The Business Times, 3 May 2010

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Microfilm: NL30668
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, May 3,2010
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  • Article, Illustration
    Lock icon Businesses look to productivity measures to offset CPF rise
    618 1  -  Restoration in two stages, months later, seen giving time for grants to work By TEH SHI NING [SINGAPORE] Businesses relieved that the partial restoration of employers Central Provident Fund (CPF) contributions will come in two stages and not till months later
    FILE PHOTO  -  618 words
  • Article, Illustration
    Lock icon EU, IMF craft 120b euro rescue package for Greece
    896 1 Athens agrees to sweeping budget, wage cuts and tax hikes amid worker protests Reuters NYT [ATHENS] Greece sealed a deal with the European Union and IMF yesterday that opens the door to a mul-ti-billion euro financial bailout and will require big
    Reuters; NYT; PHOTO: AP  -  896 words
  • Article
    Lock icon MARKETS DIGEST
    157 1 BT ONLINE 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. MARKETS Weekly Change ST Index 2,974.61 -13.88 KL COMP 1,346.38 +9.60 NIKKEI 225 11,057.40 +142.94 HANG SENG 21,108.59 -135.90 SET INDEX 763.51 +8.93 JAKARTA COMP 2,971.25 +46.52
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      22 1 VIEWS FROM THE TOP More father-friendly workplaces? PAGES 12-13 In recovery we trust now it’s the turn of the workers, Page 2
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      101 1 YOUNG INVESTORS' FORUM Crowd-funding for startups PAGE 14 BUSINESS TER UAL SUBMARINER DATE I N 78 CTYELLOW GOLD 1 1 Zl'i I 1 1 *4 <> •S-5 <o CP ROl.EX PERfETUAL L 28 SUBMARINER 1000ft 3 00m CHRONOMETER 0FFIC®tv CERTIFIED C2 m I vJ /SVVIS S) MAOEI\ I OE I!
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      22 1 DINING OUT Fitting finale for Harbour Grill PAGE 24 BizIT Singapore to be cloud hub for Amazon PAGE More reports, Page 19
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  • TOP STORIES
    • Article
      Lock icon In recovery we trust – now it’s the turn of the workers
      702 2  - In recovery we trust now it’s the turn of the workers Move to raise the CPF rate is a welcome gift COMMENTARY By ANNA TEO AS much as the decision to raise the employers’ Central Provident Fund rate reflects the government’s commitment to do right by workers, the move perhaps
      702 words
    • Article, Illustration
      Lock icon ‘Goldman effect’ could hit US stocks
      867 2  -  Lack of leadership from financials could hamper market in the months ahead By ANDREW MARKS FOR two whole days last week, the US financial sector’s woes were pushed to the sidelines by the unfolding sovereign debt crisis in Europe, which on Tuesday triggered the
      REUTERS  -  867 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      617 2 EU, IMF craft 120b euro rescue package for Greece GREECE sealed a deal with the European Union and IMF that opens the door to a multi-billion euro financial bailout and will require big sacrifices from the Greek people, Prime Minister George Papandreou said yesterday. Those sacrifices amount to
      617 words
    • Article, Illustration
      Lock icon Singapore to be base for key Asean research office
      653 4  -  AMRO will provide monitoring and analysis of regional economies to CMIM By ANTHONY ROWLEY FINANCE ministers from the 10 Asean states plus China, Japan and South Korea meeting on the sidelines of the Asian Development Bank annual meeting in Tashkent agreed
      XINHUA  -  653 words
    • Article, Illustration
      Lock icon Volcker Rule unlikely to take effect, says MM Lee
      505 4  -  Strong resistance to making proprietary trading off-limits By EMILYN YAP [SINGAPORE] The US is unlikely to adopt the proposed Volcker Rule aimed at banning risky proprietary trading by banks, said Minister Mentor Lee Kuan Yew yesterday. Mr Lee was speaking at
      KWONG KC/LIANHE ZAOBAO  -  505 words
    • Article, Illustration
      Lock icon S’pore consumer confidence hits new high
      732 4  -  Sharp upturn underpinned by economy’s V-shaped rebound: survey By MAARTEN KALLENBERG The writer is Head of Consumer Confidence Index at InsightAsia Research Group. He can be contacted for more information about the report at consumerconfidence@insig htasia.com. Free top line reports and more detailed reports
      Source: InsightAsia  -  732 words
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      178 2 Asia's Largest ICT Digital Multimedia One-Stop Platform With Over 2000 Exhibitors BnaaSpasmsMuiiat 15-17 JUNE 2010 10:30am 6pm SINGAPORE EXPO 18 JUNE 2010 10:30am 4pm alNUAKUKt tXKU EVENT HIGHLIGHTS: Exhibition Witness over 235 product launches from exhibitors around the world Experience the latest technologies from 3D Interactive Technologies, HD Technology, Digital
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      165 3 m w Ml afx m rr r w We were there when young people used to do the joget, foxtrot and the cha-cha. sLA,.. We were there when disco was cool. (What were we thinking!?) We were there all through breakdance, techno, hip-hop, and (oh dear) the macarena. f-i J
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      505 4 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF WESTAR HOLDINGS PTE. LTD. (In Creditors' Voluntary Liquidation) (Incorporated in the Republic of Singapore) (Co. Reg. No. *****2761N) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and
      505 words
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      265 4 NOTICE Notice is hereby given that Oh Siew Hwa of NRIC No. SXXXX197J is no longer with the Company effective 28 April 2010. She is therefore not authorized to transact any businesses on behalf of the Company. J&B Plumbing Services and Construction Pte Ltd J-One Contact Services Pte Ltd No.
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      22 4 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES
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      203 5 ORCHARD iSCOTTS Winner of the FIABCI Prix d'Excellence Award 2009 mi •f i i m >%■ A m* w I < The luxury of space. In the heart of Orchard. sS Space is a true expression of luxury. At Orchard Scotts, you will experience space in abundance for this award-winning
      203 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Momentum trading likely to continue
      732 6  -  STOCKS VEN SREENIVASAN Senior Correspondent WITH Wall Street sliding last Friday amid the widening probe into Goldman Sachs and concerns about the sovereign debt crisis in Europe, it won’t take a genius to figure out which way Asian markets will head for in today’s opening.
      732 words
    • Article
      Lock icon Numbers do not reflect Thai unrest
      463 6  -  CURRENCY WATCH By CHEW XIANG YOU could be forgiven for thinking that the apocalypse was breaking out in Thailand, just 1,500 kilometres north of Singapore. The country saw the worst political violence in decades last week. Perhaps 30 lives were lost, and Bangkok is
      463 words
    • Article
      Lock icon Gold reaches highest level this year; cocoa hits record high
      347 6 COMMODITIES AFP [LONDON] Commodity prices diverged last week as investors reacted to the Greek debt crisis that has affected major financial markets, traders said. There was, meanwhile, a record high for cocoa prices owing to strong demand and tight supplies.
      AFP  -  347 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1292 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.00 2.00 11 11.70 10.86 1.44 1.27 ARA Asset Mgt 1.67 1.67 3 6.73 13.75 1.15 0.93 Armstrong Ind Corp 1.00 1.00 2 4.25 9.18
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    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP GLD 10US$ ***** 437.3 2.9 Lyxor MS India 10US$ 1722 155.8 7.1 Thai Prime Fd 503 127.1 22.7 JMH 3682 103.9 2.1 DBXT FTVietnam 10US$ 4707 94.3 1.5 OUE 1720 92.0 5.7 DBXT AUDMM 5SG$ ***** 64.0 0.3 Jardine C&C 3048 60.0 2.0 HK Land
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    • Article
      Lock icon FALLS
      117 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-155.8 -0.9 Lyxor Europe 10 US$ 1199-109.3 -6.3 DBXT FTChina25 10US$ 2908 -98.4 -2.4 CityDev.ES.1004 1074 -54.0 -4.8 DBXT CSI300 10US$ 920 -50.6 -3.9 Lyxor LatinAmerica 1 836 -49.2 -4.1 Lyxor India Nifty 10 1638 -48.0 -2.8 HsuFuChi 247 -27.0 -9.9 DBS.ES.1004
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    • Article
      Lock icon CURRENCIES Where S$ stands
      87 6 Apr 30 CHNG YR 2010 CLOSE FR Apr 29 S$ LOW S$ HIGH US$ 1.3680 0.01 1.4219 1.3680@ Euro 1.8212 -0.38 2.0153 1.8142 Pounds 2.0977 -0.51 2.2831 2.0845 A$ 1.2729 -0.27 1.2960 1.2276 Yen* 1.4467 0.64 1.5927 1.4467@ Rupiah* 0.***** -0.05 0.***** 0.***** Baht* 4.2287 0.23
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Apr 30 VALUE CLOSE BT OB/OS -335.00 +195.0 BT CADI -*****.00 +89.00 BT 10-day MA -*****.00 -34.00 FTSE ST Mid Cap 724.44 +2.91 FTSE ST Small Cap 585.05 +3.60 FTSE ST All Share 736.69 +3.76 FTSE ST China Top 301.47 +2.89 FTSE ST China 318.91 +3.72 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Genting SP 688,444,000 Golden Agri 325,473,000 Yangzijiang 306,731,000 GMG Global 244,092,000 JES 160,566,000 Baker Tech 158,222,000 Ellipsiz 133,521,000 MDR 125,559,000 China Hongxing 124,313,000 SingTel 120,766,000 VALUE($) Genting SP 632,051,790 Yangzijiang 425,753,310 DBS Grp 422,020,864 CapitaLand 406,365,526 SingTel 369,177,485 UOB 358,438,378 Keppel Corp 352,815,322 OCBC Bk 323,568,220
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    • Article, Illustration
      Lock icon Dividends help to prop up values of portfolios
      1442 8  -  TEH HOOI LING Senior Correspondent GLOBAL equity markets were shaken up last week by the sovereign debt crisis in Greece. The Singapore market took a sharp dive on Tuesday, but recovered most of the losses by Friday as signs emerged that a
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    • Article
      Lock icon Director buying rises, selling flat
      1573 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying rose while the selling among directors was flat with 14 companies that recorded 26 purchases versus six firms with seven disposals based on filings on the exchange in the last
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon STC says it signed no deal on Orchard site
      833 7  -  It was initially lined up to redevelop OCBC’s Specialists’ Centre/Phoenix site By SIOW LI SEN STRAITS Trading Company (STC) never had an agreement with OCBC Bank on the development of the prime Specialists’ Shopping Centre and Hotel Phoenix site in Orchard
      YEN MENG JIIN  -  833 words
    • Article
      Lock icon Shipbuilder New Century launches IPO
      447 7  -  By TEH SHI NING NEW Century Shipbuilding is now looking to raise $666.4 million from its initial public offering (IPO), after slashing the offer to less than half its planned size. The company launched 560 million new shares on Friday at the maximum offer price
      447 words
    • Article, Illustration
      Lock icon Arthur Tay plans to take Achieva to new markets
      558 9  -  New CEO is keen to acquire businesses that would help firm launch new products By JAMIE LEE ARTHUR Tay, an ambassador of all things fine and fancy, has added a new role as CEO of Achieva, a listed electronics firm. Mr
      558 words
    • Article
      Lock icon PRIME LENDING RATES
      403 9 Apr 30 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
    • Article
      Lock icon COMPANY MEETINGS
      307 9 COMPANY MEETING PLACE DATE TIME Junma Tyre Cord A Conference Room, Junma Building, Zhenxing Road, Chenghang, Yangshe Town, Zhanjiagang City, Jiangsu Province, The People's Republic of China 04-May 1.30pm Thai Prime Fund E 4 Robinson Road #05-01 Singapore *****3 05-May 9.00am Asia Food Prop E Holiday Inn Atrium
      307 words
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      75 7 FX/CFD trading Trade EUR/USD from 1 pip and no re-quotes. Standard and mini contracts on the same tight spreads. Automatic rebates for high-volume traders. World's No. 1 CFD provider.* Start FX trading at igmarkets.com.sg CFD trading can result in losses that exceed your initial deposit. "Largest retail CFD provider by
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  • Page 9 Advertisements
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      836 9 CONSUMER ELECTRONICS AND HOME APPLIANCES Dealers Wanted! One of Dubai's leading conglomerates, with a dynamic sales network and a turnover of over USD 500 Million, is looking to form strong partnerships with reputed dealers in the Consumer Electronics and Home Appliances market. The capability to supply Consumer Electronics products and
      836 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Developers differ in views over Thailand
      570 10  -  KepLand reviewing presence; CityDev, CapLand confident over long term By KALPANA RASHIWALA KEPPEL Land says that it is reviewing its presence in Thailand, while CapitaLand and City Developments Ltd say that they are taking a long-term view of their businesses in the country and
      570 words
    • Article, Illustration
      Lock icon COOKING FOR CHARITY
      126 10 OCBC Bank’s staff from Group Operations Technology (O&T) and Group Finance Divisions jointly organised a charity carnival at OCBC Tampines Centre One late last month to raise funds to support the bank’s community development work in Bandung, Indonesia. A total of $119,560 was raised, while in Malaysia,
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    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (April 30,2010)
      279 10 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.07.2010 NX*****T 2000 4 5/8 5900.00 1/1 1/7 119 100.70 0.53 SG**********
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2239 10 Payment Ex Books Pay (cts) date close date 8Telecom Intl bn 0.622 11-May 13-May 02-Jun ABR Hldgs ak 1.000 11-May 13-May 27-May Action Asia an 1.000 06-May 10-May 19-May Adampak Ltd ak 1.500 06-May 10-May 26-May Advanced Hldgs ak 2.000 03-May 05-May 18-May AEI Corp ak 1.000 06-May
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      39 10 FOR EN BLOC SALE Premium Office Tower petaling jaya, malaysia Prime location, near IKEA Naming rights 19-storey 159,000 sq ft Stand alone 1 acre land Site works commenced tel: +603-7728 0300 fax: +603-7727 2800 www.pjtradecentre.com/point92 TUIUAN GEMILANC SDN. BHD.
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  • EMERGING ENTERPRISE 2010
    • Article, Illustration
      Lock icon The multitasking method
      1248 11  -  Simply Freight attributes its success to its small, but versatile team of capable staff, reports ABIGAIL KOR ABIGAIL KOR HOMEGROWN logistics and supply chain management specialist Simply Freight Services believes that it has its people to thank for its thriving business. The company, which deals with air
      YEN MENG JIIN  -  1,248 words
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      210 11 This is the sixth of a series of features on the 15 finalists of the Emerging Enterprise 2010 Awards. Jointly presented by The Business Times and OCBC Bank, the EE 2010 recognises young SMEs with annual sales of less than $10 million. It is supported by RSM Chio Lim, Spring
      210 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Work-family balance for Dad too
      3755 12 THIS WEEK’S TOPIC: Is there merit in making a workplace more father-friendly? What can be done? Lim Soon Hock Managing Director PLAN-B ICAG Pte Ltd THERE are compelling reasons for making a workplace more father-friendly. Given that more of our women are working in contemporary
      FILE PHOTO  -  3,755 words
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      537 13 For the complete list of views from CEOs, go to http://businesstimes.com.sg t forLife Conference 2010 r r Date: 14 May 2010 Time: 1 pm Venue: Orchard Hotel Tickets: $12 per person For companies buying 4 tickets, get the 5th one Free! (Lunch Tea Break provided). Tickets are available at SISTIC.
      537 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Crowd-funding for startups
      939 14  -  Idea behind this emerging model is to fix the current inefficiencies of private seed funding for firms. By JOUKO AHVENAINEN By JOUKO AHVENAINEN The writer is co-founder and chairman of Grow VC International, and a speaker at echelon 2010 (www. amiando. com/echelon2010), an upcoming conference organised by
      939 words
    • Article, Illustration
      Lock icon Sweet taste of victory
      761 14  -  SMU law students overcome the odds to win at its first global moot competition, reports SHERYL LEE CAMPUS LIFE SHERYL LEE The writer is a third year law undergraduate at the Singapore Management University TAKING part in an international law moot challenge was a first for
      761 words
  • Page 14 Advertisements
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      249 14 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      249 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Muted response to Spanish crisis
      548 15 Despite public protests, unions are reluctant to pressurise the govt AFP [MADRID] A deep recession that has led to soaring unemployment and austerity cuts has failed to spark popular anger in Spain, where the unions are reluctant to put pressure on the government, analysts say.
      AFP; AP  -  548 words
    • Article
      Lock icon Euro zone April inflation up 1.5%
      318 15 Reuters [BRUSSELS] Euro zone inflation edged up as expected last month, but remained well below the European Central Bank’s target, underlining market expectations of unchanged ECB interest rates until 2011. Consumer prices in the 16-country currency area rose 1.5 per cent year-on-year, up from
      Reuters  -  318 words
    • Article
      Lock icon Americans still see gloom as recession ebbs
      368 15 Pessimism shown by fall in expectations of future income NYT [NEW YORK] Through recession after recession over the past four decades, Americans remained more optimistic than pessimistic about their own futures, even when they grew very worried about the overall economy. But that
      NYT  -  368 words
    • Article
      Lock icon BOJ’s new loan facility to target environment, R&D: report
      225 15 Reuters [TOKYO] The Bank of Japan will set up a new lending facility aimed at banks that make loans to environment business, energy business and research and development, Japan’s Nikkei business daily reported on Saturday. The central bank announced on Friday
      Reuters  -  225 words
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      72 15 because the environment has deadlines too If it's more efficient, FedEx likes it. Our new Boeing 777F aircraft uses less fuel and gets to its destination quicker. It's part of our commitment to reduce C0 2 aircraft emissions by 20% by 2020* And find faster, greener ways to deliver your
      72 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Big stakes in offshore controversy
      639 16  -  Malaysia’s agreement with Brunei should be made public to help settle the issue MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent ONE suspects that the controversy over the oil blocks supposedly “given” away to Brunei isn’t going to go away any time soon. The controversy blew up
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    • Article, Illustration
      Lock icon Bleak future seen for Indonesia oil sector
      604 16 Multiple challenges make 965,000 bpd aim difficult to meet Reuters [JAKARTA] Indonesia’s ability to sustain economic growth is threatened by a bleak outlook for the energy sector, according to an industry analyst last Friday and a survey by PricewaterhouseCoopers. “I don’t think the
      Reuters; BLOOMBERG  -  604 words
    • Article
      Lock icon BURSA MALAYSIA
      2053 16 VOL Apr 30 RM +/-(‘000) A M Realty 0.61 0.01 37 Abric Bhd 0.17 unch 0 Advance Synergy 0.16 0.01 601 Adventa Bhd 3.40 unch 450 Ae Multi Hldgs 0.62 unch 5401 Affin Holdings 3.01 -0.01 1629 Ahmad Zaki Resou 0.88 unch 33 Aic Corp 0.78 0.03 108
      2,053 words
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      3 16 HRSHI® EL>I,S www.radio9l3.com
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      45 16 X S'F'( BLOG; 'AWARDS x 10 Award Categories 2 LOi al Overseas Celebrity Catego^s Nominate and Register Now! 48 i a m f •«>» V P C1Q0SPP nr 1 itestoihe ,atesl wocKtiusiermOTie =re«san«mo»e- Win $40,000 Organised by: worth of prizes! Closing Date: 9 May 2010 http://sgblogawards.omy.sg
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s rise beneficial for US economy: diplomat
      596 17 Fast-growing China economy important for job creation, says Robert Hormats Bloomberg [WASHINGTON] China’s economic rise since it joined the World Trade Organization (WTO) in 2001 has been a net gain to the US economy and American companies, said Robert Hormats, the State Department’s
      Bloomberg; REUTERS  -  596 words
    • Article
      Lock icon Indian artist Souza’s works may raise £2.2m at auction
      441 17 Bloomberg [LONDON] An auction of works by India’s priciest modern artist, Francis Newton Souza, is expected to raise as much as £2.2 million (S$4.6 million) as dealers look for a recovery in the country’s art market. A separately catalogued collection of
      Bloomberg  -  441 words
    • Article
      Lock icon High food costs force Indians to do more with less
      860 17 Problem lies in widening gap between supply, demand AP [MUMBAI] In India, even the gods are doing without. Food inflation that has been stuck in the double digits for a year has had a deep impact on school lunches, family
      AP  -  860 words
    • Article
      Lock icon India weighs capital controls as rupee rises
      700 17 A tax on forex deals is one move that is being considered AFP [NEW DELHI] India’s government is weighing capital controls with the rupee on the rise amid fears of “hot money” flowing into the country as investors pile back into Indian assets.
      AFP  -  700 words
    • Article
      Lock icon China revives plan for super regulator
      203 17 Reuters [BEIJING] China is reviving a plan to set up a super regulator to streamline the government’s oversight of the financial sector and reduce infighting that has hampered the existing watchdogs, local media reported yesterday. The new regulatory agency would sit on top of
      Reuters  -  203 words
    • Article
      Lock icon India, Japan set to seal FTA this year: minister
      271 17 AFP [NEW DELHI] India and Japan should be able to conclude a free trade pact to liberalise commerce this year, a minister said on Friday. Talks between the two countries had been bogged down over how much to reduce tariffs by
      AFP  -  271 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Q1 earnings season unfolds
      1016 18  -  This week does present multiple opportunities to lift investors’ spirits, none bigger than Friday’s employment report WALL STREET INSIGHT By in New ANDREW MARKS A SHARP sell-off on the day before the start of a new month, best known to investors and traders for its featured
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    • Article
      Lock icon More deficit cuts needed: Cameron
      788 18 UK ELECTION Bloomberg [LONDON] Conservative leader David Cameron, increasing his lead over Gordon Brown’s Labour Party in polls four days before elections, said his budg-et-cutting proposals are a fraction of what’s needed to repair Britain’s finances. “It’s still not enough to fill this enormous black
      Bloomberg  -  788 words
    • Article, Illustration
      Lock icon British PM on the brink in last days of election race
      671 18 AFP [LONDON] Prime Minister Gordon Brown has failed to charm voters during Britain’s general election campaign even causing serious offence to one and looks set to be voted out of Downing Street as a result. In a contest dominated
      AFP  -  671 words
    • Article, Illustration
      Lock icon Protesters in capital will be cleared, says Abhisit
      772 18 But PM gives no hint when any operation would be launched AP [BANGKOK] Thailand’s prime minister said yesterday the government was preparing to clear an area of Bangkok defended by thousands of anti-govern-ment protesters, seeking to end a crisis which has virtually
      AP; REUTERS  -  772 words
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  • GREEK DEBT CRISIS
    • Article, Illustration
      Lock icon Tax dodging a Greek way of life
      1424 19 But that is going to change. As Greece struggles to get its financial house in order, it is going after tax cheats as never before NYT [ATHENS] IthioftdeturmiN the wealthy, northern suburbs of this city, where summer temperatures often hit the high 90s,
      NYT; AFP  -  1,424 words
    • Article, Illustration
      Lock icon S&P downgrades draw ire for role in crisis
      748 19 Reuters [NEW YORK] Standard and Poor’s starring role in the latest chapter of the European debt crisis has rekindled criticism on Wall Street about the role of rating agencies in credit markets. S&P downgraded Greek debt to junk status and also cut
      Reuters; REUTERS  -  748 words
    • Article, Illustration
      Lock icon Australia unveils new tax on mining projects
      809 20 Pre-election tax overhaul will also boost pension savings for workers Reuters [CANBERRA] Australia’s government angered its booming resources sector yesterday by unveiling a new tax on mining projects from July 2012 under a sweeping pre-election tax overhaul which will also boost pension savings
      Reuters; AFP  -  809 words
    • Article
      Lock icon Millionaire support group sceptical of advisers
      571 20 Tiger 21 members must have at least US$10m to invest Reuters [NEW YORK] Financial advisers aiming to recruit members of a self-help group for multi-million-aires called Tiger 21 should be afraid, very afraid. An exclusive club whose members must have at least US$10 million
      Reuters  -  571 words
    • Article
      Lock icon Return of pariah credits marks debt market shift to mature economies
      481 20 Reuters [LONDON] The success of recent bond sales by firms from near-bankrupt Ukraine heralds the return of former credit pariahs to global markets as concerns about debt management shift away from emerging to mature economies such as Greece. In
      Reuters  -  481 words
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      Lock icon Prudential bets its future on AIA deal
      778 20 Reuters [LONDON] Tidjane Thiam has changed the face of Britain’s Prudential for good, regardless of whether his US$35.5 billion bid for AIA succeeds or not. The insurer will either land one of the most audacious takeovers since the start of the credit crunch
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      74 19 All-Touch™ Virtual Call Centre Hosted Call Centre, Hosted SMS, Hosted Fax, Hosted CRM, On-Demand. No need to buy, subscription basis. From $1,500 »Answer Calls from office, home or anywhere with Internet Low IDD call charges 1 Backup and Redundancy > Automatic Call Distribution with Voice Logger Hosted CRM optional >
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      40 20 Win Tickets To Toic\ Log on to r s£ travel iersx^m the ultimate travel resource bu SPH S7~ "NATAS Journeys Summer20 7 0"Supplement stories will go live on 1st May. Sponsored By: A DELTA Content Powered By: red nano. ,sg
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  • WORLD
    • Article, Illustration
      Lock icon Buffett strongly defends Goldman Sachs
      808 21 Would vote for Blankfein twin if new CEO needed; Berkshire swings to Q1 profit Reuters [OMAHA, Nebraska] Warren Buffett on Saturday launched a strong defence of Berkshire Hathaway Inc’s US$5 billion investment in Goldman Sachs Group Inc and the investment bank’s embattled chief executive, Lloyd
      Reuters; BLOOMBERG  -  808 words
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      Lock icon FDIC chief: let banks keep derivatives
      436 21 Forcing them to spin off the business will push it beyond regulators’ reach AP [WASHINGTON] A top government banking regulator wants Senate Democrats to let banks keep most of their business in complex and profitable securities known as derivatives. A sweeping overhaul of banking
      AP  -  436 words
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      Lock icon NY art auctions to signal return of good times
      506 21 AFP [NEW YORK] Spring auctions at Sotheby’s and Christie’s starting this week in New York are expected to confirm a return to the good times for the art market, although not at pre-recession record prices. As every year, the two big
      AFP; BLOOMBERG  -  506 words
    • Article
      Lock icon San Francisco Fed to pick new chief
      615 21 Factors other than policy leanings may influence choice Reuters [CHICAGO] San Francisco Federal Reserve president Janet Yellen’s nomination to the No 2 post at the US central bank opens the door to a potential shift at the Fed’s westernmost outpost. Ms Yellen, whose
      Reuters  -  615 words
    • Article
      Lock icon US parents must give kids a far better education: philanthropist
      457 21 Bloomberg [NEW YORK] Complacency about education has put US workers at a disadvantage competing in a global marketplace, said Eli Broad, the Los Angeles philanthropist who has crusaded for a decade to improve student achievement. US students lag behind nations
      Bloomberg  -  457 words
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  • FOCUS: OIL SPILL
    • Article, Illustration
      Lock icon Rig blast stains BP’s green image
      1138 22 The US govt says BP is responsible to pay for the cleanup, which the company says is costing millions of dollars per day AP [NEW YORK] BP brands itself a friend of the environment, an energy company that goes “beyond petroleum”. That image, worth
      AP  -  1,138 words
    • Article
      Lock icon US reserve fund to help pay for oil spill cleanup
      525 22 Up to US$1 b of the fund can be used to compensate losses NYT [WASHINGTON] The federal government has a large rainy-day fund on hand to help mitigate the expanding damage on the Gulf Coast, generated by a tax on
      NYT  -  525 words
    • Article
      Lock icon Gulf Coast spill could harm climate bill
      806 22 Historic legislation may fail if offshore drilling is included AP [WASHINGTON] A historic environmental protection bill is in danger after a massive oil spill put a new focus on the perils of offshore drilling, a feature that was supposed to win wider support
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  • AVIATION/SHIPPING
    • Article
      Lock icon Market for business jets perking up
      531 23 Observers say deliveries of the planes expected to rise only in 2012 AFP [PARIS] The market for corporate jets, which came to symbolise conspicuous consumption before the recession, is staging a timid recovery ahead of what should be a profitable future, analysts say. The
      AFP  -  531 words
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      Lock icon BA crew votes on pay deal rejected by union
      501 23 Bloomberg [LONDON] British Airways plc cabin crew began voting last Friday on a pay deal that their union says should be rejected unless the company reinstates free travel and takes back workers fired in the run up to a strike in
      Bloomberg; AFP  -  501 words
    • Article, Illustration
      Lock icon Oil tankers stretching routes to avoid Somali pirates
      477 23 Use of mother ships enables pirates to strike deeper at sea Reuters [LONDON] Oil tankers are routing their voyages further east into the Indian Ocean away from Somalia’s coastline to avoid pirates who are striking deeper out at sea, a senior ship
      Reuters; AFP  -  477 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2852 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 Amsterdam LO4031 0605 LO4032 2345 SQ323 0605 SQ324 2345 US5410 0605 US5411 2345 AZ3992 1525 KL835 1525 Athens SQ348 0105 Auckland LH9761 0640 LH9760
      2,852 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      290 23 CRYPTIC CROSSWORD Across 1 Reckless fling? (11) 10 Cat’s lunge lacking power (5) 11 Ace group with single many find dissolute (9) 12 Learned about Catholic anger for heresy (9) 13 Muscular geezer embracing broad (5) 14 Start of December’s more glacial and dangerous (6) 16 Entire US turning greedy
      290 words
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  • DINING OUT
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      Lock icon A fitting finale for Harbour Grill
      744 24  -  GUEST CHEF The Harbour Grill Oyster Bar Level 3, Hilton Singapore 581 Orchard Road Tel: 6730-3393 By Audrey Phoon HE was here last year to drive The Harbour Grill Oyster Bar during the Formula One period, and this year he’s again taking the proverbial
      744 words
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      287 24 WINE DINE AND HOSPITALITY Michelin Chef Laurent Peugeot Burgundy, France Indulge your senses with the innovative French-Japanese signatures of Guest Chef Laurent Peugeot as he showcases his culinary flair. 03-08 May 2010 From $80 for lunch $180 for dinner Culinary Master Class on Saturday 08 May Citibank cardmembers enjoy exclusive
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      65 24 Reach Serious Gourmets In This Targeted Space Enjoy special advertisement rates his dedicated culinary environment. Amy Choo Adeline Goh Amy Leo Lawrence Chang 6319 1559 6319 6127 6319 2129 *****650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan Alisa Tan Jeffrey Nah Alfred Lee 6319 2045 *****480 6319
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  • CHANGING LEGAL CLIMATE
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      Lock icon Young legal eagles’ great expectations
      1320 25  -  Law firms can expect their Gen X and Gen Y talent to stay for at least 3-5 years, if they offer the right motivation, says SUSAN DE SILVA SUSAN DE SILVA Susan de Silva is a partner at ATMD Bird Bird LLP, Singapore, and she
      FILE PHOTO  -  1,320 words
    • Article, Illustration
      Lock icon Cross-border M&As: Tread very carefully
      1136 26  -  It’s vital to be well-prepared and to obtain legal, tax, accounting and other professional advice, say ANDREW M LIM AND RICHARD YOUNG ANDREW M LIM,RICHARD YOUNG Andrew M. Lim and Richard Young are partners in Allen Gledhill LLP. Mr Lim is a speaker at Inter-Pacific
      STOCKXCHNG  -  1,136 words
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      Lock icon Business perspectives in cross-border disputes
      1225 26  -  By DESMOND ONG Desmond Ong is the managing partner of Eversheds Singapore, one of 47 offices around the world belonging to the global law firm that is Eversheds International. NOT too long ago, the economies of Western Europe, the United States and South-east Asia were
      STOCKXCHNG  -  1,225 words
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      105 25 "It's time for a clear view of those who have excelled at achieving transparency." 5™ SINGAPORE CORPORATE AWARDS Reserve the best tables at the Singapore Corporate Awards 2010. On Monday, 10 May 2010, industry leaders and business luminaries will converge at The Ritz Carlton, Grand Ballroom, to honour the year's
      105 words
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      422 27 <£> THE PURSUIT OF PERFECTION EXCEPTIONAL TECHNOLOGY EXCEPTIONAL PERFORMANCE LEXUS FULL HYBRID 9 ik v r& RX Hybrid m r GS Hybrid LS Hybrid Id 339 bhp accelerate the GS Full Hybrid from 0 100km in 5.9 seconds Even with 295 bhp the RX Full Hybrid has an optimum fuel
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9342 28 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 5 3148 8Telecom 18cd unch 2391 18 17 17 18 1.7 10.1 5.8 86.2 10 5 5834 A-Sonic 7.5 unch 289 7.5
      9,342 words
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      Lock icon SGX CATALIST
      1827 29 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 6 8 38.9 6.7 25 12 8538 t APStrategic 20.5 -1 898 22 17.5 20
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 29 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 2.190 +0.030 CapitaLand 3.760 +0.020 CapitaMall 1.960 +0.020 CityDev 10.680 -0.020 ComfortDelGro 1.570 -0.010 DBS Grp 15.300 F&N 4.930 +0.030 Genting SP 0.960 +0.020 Golden Agri 0.590 HK Land 5.350 +0.100 JMH 36.820
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    • Article
      Lock icon STOCKS ASIA
      2697 29 Transaction date: Apr 30 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.70 -0.05 10 Aeon Stores 12.20 0.08 10 Angang Steel 12.32 0.40 ***** Anhui Conch 25.15 0.62
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 29 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 2 0 0 0 3 12 2 Manufacturing 100 88 51 8 12 19 108 100 70 Commerce 21 37 26 5 7 6 26 44 32 Tpt/Stor/Comms 8 25 13
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    • Article
      Lock icon SGX ETF
      703 29 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 110 +0.5 4 110 110 109 111 502.1 883 547 CIMBAsean40 100US$ US861 -12 21 883 861
      703 words
    • Article
      Lock icon CLOB INTERNATIONAL
      269 29 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A46.5 -2.5 82 47 45 45.5 47 3.6 7.5 3.7 121.1 31 11 6017 Genting HK US$ US20 +0.5 7540
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 29 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 161,269 161,269 533,626 533,626 Manufacturing 2,753,119 115,400 2,868,519 1,749,303 8,766 1,758,069 Commerce 638,306 72,046 710,352 625,201 17,636 642,837 Tpt/Stor/Comms 637,138 25,250 662,388 1,163,658 2,547 1,166,205 Finance 181,965 91 182,056 1,333,970 9 1,333,979 Construction 306,364 68,740
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      26 29 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
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 30 In local curr In S$ In US$ dy yr dy yr dy yr Apr 30 Index Change Change Change Change Change Change World Index Preliminary 874.2 -0.2 5.0 0.1 0.9 -0.1 3.3 EAFE Preliminary 800.8 -0.1 2.0 0.3 -4.2 0.2 -1.9 Europe Preliminary 1132.5 -0.6
      365 words
    • Article
      Lock icon INTERBANK RATES
      180 30 Apr 30 $S Offer Bid Overnight 0.03 par 1-month 3/8 1/8 2-months 1/2 1/4 3-months 5/8 3/8 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.25 1 month 0.38 0.28 2 months 0.39 0.29 3 months 0.43 0.33 6 months 0.55 0.45 9 months 0.95 0.75 12
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Apr 30 S$ Bid Offer 1-month 1.3665 1.3673 2-months 1.3665 1.3673 3-months 1.3665 1.3673 6-months 1.3665 1.3674 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      162 30 Apr 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low May 10 403.5 396.0 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 TSR 20 (US cents/kg) Month High Low May 10 318.0 309.8 Jun 10 306.9 304.0 Jul 10 Aug 10 Sep 10
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 30 Apr 30 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2600 1.2980 Can dollar 1.3530 1.3690 Euro 1.8020 1.8230 NZ dollar 0.9820 1.0030 Sterling pound 2.0870 2.1110 US dollar 1.3600 1.3750 Local dollars to 100 units of foreign
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      Lock icon STOCK INDEX FUTURES
      27 30 Apr 30 Open High Sett STI May 2958 SIMSCI May 349.3 353.2 350.6 Taiwan May 286.2 290.7 285.5 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 30 Apr 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2563 2577 2579 2560 275 2758 Jun 10 2556 2541 2567 2541 1386 ***** Jul 10 2540 2558 2558 2537 5627 ***** Aug 10 2533 2549
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      353 30 Apr 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.5700 0 2428 Sep10 99.4300 0 1242 Dec10 99.2150 0 1046 Mar11 98.9200 0 3466 EUROYEN TIBOR FUTURES Jun10 99.6100 99.6200 99.6100 99.6200 0 5059 Sep10 99.6400 0 3042 Dec10 99.6450 0 1418 Mar11 99.6300 0
      353 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 30 Apr 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 29.07.2010 0.33 1-Year BY*****W 03.05.2011 0.42 0.40 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.15 104.18 104.15 5-Year N*****0N 1.375 01.10.2014 101.25
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    • Article
      Lock icon CHICAGO BOT
      105 30 Apr 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 989.50 985.75 992.25 983.00 Jul 10 999.00 996.00 1002.25 992.00 Aug 10 997.50 994.00 1000.00 990.75 Sep 10 983.75 979.50 985.50 978.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.58 38.80 39.17
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 30 CRUDE OIL PRODUCTS Apr 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 87.78 2.43 WTI (Near Mth) 85.24 2.04 Dubai (1-Mth F) 85.29 1.73 Tapis blend 91.95 1.65 Minas 91.10 1.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.94 0.88 Jet Kerosene 95.55 0.65 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2667 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.5 unch 2998 1 15 -5 4.56 49 4085 ASJ Hldgs W*****1 4.5 unch 284 1 4 1.89 22 2036 Advance SCT Ltd W*****9 0.5 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 30 Apr 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.934 6.357 0.701 7.230 41.336 83.915 0.877 10.322 2.969 1.280 78.206 41.406 1.273 6.824 1.005 29.185 30.095 0.606 0.931 Canada 1.071 6.805
      466 words
    • Article
      Lock icon SIBOR
      85 30 Apr 30 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Apr 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2722 1.2737 0.9310 0.9316 Canadian dollar 1.3621 1.3635 0.9968 0.9973 Euro 1.8162 1.8176 1.3291 1.3294 NZ dollar 0.9937 0.9946 0.7272 0.7275 Sterling pound 2.1003 2.1022 1.5370 1.5376
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    • Article
      Lock icon PRECIOUS METALS
      138 30 Apr 30 GOLD (US$/oz) Apr 30 Apr 29 Hong Kong 1173.70 1170.40 Apr 29 Apr 30 London 1164.55 1179.35 1165.55 1180.35 CAST BAR Apr 30 (S$) Selling Buying Kilobar 54,995.86 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123.05 51 5gm 349.89 256 10gm 624.88 513 20gm 1177
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    • Article
      Lock icon LONDON METALS
      71 30 Apr 30 Apr 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2225.00 2168.50 3 months 2255.00 2200.00 Copper, Grade A (US$/tonne) Cash 7396.50 7319.25 3 months 7430.00 7355.00 Lead (US$/tonne) Cash 2202.75 2204.00 3 months 2230.00 unch Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      77 30 Apr 30 COCOA (£/tonne) Close Prev High/Low May 10 2370 2364 2370/2355 Jul 10 2403 2396 2404/2388 Sep 10 2353 2354 2360/2340 Dec 10 2304 unch 2312/2299 COFFEE (US$/tonne) Close Pev High/Low May 10 1292 1282 1295/1275 Jul 10 1335 1322 1339/1316 Sep 10 1370 1356 1373/1351 SUGAR (US
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5972 31 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 31 Advertisements
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      29 31 Shipping line seking reliabli L*I* I Kl 4 TO ADVERTISE JOE WONG AT 9620 Can they find your services Here in "tKie Shipping Times? THE BUSINESS TIMES SHIPPING TIMES
      29 words
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  • BizIT
    • Article
      Lock icon Is the cloud clearing up?
      1169 33  -  Is cloud computing more hype than reality? Or is it already delivering a host of benefits to companies? RAJU CHELLAM finds out RAJU CHELLAM TWO recent developments in Singapore are expected to give a boost to cloud computing, according to market analysts. Up to 60
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    • Article
      Lock icon Issues still inhibit Cloud adoption
      281 33  -  By RAJU CHELLAM THE Cloud is still a lot of hype, as there are a number of issues that need to be dealt with. And it will take 1-2 years before Infocomm Technology (ICT) vendors and end-users develop clear approaches, roadmaps and performance metrics. That
      281 words
    • <what’s up>
      • Article
        Lock icon Broadcast Asia2010 conference in June
        80 33 THE BroadcastAsia2010 International Conference, a part of BroadcastAsia2010, will be held at the Singapore Expo from June 15-18. This year’s theme is “Integrating Technology, Experiencing Content”. The conference will feature more than 70 senior executives from leading companies who will discuss the challenges and business
        80 words
      • Article
        Lock icon SDK to increase HD media output in S’pore
        110 33 SHOWA Denko KK (SDK) will increase its hard disk (HD) media production capacity at its fully-owned subsidiary, Showa Denko HD Singapore (SHDS). HD media is one of the major components which go into Hard Disk Drives (HDD). SDK is one of the
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      • Article
        Lock icon Renowned IP lawyer makes Singapore base
        83 33 INTERNATIONALLY-reno wned Intellectual Property (IP) lawyer David Llewelyn has joined the Asian IP practice of White Case. Professor Llewelyn was previously based at the firm’s London office. Now based in Singapore, Professor Llewelyn will advise on IP matters for clients throughout Asia. He has
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      • Article
        Lock icon Twitter tops Digital Brand Index
        142 33  -  Compiled by AMIT ROY CHOUDHURY THE third instalment of the Digital Brand Index (DBI) released last week shows that forums continue to lead the pack in online technology talk in Singapore while Twitter has grown steadily in popularity in Singapore. The DBI is developed jointly
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    • Article
      Lock icon Asia is spam king but S’pore bucks trend
      319 33  -  By TIMOTHY SEOW ASIAN countries might be among the world’s biggest spammers, but Singapore does not appear to be a major contributor according to a report by IT security and control firm Sophos. The report said that Asia accounts for 33.7 per
      319 words
    • Article
      Lock icon HP unveils new Integrity Solutions
      191 33 HEWLETT-PACKARD (HP) last week said its new HP Integrity Solutions range allows users to manage their entire IT infrastructure on a single platform. The solutions offer storage, servers, networking, power, cooling and management software in one converged infrastructure. The infrastructure is built on HP’s new
      191 words
    • Article, Illustration
      Lock icon HP grabs its smart phone
      1132 33  -  IT giant’s move to buy Palm gives it the resources to take on Apple in phones and touchscreen devices &lt;we say&gt; AMIT ROY CHOUDHURY Technology Editor TOWARDS the end of last week, an early morning SMS made me nearly spill my coffee in surprise. An
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    • Article, Illustration
      Lock icon Lexmark eyes double-digit growth
      590 34  -  Printer maker aims to grow its regional sales network especially across China and India, reports ONG BOON KIAT ONG BOON KIAT US printing and imaging solutions firm Lexmark International Inc is gunning for double-digit sales growth for the Asia-Pacific region this year, said Chin Hon-Cheng, the
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    • Article
      Lock icon Singapore to be cloud hub for Amazon
      611 34  -  By AMIT ROY CHOUDHURY IN A boost to Singapore’s IT industry, one of the world’s top providers of cloud services, Amazon Web Services (AWS), a subsidiary of Amazon.com, has set up its Asia-Pacific regional base in Singapore. Speaking to BizIT, Andy Jassy, AWS’s
      611 words
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      560 34 Malaysia 8th May 2010 8.15am 6.00pm DBS Auditorium, DBS Building Tower One, 6 Shenton Way, Singapore PRESENTING MALAYSIAN LISTED COMPANIES IN nit SS EVENT HIGHLIGHTS: Welcome Address by Mr Alan Chan, CEO of SPH and Dato'Yusli Bin Mohamed Yusof, CEO of Bursa Malaysia Berhad Investment Merits Presentation by 11 large
      560 words
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      Lock icon Page 34 Advertisements Column 2
      16 34 &lt;we say&gt; HP grabs its smart phone PAGE 33 Is the cloud clearing up? Page 33
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