The Business Times, 23 April 2012

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Total Pages: 36
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, April 23, 2012
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  • 743 1  -  Skills upgrading, job restructuring and re-training seen to be more effective By NISHA RAMCHANDANI [SINGAPORE] Skills upgrading, job restructuring and re-training are more effective ways of getting workers to move up the value chain than wage shock therapy, which may
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  • 752 1  -  Weak freight market, high fuel costs spur scrapping of ships that are no longer viable By LYNN KAN [SINGAPORE] Not all shipyards are faced with thinning contract books and mulling over how to fill their docks in the coming years. Ship scrapping or ship
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  • MARKETS DIGEST
    • 56 1 Weekly Change ST INDEX 2,994.48 +6.66 KL COMP 1,591.85 -11.27 NIKKEI 225 9,561.36 -76.63 HANG SENG 21,010.64 +309.60 SET INDEX 1,194.60 +25.15 JAKARTA COMP 4,181.37 +22.09 MANILA COMP 5,156.46 +59.16 SEOUL COMP 1,974.65 -34.26 SHENZHEN B 653.68 -3.08 MUMBAI IND 17,373.84 +279.33 DOW 13,029.26 +179.67 NASDAQ 3,000.45 -10.88 S&P500
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    • 21 1 BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.035 JAPAN 1.475 KOREA Source: Bloomberg
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    • 49 1 us$ s$ US$ (S$ per US$) 1.250 (US$/S$ per 1.607 2.008 EURO (US$/S$/E) 1.317 1.646 Foreign currency per US$ S$ YEN 81.60 65.30 RM 3.068 2.455 HK$ 7.761 6.211 BAHT 30.93 24.75 RUPIAH 9,184 7,349 RENMINBI 6.309 5.049 INDIAN RUPEE 52.04 41.65 A$ 0.967 0.774 NZ$ 1.229 0.983
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  • Page 1 Advertisements

  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 76 2 NOT all shipyards are faced with thinning contract books and mulling over how to fill their docks in the coming years. Ship scrapping or ship recycling yards have been enjoying the opposite fortunes of shipbuilders. Some ship brokers are expecting 2012 to be another boom
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      • 42 2 SKILLS upgrading, job restructuring and re-training are more effective ways of getting workers to move up the value chain as wage shock therapy may not translate to higher productivity, top management of Singapore-based companies say.
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      • 56 2 FOR the US bull market, “expectations” are the only gauge that counts, particularly in these peak weeks of earnings season. If Friday’s bullish move is to continue, the Federal Reserve’s actions, US economic data, the French election, Apple earnings or all of the
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      • 34 2 THE worst is likely over for Europe, but financial markets worldwide will stay volatile for years to come, says a senior executive at Morgan Stanley’s investment management unit.
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      • 52 2 COMPANIES in Asia are buying too little insurance for their assets, and it may be too late when they realise this. Sums insured on assets in the energy, petrochemical and telecommunications sectors are on average 30 per cent below true replacement values, said insurance
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      • 82 2 INDONESIA is still discussing an export tax on thermal coal for this year, as it seeks to boost revenues and investment in the country’s mining industry, a trade ministry official said on Friday. An official with the ministry of energy and minerals for
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    • 766 2  -  Apple’s report card is another key event that can affect market sentiment WALL STREET INSIGHT By ROB CURRAN FOR the US bull market, “expectations” are the only gauge that counts, particularly in these peak weeks of earnings season. Last Wednesday, IBM Corp
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    • 498 2 They help raise IMF crisis fund by US$430b AFP [WASHINGTON] The International Monetary Fund wrapped up meetings here on Saturday with its coffers to fight the eurozone crisis US$430 billion richer. But it also collected a message from the emerging economies that contributed that
      AFP  -  498 words
    • 535 4  -  Asian outlook the brightest while US recovery is also gaining steam, says Morgan Stanley analyst By CONRAD TAN [SINGAPORE] The worst is likely over for Europe, but financial markets worldwide will stay volatile for years to come, says a senior executive at Morgan
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    • 1293 4  -  President claims Repsol not having nation’s interest By ROB CURRAN [DINA HUAPI, Argentina] This hamlet overlooks an ul-tramarine-blue lake next to the alpine resort of San Carlos di Bariloche and the disputed oil prospect of the Nirihuau valley. Unlike most oil
      AP  -  1,293 words
    • 1147 4  -  Not all yards follow strict rules to curb accidents, pollution By LYNN KAN [SINGAPORE] “Who pays when ships are being scrapped?” is a battle-torn question that has been chewed to shreds by shipping interest on the one side, and human rights
      REUTERS  -  1,147 words
  • Page 2 Advertisements
    • 401 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 COMPANY NEWS, PAGE 6 MALAYSIA/INDONESIA, PAGE 16 WORLD GOURMET SUMMIT WORLD GOURMElZS^W Proudly Presented By citibank Owner/Chef DAVID ZHANG XIHE YAYUAN (Peking Roast Duck Restaurant) Beijing David Zhang's style of cooking embraces tradition coupled with culinary fashions of
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  • Page 4 Advertisements
    • 81 4 GROUP TOUR SPECIALIST Retreats Meetings Team Building Incentive Tours Taylormade Golf Trips East West Malaysia Hong Kong Indonesia Thailand Vietnam Cambodia Macau China We are looking forward to get a challenging assignment from you Luxury Tours Travel Pte Ltd mice@luxury.com.sg s www.luxury.com.sg 3 Tel: 6309 0850 DB Platinum Branchen Stars
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  • Page 5 Advertisements
    • 49 5 A//? Europe's Best Airline A STAR ALLIANCE MEMBER Dining room. 1 B Living room. Bedroom. v BUSINESS CLASS Full flat-bed seats, best in-flight entertainment and Flying Chef service. Fly to more than 200 destinations via Istanbul with our A330-300 and B777-300 ER aircraft. turkishairlines.com 6732 4556 TURKISH (jf% AIRLINES
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  • COMPANY NEWS
    • 402 6  -  Incidence of large losses set to rise, given frequency of natural disasters By EMILYN YAP COMPANIES in Asia are buying too little insurance for their assets, and it may be too late when they realise this. Sums insured on assets in the energy, petrochemical
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    • 369 6  -  By NISHA RAMCHANDANI SINGAPORE-BASED rubber plantation group GMG Global posted a 24.5 per cent slide in net profit to $11.68 million for the first quarter ended March 31, 2012, while revenue was flat at $282.64 million. Tonnage sold was 62,674 tonnes in
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    • 2343 6 Payment Ex Books Pay Ann (cts) date close date date 8Telecom Intl bn 0.053 30-Apr 03-May 21-May 05-Apr ABR Hldgs ak 1.000 04-May 08-May 28-May 13-Apr Action Asia ak 0.800 14-Jun 18-Jun 28-Jun 28-Mar Adampak Ltd ak 1.000 08-May 10-May 25-May 01-Mar Adv Integrated Mft ak 0.180 07-May
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    • 712 9  -  HOCK LOCK SIEW By KENNETH LIM YOMA Strategic Holdings will soon seek shareholder approval for a proposed rights issue and acquisition, even as its shares hover near record highs after a remarkable climb over the past few months. But as promising as
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    • 343 9 Apr 20 BANKS Agricultural Bank Of China ANZ Banking Group Arab Bank PLC Banco Bilbao Vizcaya Argentaria, S.A .5.5 6 .5.5 6 6 Bank Julius Baer Co, Ud(S)..,. 5 Bank of America NA 5 .5.5 Bank of Communications 5.5 Bank of East Asia .5.75 Bank of India
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    • 575 9 COMPANY MEETING PLACE DATE TIME Asiamedic A 350 Orchard Road, #08-00 Shaw House, Singapore *****8 21-Apr 9.00am Ying Li A Meeting Room 309, Level 3 Suntec Spore Intl Convention Exhibition Centre, 1 Raffles Boulevard Suntec City Singapore *****3 23-Apr 9.00am Food Junction A Taurus Room Level 1, Marina
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  • Page 6 Advertisements
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    • 59 6 Jrrpqve Your? I Financial! Quotient' ass-. IV Morgan TtTT on S-tA to '-Zfa .r V jt* •Mi* iSwaa? <»12BW1B8 0*« i u i\« *r Save almost 40% when you subscribe to The Business Times Sharelnvestor! Promotion ends 6 May 2012. Act now! To subscribe, please call 6388 3838 or email
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  • Page 7 Advertisements
    • 137 7 OPENING OF OFFSHORE MARINE LOGISTICS HUB ENHANCING CAPABILITIES FOR FURTHER GROWTH Keppel Telecommunications Transportation has doubled its Keppel Logistics warehouse area at 44 Benoi Road to 19,800 sm to meet increasing demand. Customised to serve as an offshore and marine logistics hub, the warehouse is equipped with modern material handling
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  • SINGAPORE MARKETS
    • 686 8  -  STOCKS R SIVANITHY Senior Correspondent YOU’D have to wonder how long it’ll be before Europe’s resurgent sovereign debt problems are felt here and whether France will follow Spain. You’d also have to wonder how much longer punters, house traders and dealers trading
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    • 569 8 CURRENCIES Bloomberg [NEW YORK] The yen lost the most against the euro since February amid speculation the Bank of Japan will add further stimulus next week even as global growth accelerates. Sterling had its biggest weekly gain versus the dollar in
      Bloomberg  -  569 words
    • 634 8 COMMODITIES AFP [LONDON] Commodity prices saw mixed fortunes this week as traders tracked concerns over the world economic outlook driven by fresh debt tensions in the eurozone, most notably Spain. “Commodity prices have posted widespread and broad-based price weakness over the week,” said Barclays
      AFP  -  634 words
    • 1477 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Cap Ind REIT 2.00 2.00 2 9.70 12.17 1.42 1.18 Amtek Engg 2.20 2.40 5 0.07 8.29 0.90 0.71 ARA Asset Mgt 1.50 1.50 10
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    • 4 8 WEEKLY
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    • 66 8 Apr 20 VALUE CLOSE BT OB/OS -34.00 +67.00 BT CADI -*****.00 +74.00 BT 10-day MA -*****.00 -4.00 FTSE ST Mid Cap 691.23 +0.32 FTSE ST Small Cap 465.56 +0.38 FTSE ST All Share 724.84 -2.52 FTSE ST China Top 221.83 -1.37 FTSE ST China 254.50 -1.05 FTSE
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    • 57 8 VOLUME JEL Corp 814,874,000 MDR 786,739,000 SingXpress 772,564,000 HLH Grp 658,309,000 Digiland 614,424,000 TT Intl 441,460,000 Golden Agri 370,333,000 IPCO Intl 348,569,000 Sin Heng 280,327,000 UPP 261,627,000 VALUE($) Golden Agri 277,617,349 Keppel Corp 255,064,110 Genting SP 222,839,991 Noble Grp 216,089,858 DBS Grp 201,806,504 SingTel 195,097,481 SembMar 185,160,919
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    • 119 8 BY CENTS CLOSE UP DBXT iBoxxSing 5SG$ ***** 332.0 2.7 DBXT MSEurope 10US$ 4320 172.4 3.3 DBXT SPASX200 10US$ 3440 135.0 3.2 DBXT MSUSA 10US$ 3377 78.7 1.9 DBXT AUD Bonds 5AU$ ***** 68.5 0.3 Hyflux 6% CPS 10 ***** 50.0 0.5 IS S&P500 ***** 48.7 0.3 DBXT FTChina25
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    • 123 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -358.6 -1.8 JMH 5055 -196.2 -3.0 DBXT MSKorea 10US$ 5749 -148.7 -2.0 DBXT Nifty 10US$ ***** -92.5 -0.7 DBXT DBCBDJUBS 10US$ 3252 -90.0 -2.2 DBXT MSTaiwan 10US$ 1737 -67.5 -3.0 Lyxor LatinAmerica 1 778 -61.2 -5.9 JSH 3231 -51.2 -1.3 OCBC Bk
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    • 5 8 WEEKLY
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    • 1836 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying fell while the selling among directors was flat for the sixth straight week, based on filings on the Singapore Exchange in the third week of April. Buyers outweighed
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  • Page 9 Advertisements
    • 110 9 Trade beyond borders That’s what participants in international commerce can do when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies doing business around the world come to us to manage virtually every kind of risk. Changing currency valuations, energy costs,
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  • Page 10 Advertisements
    • 722 10 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS Who should attend: Sales Managers, Account Managers/ Executives, Social Media Specialists, PMEBs, Directors, Team Leaders and other General Management Professionals Register at www.stjobs.sg/seminars STJOBS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) 25 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00
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  • SINGAPORE NEWS
    • 1022 11  -  Retail spaces are becoming showrooms for online stores By ANNA LEE THE lines are blurring between what is offline and online. With increasing ambiguity between the online and offline worlds of retail, there begs the need for a more relevant response of merchants
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    • 343 11  -  By KELLY TAY in Hanoi PRESIDENT Tony Tan Keng Yam arrives in Vietnam today for his inaugural state visit since assuming office on Sept 1, 2011. Dr Tony Tan’s trip comes just seven months after his Vietnamese counterpart, President Truong Tan Sang, made
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    • 151 11 ELEVEN passengers were caught in a stalled LRT train between Bukit Panjang and Senja stations yesterday afternoon. In a statement, train operator SMRT said that at about 4.45pm yesterday, train service for services A and C at Bukit Panjang was disrupted due to a train
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  • Page 11 Advertisements
    • 199 11 It's never wise to make hasty investment decisions. Making the right call is about having vital information at your fingertips. Saxo offers real-time streaming news, in-depth global market analyses by in-house strategists, and comprehensive charting tools all on a robust, secured and multi-asset trading platform. So you can take the
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  • VIEWS FROM THE TOP
    • 3004 12 THIS WEEK’S TOPIC: Does Prof Lim Chong Yah’s wage restructuring proposal adequately address the challenges of income inequality and low productivity? What really needs to be done to combat these twin problems? Vaidyanath Swamy Managing Director Procter Gamble WAGES should be determined by market forces.
      BLOOMBERG  -  3,004 words

  • Page 13 Advertisements
    • 222 13 reinventing Business Strategies FIND US ON il! Yoild "'"CMS f SgjgT* 0 *N* tssgr csis*-^ Wmvites and «®vr s^Ato er.-S.’Sfc cn\°Y c0 s at^e SS*-* Fancy being a VIP at a blockbuster attraction before everyone else? Getting invited to an A-list artist showcase? Cooking with Michelin-star chefs? S DQ apps.h1.servy.net/rwsv2/tabletav.htm
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    • 11 13 For the complete list of views from CEOs, go to http://businesstimes.com.sg
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 922 14  -  Experience shows that good ideas and early success aren’t enough. What does it take for companies to stay on top? ANIL K GUPTA and HAIYAN WANG find out ANIL K GUPTA, HAIYAN WANG Anil K. Gupta is the Michael D Dingman chair in strategy
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    • 1219 14  -  Gspot offers tools for firms to propagate branding and market wares and promotions, reportsLIM STARTING YOUNG LIM WEI SHENG MERCHANTS and businesses looking to achieve deeper connections with customers can perhaps score a home run now by harnessing Gspot. The online marketing platform
      ARTHUR LEE  -  1,219 words
  • Page 14 Advertisements
    • 162 14 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • ECONOMY WATCH
    • 648 15 Bank’s current head favourite to be named to a second four-year term: FT AFP [LONDON] A battle for the presidency of the European Bank for Reconstruction and Development (EBRD) is in full swing ahead of its annual meeting next month, with current head
      AFP; PHOTOS: AFP  -  648 words
    • 812 15 Action this week will likely focus on its 1% inflation target Reuters [WASHINGTON] Bank of Japan governor Masaaki Shirakawa has been doing his best to keep in check expectations of major new stimulus by the central bank this week. Three times during
      Reuters; REUTERS  -  812 words
    • 449 15 Shareholders feel performance has been below-par AFP [LONDON] Some of the world’s biggest banks face increased pressure from institutional shareholders to curb the pay and bonuses of top executives amid severe under-performance following the financial crisis. Barclays chief executive
      AFP  -  449 words
  • Page 15 Advertisements
    • 79 15 Discover a new dining philosophy with Michelin-Starred CHEF FERGUS HENDERSON Exclusively from 25 27 April 2012 IndulgeinthegastronomicdelightsofSt.JohnRestaurant fromLondon,asMichelin-StarredChefFergusHenderson bringshissignaturemenutoOsiaatResortsWorld™Sentosa. RelishsignaturedishessuchasRoastBoneMarrowand ParsleySaladamongotherexquisitecreationsbasedon theMasterchef’s‘NosetoTailEating’philosophy, whichhasbroughthimcriticalacclaimforputtingoffal andotherneglectedcutsofmeatbackonupscalemenus. Don’tmissthisexclusive3-dayshowcaseofBritishcuisine whippedupbytheMasterchefhimselfinconjunctionwith WorldGourmetSummit2012.Makeyourreservationsnow toavoiddisappointment. Exclusive World Gourmet Summit Menus available from 25 27 April 2012 4-course Lunch at $78++ Additional $38++with wine pairing 5-course Dinner at
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  • MALAYSIA/INDONESIA
    • 600 16 Proposal not ruled out as reported earlier, clarifies trade ministry Reuters [JAKARTA] Indonesia is still discussing an export tax on thermal coal for this year, as it seeks to boost revenues and investment in the country’s mining industry, a trade ministry official
      Reuters; AFP  -  600 words
    • 602 16  -  Even as justice plays out in the courts, action is needed to take project forward MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent MORE recrimination is in the air regarding the beleaguered Port Klang Free Zone (PKFZ) project. The project first
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    • 1716 16 VOL Apr 20 RM +/-(‘000) A M Realty 0.45 unch 0 VOL Advance Synerg 0.19 0.01 6391 Adventa Bhd 1.45 -0.01 27 Ae Multi Hldgs 0.28 0.01 269 Affin Holdings 3.11 unch 291 Ahmad Zaki Res 0.81 -0.01 52 Abric Bhd Airasia Bhd 3.50 unch 6940 Alliance Finan
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  • Page 16 Advertisements
    • 1113 16 BgAIS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices if HypoVereinsbank Member of UniCredit UniCredit Bank AG, Head Office: Kardinal-Faulhaber-Strasse 1, D-***** Munich, Germany. Telephone (089) 378-*****, -***** Singapore Branch: 30 Cecil Street #25-01 Prudential Tower, Singapore *****2 Tel: 6413 3688 Consolidated Balance Sheet at December 31, 2011 Consolidated Income Statement
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  • Page 17 Advertisements
    • 2654 17 Financial ResultsYear Ended 31 December 2011 SUMMARISED FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2011 The following Financial Statements contain only a summary of the information in the full financial statements and directors’ reports of DBS Group Holdings Ltd and its subsidiaries (the Group) and DBS Bank Ltd (the
      2,654 words

  • GREATER CHINA/INDIA
    • 760 18 Chongqing’s new regime scrutinising ousted party leader’s ‘legacy’ Bloomberg [BEIJING] Following the ouster of Chongqing Communist Party chief Bo Xilai, the city’s new leaders are reining in projects financed by as much as one trillion yuan (S$198 billion) in borrowing.
      Bloomberg  -  760 words
    • 321 18 Reuters [WASHINGTON] The United States believes a Chinese firm sold North Korea components for a missile transporter showcased in a recent military parade and will press Beijing to tighten enforcement of a UN ban on such military sales, a
      Reuters  -  321 words
    • 726 18 Move to drive 2-way capital flows, speed up currency hedging Reuters [BEIJING] China is poised to boost quotas on outbound investment schemes to US$100 billion and cut barriers to moving foreign currency in and out of the country in a series of
      Reuters  -  726 words
    • 496 18 Reuters [BEIJING] China’s military warned the United States on Saturday that US-Philip-pine military exercises have raised risks of armed confrontation over the disputed South China Sea, in the toughest high-level warning yet after weeks of tension. China’s official Liberation Army Daily
      Reuters; REUTERS  -  496 words
    • 474 18 AFP [NEW DELHI] India’s Finance Minister Pranab Mukherjee has defended the South Asian country as an attractive place to invest, despite controversial plans to make foreign companies retroactively liable for taxes. Mr Mukherjee sought to calm the row over proposed legislation to
      AFP; AP  -  474 words
    • 399 18 Bloomberg [NEW DELHI] India’s government must do more to narrow its budget deficit to promote long-term growth and tame inflation, Reserve Bank of India governor Duvvuri Subbarao said. “In India, it’s not growth versus austerity, but austerity for growth,” Mr
      Bloomberg  -  399 words

  • WORLD
    • 707 19 King says sorry for expensive hunting trip amid hard times faced by his people AFP [MADRID] Not sated by devouring millions of jobs, Spain’s economic crisis has now infected areas previously thought immune: its beloved royal family, its regional politics and its
      AFP; AP  -  707 words
    • 448 19 This hits chances of meeting European deficit targets Reuters [THE HAGUE] The Netherlands appears to be heading for early elections after budget talks in the core eurozone member collapsed, jeopardising its chances of meeting European deficit targets and of approving a broader fiscal
      Reuters  -  448 words
    • 396 19 Bloomberg [ROME] Spain and Italy will be downgraded by Moody’s Investors Service and Standard Poor’s (S&P) this year as the recession and debt crisis worsen, economists and strategists at Citigroup Inc said. Their credit ratings, along with those of Ireland and Portugal,
      Bloomberg  -  396 words
    • 442 19 Reuters [MANAMA] Formula One (F1) champion Sebastian Vettel returned to the top of the standings yesterday with Red Bull’s first victory of the season in a lively Bahrain Grand Prix that went ahead without incident despite protests against it. The 24-year-old German’s
      Reuters; AP  -  442 words
    • 522 19 NYT [NEW YORK] It may be a tiny Chinese educational company worth a little more than US$200 million, but the ChinaCast Education Corp has found itself embroiled in a battle worthy of a John Grisham novel. Its ousted chief executive Ron
      NYT  -  522 words
    • 809 20 FBI had stepped in to help as hackers took over thousands of computers AP [WASHINGTON] The US Federal Bureau of Investigation has warned that more than 300,000 infected computers worldwide will not be able to connect to the Internet after July 6
      AP  -  809 words
    • 514 20 Unit’s top brass was aware of graft and tried to cover it up AFP [NEW YORK] Walmart, the world’s largest retailer, covered up a probe of its own widespread corporate bribery in Mexico, The New York Times reported, citing its own review. Back in
      AFP; REUTERS  -  514 words
    • 264 20 Reuters [ROME] Italy will no longer allow directors or executives of competing financial services firms to sit on each others’ boards or committees, in a bid to stamp out conflicts of interest. The “interlocking” ban will apply to financial services and insurance companies with
      Reuters  -  264 words
    • 742 20 But moves should be made prudently and gradually: observers Xinhua [BEIJING] As China accelerates bold steps to live up to its ambition of a global yuan, London’s emergence as a leading Western hub for offshore yuan trading is likely to
      Xinhua; AP  -  742 words
    • 239 20 Bloomberg [LONDON] Aviva plc, the UK’s second-biggest insurer by market value, said the company’s investment unit mistakenly sent an e-mail dismissing its entire staff before retracting the message. The e-mail, which was sent by the Aviva Investors human resources department to
      Bloomberg  -  239 words
    • 876 21  -  Tokyo to provide 600b yen over next three years to boost region’s growth By ANTHONY ROWLEY in Tokyo JAPAN is poised to raise its economic and political profile sharply in the Greater Mekong region of Southeast Asia as a result of an act
      AFP  -  876 words
    • 596 21 Metal at 3-month low on concerns of slow China demand Bloomberg [LONDON] One unidentified company holds up to 89 per cent of copper stockpiles, equal to US$1.46 billion, in warehouses monitored by the London Metal Exchange (LME), the largest such position
      Bloomberg  -  596 words
    • 883 21 Reuters [WASHINGTON] Russian consumers, in the days of the Soviet Union, could spend years on a waiting list to buy a car. Now, Russia is poised to become the biggest car market in Europe and US President Barack Obama wants US
      Reuters; REUTERS  -  883 words
    • 606 21 Reuters [MADRID] Spain has announced that it will curtail multimillion-dol-lar imports of biodiesel from Argentina in retaliation against the Latin American nation for seizing control of Spanish-owned energy company YPF. The Spanish industry ministry will soon approve the biodiesel plan, Deputy Prime Minister
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  • Page 19 Advertisements
    • 633 19 WATS3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GLOBAL TRUST HOLDINGS PTE. LTD. Company Registration No. *****3159H (In Voluntary Liquidation) FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that the Final General Meeting of
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  • AVIATION/SHIPPING
    • 690 22 Boeing and Airbus secure billions of dollars in orders over the past year AFP [JAKARTA] Buoyed by rapid economic growth, Indonesia has become a bonanza for international plane makers who are booking some of the world’s biggest sales as Western airlines suffer
      AFP  -  690 words
    • 436 22 Coalition rifts delay decision on buying into local carriers Bloomberg [NEW DELHI] India may delay a decision to allow foreign airlines to buy stakes in local carriers until Prime Minister Manmohan Singh reaches a consensus with his political allies on the rule change.
      Bloomberg  -  436 words
    • 383 22 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, rose for the eighth day on Friday, as a surge in Atlantic and Pacific fixture activity pushed up panamax vessel rates. The overall index, which gauges the
      Reuters  -  383 words
    • 253 22 SGX '000 Apr 19 S$ +/-Vol CH Offshore 0.47 0.03 4945 Chuan Hup Hldg 0.24 0.01 522 Cosco Corp 1.09 unch 4398 s$ First Ship Lea 0.21 unch 557 Freight Links 0.07 unch ***** Grand Banks 0.19 0.01 20 Jaya Hold Ltd 0.55 -0.01 120 K1Ventures 0.10 unch
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  • Page 22 Advertisements
    • 373 22 IS THE SINGAPORE SHIPPING CONFERENCE 2012 Facing Headwin Stress Tests Thursday, 26 April 2012 9.00 am to 6.00 pm Marina Bay Sands Exp and Convention Center Complete Corporate Services Pte LtJK'ill be hosting the Singapore Shipping Conference 2012 on Thursday, 26 April 2012 in conjunction with the Singapore Maritime Week
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  • Page 22 Miscellaneous
    • 322 22 CRYPTIC CROSSWORD Across 7 The excitement of disheartened girl prior to affair in Paris (7) 8 Hood’s weapon is extended before show of deference (7) 10 Baubles to draw in books (9) 11 City involved in business English? (5) 12 Out of practice in game with pen (5) 13 Band
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  • MARSIM 2012
    • 816 23  -  The conference aims to promote the use of simulation in the maritime sphere, reportsVINCENT VINCENT WEE SINGAPORE’S status as an International Maritime Centre of excellence will be enhanced when the 12th Marsim conference is hosted in conjunction with the Martech conference at the
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    • 467 24  -  The IMSF promotes globally, the use of ship-handling simulators for training and research, reports Vincent wee VINCENT WEE THE International Marine Simulator Forum (IMSF) was set up in the late 1970’s, when marine simulators became a popular training method for increasing vessel safety and
      467 words
    • 343 24  -  MARTECH CONFERENCE By VINCENT WEE THE Martech conference is a biennial event organised by the Singapore Maritime Academy (SMA) at Singapore Polytechnic, with the objective of bringing maritime professionals and businesses to network and share experiences on the application and advancement of marine technology
      343 words
    • 1541 25  -  SMA of S’pore Polytechnic keeps up with the latest technology while it trains manpower for the maritime industry. SMA CELEBRATES 55 YEARS IN MARITIME EDUCATION TRAINING By VINCENT WEE ON its 55th anniversary, the way forward for Singapore Maritime Academy (SMA) of Singapore Polytechnic is to
      1,541 words
    • 602 25  -  By VINCENT WEE THE Singapore Maritime Academy at Singapore Polytechnic (SP) has been steadily increasing the number and scope of its industry and research tie-ups and collaborations. In particular, SMA has been moving into the field of R&D and the academy
      602 words
    • 104 25 SINGAPORE Maritime Academy at Singapore Polytechnic has had a long and well-established history in the field of maritime training and celebrates its 55 years in maritime education and training (MET) with a new logo, launched today. The new logo is a symbol to represent
      104 words
    • 922 26  -  It offers degree-level courses in such collaborations in keeping with the trend towards higher education, reports Vincent wee VINCENT WEE FROM the old to the new, the range of courses offered at the Singapore Maritime Academy (SMA) has always striven to meet
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    • 946 27  -  It offers scholarships, learning camps and immersion programmes to bring the world into the classroom. By Vincent wee By VINCENT WEE WHILE a maritime career is being seen as an increasingly attractive proposition, Singapore Maritime Academy and others within the maritime industry still put
      946 words
    • 859 28  -  New simulation centre at S’pore polytechnic is a collaboration among Force Technology, SMA and MPA, reports Vincent wee VINCENT WEE SINGAPORE’S maritime research and development facilities will get another boost with the setting up of Simulation@SMARTFORCE within the Singapore Maritime Academy (SMA) at the
      859 words
  • Page 23 Advertisements
    • 99 23 Congratulations to SMA SINGAPORE POLYTECHNIC on the launch of MARSIM 2012 EXHIBITION! i m »0«eiiTES WITH SM'iaHi 53 SINGAPORE POLYTEC We are proud to be part of the global movement towards achieving Green Shipping standards, in the efforts to address the concerns of global warming. Principal Sponsors Cc-mar) Vi GROUP
      99 words

  • Page 24 Advertisements
    • 338 24 r TECHNOLOGY Virtual Is Now Reality At Singapore Polytechnic With SMARTFORCE Developed by FORCE Technology and Singapore Maritime Academy, SMARTFORCE marks a new chapter in simulator facilities in Singapore. The much-anticipated new simulator centre features the latest version of SimFlexNavigator software and offers advanced training and port/offshore studies. What is
      338 words
    • 199 24 mmm H tmam mi V Real Quality, Real Results Visit The Kongsberg Maritime Booth at MARSIM Kongsberg Maritime is a major worldwide provider of reliable, high-quality simulators for the maritime, offshore and naval industries. Its simulator technology is built on 40 years of experience, dedication and detailed studies to optimise
      199 words


  • Page 26 Advertisements
    • 438 26 World-Class Services In Today’s Marine Offshore Markets Built on the foundations of quality, value, experience and expertise, C-MAR Group has more than 20 years of experience in addressing the industries’ complex challenges. These fundamental values ensure the Group delivers optimal operational efficiency and guarantees the highest standards of safety, health,
      438 words

  • Page 27 Advertisements
    • 685 27 A100. The highest ever performer in single stage turbocharging. y ii Power and productivity for a better world 1 it III! The high pressure ratios and efficiencies of the A100 turbocharger are enabling IMO Tier II compliance at optimized fuel consumption. Its wide compressor maps facilitate cost effective dual ratings
      685 words

  • Page 28 Advertisements
    • 283 28 projection design® HIGH PERFORMANCE PROJECTORS scientific visualization training and simulation visitor attractions collaboration room control room 3D stereoscopic displays Pioneering Excellence in the Projector Industry A projectiondesign is a Norwegian company that designs and manufactures a range of high performance visual display systems specifically developed for the simulation market. We
      283 words
    • 55 28 Thank you very much to IMSF and its members for allowing Singapore Maritime Academy to host the MARSIM 2012 Exhibition. Our thanks also go to all our esteemed sponsors and delegates for making MARSIM 2012 a great success. We look forward to having your continuous support in MARTECH 2014. SMA
      55 words

  • DINING OUT
    • 824 29  -  NEW RESTAURANT Salt tapas bar #01-22A, Raffles City Shopping Centre 252 North Bridge Road Tel: 6837-0995 By Jaime Ee ANYONE who has ever been enamoured of the Australian dining culture will be able to pick out the recognisable traits easily trendy but not overstyled
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  • Page 29 Advertisements
    • 284 29 reflections Asian leaders speak their minds Aspire to inspire Our Asian leaders are speaking to you! Find out more in Reflections a thoughtfully compiled series of interviews by China Daily Asia Weekly newspapers. ONLY $15 Available at all major bookstores islandwide: Dufry Harris Planerds Kinokuniya MPH Popular Times Newslink HOW
      284 words

  • SINGAPORE STOCKS
    • 2962 30 Week ended: Apr 20 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 123 92.5 AIMSAMPIReit 118cd +1.5 2502 119 115 118 119 1.7 11.9 523.7 M
      2,962 words
    • 237 31 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Low Company 3.7 1.3 t Advanced System 3.2xri -0.1 8533 3.7 2.9 3.1 3.3 42.4 Sale Vol ('000) Week Last Quote Div Gr Yld
      237 words
    • 112 31 Stock name Close Change CapMallsAsia 1.590 +0.005 CapitaLand 2.940 CapitaMall 1.865 +0.010 CityDev 10.560 +0.020 ComfortDelGro 1.520 DBS Grp 13.710 +0.060 F&N 6.800 +0.050 GLP 2.060 -0.020 Genting SP 1.710 -0.005 Golden Agri 0.750 -0.010 Stock name Close Change HK Land 6.240 +0.010 JMH 50.550 -1.140
      112 words
    • 2212 31 Transaction date: Apr 20 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.35 unch 0 Aeon Stores 23.00 unch 2 Angang Steel 5.61 0.02 5982 Anhui Conch 25.75 0.55 ***** Anhuiexpresswa 4.41 0.04 855 Asia Satellite 21.70 unch 1081 Asm Pacific 106.10 -3.10 583 Bank Of E Asia 29.25
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    • 252 31 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 51 32 AVJennings A33 +0.5 7 33 33 33 37 3.6 10.6 2.6 85.9 46 25.5 Genting HK US$ US38.5 unch ***** 39 37.5 38 38.5 2535
      252 words
    • 186 31 MAIN CATLQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 3 0 0 0 5 9 3 Manufacturing 76 86 32 20 7 7 96 93 39 Commerce 35 33 10 8 5 1 43 38 11 Tpt/Stor/Comms 23 18 3
      186 words
    • 1034 31 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 111.5 ABF SG Bond ETF 118 +0.1 50 120 118 116.5 118.5 538.6 103 100 CIMB APAC Div 100US$ US101 unch 1 101 101 101.3
      1,034 words
    • 123 31 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 66,785 66,785 346,372 346,372 Manufacturing 1,885,032 975,976 2,861,008 1,034,946 28,582 1,063,528 Commerce 2,401,552 218,183 2,619,735 564,574 9,591 574,165 Tpt/Stor/Comms 474,423 84,396 558,819 634,785 25,165 659,950 Finance 69,227 55 69,282 523,840 8 523,848 Construction 1,253,720 180,597
      123 words

  • Page 31 Advertisements
    • 26 31 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. The Business Times
      26 words

  • FINANCE & COMMODITIES
    • 601 32 Apr 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9574.99 9580.87 9532.68 Jun12 9630.00 9665.00 9535.00 9560.00 ***** *****4 Sep12 9570.00 9570.00 9545.00 9555.00 92 7886 MSCI TAIWAN INDEX FUTURES SPOT 272.72 272.98 269.12 Apr12 273.80 275.40 268.70 269.70 ***** *****9 May12 273.60 275.10
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    • 107 32 Apr 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1446.75 1415.75 1454.00 1413.00 Jul 12 1449.50 1421.00 1458.75 1418.00 Aug 12 1437.50 1410.50 1446.00 1409.00 Sep 12 1395.75 1375.50 1404.50 1375.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.83
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    • 76 32 CRUDE OIL PRODUCTS Apr 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.55 1.60 WTI (Near Mth) 102.40 -0.24 Dubai (1-Mth F) 115.53 0.82 Tapis blend 124.24 0.63 Minas 124.24 0.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 113.89 0.28 Jet Kerosene 132.42 0.15 US$/barrel OpecOil Basket
      76 words
    • 16 32 Apr 20 ju mr* 1 nyjuMh irmaiMtb < iA'J! 3:avahtll5 6-triaiithi 24e: Source: OCBC
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    • 67 32 Apr 20 Apr 20 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2042.00 2034.50 3 months 2082.00 2074.00 Copper, Grade A(US$/tonne) Cash 8240.00 8094.00 3 months 8192.50 8050.00 Lead(US$/tonne) Cash 2126.00 2077.00 3 months 2125.50 2082.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • 101 32 oi i id www wnH.rom *9 NVSSUI i LVtIIAD Him HH* 11/lVt WliflsbH PRKlOUi MRAi ■jWUmii uniR 1 imi 11 IbV* fl >M(W •it OMttSNCY aud rai fill lifrilV IHW* 1 f NiltiA 1 Uf Mum 1 mu 1 fit* i;n »\W M) «AS£ MFTAi iICHWIUJ •MW
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    • 373 32 In local curr In S$ In US$ dy yr dy yr dy yr Apr 20 Index Change Change Change Change Change Change World Preliminary 898.1 0.5 8.2 0.4 4.6 0.6 8.7 EAFE Preliminary 725.0 0.3 6.3 0.4 3.0 0.6 7.0 Europe Preliminary 1066.9 0.6 3.9
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    • 80 32 Apr 20 COCOA (£/tonne) Close Prev High/Low May 12 1476 1446 1481/1434 Jul 12 1491 1465 1497/1451 Sep 12 1490 1465 1496/1451 Dec 12 1487 1464 1495/1451 COFFEE(US$/tonne) Close Prev High/Low May 12 2033 2010 2049/2009 Jul 12 2056 2023 2070/2020 Sep 12 2055 2029 2069/2025 Nov 12 2038
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    • 1427 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 2 75 1 150 185 13.50 25 Baker Technology Ltd W*****6 3 1.2 10 1 32 11 10.50 7 Best World Intl Ltd W*****5 0.6 1 30
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    • 470 32 Apr 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.028 6.526 0.785 8.028 53.835 94.999 0.844 11.783 3.173 1.271 93.836 44.086 1.293 8.076 0.944 30.522 31.994 0.644 1.034 Canada 0.973 6.347
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    • 54 32 Apr 20 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 9 mths 0.***** 12 mths 0.*****
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    • 136 32 Apr 20 GOLD(US$/oz) Apr 20 Apr 19 Hong Kong 1651.50 1653.00 Apr 19 Apr 19 Apr 20 London 1645.56 1641.21 1646.33 1641.98 Source: Thomson Reuters CAST BAR Apr 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 159 66 5gm 452 331 10gm
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    • 87 32 Apr 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 19-Jul-12 0.28 1-Year BY*****W 01-Nov-12 0.30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.16 100.2 100.2 5-Year N*****0Z 2.375 01-Apr-17 108.86 108.95 108.88
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    • 57 32 Apr 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3495.0 3495.0 3515.0 3458.0 945 6890 Jun 12 3466.0 3489.0 3513.0 3456.0 3866 ***** Jul 12 3458.0 3477.0 3509.0 3444.0 ***** ***** Aug 12 3438.0 3460.0
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    • 154 32 Apr 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2924 1.2927 1.0343 1.0345 Canadian dollar 1.2569 1.2571 1.0059 1.0060 Euro 1.6457 1.6460 1.3171 1.3172 NZ dollar 1.0165 1.0172 0.8135 0.8140 Sterling pound 2.0081 2.0086 1.6071 1.6074
      154 words
    • 123 32 As at 9am Apr 20 Apr 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.324 1.261 Can dollar 1.287 1.226 Euro 1.682 1.602 Sterling pound 2.046 1.968 NZ dollar 1.046 0.997 US dollar 1.269 1.221 Local dollars to 100 units
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    • 157 32 Apr 20 $S Offer Bid 0vernight 0.04 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      157 words

  • Page 33 Advertisements
    • 1195 33 The Business Times Shipping times 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 Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Antwerp/UK Destination STXPO TBN
      1,195 words
    • 523 33 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN ANIARA FF216 06/04 11/04 14/04 16/04 21/04 29/04 TIRRANNA FF217 13/04 18/04 20/04 22/04 28/04 04/05 TALISMAN FF218 20/04 24/04 27/04 02/05
      523 words

  • Page 34 Advertisements
    • 895 34 Shipping Times HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SERVICE Approx transit time ex-Singapore 8 D 9 D 14 D VESSEL~ VOY SIN PKG JEA BND BIK SECOND OCEAN~ HDM0118S~ 20 Apr 21 Apr~
      895 words
    • 698 34 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY~ Ramp(KT)~ Lifting(KT)~ PK~ SIN~ PKL~ KUC~ KK~ JKT KING FISHER 28 60 24/04 25/04 EL MAR VICTORIA 31 60 28/04 30/04 POSITIVE PASSION 32 100 29/04 30/04 03/05 YUSHO CHERRY 5 60 08/05 10/05 MALAYSIA STAR 12 50
      698 words
    • 448 34 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 05/12 IN PORT 24/04 BELITUNG/PKL BALAM VICTORY 6 07/12 IN PORT 25/04 JAMBI/PEKAN BARU SUN FLORA 09/12 24/04 26/04 PALEMBANG/PANJANG FAJAR MAS 04/12 26/04 28/04 BENGKULU/PADANG SIANIRI 04/12 25/04 27/04 BELAWAN/LHOKSEUMAWE SINOPA 07/12 24/04 26/04
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  • Page 35 Advertisements
    • 200 35 m. Hh Spotting the accidents that aren’t accidental. Santam Insurance is one of the largest insurance companies in South Africa, where up to 10% of all claims contain an element of fraud. So together with Olrac SPS, an IBM Business Partner, they developed a solution that offers instant data analysis
      200 words

  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 890 36  - S-E Asia fab capacity to see 11 growth Semiconductor trade body feels investments in 300mm fabs will drive growth in S’pore and rest of region, writesAMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SOUTH-EAST Asia, with Singapore as its hub, is expected to see double-digit growth in semiconductor fab capacity expansion this
      Source: SEMI World Fab forecast reports (April 2012)  -  890 words
    • 452 36 Reuters [NEW YORK] Apple Inc, Google Inc, Intel Corp and four other technology companies were ordered by a judge to face an anti-trust lawsuit claiming they illegally conspired not to poach each other’s employees. US District Judge Lucy Koh in San Jose,
      Reuters; AFP  -  452 words
    • 384 36  -  But 42 per cent of respondents utilising shadow IT solutions By AMANDA EBER DESPITE cloud computing becoming mainstream in the enterprise space, security, compliance and governance concerns still worry companies which haven’t jumped on the cloud bandwagon. The findings from a Hewlett
      384 words
    • <what’s up>
      • 38 36 MOBILE advertising network InMobi has appointed Jayesh Easwaramony as head of business development for Asia-Pacific. He comes from IT analyst firm Frost and Sullivan, where he was vice-president of the ICT practice.
        38 words
      • 57 36 VMWARE has a new general manager for Southeast Asia, Jon Robertson. Mr Robertson will oversee all aspects of the firm’s virtualisation and cloud computing business in the region. He has been with the firm for six years, and comes to Singapore from his
        57 words
      • 38 36 USERS of the BlackBerry Bold 9900 can download the new 7.1 operating system for free. The new update will allow users to use BlackBerry Tag, a contactless method of data transfer.
        38 words
      • 54 36 IBM and the Institute of Systems Science of the National University of Singapore have joined hands to create an “enterprise social business centre of excellence”. This centre will conduct executive seminars starting next month to focus on helping businesses use new technologies to connect
        54 words
      • 45 36  -  Compiled by VICTORIA HO ASUS is giving its Eee Pad Transformer Prime users a free GPS extension in Singapore in order to improve signal reception following users’ complaints. Users can go to http://event.asus.com/ ASUSPad/TF201 GPS to find out more.
        45 words
    • 840 35  -  By VICTORIA HO FOR most large organisations, legacy IT is one of the biggest headaches they have to contend with. Legacy refers to old IT hardware and software applications. Some applications are creaking along on their hind legs but cannot be easily migrated to
      840 words
    • 396 35  -  Firms can use it to raise productivity, foster innovation By AMANDA EBER GAMING and running a business might seem incongruous to most, but according to Sandy Carter, IBM vice-president, social business sales and evangelism, they have much in common. Ms Carter was speaking
      396 words
    • 228 35 AFP [SAN FRANCISCO] The One Pass payment platform for Internet news websites was shut down on Friday as Google continued house cleaning launched when co-founder Larry Page took charge last year. One Pass, which failed to catch on since it launched in February 2011,
      AFP  -  228 words
    • 181 35 AFP [SAN FRANCISCO] Researchers at a Texas university have designed a chip that could give smartphones the long-envied ability of comic book hero Superman to see through walls, clothes or other objects. A team at University of Texas at Dallas tuned a small, inexpensive
      AFP  -  181 words
  • Page 36 Advertisements
    • 207 36 '-I SEMICON Singapore20l2 April 24-26 Marina Bay Sands Expo Convention Center www.semiconsingapore.org Opportunities,Trends, Solutions, Jobs All at SEMICON Singapore 2012 The Most Powerful Semiconductor I 1 1^1 Manufacturing Exposition in Southeast Asia Win an New iPad, PSP Vita Return Tickets to Taiwan!! Be sure to show up to win exciting
      207 words