,262,000 MAP Tech 181,151,000 IN 172,535,000 VALUE($) iBS Gr| 756,170,125 i Land 516,197,028 UOB 502,843,543 Sin; jTel 463,146,866 NOL 345,782,958 iolden A( iri 302,362,940 ienti SP
      61 words
    • Article
      Lock icon RISES
      108 4 BY CENTS CLOSE UP 9418 333.2 2.5 LD 10US Mala' ia 10US$ 642 303.1 49.0 Teative Tech 617 167.0 37.1 ICBCCai 5.1%NCPS 100 9756 156.0 1.6 DBXT FTVietnam 10US$ 4852 155.1 2.3 IMH 2952 103.4 2.5 ISH 1676 71.8 3.1 DBXT MSEuroi 10US$ 3817 48.8 0.9 LatinAmerica 1 688
      108 words
    • Article
      Lock icon FALLS
      107 4 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN 9500-231.2 -1.7 DBXT Ni 10US$ UOB.ES.0908 1584-144.0 -8.3 UOB 1628-140.0 -7.9 DBXT S&P Short 10US$ 6228-120.6 -1.3 DBS Gr| 1284-104.0 -7. DBS.ES.0908 1274 -98.0 -7.1 'enture Con 857 -98.0 -10.3 DBXT FTChina25 10US$
      107 words
    • Article
      Lock icon CURRENCIES
      86 4 Source; Thomson Reuters Wh lere S! i$ stands Aug 7 CHNG CLOSE FRAug6 YR2009 S$ LOW S$ HIGH uss 1.4371 -0.11 1.5579 1.4308 Euro 2.0637 0.03 2.0732 1.9150 Pounds 2.4051 1.31 2.4366 2.0356 1.2011 0.54 1.2086 0.9453 'en* 1.5102 -0.56 1.7278 1.4831 Rupiah* 0.***** 0.09 0.***** 0.***** Baht* 4.2311
      86 words
    • Article, Illustration
      Lock icon Profit-taking could weigh down shares
      1469 6  -  TEH HOOI LING STOCKS are still sitting on some pretty gains despite the sharp pullback last week. On average, our portfolios are up 3.9 per cent from two weeks ago. The best performing portfolio is the one made up of analysts' top recommended stocks as
      1,469 words
    • Article, Illustration
      Lock icon Fund managers heavy sellers yet again
      1375 6  -  ROBERT HALILI INSIDE MARKETS By BUYING activity rebounded while the sales among directors were flat last week based on filings on the exchange from Aug 3 to 7. A total of 13 companies recorded 22 purchases worth $85.3 million versus four firms with eight
      1,375 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Stock analysis rooted in computer science
      459 5  -  TEH SHI NING BT-STARMINE AWARDS Patrick Yau beats industry benchmark by 12.4% in excess returns last year Reports by "EVERY year, companies face different situations what works in one year might not work in another," says Patrick Yau of Macquarie Research Equities. This fast-changing
      459 words
    • Article
      Lock icon It's more fun in turbulent times for 14-year veteran
      496 5 IN turbulent financial times such as these, an analyst's job is all the more fun, says Lim Keng Hock, an analyst with Credit Suisse. And times like these are not unfamiliar to Mr Lim, who has seen four recessions now over
      496 words
    • Article, Illustration
      Lock icon Newcomer zooms ahead as top property analyst
      407 5 WITH one-and-a-half years of stock analyst experience, Shirley Wong considers herself a relative newcomer to the industry. But she still came in second overall on Star Mine's ranking of Singapore's stock pickers, and was No 1 among those covering real estate stocks. Beating
      407 words
    • Article, Illustration
      Lock icon Making the most of job experience, course studies
      384 5 "THE satisfaction of getting a call right, of predicting accurately the direction of the stock it's what drives me to work every day," says Wong Yew Kiang, a property analyst at CLSA. The notoriously long hours stock analysts work might yield more
      384 words
    • Article, Illustration
      Lock icon 'One part skill, 2 parts hard work, 7 parts luck'
      481 5 "ONE part skill, two parts hard work, and seven parts luck," is what Andy Sim puts his Star Mine Analyst Award down to. For this DBS Vickers analyst, coming in fifth overall in this year's ranking came as a surprise.
      YEN MENG JIIN  -  481 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Firms scale back on HINI containment measures
      874 7  -  CHEN HUIFEN But pockets of firms still continuing with temperature taking procedures Reports by NORMALCY is creeping into Singapore three months after the global outbreak of Influenza A (H1N1), as organisations scale down their efforts to help contain the spread of the virus
      FILE PHOTO  -  874 words
    • Article
      Lock icon Moderate impact on businesses from H1N1
      756 7 THE spread of the Influenza A (H1N1) virus may be rampant in Singapore now, but its impact on businesses here is relatively moderate, compared to the Sars episode in 2003. Business continuity consultants, health care providers and medical products makers appear to be the
      756 words
    • Article, Illustration
      Lock icon HOLD THE LINE
      123 7  -  ARTHUR LEE IT looked like a scene from a fuel-rationing exercise as motorists queued patiently under the hot sun for their turn to fill up at this Shell petrol kiosk along Ganges Avenue yesterday. The line started before 4pm and by 4.20 pm, there were about 50
      ARTHUR LEE  -  123 words
    • Article
      Lock icon PRIME LENDING RATES
      387 7 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications
      387 words
    • Article
      Lock icon COMPANY MEETINGS
      232 7 COMPANY MEETING PLACE DATE TIME Z-Obee Hldgs S Room 401, Bldg 14, West Park of Software Park Hi-Tech Park in the Second Road NanShan, Shenzhen, People's Republic of China 11-Aug 10.00am Man Wah Hldgs S Copthorne Orchid Hotel Singapore, Mokara Room, Level 1, 214 Dunearn Road, Singapore *****6
      232 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      157 7 A SATS THE ATLAS ICE COMPANY, BERHAD (INCORPORATED IN MALAYSIA)(I3O2-W) NOTICE OF DIVIDEND AND CLOSURE OF BOOKS The Board of Directors has declared an interim tax exempt dividend of 10 sen per stock unit in respect of the financial year ending 30 September 2009 which is payable on 15 September
      157 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon We have a vision for tomorrow
      5246 8 THIS WEEK'S TOPIC What kind of economy and business environment would you like to see emerging in Singapore over the next five years? How will it be different from things today? Terry Clontz CEO Star Hub SINGAPORE celebrated its 34th birthday the year I
      THE STRAITS TIMES FILE PHOTO  -  5,246 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Five simple truths about hiring
      1124 10 Has the downturn really changed the rules of the game when it comes to finding good people? NUMEROUS commentators have proclaimed the current recession to be one of those game-changers one that invalidates everything that everyone once thought they knew about anything. Actually, the old
      1,124 words
    • Article, Illustration
      Lock icon Ancient city, modern ambitions
      879 10 CAMPUS LIFE Xian is proving to be profitable for investments and businesses, say ISABELLE LIM and JACQUELINE SITORUS THE Chinese city of Xian is wellknown for its terracotta warriors. For 25 of us undergraduates from the Singapore Management University (SMU) it was a rare opportunity to
      879 words
    • Article
      Lock icon Be smart with your finances
      204 10 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      46 10 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Foodies' culinary Canaan
      589 11  -  Audrey Phoon NEW RESTAURANTS Taste Paradise #04-07 lon Orchard 2 Orchard Turn Tel: 6509-9660 THE long escalator leading from the first floor of lon Orchard to the topmost level of the mall may not be the stairway to heaven, but it does lead to paradise. Okay, make
      589 words
    • Article, Illustration
      Lock icon Prime potential
      660 11  -  Jaime Ec District 10 Bistro Wine Bar 10Winstedt Road, #01-17 Tel: 6738-4788 IT'S the kind of conundrum that makes some Singaporeans rant and others go abroad the alfresco dining experience and the inability to reproduce it here. No matter how strong the desire or one's imagination, the image
      660 words
  • Page 11 Advertisements
  • Page 11 Miscellaneous
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Obama not likely to rush into retaining Bernanke
      699 12 Financial markets rate Bernanke's reappointment chances at 80% [WASHINGTON] US President Barack Obama is unlikely to tip his hand as soon as financial markets would like on whether he plans to name Federal Reserve chairman Ben Bernanke to another term. Many investors
      AFP  -  699 words
    • Article
      Lock icon Fed seen maintaining stimulus efforts
      659 12 AFP It has to balance inflation risk with instilling confidence [WASHINGTON] Even as the US economy seems to be emerging from recession, the Federal Reserve is likely to signal that it will maintain extraordinary efforts to spur growth until a recovery takes root, analysts say.
      AFP  -  659 words
    • Article
      Lock icon OECD outlook brightens on signs of improvement
      351 12 Reuters [PARIS] The economic outlook for the 30-nation OECD area improved further in June and there are stronger signs that the downturn in the United States, Britain, Germany and Canada has found a trough, the OECD said last Friday. The Paris-based Organisation for
      – Reuters  -  351 words
    • Article, Illustration
      Lock icon Torrid China growth sparks bubble fears
      659 12 -NYT State-directed loans may lead to soaring defaults, govt debt [SHANGHAI] When China announced that its economy grew by 7.1 per cent in the first half of the year, the country appeared to be a bright spot in the global recession. But many economists
      -NYT; AP  -  659 words
    • Article
      Lock icon German export hike in June fastest in nearly 3 years
      476 12 Reuters [BERLIN] German exports surged at their fastest pace in almost three years in June, showing that the economy's industrial engine room is emerging from its deepest recession since World War 11. The 7 per cent rise, reported by the
      ■ Reuters  -  476 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Does the left hand know what the right is doing?
      727 13  -  PAULINE NG MALAYSIA INSIGHT MALAYSIA has been busy rolling out the red carpet to draw investors to its regional development corridors. Another one was rolled out last week in the eastern side as part of the East Coast Economic Region
      727 words
    • Article, Illustration
      Lock icon Indonesian court appoints judge to mediate Freeport lawsuit
      558 13 Reuters Papuan tribe seeks USs3ob settlement for alleged damage [JAKARTA] An Indonesian court has appointed a judge to seek a mediated settlement in a US$3O billion lawsuit filed by a Papuan tribe against a unit of Freeport McMoßan Copper Gold over alleged
      – Reuters; REUTERS FILE PHOTO  -  558 words
    • Article
      Lock icon ANZ to rebrand acquired Indonesian RBS assets
      216 13 Reuters [JAKARTA] Australia New Zealand Banking Group (ANZ) plans to rebrand its recently acquired RBS assets in Indonesia under the ANZ name within nine months, the bank's Asia Pacific CEO Alex Thursby said on Friday. ANZ has bought some Asian units from British
      – Reuters  -  216 words
    • Article
      Lock icon BHP Billiton plans to sell Indonesia coal project
      346 13 Reuters [JAKARTA] BHP Billiton Ltd plans to sell its Indonesian coal project after deciding not to proceed with the project on Borneo island, a government mining official said on Friday. In June, BHP Billiton said it would not go ahead with the
      – Reuters  -  346 words
    • Article
      Lock icon KL sees no urgency to liberalise ringgit: report
      188 13 Reuters The 11-year-old ban has not harmed economy: Zeti [KUALA LUMPUR] Malaysia has no plan to allow the ringgit currency to be traded offshore for now as it believes the 11-year-old ban has not caused harm to the economy, said central bank
      – Reuters  -  188 words
    • Article
      Lock icon BURSA MALAYSIA
      2079 13 Aug7 Aug 7 RM A&M Realty 0.57 AbricBhd 0.15 Advance Synergy 0.15 AdventaBhd 1.73 Ae Multi Hldgs 0.10 Affin Holdings 1.94 Ahmad Zaki Resou....0.91 AicCorp 0.41 Airasia Bhd 1.43 Akn Technology 0.14 Alliance Financi 2.52 Aluminium Co 1.02 Amalgamated Ind ....0.46 Ammb Hldgs Bhd ....4.15 Amtel Holdings 0.51
      2,079 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China secrets agency says Rio Tinto spied for 6 years
      581 14 Reuters Report foreshadows stricter controls on how foreign firms do business in China [BEIJING] China's state secrets watchdog has accused mining multinational Rio Tinto of engaging in commercial spying over six years, saying that data on Rio computers showed that
      ■ Reuters  -  581 words
    • Article, Illustration
      Lock icon PM Singh urges states to act on poor rainfall
      542 14 Reuters [NEW DELHI] Indian Prime Minister Manmohan Singh asked state governments on Saturday to take first steps to deal with poor monsoon rains that have hit sowing of important crops, leading to a sharp rise in prices of food items such
      – Reuters; AFP  -  542 words
    • Article
      Lock icon Indian generics next best bet for investors after IT?
      479 14 Reuters [MUMBAI] Morgan Stanley believes Indian generic drug makers are good bets for investment because of the world's drive towards bringing down healthcare costs and making medicines affordable, a fund manager said on Friday. "My sense is that it is similar
      ■ Reuters  -  479 words
    • Article, Illustration
      Lock icon No change in economic policy: Wen
      345 14 Reuters [BEIJING] Chinese Premier Wen Jiabao said that the government's mix of active fiscal policies and relaxed monetary settings must stay in place while economic growth faces domestic and external weaknesses, official media said yesterday. Visiting eastern province Jiangsu over recent days, Mr Wen
      – Reuters  -  345 words
    • Article
      Lock icon Demand for Indian power generator's IPO high
      264 14 Bloomberg [NEW DELHI] NHPC Ltd, India's biggest hydroelectric power generator, received more than 178.2 billion rupees (555.4 billion) of bids, 3.5 times the stock on offer on the first day of its initial share sale. The utility, which is offering 1.68 billion shares
      – Bloomberg  -  264 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US-Swiss talks stall over UBS client data
      409 15 Reuters Both sides have yet to agree on legal details of how to allow transfer [ZURICH] US-Swiss talks to settle a tax evasion row against ÜBS have stalled as the two states have yet to agree legal details on how to allow the
      – Reuters  -  409 words
    • Article
      Lock icon Japan wants more leeway for bank capital rules
      486 15 -Reuters [TOKYO] Japan is pushing for more flexibility for bank capital adequacy rules, even as regulators in the rest of the world argue for stricter limits to avoid another financial crisis. Katsunori Mikuniya, the newly appointed head of Japan's Financial Services Agency
      -Reuters  -  486 words
    • Article
      Lock icon Berkshire returns to profit on derivatives
      529 15 Bloomberg [NEW YORK] Billionaire investor Warren Buffett's Berkshire Hathaway Inc returned to profitability in the second quarter on gains in derivatives tied to world equity markets. Net income rose 14 per cent to US$3.3 billion, or U552,123 a share, from US$2.BB billion, or U551,859,
      – Bloomberg  -  529 words
    • Article, Illustration
      Lock icon A WALK TO REMEMBER
      99 15 Xinhua [TOKYO] A man walking past the 6,830 pairs of cloth shoes placed in a park here in memory of dead Chinese forced labourers. A memorial service was held here yesterday for the 6,830 Chinese who died in Japan after being forcibly taken to Japan to
      – Xinhua; XINHUA  -  99 words
    • Article
      Lock icon Clinton bidding to better US-Angola business ties
      402 15 Reuters [LUANDA] US Secretary of State Hillary Clinton arrived in Angola yesterday in a bid to bolster opportunities for US businesses in the major oil producer. Officials travelling with Mrs Clinton said that the United States wanted to strengthen relations with Angola, from
      – Reuters  -  402 words
    • Article, Illustration
      Lock icon Mission impossible for Obama's 'pay master' for bailout firms?
      1036 15 LAT-WP [WASHINGTON] US President Barack Obama's compensation tsar has been meeting for weeks executives at some of the country's largest and most troubled companies as they face a Thursday deadline to propose how much they will pay their top employees. Kenneth
      LAT-WP; BLOOMBERG  -  1,036 words
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  • WORLD
    • Article
      Lock icon Paulson denies giving Goldman helping hand
      664 16 Reuters The investment bank was the single biggest beneficiary of the AIG bailout [WASHINGTON] Former US treasury secretary Henry Paulson talked often to the head of Goldman Sachs at the height of the credit crisis but did not actively seek to help the bank
      – Reuters  -  664 words
    • Article
      Lock icon Global ETF assets at US$862b, highest since April 2008
      264 16 Reuters [FRANKFURT] Global assets under management (AUM) in exchange traded funds (ETFs) hit a record high of US$B62 billion at end-July, in spite of lower trading volumes in cash equity markets, according to data from Barclays Global Investor's ETF research team.
      Reuters  -  264 words
    • Article, Illustration
      Lock icon Falling birth rate in the US another victim of the economic crisis
      805 16 -NYT [NEW YORK] For the first time since the decade began, Americans are having fewer babies, and some experts are blaming the economy. "It's the recession," said Andrew Hacker, a sociologist at Queens College of the City University
      -NYT; REUTERS  -  805 words
    • Article
      Lock icon Merck, Schering-Plough merger to go ahead
      553 16 AP The new firm would have about USs42b in annual sales [TRENTON, New Jersey] Shareholders of drugmakers Merck Co and Scher-ing-Plough Corp on Friday both overwhelmingly backed a US$4l.l billion tie-up to create the world's No 2 pharmaceutical company. The acquisition of smaller Schering-Plough
      AP  -  553 words
    • Article, Illustration
      Lock icon Iceland debt repayment could affect European Union bid
      761 16 -Reuters [STOCKHOLM] Iceland is struggling to make amends on a huge international debt, but the final price tag may be far larger than the nearly US$6 billion owed: it could also hinder efforts to join the European Union. The debt, a legacy
      -Reuters; BLOOMBERG  -  761 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon Baltic index in biggest drop since Oct
      365 17 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October last year as Chinese demand for shipments of coal and iron ore slows. The index tracking transportation costs on international trade routes on Friday
      Bloomberg  -  365 words
    • Article, Illustration
      Lock icon Delta plans more layoffs as revenue declines
      355 17 -AP [ATLANTA] Delta Air Lines Inc, the world's biggest airline operator, is planning to cut more management and administrative jobs but isn't saying how many, according to a recorded message and a memo from top executives. Chief executive Richard Anderson said in a
      -AP; AP  -  355 words
    • Article
      Lock icon CEO resigns as Finnair flies into the red
      405 17 -AFP [HELSINKI] Finnish airline Finnair reported a switch into loss in the second quarter on Friday, blaming low fares and passenger numbers, and its chief executive announced his resignation. "I am not satisfied with the results achieved; the rate of change has
      -AFP  -  405 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.51 0.26 1.24 0.64 1.50 0.59 0.05
        106 words
      • Article
        Lock icon KLSE
        36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.99 8.89 8.80 3.20 2.92 0.03 0.09 -0.04 -0.01 unch -0.03 0.01 0.01 unch 134 97 1181 335 59 94 2703
        36 words
      • Article
        Lock icon BANGKOK
        7 17 ■oo ■recious Ship .16.90 -0.20 2521
        7 words
      • Article
        Lock icon HONGKONG
        7 17 '000 mg toil .41.70 -3.45 2738
        7 words
      • Article
        Lock icon PHILIPPINES
        22 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.90 19.00 unch unch -0.10 -0.50 unch unch 1010 1359 0 0
        22 words
      • Article
        Lock icon TAIPEI
        21 17 Evergreen Marine ....20.75 :irst Steamship 43.90 ManHai Lines 17.50 fang Ming Marine...12.90 -0.30 -1.25 0.10 unch 5 3 3 13
        21 words
      • Article
        Lock icon TOKYO
        38 17 '000 Yen Vol :awasaki Hvy Ind ..239.00 :awasaki Kisen 389.00 Mitsubishi Hvy 37unch /litsuiEng&Sbldg...231.00 /litsui OsR Lines 579.00 Jippon Express ....41unch JipponYusen 407.00 -4.00 ***** 6.00 9182 -1.00 ***** 1.00 3138 -2.00 8976 unch 2702 unch 7495
        38 words
    • Article
      Lock icon Orient Overseas chalks up first loss in a decade
      535 17 Bloomberg Container volumes also fall 17% in Q1 as exports to US, Europe plunge [HONG KONG] Orient Overseas (International) Ltd, Hong Kong's biggest container line, posted its first loss in 10 years as slumping world trade and rising overcapacity pummel cargo
      – Bloomberg  -  535 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2695 17 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,695 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      213 17 CRYPTIC CROSSWORD Across 28 Sailers adrift with no wind (7) Down 8 Sun to employ gripping writ- 24 Sounds like girl has violent 1 Complicated maths answer ers, to create tension (8) wind (4) —it might make you gasp 13 One goes to the front in a YESTERDAY'S SOLUTION (6)
      213 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9116 18 Week ended: Aug 7 Hi. »-wks Tel Low Code Com| Sale C000) Hii Low Bu; rer Seller C'vr P/E $mil )an] 15.5 3 3148 STelecom 8 2.5 5834 A-Sonic 24.5 12 5000 ABR Hldgs 12.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 81
      9,116 words
    • Article
      Lock icon SGX CATALIST
      1794 19 52-wks Tel High Low Code Last Sale Vol Week Last Quote Div Gr Yld C000) High Low Buyer Seller C'vr Net P/E M Cap $mil 52-wks Tel High Low Code Company Last Sale Vol Week Last Quote Div Gr Yld Net C000) High Low Buyer Seller C'vr P/E
      1,794 words
    • Article
      Lock icon SGX ETF
      451 19 52-Wk Tel h Low Code Last Sale Vol C000) Week ill Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Hii Comi Hii 110 100 6389 ABF SG Bond ETF 827 427 CIMBAsean40 100US$ 273 149 DBS STI ETF 100 3903 3534 DBXT DJE5O 10US$
      451 words
    • Article
      Lock icon CLOB INTERNATIONAL
      250 19 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      250 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      102 19 litaLand 3.700 -0.050 JMH 29.520 -0.640 SIA En: 2.650 +0.010 1.510 -0.030 JSH 16.760 -0.020 SMRT 1.720 'Dev 9.720 -0.400 Jardine C&C 23.620 -0.760 SPH 3.590 -0.070 imfortDelGro 1.580 -0.060 Kei >el Con 7.820 -0.130 ST En: 2.630 >sco Con 1.240 -0.070 NOL 1.640 -0.050 SembCon
      102 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      104 19 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 6 3 0 0 0 9 6 3 lanufacturini 94 83 60 12 13 16 106 96 76 Commerce 25 40 18 32 46 21 r/O ms 16 22 17 23 :inance 11 18 12
      104 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      106 19 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 182,921 182,921 469,344 469,344 lanufacturing 2,696,461 403,371 3,099,832 1,658,382 14,262 1,672,644 Commerce 905,678 171,446 1,077,124 482,643 98,426 581,069 ]t/Stor/Comms 968,840 12,702 981,542 1,531,237 2,979 1,534,216 :inance 195,782 80 195,862 1,795,392 1,795,398 Construction 906,437 115,280 1,021,717 226,971 1,893 228,864 'ro|
      106 words
    • Article
      Lock icon STOCKS ASIA
      2743 19 Transaction date: Aug 7 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol ■000 HK$ Aeon Credit Aeon Stores Angang Steel Anhui Conch Anhuiexpressway Asia Satellite Asm Pacific Bank Of E Asia Beida Jade
      2,743 words
  • Page 18 Advertisements
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      28 19 Insiders'trades. Brokers'recommendations. TIJC Rl ICIMECC Tll\/lEC Dividend table. The pages also cover transactions Int DU3IIMC33 lIIVIC3 by directors and substantial shareholders. In other words, news you can use.
      28 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 20 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Am World Index Preliminary 766.0 1.1 13.0 0.8 15.6 0.5 15.7 EAFE Preliminai 730.0 0.6 12.5 -0.2 16.7 -0.5 16.1 Euro[ Prelim inan 1013.5 1.1
      369 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 20 As at 9am Aug 7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1960 1.2320 Can dollar 1.3260 1.3410 Euro 2.0510 2.0750 NZ dollar 0.9560 0.9760 iterlini ind 2.3980 2.4251 US dollar 1.4280 1.4440 Local dollars to 100 units of foreign
      133 words
    • Article
      Lock icon INTERBANK RATES
      176 20 Aug 7 $S Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 3/8 ys$ 0.08 7/16 9/16 11/16 Offer 0.03 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.39 0.50 0.60 0.95 1.50 1.60 Offer 0.25 0.29
      176 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 20 Aug 7 ten Hii Sett STI Aui 2533 IIMSCI Am 311.1 312.1 303.6 "aiwan Aui 247.9 249.0 closed Source: MF Global (S) He. Ltd
      27 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 20 Aug 7 S! Bid Offer 1-month 1.4365 1.4380 2-months 1.4366 1.4381 3-months 1.4367 1.4382 6-months 1.4368 1.4385 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      190 20 Aug 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Sep 09 197.5 Oct09 196.0 NOV09 195.6 Dec 09 195.5 Jan 10 Feb 10 197.0 194.5 195.5 194.0 197.5 196.0 195.6 195.6 196.0 196.0 120 46 80 160 479
      190 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 20 Aug 7 IKbAbUKY BILLb Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****E 05.11.09 1-Year BY*****W 03.05.10 0.29 0.35 0.27 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year NX*****H 3.625 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year
      90 words
    • Article
      Lock icon CHICAGO BOT
      101 20 Aug 7 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 09 1184.50 1170.50 1192.00 1160.50 Sep 09 1090.50 1079.50 1097.25 1069.25 Nov 09 1038.50 1030.00 1046.75 1020.00 Jan 10 1041.25 1034.00 1049.00 1025.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO9 36.78 36.83 37.27 36.45
      101 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 20 CRUDE OIL PRODUCTS Aug 6 origin! t/barrel Close Cham irent blend (1-Mth F) 74.78 0.30 WTI (Near Mth) 71.94 0.07 iubai (1-Mth F) 73.43 0.71 "apis blend 80.25 1.20 i/linas 77.45 1.75 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 72.05 81.80 2.01 2.1! US$/barrel )pec Oil Basket Price
      75 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 20 Aug 7 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.903 5.722 0.583 6.491 40.112 83.080 0.799 10.293 2.933 1.248 68.943 39.949 1.203 6.801 0.892 27.424 28.454 0.500 0.838 Canada 1.108 6.339 0.646 7.191 44.438
      464 words
    • Article
      Lock icon SIBOR
      79 20 Aug 7 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 3 mths 0.***** 0.***** 6 mths 9 mths 12 mths 0.***** 1.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 2.***** 4yrs
      79 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 20 Aug 7 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2026 1.2044 0.8373 0.8377 Canadian dollar 1.3324 1.3342 0.9276 0.9280 Euro 2.0618 2.0645 1.4355 1.4360 NZ dollar 0.9635 0.9651 0.6708 0.6713 Sterling md 2.4031 2.4061 1.6731 1.6731
      158 words
    • Article
      Lock icon PRECIOUS METALS
      173 20 Aug 7 GOLD (USS/oz) GOLD (USS/oz) Aug 06 Aug 07 Hong Kong 960.80 957.80 961.80 958.80 Aug 07 Aug 06 London 956.80 965.80 957.80 966.80 Source: Thomson Reuters Aug 06 Aug 07 GOLD BULLION COINS (S$) Selling Buying 1 oz 1539.73 1391 UBS GOLD LUNAR KINEBAR (S$) Selling
      173 words
    • Article
      Lock icon LONDON METALS
      69 20 Aug 7 iri iiuiii, yy.i (US$/tonne) Close Previous Cash 1988.75 1961.25 3 months 2020.00 1990.00 Copper, Grade A (US$/tonne) Cash 3 months 6141.00 6150.00 6017.50 6025.00 Lead (US$/tonne) Cash 3 months 1883.75 1900.00 1839.00 1855.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      74 20 Aug yj :OCOA (Btonne) Close Prev Hii ih/Low ,epO9 1775 1745 1779/1741 )ecO9 1802 1773 1810/1767 i/lar 10 1807 1778 1814/1771 i/lay 10 1802 1769 1805/1766 lOFFEE (US$/tonne) Close Pev High/Low iepO9 1491 1494 1500/1413 Mov09 1513 1516 1525/1441 Ian 10 1525 1529 1529/1450 SUGAR (US tonne) White Close
      74 words
    • Article
      Lock icon PALM OIL
      64 20 Aug 7 KLCE PALM FUTURES (RIV Delivery Opening Month Range M/MT) Sett Av Price Price Hi Low Vol Open Done Position AugO9 2370 2378 2370 2370 10 248 Sep 09 2327 2354 2365 2325 583 8489 Oct09 2306 2340 2345 2306 7124 ***** Nov09 2300 2335 2336 2300
      64 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      288 20 Aug 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.5150 99.2500 98.8900 98.4550 6014 4546 4309 3072 EUROYEN TIBOR FUTURES SepO9 DecO9 99.480 99.480 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 99.480 99.480 99.485 99.480 99.445 99.390 99.345 99.260 99.200 1274 582 20
      288 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2492 20 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left DBS MBL ECW*****4 DBS MBL ECW*****2 66 20 -3 170 0.1 0.1 750 1300 20 21 SIA DBS ECW*****9 SMRT Corp Ltd.ES.0908 58 171
      2,492 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      2965 21 The Business Times Shipping Times Monday, August 10, 2009 21 A __n| WAN HAI INTERNATIONAL PTE LTD UEN: *****4.95 M I^h a^^F^l l^^i itlß^wivaiJ'^tjflfliv^SvSi V"TTi\ iaiali iiai i nirr til6226isss <nlines) fax:*****163 A^B 1 111 liTs^ll^B JBHjBI|WIHB!BjlllljjBB U^EnSBjmMmiSnSiSmSSM V\ Vl I WAN HAI INtS Fl* ll- tel- (°3> *****55S FAX:
      2,965 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      3459 22 r^VHBBSQI^SSIHI In E eastern car liner, ltd If® sJ H r//M I Iw^i |jf—~L_l I specialize in roro heavy lift upto 450 tons I WEEKLY EXPRESS SAILING SCHEDULE I BFiiTFwrmn^^M 1 1 1 1 1 i 1 1 1 r^^^^^HTreL/PHLSERVICE^ AMX SERVICE C.nne<ting ECL SERVICE via MALTA SmWR^ VOY -Bgjtfli-
      3,459 words
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  • BizIT
    • Article, Illustration
      Lock icon Easy data security on the move
      725 23  -  ONG BOON KIAT <cool stuff> The Singapore-developed DigiSAFE Diskcrypt Mobile DCM3OO hard drive encryption device offers users and organisations peace of mind By E have heard of companies damaging their reputation or suffering financial losses due to employees losing laptops and portable hard drives
      725 words
    • Article
      Lock icon EU Commission defends action against Intel
      490 23 AFP [BRUSSELS] The EU Commission on Saturday defended its record-busting anti-trust action against Intel, following a report that it missed evidence which could have boosted the US computer chip giant's case. EU antitrust regulators fined Intel a record 1.06 billion euros (552.19 billion) in
      AFP  -  490 words
    • Article
      Lock icon Apple tablet may add US$1.2b to annual sales
      326 23 Bloomberg Release of larger iPod Touch version expected next year [NEW YORK] Apple Inc may add US$l.2 billion to sales next year if it releases a tablet computer that resembles a larger version of the iPod Touch, Piper Jaffray Co said. The
      – Bloomberg  -  326 words
    • Article
      Lock icon No need for US telcos to reveal data
      282 23 Reuters [WASHINGTON] Telecommunications providers will not have to give the government sensitive revenue and Internet speed data for a programme to map broadband use in US homes and bring high-speed Internet service to more people. The US Commerce Department said last Friday
      – Reuters  -  282 words
    • Article
      Lock icon Bringing cloud computing into the enterprise
      676 23  -  YAJ MALIK <you say> It offers tremendous economies of costs and resources to businesses By CLOUD computing is moving from hype to gradual adoption by enterprises, and the reason is simple: economic and competitive necessity is driving the business case for cloud computing. The
      676 words
    • Article, Illustration
      Lock icon SAS makes US$200m investment in Asia
      572 24 THE BUSINESS OF INFOCOMM TECHNOLOGY Amount will upgrade operations, expand facilities, reports WINSTON CHAI THE chips may be down for many of its clients, but business intelligence (BI) software maker SAS is sticking with its US$2OO million bet on Asia this year. The money
      572 words
    • <what's new>
      • Article
        Lock icon SingTel hopes to score with free football channel
        97 24 SINGAPORE Telecommunications hopes to whet the appetite of football fans with a free, time-limited pass to its new Football Frenzy channel. The offer, which lasts till Oct 31, will allow all mio TV viewers to watch live European matches from the Italian
        97 words
      • Article
        Lock icon StarHub rings up social networking tools
        82 24 STARHUB is catching on to Web 2.0 with by giving subscribers an all-you-can-eat social networking buffet. Customers will be able to log on to their Windows Live instant messaging and Facebook accounts on their phones without having to worry about incurring data charges when
        82 words
      • Article
        Lock icon Free advice for employers and job seekers
        66 24 RECRUITMENT firm Robert Half is dispensing complimentary advice to job seekers and employers through two new websites (http://www. uncertaineconomy. com/ employer advice and http://www. uncertaineconomy. com/ jobseekeradvice). The two portals will give visitors tips on how to cope with the current downturn and
        66 words
      • Article, Illustration
        Lock icon Prolink introduces new net book
        100 24 PROLINK has taken the wraps off the Glee TA-009, a small, lightweight laptop which promises to be big on value. The net book weighs only 1.1 kg and is powered by a 1.6 GHz Intel Atom N270 processor. On the connectivity front, the 10.1-inch Glee
        100 words
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        Lock icon No-fuss video calls with new Logitech webcams
        121 24 LOGITECH has launched five new Web cameras that will allow consumers to enjoy the perks of videoconferencing without the hassle of complicated set-up procedures. This is because the new products support the firm's Vid interface, an application which allows users to start a
        121 words
      • Article
        Lock icon Infocomm conference for SMEs
        97 24 THE Singapore Chinese Chamber of Commerce and Industry and the Infocomm Development Authority of Singapore will be staging the 13th Infocomm Commerce Conference on Aug 20. To be held at the Suntec International Convention and Exhibition Centre, the event aims to provide SMEs with insights on
        97 words
    • Article, Illustration
      Lock icon Online attacks target pro-Georgian blogger
      528 24 -AFP [SAN FRANCISCO] Cyber assaults that temporarily derailed the websites Twitter, Facebook and Live Journal were aimed at a pro-Geor-gian blogger, according to Internet security company F-Secure. Massive distributed-de-nial-of-service (DDoS) attacks intended to silence a blogger known as "Cyxymu" hammered Twitter, Facebook, Live Journal and
      -AFP  -  528 words
    • Article
      Lock icon EU raises antitrust queries about Oracle-Sun deal
      297 24 Bloomberg It checks if Oracle's programs compete against MySQL [SAN FRANCISCO] Oracle Corp's takeover of Sun Microsystems Inc is under scrutiny as European Union (EU) antitrust enforcers query database makers about whether the combination would hurt competition. The EU is asking the companies
      – Bloomberg  -  297 words
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