The Business Times, 7 July 2014

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Microfilm: NL33180
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, July 7, 2014
    25 words
  • Article, Illustration
    Lock icon Prudence the key to FCT’s stability
    900 1  -  Its suburban malls strategy and low gearing cited for Reit’s resilience BY LEE MEIXIAN |eemx@sph.com.sg @Leel\/lei><ianBT [SINGAPORE] When speaking to the CEO of Frasers Centrepoint Trust’s (FCT) manager Chew Tuan Chiong, one senses the caution and prudence with which he runs the suburban retail
    PHOTO: ARTHUR LEE  -  900 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      57 1 Weekly Change ST INDEX 3,272.25 +1.20 KL COMP 1,884.91 +3.98 NIKKEI 225 15,437.13 +342.13 HANG SENG 23,546.36 +324.84 SET INDEX 1,495.83 +12.59 JAKARTA COMP 4,905.83 +60.70 MANILA COMP 6,962.28 +120.13 SEOUL COMP 2,009.66 +21.15 SHENZHEN B 846.32 +7.90 MUMBAI IND 25,962.06 +862.14 DOW 17,068.26 +216.42 NASDAQ 4,485.93 +88.00 S&P
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    • Article
      Lock icon BT WEBSITES
      23 1 For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
      23 words
    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.428 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • Article
      Lock icon FOREX
      49 1 US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.715 2.138 EURO (US$/S$/E) 1.359 1.694 Foreign currency per US$ S$ YEN 102.00 81.80 RM 3.185 2.555 HK$ 7.751 6.217 BAHT 32.39 25.98 RUPIAH 11,868 9,520 RENMINBI 6.205 4.977 INDIAN RUPEE 59.77 47.95 A$ 1.069 0.857 NZ$ 1.144 0.918
      49 words
  • Article, Illustration
    Lock icon Retail rents to hold up despite supply
    922 1  -  Healthy demand and the fact that rents tend to be ‘sticky’ cited By LYNETTE KHOO, LEE MEIXIAN lynkhoo@sph.com.sg @LynetteKhooBT leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Retail rents may either hold or inch up over the next few years despite new supply coming onstream. This is supported
    Source: URA, CBRE, Maybank KE  -  922 words
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      216 1 DINING OUT Indian cuisine gets avant-garde edge PAGE 21 CPF INFLATION The quest for purchasing power PAGE 8 TOPLINE Vodoke: small box, big bucks PAGE 4 BOARDROOM MATTERS Time for a stewardship code for Singapore PAGE 4 8 *****1 *****4 IWC PORTUGUESE. ENGINEERED FOR NAVIGATORS Portuguese Chronograph Classic. Ref. 3904:
      216 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Retailers free to choose non-Reit landlords
      1308 2  -  But industry watchers say retailers’ options may soon narrow RETAIL RENTS By LEE MEIXIAN leemx@sph.com.sg@LeeMeixianBT [SINGAPORE] Retailers do have the freedom of contract to choose which type of landlord to lease space from, be it shopping malls owned by real estate investment trusts (Reits),
      BT Graphics: Lee Meixian & Jennifer Chua  -  1,308 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      261 2 Retail rents to hold up despite supply RETAIL rents may either hold or inch up over the next few years despite new supply coming onstream. This is supported by a healthy demand for retail space and the fact that rents tend to be “sticky” in nature, property analysts
      261 words
    • Article
      Lock icon Why retail rents are still a sticking point
      1106 2  -  Declining sales not factored into rents, complain retailers By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Rents have been a sticky issue for retailers, even though consecutive data released lately shows that retail rents have eased and will be capped by the upcoming supply
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    • Article
      Lock icon Why stocks didn’t rally more dramatically last Friday
      509 2  -  WALL STREET INSIGHT By ROB CURRAN LAST week, major US stock indexes finished at record highs after a surprisingly robust jobs report, but the Federal Reserve and earnings season will decide whether or not those gains stick. About 288,000 workers were added
      509 words
    • Article, Illustration
      Lock icon All signs point to Brazil-Argentina exciting final
      626 3  -  But Germans and Dutch will try to rewrite the history books WORLD CUP COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent AND so we are down to the final four in the World Cup. If you had polled a hundred football fans before the quarter-finals
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    • Article, Illustration
      Lock icon Concentration and focus
      680 3 Germans have little contact with fans, locals and media Reuters [SANTO ANDRE, Brazil] Germany have spent most of their time at the World Cup behind the high walls of their Campo Bahia fortress on the shores of the Atlantic largely avoiding contact with fans, locals and the
      Reuters; PHOTO: AFP  -  680 words
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      176 3 Destination: Global Markets First Stop: IP Week SG Building a Competitive Edge with Intellectual Property w 25 to 27 August 2014 Marina Bay Sands Expo and Convention Centre H Chart your success in today’s global markets and join C-suite executives, business leaders, IP thought leaders and community at the premier
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Small box, big bucks
      783 4  -  With sales of its set-top boxes growing at a phenomenal rate, Vodoke has set its sights to be a $1 billion firm, TOPLINE reportsJOYCE JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT THERE was a time when Michael Toh knew what he would be doing at 8pm on a certain
      YEN MENG JIIN  -  783 words
    • Article
      Lock icon Vard buys engineering firm STX Canada Marine for $13m
      220 4  -  BY JAMIE LEE |eejamie@sph.com.sg @JamieLeeBT VARD Holdings, which designs and builds offshore and specialised vessels, said late on Friday it had acquired a North American marine engineering and design company STX Canada Marine for 65.4 million Norwegian krone (S$13.16 million). The
      220 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      860 4 AIMS Property Sec Fund Payment Ex Rec Pay Ann (cts) date date date date ag 0.017 26-Jun 30-Jun 19-Sep 23-Jun Ban Leong ak 1.000 31-Jul 04-Aug 14-Aug 27-May Boustead ak 3.000 31-Jul 04-Aug 19-Aug 27-May Boustead bh 2.000 31-Jul 04-Aug 19-Aug 27-May Bukit Sembawang ak 4.000 01-Aug 05-Aug
      860 words
    • Article, Illustration
      Lock icon Time for a stewardship code for Singapore
      974 4  -  It is a useful instrument to help build a critical mass of institutional shareholders as responsible members of the corporate governance ecosystem, says ADRIAN CHAN ADRIAN CHAN The writer is the first vice-chairman of the Singapore Institute of Directors DEPUTY Prime Minister Tharman
      974 words
    • Article
      Lock icon COMPANY MEETINGS
      561 7 COMPANY MEETING PLACE DATE TIME Noble Group S Ballrooms 1 2 Amara Singapore Hotel 165 Tanjong Pagar Road 07-Jul 10.00am Azeus Systems A Indiana Room Raffles City Convention Ctr 90 Bras Basah 08-Jul 10.00am Transcu Group E 110 Amoy Street 09-Jul 3.00pm AEI Corpn E 12 Penjuru Lane
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    • Article
      Lock icon PRIME LENDING RATES
      282 7 Jul 4 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd ANZ Singapore Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50
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    • Article, Illustration
      Lock icon Buying stays flat, selling among directors rises
      1700 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was flat for the second straight week while the selling among directors rose based on filings on the Exchange from June 30 to July 4. A total of
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      291 5 FirstGlobal HotelandServiced ResidenceTrust tobelistedin Singapore TheWestinKualaLumpur THEPUBLICOFFER PUBLICOFFERSIZE: 45,454,000StapledSecurities OFFERINGPRICE: S$0.88perStapledSecurity OfferforsubscriptionbyFrasersHospitalityAssetManagementPte.Ltd.,asmanager(the“REITManager”)ofFrasersHospitalityRealEstateInvestmentTrust (“FH-REIT”)andFrasersHospitalityTrustManagementPte.Ltd.,astrustee-manager(the“Trustee-Manager”)ofFrasersHospitalityBusinessTrust(“FH-BT”). ABOUTTHETRUST SUBSCRIBENOW! Frasers Hospitality Trust (“FHT”) is a stapled group comprisingFH-REITandFH-BT.FHTprovidesinvestors exposuretooneofthelargestglobalhospitalityportfolios(2) comprisingsixhotelsandsixservicedresidences,wellpositionedtobenefitfromfavourablehospitalitysector fundamentals. INVESTMENTHIGHLIGHTS 7.0%(1) DISTRIBUTIONYIELD FOR PROJECTIONYEAR 2015 OURINITIALPORTFOLIO 12 7 2,770 QUALITYASSETS(3) KEY GATEWAY CITIES(4) ROOMS(5) SINGAPORE SINGAPORE KUALALUMPUR üQuality assets in prime locations
      291 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon It’s possible to make money in local market
      686 6  -  STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent IN THE 153 trading days between Feb 2 when the Dow Jones Industrial Average crossed 16,000 for the first time and last Thursday when it breached the 17,000 level, the Straits Times Index (STI) gained
      686 words
    • Article, Illustration
      Lock icon Asian currencies rebounding from the sell-off
      545 6  -  CURRENCIES HOWIE LEE The writer is an investment analyst at Phillip Futures WHEN Ben Bernanke, the former US Federal Reserve chairman, mentioned scaling back the central bank’s bond buyback programme in the middle of last year, Asian currencies took a huge hit. Countries such
      545 words
    • Article
      Lock icon US jobs data boosts metals; oil prices fall
      414 6 COMMODITIES AFP [LONDON] Commodity markets diverged last week as metals benefited from better-than-expected US jobs data while oil futures were hit by easing supply strains. Oil: Crude futures slid on easing concerns over supply disruptions in Iraq and Libya, but losses were
      AFP  -  414 words
    • Article
      Lock icon RISES
      121 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 553.4 3.5 SPDRS S&P 500 10US$ ***** 377.7 1.6 Lyxor Indonesia10US$ 8818 355.2 3.3 SPDR DJIA 10US$ ***** 268.0 1.3 Lyxor AsiaIT 10US$ 3984 182.0 3.8 DBXT MSKorea 10US$ 6529 175.7 2.2 DBXT iBoxxKR 5US$ ***** 167.0 0.8 Lyxor ThaiSET 10US$
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    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -261.0 -1.0 DBXT AUDCS 5US$ ***** -164.5 -0.7 DBXT iBoxxSvEu 5US$ ***** -134.6 -0.4 DBXT iBoxxUSTr 5US$ ***** -96.0 -0.4 DBXT USDIGInfl 5US$ ***** -83.5 -0.2 JMH 400 USD 5950 -62.3 -0.8 DBXT EONIA 5US$ ***** -59.8 -0.3 DBXT DBLCI-OY 5US$
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1579 6 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 Capital Ind REIT 2.00 2.00 3 9.95 14.53 1.58 1.45 Amtek Engineering Ltd 3.00 3.00 2 0.05 10.12 0.56 0.62 ARA Asset Management Ltd 2.40
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 WEEKLY
      5 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 4 VALUE CLOSE BT OB/OS 45.00 +78.00 BT CADI -*****.00 +20.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 778.70 +2.34 FTSE ST Small Cap 564.29 +0.94 FTSE ST All Share 800.10 +0.32 FTSE ST China Top 200.39 +1.00 FTSE ST China 226.45 +0.93 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Transcu Grp 450,000,000 Polaris 398,009,000 APAC Strategic 382,279,000 Vibrant Group 305,838,000 Mirach Energy 270,576,000 Vallianz 263,991,000 KLW W*****0 261,363,000 ICP 255,456,000 Artivision Tech 253,137,000 Blumont 233,234,000 VALUE($) UOB 272,494,335 DBS Grp 265,591,065 SingTel 214,251,125 OCBC Bank 200,623,304 HongkongLand USD 169,487,694 Global Logistic 121,914,828 Keppel Corp 111,106,250
      59 words
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      Lock icon Page 6 Advertisements Column 1
      113 6 Trade NDFs with Phillip Futures Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) I I I, An Asian Financial House with a Global Reach www.phillipfutures.com.sg 6538 0500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 Email: futures@phillip.com.sg The above
      113 words
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      82 7 B A T A M V 1 F. W BEACH tjgi RESORT Meet By The Sea Starting from g£j[) 138 onwards Inclusive of Accommodation, Ferry, Full Board Meals, Meeting Room with Projector Screen, Tea Breaks and Telematch Games. •Terms and Conditions apply For enquiries and reservations please call +65 6288
      82 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Taking Heart
      466 8  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT Raise funds by walking barefoot AS many as 35,000 elderly people in Singapore live alone in unsafe and unsanitary conditions, and this number is projected to rise to 83,000 by 2030. Habitat for Humanity is trying to address the sad fact through its
      PHOTO: HABITAT FOR HUMANITY  -  466 words
    • Article
      Lock icon UOB takes big step in contactless payment
      423 8  -  Plan to have all of bank’s participating merchants accept it over next 3 years By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT UOB plans to have all of its approximately 20,000 merchants accept contactless card payments over the next three years. This means contactless card payments
      423 words
    • Article, Illustration
      Lock icon CPF and the Quest for Purchasing Power
      26 8 The Business Times takes a whimsical look at CPF and inflation Sources: Central Provident Fund, Department of Statistics, GIC
      Sources: Central Provident Fund, Department of Statistics, GIC  -  26 words
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      124 8 ‘Rtdzwan ‘Dzajir Community Awards Yayasan MENDAKI brings to you the prestigious Ridzwan Dzafir Community Awards (RDCA). It aims to help promising career professionals in the public and social service sectors who are pursuing postgraduate studies in the relevant sectors. r. tn ■i is* A RDCA Distinction Award o One Doctoral
      124 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Staying in the pink
      • Article, Illustration
        Lock icon IHH Healthcare makes its mark in Malaysia, Singapore
        936 9  -  IHH made RM6.8 billion (S$2.6 billion) in revenue last year. Net profit for shareholders was RM631 million. With Asia’s ageing population and growing middle-class incomes, the healthcare sector is a popular place for investors to park their money. In Singapore, the healthcare
        PHOTO: BLOOMBERG  -  936 words
      • Article, Illustration
        Lock icon Raffles Medical Group’s hale and hearty 2014 report
        587 9 RAFFLES Medical Group has outperformed the healthcare service provider sector this year, and is up by about 30 per cent over the past year as of mid-last week. It was Singapore’s first healthcare services provider to go public. At that time, in
        PHOTO: BLOOMBERG  -  587 words
    • Article
      Lock icon India and Indonesia government bonds look attractive
      506 9  -  By DAVID TAN The writer is chief investment officer, fixed income Asia Pacific, at Allianz Global Investors INDIA and Indonesia are often seen as the weakest links of the major Asian countries in terms of fundamentals. Both countries experienced deteriorating current account and
      506 words
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      Lock icon Page 9 Advertisements Column 1
      113 9 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
      113 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Under one roof
      1545 10 THIS WEEK’S TOPIC How do SMEs stand to benefit from the new industrial facilities launched by the JTC? What types of industries are best suited for shared facilities? What challenges will companies face if they are to maximise the use of such facilities? Yee Cheok Hong Executive
      FILE PHOTOS  -  1,545 words
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      52 11 ■<- vn\ \R CAR SCRAP or FXPORT? COE DUE? We help you get the BEST PRICE for your vehicle! A Get offers by over 100 Scrapyards Direct Exporters Hassle-free Documentation Immediate Encashment «)UOTZ Selling Made Simpler Call Quotz at 6744 7571 for a non-obligatory quote for your car. Find out
      52 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Bank Negara seen to raise interest rates
      971 12 Analysts expect it to hike benchmark overnight policy rate by 25 basis points from current 3% to 3.25% [KUALA LUMPUR] All eyes are on Bank Negara as the central bank is widely expected to announce by Thursday Malaysia’s first interest rate hike in
      PHOTO: BLOOMBERG  -  971 words
    • Article
      Lock icon M’sia to deploy more equipment for MH370
      324 12 AFP [KUALA LUMPUR] Malaysia will send more equipment to the southern Indian Ocean to join the search for Flight MH370 which went missing four months ago, Defence Minister Hishammuddin Hussein said yesterday. He said a Malaysian navy ship equipped with a multi-beam echo
      AFP  -  324 words
    • Article
      Lock icon BURSA MALAYSIA
      1360 12 VOL Jul 4 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.22 -0.01 2293 Adventa Bhd -0.01 Ae Multi Hldgs 0.22 0.01 540 Affin Holdings 3.36 0.01 96 Ahmad Zaki Res 0.71 unch 918 Airasia Bhd 2.28 unch 2340 Alliance Finan 4.77 -0.01 1023 Aluminium Co 0.70 unch 19
      1,360 words
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      1519 12 The Business Times Ik T I X 1 Toll free 1800-289-8822 I I I m 1 Email notices 4sph.com.sg W I I i ij www.sphdass.com.sg/notices ffj WE Holdings Ltd. (Company Registration No. *****0445D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s anti-corruption agency means business
      1217 13 Investigations are far more aggressive and it is taking on high-ranking leaders WP [BEIJING] No sign identifies the drab beige building off a busy thoroughfare in downtown Beijing. There is nothing to indicate that within its walls lies the most feared agency in China for
      WP; PHOTO: BLOOMBERG  -  1,217 words
    • Article
      Lock icon Hong Kong’s relationship with Beijing comes under a new strain
      709 13  -  By ANDREW STEVENS Andrew Stevens is a CNN anchor/correspondent based in Hong Kong [HONG KONG] In the leadup to the 1997 handover of Hong Kong to China a local friend of mine quite seriously asked how he could pass custody
      709 words
    • Article
      Lock icon Modi govt aims to raise US$11.7b in asset sales
      773 13 Target almost equal to all proceeds over the last four years Reu ters [NEW DELHI] India’s new government will seek to raise up to a record US$11.7 billion in asset sales in its maiden Budget this week, a senior government source
      Reuters  -  773 words
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      245 13 .ASTANA ALMATY •w < Seoul Beijing k\ Bangkok' Kuala Lumpur Hong Kong Ho ChiMinh Beijing Almaty ■4“ 5 times a week Beijing Astana 2 times a week Kuala Lumpur Almaty 3 times a week Seoul Almaty 3 times a week Bangkok Almaty 7 times a week Hong Kong Almaty Ho
      245 words
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  • WORLD
    • Article
      Lock icon Global growth to accelerate in 2015: IMF
      339 14 But momentum could be weaker than expected, warns Lagarde Reuters [AIX-EN-PROVENCE, France] Global economic activity should strengthen in the second half of this year and accelerate in 2015 although momentum could be weaker than expected, International Monetary Fund (IMF) chief Christine Lagarde said
      Reuters  -  339 words
    • Article, Illustration
      Lock icon US$ reach gives Washington an edge
      757 14 BNP Paribas fine shows dominance of greenback AFP [PARIS] As the world’s reserve currency, the US dollar gives Washington a powerful influence over global financial markets a point underlined again last week when a record fine was levelled against France’s leading bank. French banking
      AFP; PHOTO: BLOOMBERG  -  757 words
    • Article, Illustration
      Lock icon Political cost outweighs benefit of financial aid
      926 14 Bloomberg [BRUSSELS] German Finance Minister Wolfgang Schaeuble says that the euro area’s firewall isn’t there to be used. Portugal has taken the hint. As the government in Lisbon came to the end of a 78 billion euro (S$132.1 billion) bailout, Prime Minister Pedro
      Bloomberg; PHOTO: AFP  -  926 words
    • Article
      Lock icon Institutional investors push up home prices
      538 15 PE firms, hedge funds and pension systems buying US homes to rent out NYT [NEW YORK] Wall Street is driving up home prices again, but this time it is not by granting mortgages to customers who cannot afford houses. Instead, institutional investors have been
      NYT  -  538 words
    • Article
      Lock icon Uber gets London regulator’s green light
      344 15 NYT [LONDON] In the battle between Europe’s taxi drivers and the ride-sharing service Uber, score one for Uber. Last Thursday, London’s transportation regulator said that Uber, the West Coast technology start-up that has faced protests in major cities across Europe from London to Milan,
      NYT  -  344 words
    • Article, Illustration
      Lock icon Queen launches carrier amid budget uncertainty
      773 15 Cameron stresses Scotland, UK defence links Reuters [ROSYTH, Scotland] Queen Elizabeth has officially named Britain’s biggest warship amid uncertainty over Scotland’s coming independence referendum and future British defence spending. A crowd of 4,000 gathered in this Scottish port last Friday to watch pipe bands
      Reuters; PHOTO: REUTERS  -  773 words
    • Article
      Lock icon San Miguel ready to buy US$10b of assets in S-EA
      704 16 Company president Ramon Ang expects double-digit profit growth this year Bloomberg [MANILA] San Miguel Corp, the biggest Philippine company, is prepared to spend as much as US$10 billion to buy assets in South-east Asia, said its president, Ramon Ang. An
      Bloomberg  -  704 words
    • Article
      Lock icon Spain reforms gas sector to reduce tariff deficit
      452 16 Reuters [MADRID] Spain took the first steps towards curbing a growing tariff deficit in its gas sector created by years of mismatched regulated costs and revenues that has pushed up energy bills for consumers. The government passed new regulation last Friday to
      Reuters  -  452 words
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      Lock icon Italy accuses Germany of undermining its stimulus
      651 16 Bundesbank head called for more fiscal restraint NYT [ROME] Italy’s prime minister has accused Germany’s central bank of blocking efforts to stimulate regional growth and putting the interests of financiers before citizens in the European Union. Matteo Renzi, a youthful left-leaning politician who
      NYT; PHOTO: REUTERS  -  651 words
    • Article, Illustration
      Lock icon NY attorney general shines light on Barclays dark pool
      1240 17 UK bank’s dark pool allegedly catered secretly to highfrequency traders NYT [NEW YORK] Dark pools just got a little brighter. New York attorney general Eric Schneiderman last month became the first US regulator to weigh in on the debate over high-frequency
      NYT; PHOTO: BLOOMBERG  -  1,240 words
    • Article, Illustration
      Lock icon US overtakes Saudi Arabia as world’s biggest oil producer
      812 18 Production growth outside US lower than expected, keeping oil prices high: BankAm Bloomberg [LONDON] The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s
      Bloomberg; PHOTO: BLOOMBERG  -  812 words
    • Article, Illustration
      Lock icon Myanmar liberalisation slows in wake of riots
      650 18 NYT [NAYPYIDAW] Three years after Myanmar’s ruling generals shed their uniforms and propelled the country on an ambitious journey towards democracy, security forces are back on the streets of the former military dictatorship. A rampage by radical Buddhists in the sprawling city of
      – NYT; PHOTO: AFP  -  650 words
    • Article
      Lock icon Abe to strengthen defence ties during Australia trip
      585 18 Growing trade relationship will also be enhanced AFP [SYDNEY] Closer defence cooperation is set to take centre stage when Australia hosts Japanese Prime Minister Shinzo Abe this week, while the two allies will also shore up a burgeoning trade relationship, analysts say.
      AFP  -  585 words
    • Article
      Lock icon Norway wealth fund seeks staff for real estate group
      424 18 Bloomberg [STOCKHOLM] Norway’s US$890 billion sovereign wealth fund, the world’s biggest, is seeking top executives for a new real estate group that will invest almost US$10 billion annually in properties over the next three years. The fund, based in Oslo, is
      Bloomberg  -  424 words
    • Article
      Lock icon Drop in global capex of top industrials could signal future drought
      591 19  -  Weak operating trends and declining profits are factors By ANTHONY ROWLEY in Tokyo CORPORATE capital investment among the world’s leading industrial groups in Asia and elsewhere is not recovering as expected in the wake of the global financial crisis,
      591 words
    • Article
      Lock icon EU seeks US ‘equivalance’ on banks
      331 19 Matter is key issue for trans-Atlantic trade talks: Barnier Bloomberg [PARIS] The European Union wants regulator “equivalence” with the US on financial matters, EU financial services chief Michel Barnier has said, flagging the matter as a key issue for trans-Atlantic trade talks. “What we
      Bloomberg  -  331 words
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      Lock icon US co’s well ahead in succession planning
      837 19 Reuters [NEW YORK] When Goldman Sachs’ then-senior partner, Gus Levy, suffered a stroke in the middle of a client meeting in 1976 and died shortly after, the bank’s management didn’t know who would lead the firm. No one, it seemed, had planned for
      Reuters; PHOTO: BLOOMBERG  -  837 words
    • Article, Illustration
      Lock icon Hamilton wins at home after Rosberg retires
      433 19 Reuters [SILVERSTONE, England] Lewis Hamilton won his home British Grand Prix on Sunday and slashed Mercedes teammate Nico Rosberg’s Formula One lead to four points after the German retired for the first time this season. Mr Hamilton, who last won at Silverstone in
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      1677 14 The Business Times Ik T I X 1 Toll free 1800-289-8822 I I I m 1 Email notices a'sph.com.sg W I I i ij www.sphdass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCL LAND (GRANGE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG.
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      740 15 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices APOLOGY We, IMAGE MAKER IT SUPPLIES PTE. LTD. (UEN No. *****7994H) of 6 Genting Road #06-00, Jubilee Industrial Building, Singapore *****1 and LIM KWEE HUAY (NRIC No. S*****24C) of 189B Rivervale Drive #09-1012 Singapore *****9, hereby apologise to BROTHER INDUSTRIES,
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      550 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CBT INVESTMENT PTE. LTD. (Registration No. *****3762K) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of the
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      550 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BBT INVESTMENT PTE. LTD. (Registration No. *****0937M) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of the
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      550 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CST INVESTMENT PTE. LTD. (Registration No. *****3776G) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of the
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      114 16 10th BIRTHDAY BASH Celebrate Shape magazine’s 10th anniversary at our first-ever beach party! Shimmy into perfect shape with fun and energetic Zumba and Bellyblitz dance workouts from Amore Fitness. SIGNUPNOW! DATE July 11 (Friday) TIME 7-11pm VENUE Wave House Sentosa (36, Siloso Beach Walk) EARLY-BIRD RATE $29 per person(UP $39)
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      233 16 Spencer Li Managing Director Synapse Trading Pte Ltd As you enter the world of trading, do you sometimes feel overwhelmed by the large number of different strategies and varied approaches? With the limited resources available, how can you maximise your capital to get both stable and aggressive returns, while keeping
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      62 16 ich Ask2014 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 V a SliUiL 14-16 October 2014 Singapore EXPO Halls 3 4 www.buildtechasia.com t rT r- f!' W ■y Pfi wr m p ,i. .j .JW^raKtsi To Exhibit: Tel:+65 6319 4021 Email: buildtechasia@sph.com.sg To Visit: Pre-register at
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      144 17 c he Business Times Wine Challenge 2014 CEOs’ Choice awards, in partnership with UBS, are ripe for the picking. In our quest for 10 top-notch vintages, we are tapping the expertise of a panel of CEOs, all well-regarded wine connoisseurs in their own right, as well as international wine judge
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      96 19 4 M Osi. ft R m M. S' a* a <* Enjoy the digital version of ZbBz on: ?L M IE > »aw»HwfrM s s r?H 0 0 ri I s a •jflla MMs Bah s irresistible unique roasted suckling pig Welcome autumn with a stylish Omega timepiece When art
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  • SHIPPING/AVIATION
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      Lock icon US housing boom spurs Asia shipments
      688 20 US imports of furniture, building materials from Asia up 6.3% in Jan-April WP [TOKYO] Thanks to the US housing boom, Asian manufacturers are shipping the most furniture and building materials by containers in seven years. US imports of furniture and building materials from Asia,
      WP; PHOTO: AFP  -  688 words
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      Lock icon France steps up passenger screening at airports
      792 20 AFP [PARIS] France is boosting passenger screening at its airports, responding to a request from Washington for extra security for US-bound flights over fears that Islamist radicals could be plotting new attacks using hard-to-detect bombs. The French move, to come into force today,
      AFP; PHOTO: REUTERS  -  792 words
    • Article
      Lock icon Airbus undecided over A330neo launch at Farnborough Airshow
      423 20 Still, its strategy chief is confident about orders Reuters [AIX-EN-PROVENCE, France] Airbus Group has not decided whether it will launch its proposed A330neo jet at this month’s Farnborough Airshow but is confident about the outlook for plane orders at the gala event,
      Reuters  -  423 words
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      Lock icon Etihad hits back at critics of its investment policy
      289 20 Bloomberg [DUBAI] Etihad Airways PJSC said that the five European carriers in which it has invested or is seeking stakes would face thousands of job cuts and possible collapse without its involvement, hitting back at critics of its holdings. Etihad is
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      Lock icon SIA plane in near miss at Houston airport
      159 20 [HOUSTON] Two commercial planes had a near miss in the skies above Houston’s George Bush Intercontinental Airport last Thursday night, the Federal Aviation Administration (FAA) said. A Singapore Airlines flight took off shortly before 7 pm, and the pilot did not level
      159 words
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      28 20 More than 10% resold at a loss of District 9 condos M9E2S To subscribe, call 6388-3838 or go to sphsubscription.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 20 Miscellaneous
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      324 20 CRYPTIC CROSSWORD Across 1 He has to arrange terms ahead (10) 6 Its music is forbidden to the listener (4) 10 Smoke coming from vehicle carrying retired soldier (5) 11 The speed at which we go (5,4) 12 Play a role in drama group, but behave independently (3,1,4) 13 He
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  • DINING OUT
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      Lock icon Indian cuisine gets avant-garde edge
      1122 21  -  Abhijit Saha, dubbed the ‘Gordon Ramsay of India’, elevates Indian staples with his Western gastronomic flourishes, writes JAIME EE writesJAIME writesJAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Saha Signature Indian Restaurant Bar 9A Duxton Hill (2nd floor) Tel: 6223-7321 Open Mon to Sat for lunch and
      PHOTOS: SAHA  -  1,122 words
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      212 21 r'A BT Wine, Dine Hospitality Pages save more than ft** m <? Co|ful\-C°' For advertisement bookings and sales enquiries, please contact; Lawrence Chang 9229 4919 Rachel Khoo 9298 9465 Ellen Lee 9368 3533 Alisa Tan 9154 8381 Francis Yeo *****356 Vanessa Fong 9625 7384 WEEKEND AFTERNOON HIGH TEA CONRAD CENTENNIAL
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      4456 22 Week ended: Jul 4 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 13.3 10.4 8Telecom Vol Week Last Quote --AAT Net M Cap High 160.8 130.4 AIMSAMP Cap Reit 144.5 unch 4558 145.5
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      Lock icon SGX CATALIST
      580 23 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 $mil 32 23 t 3Cnergy 500 Last Vol 1.9 0.9 t Advanced Systems 1.1 unch 788 1.1 0.9 1 1.1 21.4 Last Quote Div Gr
      580 words
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      Lock icon STRAITS TIMES INDEX STOCKS
      123 23 Stock name Close Change Ascendas Reit 2.320 -0.010 CapitaLand 3.180 -0.020 CapitaMall Trust 1.940 -0.010 CityDev 10.180 -0.070 ComfortDelGro 2.510 +0.020 DBS Grp 17.080 +0.060 Genting Sing 1.330 Global Logistic 2.700 +0.030 Golden Agri-Res 0.550 -0.005 HPH Trust USD 0.725 Stock name Close Change HongkongLand USD
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      Lock icon STOCKS ASIA
      1949 23 Transaction date: Jul 4 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores Angang Steel Anhui Conch Aeon Stores Anhuiexpresswa 4.74 -0.06 266 Asia Satellite 50 Asm Pacific Avic Ihl Anhui Conch Baiyunshan Ph 25.00 unch 2019 Bank Of China 3.60 0.05 *****8 Bank Of E Asia
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      Lock icon GLOBALQUOTE
      263 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 41.5 AVJennings A54.5 -3 6 54.5 53 54 56.5 3.6 6.4 4.4 201.8 4 0.7 OGL Resources A$ A3.3 +2.2 7 3.3 3.1 0.8 3.6 0.5
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 81 68 34 17 16 6 98 84 40 Commerce 40 19 17 10 8 2 50 27 19 Tpt/Stor/Comms 18 13 14
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      Lock icon SGX ETF
      1175 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.1 unch 9 115.2 115.1 115 115.3 525.4 135.5 119 CIMB APAC Div 100S$D 132.2 -0.3 132.5 131.4 130.9 133.5
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      Lock icon SECURITIES TRADING TURNOVER
      123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 80,528 80,528 203,383 203,383 Manufacturing 2,273,588 1,274,782 3,548,370 659,012 69,388 728,400 Commerce 622,428 681,793 1,304,221 353,985 68,231 422,216 Tpt/Stor/Comms 951,860 7,516 959,376 698,845 953 699,798 Finance 178,108 3,755 181,863 795,159 1,161 796,320 Construction 222,250 195,393
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      26 23 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
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      658 24 Jul 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.37 *****.37 *****.07 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Dec14 *****.00 29 ***** MSCI TAIWAN INDEX FUTURES SPOT 344.93 345.91 343.21 Jul14 340.40 341.50 338.90 340.60 ***** *****4 Aug14 338.10 339.10 337.00 338.10
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jul 4 Index Change Change Change Change Change Change World Preliminary 1252.1 0.0 5.7 -0.2 4.7 0.0 6.2 EAFE Preliminary 984.8 -0.1 3.0 -0.2 2.6 -0.1 4.1 Europe Preliminary 1415.2 -0.3 4.5
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      Lock icon INTERBANK CROSS RATES
      470 24 Jul4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.996 5.807 0.689 7.253 55.933 111.056 0.955 9.444 2.980 1.071 92.340 40.684 1.167 10.052 0.837 27.985 30.306 0.546 0.936 Canada 1.004 5.830 0.692
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      Lock icon SIBOR
      39 24 Jul 4 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      78 24 Jul 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.27 5-Year NX*****W 2.5 01-Jun-19 106.42 106.50 106.50 10-Year NX*****H 2.750 01-Jul-23 103.38 103.45
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    • Article
      Lock icon PRECIOUS METALS
      122 24 Jul 04 GOLD(US$/oz) Jul 04 Jul 03 Hong Kong 1324.00 1326.00 Jul 04 Jul 03 London 1320.11 1318.30 1320.88 1319.10 Source: Thomson Reuters CAST BAR Jul 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 316 262 10gm 590 527
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      Lock icon PALM OIL
      57 24 Jul 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2458.0 2458.0 2460.0 2450.0 268 1297 Aug 14 2445.0 2420.0 2451.0 2420.0 600 ***** Sep 14 2426.0 2402.0 2433.0 2399.0 ***** ***** Oct 14 2420.0 2397.0
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      Lock icon INTERBANK CURRENCY RATES
      156 24 Jul 4 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1661 1.1670 0.9356 0.9360 Canadian dollar 1.1711 1.1716 0.9397 0.9396 Euro 1.6934 1.6943 1.3586 1.3589 NZ dollar 1.0889 1.0896 0.8736 0.8739 Sterling pound 2.1376 2.1386 1.7150
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jul 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.192 1.136 Can dollar 1.193 1.148 Euro 1.735 1.653 Sterling pound 2.179 2.096 NZ dollar 1.115 1.073 US dollar 1.272 1.212 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      158 24 Jul 4 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1032 24 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 5.1 -11.9 606 0.3 1 -56 3.69 48 Asia-Pacific Strategic W*****6 3.9 0.2 ***** 1 2 58 Ratio Exer Asiatic Grp(Hldgs) Ltd W*****5 Prem Asiatravel.com HoldingsW*****7 5.7 -1.5
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    • Article
      Lock icon CHICAGO BOT
      109 24 Jul 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1387.75 1392.50 1399.75 1387.00 Aug 14 1299.75 1314.75 1321.50 1297.25 Sep 14 1166.75 1180.25 1186.00 1164.50 Nov 14 1133.50 1141.50 1147.50 1132.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 24 Jul 4 COCOA (£/tonne) Close Prev High Low Jul 14 1952 1954 1959 1941 Sep 14 1924 1927 1930 1916 Dec 14 1902 1907 1909 1895 Mar 15 1891 1897 1899 1885 COFFEE(US$/tonne) Close Prev High Low Jul 14 2053 2065 2070 2059 Sep 14 2056 2068 2070 2051
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      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Jul 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.51 -1.05 WTI (Near Mth) 104.04 -0.21 Dubai (1-Mth F) 107.40 -0.52 Tapis blend 112.67 -0.91 Minas 108.27 -0.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.86 -1.03 Jet Kerosene 119.69 -1.96 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 24 Jul 4 S$ Bid Offer 1-month 1.2464 1.2468 2-months 1.2464 1.2468 3-months 1.2464 1.2468 6-months 1.2462 1.2466 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 24 Jul-04 Jul-04 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1893.25 1907.00 3 months 1923.00 1935.00 Copper, Grade A(US$/tonne) Cash 7161.00 7186.00 3 months 7150.00 7175.00 Lead(US$/tonne) Cash 2153.00 2166.50 3 months 2181.00 2195.50 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • Article
    Lock icon SHIPPING TIMES
    2237 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    2,237 words
  • Page 25 Advertisements
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      134 25 inc, 70% “SHIP CHARTERING” COURSE (10 11 July 2014) Learning Objectives: Negotiating, fixing, performing and concluding Charters/Fixtures Detailed analysis of VOLCOA, BARECON, GENCON, BALTIME, NYPE C/P Clauses. Understand the roles rights of Owner, Charterer, Master other parties to a Charter. Beware of disruptive elements pitfalls in a Charter. Learn how
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      171 26 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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      Lock icon HetNet to allow for better connectivity
      995 28  -  Devices can switch seamlessly between different wireless networks. BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT SINGAPORE’S push to become a “smart nation” will result in the use of a number of new communication technologies that will usher in an era of ubiquitous connectivity. One of
      995 words
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      Lock icon UC and the humble, enhanced deskphone
      960 27  -  Business communications will become more efficient. BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT THE communications mindshare in enterprises is dominated by mobility and Bring-Your-Own-De-vice (BYOD) strategies in which employees bring their own devices, particularly smartphones, to work. Interestingly, despite this, a good Unified Communications (UC)
      960 words
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      Lock icon Apple said to headhunt Tag Heuer exec for iWatch
      442 27 Reu ters [PARIS] Apple has poached a senior executive from Swiss luxury watch brand Tag Heuer, which could be to help it with the launch of its iWatch expected this autumn. Tag Heuer, part of luxury goods group LVMH, said last
      Reuters  -  442 words
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      Lock icon Asian firms more likely to embrace public cloud: survey
      737 27  -  Businesses keen to move backend needs to third-party cloud vendors By VICTORIA HO CLOUD computing is the top spending priority in technology for companies in Asia, and businesses are keen on moving backend needs to third-party cloud providers, Gartner found in
      737 words
    • Article
      Lock icon As digital comes of age, customer markets are being remade
      987 27  -  <you say> By NICK TAYLOR The author is Asean Technology Lead for Accenture IN THE world of technology, a lot has happened in five years. Especially when you consider most of it has been clouded by economic uncertainty. When Lehman
      987 words
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      110 28 A dynamic city A bank renowned for innovation 50 remarkable years in Singapore X X < I te I 4 m ■ki From transport to property to commodities, J.P. Morgan has been at the forefront of many pioneering deals that have helped build today’s Singapore. For 50 years, we’ve enabled
      110 words