The Business Times, 7 November 2011

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Total Pages: 36
1 36 The Business Times

  • TOP STORIES
    • 985 2  -  Lagarde defends open-ended pledge to boost IMF resources as more reassuring; focus turns to Italy’s massive debt burden g-20 summit| By Anthony Rowley bt wo rl d @s p h .co m .sg Cannes BY THE TIME trading opens today, financial markets would have
      PHOTO: AP  -  985 words
    • 19 2 1 1 Branchen Stars R1C-A 28/10/2011 143,67 EUR db X-MACRO Trading Index Fund I4D 26/10/2011 96,70 GBP
      19 words
    • 727 4  -  Bill Gates’ report on innovative financing to fund development has G-20 leaders talking By Anna Teo anna@sph.com.sg Cannes IF PRESIDENT Nicolas Sarkozy was livid last week about Greece stealing the spotlight from France’s presidency at the Group of 20 summit, George Papandreou wasn’t the only
      AP  -  727 words
    • 900 6  -  Upcoming Fed policy, retail outlooks and tech giant’s earnings seen having muted impact wall street insight| By Rob Curran btworld@sph.com.sg ORDINARILY, hints on new policy from the Federal Reserve, the holiday-season outlooks from major department stores, and the earnings report of a tech power
      AP  -  900 words
    • 285 6  -  By Victoria Ho vhip@sph.com.sg Singapore FORMER minister mentor Lee Kuan Yew said yesterday that his sensory peripheral neuropathy would not prevent him from contributing to the community. Mr Lee’s daughter, Wei Ling, director of the National Neuroscience Institute of Singapore,
      285 words
    • 578 7  -  Total rises 14% to 610 from a year ago; but the number declared bankrupt falls 15% to 401 and is expected to remain low By Conrad Tan conradt@sph.com.sg Singapore THE NUMBER of applications for personal bankruptcy in Singapore rose in the
      578 words
    • 705 8  -  New York unhappy that it has been dropped as an explicit choice for maritime arbitration By Joyce Hooi joyceh@sph.com.sg Singapore Singapore IT might be thevery lastclause in the draft version of Saleform 2011, but Clause 16 the maritime arbitration clause caused thelargestkerfuffleinsomequarters
      705 words
    • 354 8 AP Branson, Missouri SINGER Andy Williams told the crowd at his show on Saturday night that he has bladder cancer. The Tri-Lakes News reports that the 83-year-old Williams appeared early in the show at the Moon River Theatre and vowed to return
      AP; FILE PHOTO  -  354 words
    • 861 9  -  Mixed reviews greet update, which tries to address perceived slant towards European ship sellers, unlike rival forms cropping up in Asia By Joyce Hooi joyceh@sph.com.sg Singapore IN the battle of the used-ship sale forms, a preliminary version of Saleform 2011 championed by Bimco and
      861 words

  • Page 3 Advertisements
    • 102 3 LI V E FOR GREATN ESS EVERY ROLEX IS MADE FOR GREATNESS. THE COSMOGRAPH DAYTONA, INTRODUCED IN 1963, WAS DESIGNED TO MEET THE DEMANDS OF PROFESSIONAL RACECAR DRIVERS AND QUICKLY EARNED ITS ICONIC STATUS. WITH ITS PATENTED CHRONOGRAPH MECHANISM AND BEZEL WITH TACHOMETRIC SCALE, IT ALLOWS DRIVERS TO PERFECTLY MEASURE
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  • Page 5 Advertisements
    • 1092 5 thebusinesstimesweekendwww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
      1,092 words


  • Page 7 Advertisements
    • 34 7 LGT your private bank in Asia. Integrity. Stability. Performance. Combining traditional private banking with state of the art investment advice. Singapore, Phone +65 64 15 38 00 Hong Kong, Phone +852 2868 0201 www.lgt.com
      34 words


  • Page 9 Advertisements
    • 44 9 NOW AVAILABLE FOR ALL MOBILE DEVICES Big Walk goes mobile Download from the App Store or visit www. tnpbigwalk .com on your mobile device Latest news on Big Walk Latest promotions and discounts from our generous sponsors Organiser: Title sponsor: On Air Partner: Partners:
      44 words

  • COMPANY NEWS
    • 927 10  -  About 933,000 sq m of gross floor area of office space is in the pipeline from GLS sites awarded this year By Mindy Tan tanmindy@sph.com.sg Singapore IN current volatile times, real estate investment trusts (Reits) have emerged as favourites for defensive plays. But analysts
      FILE PHOTO  -  927 words
    • 616 11  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent THREE weeks ago, this column said that a window of opportunity had opened fortradersto “buyinanticipation” of an euro bailout. It added that investors should be prepared to quickly “sell on news”. Two weeks ago, we also speculated when the
      616 words
    • 387 11  -  MSCI S’pore index shows Q3 earnings fall of 25%; only 3 out of 14 beat estimates By Michelle Tan michtyz@sph.com.sg Singapore THIS earnings season has proven to be one that has borne little fruit for Singapore, with companies under the MSCI
      FILE PHOTO  -  387 words


  • MARKETS
    • 1723 12  -  inside markets By Robert Halili ~The writer is managing director, Asia Insider Limited BUYING among directors fell for the fourth straight week with only 12 companies that recorded 19 purchases worth $1.45 million based on filings on the Singapore Exchange from Oct 31 to
      FILE PHOTO  -  1,723 words

  • SINGAPORE NEWS
    • 380 13  -  The qualification is part of Singapore’s plan to move its accountancy services sector to the next level By Michelle Quah michquah@sph.com.sg PLANStooverhaulSingapore’saccountancy sector took a significant step forward recently when a consultant was appointed to help develop a homegrown, internationally recognised post-graduate professional
      ACCA  -  380 words
    • 192 13  -  By Dolly Chia dchia@sph.com.sg THE Financial Women’s Association (FWA) of Singapore has raised over $266,000 for the Kandang Kerbau Regional Outreach to Kids (KKROK) Fund from its recent FWA ROcKs Bling It On! event. KKROK was established to reach out to needy children
      FILE PHOTO  -  192 words
    • 390 13  -  By Lynn Kan lynnkan@sph.com.sg THINK of it as online classifieds for green projects seeking financial backers. The newly launched Greendealflow.com allows project developers to submit their projects online, and interested financiers can then contact them directly. The site created by Singapore-based ex-bank- er Jean-Christophe Bouglé reworks
      390 words
    • 1114 14  -  There is a strong commitment to invest in research and development each year, the amount comes to about 3-5% of revenue. By Foo Wei Ming Antonio, Goh Keng Guan Ronald, Liew Yik Ming The writers are students from NUS Business School EVER wonder
      ARTHUR LEE  -  1,114 words


  • VIEWS FROM THE TOP
    • 3133 15 this week’s topic: From your experience, is cyber-fraud a genuine threat and are online users sufficiently aware of the dangers? What should consumers, companies and the authorities do to minimise the threat? Jessica Tan Managing Director Microsoft Singapore CYBER-FRAUD is a real threat that Microsoft takes seriously. We
      3,133 words



  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 829 18  -  There are potential rewards as these markets are now driving global growth. By Teh Shi Ning tshining@sph.com.sg THE investment buzz surrounding emerging markets has lasted a good decade now. But particularly in this post-2008 crisis age, with developed economies of US and Europe bogged
      STOCK.XCHNG  -  829 words
    • 971 19  -  Guan Wenyi, Marc Song win Citi Foreign Exchange Challenge. starting young By Dolly Chia dchia@sph.com.sg AMONG the 600 young investors who entered the Citi Foreign Exchange Challenge this year, it was the team of Guan Wenyi and Marc Song Jia Shun that emerged victorious. The 23-year-old buddies
      971 words
    • 267 19 ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple
      267 words

  • Page 19 Advertisements
    • 51 19 The Business Times-Citibank Young Investors’ Forum is published every Monday. It aims to raise the financial awareness of young adults, especially tertiary students, and empower them with the financial knowledge and skills vital to making investing and wealth management decisions. The forum is part of Citibank’s efforts to promote financial
      51 words

  • WORLD
    • 502 20 EU seeking nation’s consent by today over 130b euro bailout deal Reuters Bloomberg berg Athens GREEK Prime Minister George Papandreou has stepped down as part of a deal to defuse a political impasse that has threatened to push the country into
      Reuters; Bloomberg; berg  -  502 words
    • 354 20 Bloomberg Bangkok FLOODWATERS edged closer to central Bangkok yesterday, reaching the northernmost station on the city’s inner-city rail system, as Prime Minister Yingluck Shinawatra warned that the deluge may take weeks to drain. “The amount of water is massive,”Ms Yinglucksaidafter visiting a flooded district
      Bloomberg  -  354 words
    • 489 20 AFP Bloomberg New York TWO class-action lawsuits have been filed against bankrupt brokerage MF Global, which is now the subject of a formal FBI investigation, as customers struggle to recover funds from the first major US casualty of the European debt crisis. On
      AFP; Bloomberg  -  489 words
    • 586 21 Those receiving 99 week emergency benefit fall to 48% from 75% early last year AP Washington THE jobs crisis has left so many people out of work for so long that most of America’s unemployed are no longer receiving unemployment benefits. Early last year,
      AP; BLOOMBERG  -  586 words
    • 358 21 Reuters New York AS the US economy stubbornly resists stimulus efforts, New Jersey and Maine are among several states betting on a simpler way to fill their coffers: gambling. Both north-eastern states are holding Election Day referendums to increase the once-outlawed practice, following states
      Reuters  -  358 words
    • 346 21 AFP Panaji, India A COMPANY from the United States that is developing a flying car is eyeing the booming economies of India, Brazil and China as future markets, its co-founder said on Saturday. About 100 people have readyplacedordersforthe“combined flying-driving vehicle” the Transition, which
      AFP  -  346 words
    • 647 22 Until people face constraints, they will keep pushing the boundaries, says management guru Ram Charan AFP New Delhi INDIAN-BORN Ram Charan, known as one of the world’s most influential management gurus, has a simple take on the globe’s mounting financial troubles. “Until people face some
      AFP  -  647 words
    • 498 22 AFP Reykjavik THREE years after Iceland’s banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and protect taxpayers, analysts say. The North Atlantic island saw
      AFP  -  498 words
    • 664 23 Its nationalisation bill provokes comparisons to Robert Mugabe’s seizure of white-owned land in Zimbabwe AFP Colombo SRI Lanka’s president has vowed to turn his war-battered nation into the “miracle of Asia”, but a controversial new nationalisation law is seen as a major blow to
      AFP  -  664 words
    • 339 23 Reuters Beijing THE heads of China’s largest technology companies have endorsed Beijing’s aim to intensify controls of online social media, pledging to “stop the spread of harmful information” on the Internet, state news agency Xinhua said yesterday. Some top executives,
      Reuters  -  339 words
    • 688 24  -  Keep limestone hills for tourism a la China’s Guilin By Pauline Ng btnews@sph.com.sg Kuala Lumpur THE beautiful karst hills of Perak state are being blasted to bits and quality limestone exported for very little money to a number of countries including Singapore because
      FILE PHOTO  -  688 words
    • 509 24 Reuters Hong Kong GROWING numbers of workers in Asia are turning their backs on the stability of a permanent “iron rice bowl” post for the uncertainty of contract employment with the added bonus of more exhilarating work and a chance to build their
      Reuters  -  509 words
    • 809 25 80% sold, reaping US$200m for Sotheby’s, despite a slump in financial markets NYT Bloomberg AFP New York ROWDY art handlers who have been locked out of Sotheby’s over a labour dispute since the summer blew whistles and shouted insults at the crowds who
      NYT; Bloomberg; AFP; PHOTOS: REUTERS  -  809 words
    • 4508 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • Page 22 Advertisements



  • Page 25 Advertisements
    • 56 25 Sets appeal Mentawais' seismic s Nepal's suramit-to-sea adventurer Race review from Wulong MMITTING LVEREST IOM TIBET Asia's best outdoors magazine Now with a great new look! Get the latest copy today! Ask your local bookshop or make sure of your copy by subscribing today Go to www.actionasia.com or email sub@bluincmedia.com
      56 words



  • Page 28 Advertisements
    • 31 28 Can they find your services here in the Shipping Times? Shipping lines seeking reliable THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 I nc DU3II1CU IIVIC3 SHIPPING TIMES
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  • Page 29 Advertisements
    • 32 29 Experienced sh/ P maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      32 words

  • SHIPPING
    • 474 30 It says rising imports to emerging economies such as Latin America are offsetting slower growth in shipments to Europe and the US Bloomberg London CLARKSON plc, the world’s biggest shipbroker, cut forecasts for growth this year in shipping of containers, predicting the weakest increase on
      Bloomberg; REUTERS  -  474 words
    • 374 30 Bloomberg London RENTS for capesize vessels that haul dry-bulk commodities may be set to stabilise after the biggest drop in 15 months on the Australia-to-China iron-ore route, according to Braemar Shipping Services plc. A shortage of the ships loomed in the Atlantic Ocean region even
      Bloomberg  -  374 words
    • 256 30 Bloomberg London EARNINGS for the largest crude carriers hauling two million barrels of Persian Gulf oil to Asia turned positive as rising demand shrank a glut of ships. Very large crude carriers (VLCC) on the benchmark Saudi Ara-bia-to-Japan route are earning US$554 a day,
      Bloomberg  -  256 words

  • AVIATION
    • 672 31 Fuel expenses, unease over economy cited as reasons for decline in profits AFP Singapore HEFTY falls in earnings for aviation giants Singapore Airlines (SIA) and Emirates are the clearest signs yet of fresh turbulence just three years after the 2008 financial crisis wreaked havoc,
      AFP; BLOOMBERG  -  672 words
    • 333 31 AFP Sydney EMBATTLED Australian carrier Qantas said yesterday that it would splurge A$20 million (S$26.3 million) on 100,000 free air tickets in a bid to win back passengers after the shock two-day grounding of its global fleet. Some 70,000 travellers were stranded in 22 cities
      AFP  -  333 words
  • Page 31 Miscellaneous
    • 308 31 CRYPTIC CROSSWORD Across 1 Perhaps a recital to be broadcast (7) 5 Rodent in middle of the stream, swimming (7) 9 Provide with witty remark after end of lecture (5) 10 Fully informed until race (2,2,5) 11 Socially acceptable behaviour in conference (10) 12 Artist left after nothing said (4)
      308 words

  • DINING OUT
    • 994 32  -  NEW RESTAURANT By Debbie Yong debyong@sph.com.sg Pasha 64 Aliwal Street, Singapore *****0 Z6723-7117 Mon to Sat 12-2.30pm and 6.30-10.30pm (restaurant); 5pm till closing (bar) MENTION Moroccan restaurant in Kampong Glam, and one is likely to think of a dimly lit den of patterned
      994 words

  • MARKETS
    • 82 33 Nov 4 COCOA (£/tonne) Close Prev High/Low Dec 11 1677 1682 1696/1676 Mar 12 1700 1706 1719/1700 May 12 1714 1721 1734/1715 Jul 12 1729 1737 1748/1733 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1763 1795 1796/1750 Jan 12 1806 1841 1847/1800 Mar 12 1840 1874 1874/1838 May 12
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    • 128 33 As on 04 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT DEC2011 1764.40 1751.00 1755.90 159 SILVER FUT DEC2011 34.715 34.005 34.075 35 CURRENCY AUD-USD FUT DEC2011 1.0357 1.0264 1.0347 2898 EUR-USD FUT DEC2011 1.3870 1.3709 1.3782 9149 GBP-USD FUT
      128 words
    • 66 33 Nov 4 GOLD (US$/oz) Nov 03 Nov 04 Hong Kong 1732.*****4.00 Nov 04 Nov 03 London 1754.*****8.49 1755.*****9.70 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.93 43.26 Source: UOB PLATINUM Lon (US$/oz) Nov 04 Close Previous PM Fix 1623.*****5.00 AM Fix 1640.*****5.00 Source: Thomson Reuters PLATINUM /NYMEX
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    • 93 33 Nov 4 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 11 1212.*****9.*****0.*****1.00 Jan 12 1221.*****7.*****1.*****8.75 Mar 12 1230.*****6.*****0.*****8.00 May 12 1238.*****5.*****8.*****7.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 11 51.87 52.03 52.13 51.61 Jan 12 52.13 52.30 52.40 51.90 Mar 12 52.46 52.65 52.70
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    • 57 33 Nov 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 3005 3023 3023 3000 102 876 Dec 11 3000 3021 3021 2990 873 ***** Jan 12 2998 3013 3020 2988 8706 ***** Feb 12 3002 3020
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    • 81 33 Nov 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.02.2012 0.29 1-Year BY*****W 01.11.2012 0.29 0.25 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.32 103.36 103.36 5-Year N*****0W 1.125 01.04.2016 102.37
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    • 154 33 Nov 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3149 1.3171 1.0389 1.0398 Canadian dollar 1.2500 1.2519 0.9876 0.9883 Euro 1.7472 1.7487 1.3804 1.3805 NZ dollar 1.0052 1.0069 0.7942 0.7949 Sterling pound 2.0258 2.0280 1.6005 1.6010
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    • 75 33 Nov 3 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.61 -0.40 WTI (Near Mth) 94.27 1.58 Dubai (1-Mth F) 104.51 0.03 Tapis blend 115.91 0.13 Minas 110.11 0.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.61 -2.11 Jet Kerosene 124.90 -1.85 US$/barrel Opec Oil Basket Price
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    • 373 33 In local curr In S$ In US$ dy yr dy yr dy yr Nov 4 Index Change Change Change Change Change Change World Preliminary 831.2 -0.6 -7.4 -1.0 -7.3 -0.6 -6.3 ‡EAFE Preliminary 688.5 0.1 -14.0 -0.2 -12.5 0.1 -11.6 Europe Preliminary 1016.8 -1.0 -13.0
      373 words
    • 118 33 Nov 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.348 1.284 Can dollar 1.276 1.227 Euro 1.779 1.711 Sterling pound 2.063 1.984 NZ dollar 1.034 0.985 US dollar 1.282 1.233 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • 69 33 Nov 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2119.25 2124.50 3 months 2140.00 2146.00 Copper, Grade A (US$/tonne) Cash 7852.25 7901.50 3 months 7870.00 7915.00 Lead (US$/tonne) Cash 2027.00 2014.50 3 months 2048.00 2035.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article, Illustration
      84 33 YTD change:-10.72% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:-13.86% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: -9.96% 52-week high: 3,186.72 on Nov 11,2010 52-week low: 2,307.15 on Oct 24,2011 Source:
      Source: Bloomberg  -  84 words

  • BizIT
    • 857 34  -  The cloud is the best way to engage and benefit from this Internet-savvy generation of consumers you say By Lionel Lim ~The author is Asia-Pacific president of CA Technologies MY kids grew up with the Internet. They blog. They tweet. They are on Facebook. They
      857 words
    • 475 34 AFP San Francisco MAJOR Yahoo! investor Daniel Loeb on Friday called for co-founder Jerry Yang to be ousted from the floundering Internet firm’s board of directors. Mr Loeb called for the purge as he notified the US Securities and Exchange Commission that his
      AFP  -  475 words
    • 110 34 AFP Tokyo A JAPANESE supercomputer has broken its own record as the world’s fastest machine by performing 10 quadrillion calculations per second, its developers announced. The “K Computer”, which has more than 88,000 central processing units the computer’s “brain”– comparedwiththe fewer than four in
      AFP  -  110 words
    • 1024 35  -  Companies need to translate the value of CRM investments to sales people on the ground By Victoria Ho vhoip@sph.com.sg TODAY, retail customers are completely plugged in to information on products and services around them. This makes it difficult for shops to
      1,024 words
    • what’s up
      • 58 35 CANON has taken its first steps into the motion picture production industry with a digital cinematography range, called the Cinema EOS System. The Japanese firm kicked this off with the release of seven EF Cinema lenses, two digital video camcorders and a digital SLR
        58 words
      • 64 35 LOCAL firm, Third Wave Power, has launched the mPowerpad, a portable solar charger. It is targeted at users out in the field, and carries functions such as a flashlight, ultrasonic insect repellent and an AM/FM/SW radio. It will charge phones, tablets and cameras, and
        64 words
      • 55 35 HP has announced two 3D display products aimed at consumers. The first is the HP 2311gt 3D LCD monitor, a 23” display priced at $399. The second is an all-in-one touchscreen PC, the TouchSmart 620 3D PC. It will be available in
        55 words
      • 38 35 SAMSUNG has released the NX200 mirrorless interchangeable lens compact camera, which packs in a 20.3 megapixel APS-C sensor. It is capable of panoramic shots and can convert the shot to 3D as well.
        38 words
      • 52 35  -  Compiled by Victoria Ho CANALYS has opened an office in Shanghai, its second in the Asia-Pacific after Singapore. It also operates out of Reading, UK and California. Its Apac headquarters remains Singapore, and the new China premises will initially focus on the country’s
        52 words
    • 961 36  -  Telecoms service provider raising headcount here, using local presence as springboard to Asia-Pacific. By Amit Roy Choudhury amit@sph.com.sg GLOBAL telecoms player Tata Communications, which earlier this year got International Headquarters (IHQ) status, is ramping up its presence by increasing its Singapore headcount by
      961 words
    • 300 36 AFP New York THE voice-activated Siri assistant on Apple’s iPhone 4S is a direct challenge to Google’s search engine, chairman Eric Schmidt said. “Apple has launched an entirely new approach to search technology with Siri, its voice-activated search and task-com-pletion service
      AFP  -  300 words