The Business Times, 8 August 2011

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Microfilm: NL31591
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    24 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) 138/08/2010 Monday, August 8, 2011
    24 words
  • Article, Illustration
    Lock icon Finance leaders step in to ease market turmoil
    1006 1  -  Frantic talks follow US ratings downgrade; eurozone debt comes under the spotlight By NEIL BEHRMANN in London FINANCE ministers and central bankers are frantically discussing potential strategies to counter a potential global market slide following Standard Poor’s downgrade of US Treasury securities.
    REUTERS  -  1,006 words
  • Article, Illustration
    Lock icon Citi’s game-changer puts S’pore at heart of global trade map
    598 1  -  New unit links up banks to facilitate trade advances, LCs across borders By EMILYN YAP [SINGAPORE] Trades between The Philippines and Paraguay would usually have gone unnoticed in Singapore but a few weeks ago, Citigroup’s local unit found itself in
    598 words
  • Article
    Lock icon MARKETS DIGEST
    158 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 2,994.78 -194.48 KL COMP 1,524.43 -24.38 NIKKEI 225 9,299.88 -533.15 HANG SENG 20,946.14 -1494.11 SET INDEX 1,093.38 -40.15 JAKARTA COMP 3,921.64 -209.16
    158 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon The downgrading of S&P
      822 2  -  COMMENTARY VIKRAM KHANNA Associate Editor YOU don’t have to be a fan of US economic policy to shake your head in disbelief at the downgrading of the United States’ long-term sovereign credit rating from AAA to AA plus by the credit rating agency (CRA) Standard and
      822 words
    • Article
      Lock icon Beijing movie city project eyeing Singapore touch
      473 2  -  CEO of project joint venture in town to meet developers By LYNETTE KHOO [SINGAPORE] Tucked away in the Mentougou district in western Beijing, a full-scale movie city, complete with production studios, training schools, a theme park and other entertainment facilities is in the
      473 words
    • Article, Illustration
      Lock icon MAS, AirAsia on the way to becoming bedfellows: reports
      614 2  -  Impending launch of SIA budget carrier seen hastening cooperation talks By PAULINE NG in Kuala Lumpur MALAYSIA Airlines and AirAsia will form an alliance with a view to maximising synergies, instead of continuing their head-on competition that has hurt the national
      BLOOMBERG  -  614 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      577 2 Finance leaders step in to ease turmoil FINANCE ministers and central bankers are frantically discussing potential strategies to counter a potential global market slide following Standard Poors downgrade of US Treasury securities. In the coming days, analysts expect price gyrations to continue in currency, equity and bond markets
      577 words
    • Article, Illustration
      Lock icon Services PMI mooted but sponsor needed
      849 4  -  A good candidate may be a local bank, a la JPMorgan in the global PMI series Reports by ANNA TEO [SINGAPORE] The man behind the Singapore purchasing managers’ index (PMI) is keen to develop one for the services sector, followed perhaps by a composite
      849 words
    • Article, Illustration
      Lock icon US economy dealing blow to Obama’s 2012 hopes
      861 4 Gloomy economic news sours further public mood Reuters [WASHINGTON] With every gloomy economic report, debt crisis and mood swing on Wall Street, US President Barack Obama’s fight for re-election in 2012 gets a little tougher. The recent rash of bad economic news
      Reuters; AP  -  861 words
    • Article
      Lock icon PMI formula: Variables, indexes, responses
      691 4 EVERY month, purchasing executives from some 150 companies in 12 manufacturing industries here are asked in an online poll about any change in various variables “this month compared with last month”. The idea is to get a quick gauge of what’s happening in the manufacturing
      691 words
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      19 2 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings WAT>f NOTICES
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      310 3 YOUR ADDRESS AT THE WATERFRONT CITY OF THE FUTURE. c r ATTITUDE. ALTITUDE. !|E£i U-i) SSllll! ss* ll I pi ;LU I SBBBBi j I ii if I. I. 1 11: pi' > w 'r'i mm ssBSSgiii ■S:2; !5;JiS ,.<m ssssss> 33 S'SSSSSS lift SSNSSSS > VN V I mini
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      628 4 WAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GENERAL MOTORS ASIA PACIFIC (PTE) LTD (COMPANY NO: *****1164E) (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of
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      502 4 [SAF3 NOTICES NOTICE This is to inform that Mr David Lee Lin Tuck, NRIC No. SXXXX189H is no longer in the employment of TRG ASIA PTE LTD with effect from 03 August 2011. He is therefore not authorized to transact any business or collect any monies or accounts on our
      502 words
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      146 5 THE STRAITS TIMES Print. _SXRA r 5 1 > Online. K V IIJ M it Pw I fc?. t V Now, your favourite paper comes App that brings you in a new ST the full print edition*. st Free Trial Valid from now till 7 Sept 2011 Download at App
      146 words
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  • SINGAPORE MARKETS
    • Article
      Lock icon Greenback rallies broadly on US, Europe woes
      430 6 CURRENCIES Bloomberg [NEW YORK] The US dollar rallied against 15 of its 16 most-traded counterparts as concern that the world’s largest economy is stalling and Europe’s debt crisis is worsening dampened demand for high-er-risk assets. Standard Poor’s cut the nation’s AAA rating to
      Bloomberg  -  430 words
    • Article
      Lock icon A global platform for iron ore futures
      466 6  -  COMMODITIES By V HARIHARAN The writer is interim CEO at the Singapore Mercantile Exchange THE physical market for iron ore is valued at about US$200 billion a year, making it second only to the market for crude oil. Of this, China alone accounts
      466 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1727 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Aims Amp Cap Ind Reit 2.00 2.00 2 2.00 10.75 0.27 0.22 Allgreen Prop Ltd 3.14 2.91 7 16.00 9.94 1.51 1.59 Amtek Engg Ltd 2.00 2.00
      1,727 words
    • Article, Illustration
      Lock icon Brace for rough ride in the week ahead
      630 6  -  Market players ponder whether there will be QE3 STOCKS R SIVANITHY Senior Correspondent IT’S going to be a rough ride this week as the trading funds and algorithms which currently dominate daily volume alternate between shorting and covering, all the while trying
      630 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 6 Aug 5 VALUE CLOSE BT OB/OS -1035.00-747.00 BT CADI -*****.00-505.00 BT 10-day MA -*****.00-104.00 FTSE ST Mid Cap 693.47 -23.07 FTSE ST Small Cap 482.08 -22.24 FTSE ST All Share 726.70 -27.14 FTSE ST China Top 230.18 -9.88 FTSE ST China 271.08 -12.35 FTSE ST Catalist 966.86
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Golden Agri 488,059,000 Genting SP 483,713,000 Cosco Corp 406,371,000 HPH Trust US$ 229,482,000 SingTel 221,064,000 Noble Grp 214,908,000 AddvalTech 168,825,000 Yangzijiang 168,027,000 Digiland 164,138,000 Equation 143,935,000 VALUE($) Genting SP 899,283,002 SingTel 725,279,448 Cosco Corp 609,406,890 SIA 590,931,537 DBS Grp 534,012,603 OCBC Bk 386,802,373 Noble Grp 372,674,554
      59 words
    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ *****2516.2 8.5 GLD 10US$ ***** 681.8 3.6 DBXT AUD Bonds 5AU$ ***** 649.2 3.1 DBXT iBoxxUSTr 5US$ ***** 547.7 2.3 DBXT S&P Short 10US$ 4614 415.9 8.0 DBXT AUDMM 5AU$ ***** 208.3 0.8 SIMSCI365MBePW*****0 58.5 27.0 85.7 STI 3150 DBePW*****1 37.5 21.6
      119 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN Lyxor AsiaCS 10US$ 52 30 -5013.0 -44.0 DBXT AUDMM 5US$ ***** -1350.0 -5.1 IS S&P500 ***** -1198.0 -7.6 DBXT Nifty 10US$ ***** -1033.0 -6.7 DBXT MSKorea 10US$ 5719-851.4 -10.9 DBXT MSEurope 10US$ 4246-766.0 -12.9 DBXT AUDMM 5SG$ *****-733.0 -2.8 DBXT SPASX200 10US$ 3108-697.7 -15.5 DBXT
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 WEEKLY
      5 words
    • Article
      Lock icon One-year top losers
      145 8 AUG 5 BID PRICE VALUE WEEK-ON-WEEK CHANGE Lereno Bio-Chem 0.005 25.0 1,250 China Auto Electronics 0.090 0.0 9,000 HanKore Env 0.039 0.0 3,900 MoyaDayen 0.074 0.0 9,250 C&G Industrial 0.165 -0.6 12,540 Advance SCT 0.028 -3.4 2,324 Annica 0.022 -4.3 3,652 Sinostar 0.175 -4.4 10,850 Sunshine 0.040
      145 words
    • Article
      Lock icon Analysts' top recommendations
      170 8 AUG 5 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.295 0.0 6,195 Pacific Shipping Trust 0.433 -1.6 8,660 China Kangda Food 0.088 -2.2 2,288 Cacola Furniture 0.041 -2.4 2,132 Best World 0.170 -2.9 3,400 Goodpack 1.815 -3.5 9,075 Bukit Sembawang 4.310 -3.8 4,310 Food Empire 0.350 -4.1
      170 words
    • Article, Illustration
      Lock icon Portfolios shed 6.2% on stocks sell-off
      437 8  -  TEH HOOI LING Senior Correspondent IT WAS a bloodbath with some US$2.5 trillion wiped off global stock markets. In Singapore the Straits Times Index lost 6.1 per cent. Our portfolios declined by a similar quantum. On average, the decline was 6.2 per cent. Some
      437 words
    • Article
      Lock icon Biggest upgrades in analysts’ sentiment
      151 8 sentiment VALUE AUG 5 BID PRICE WEEK-ON-WEEK CHANGE Parkway Life Reit 1.850 0.0 9,250 People's Food 0.725 -0.7 7,975 Dairy Farm 10.550 -1.7 10,550 Chemoil Energy 0.354 -2.2 10,266 UIC 2.750 -2.8 11,000 FSL Trust 0.335 -2.9 3,685 Goodpack 1.815 -3.5 7,260 Macquarie Int'l Infrastr
      151 words
    • Article
      Lock icon Highest dividend yields
      170 8 AUG 5 BID PRICE VALUE WEEK-ON-WEEK CHANGE Shanghai Asia 0.177 0.6 6,726 China Merchants (Pacific) 0.525 -0.9 5,775 Poh Tiong Choon Logistic 0.405 -1.2 11,745 Nera Telecoms 0.360 -1.4 7,920 UOB-Kay Hian 1.635 -2.1 8,175 Datapulse 0.210 -2.3 6,720 GP Industries 0.500 -2.9 7,500 Elec Eltek Int'l
      170 words
    • Article
      Lock icon Lowest forward PEs
      159 8 AUG 5 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.295 0.0 6,195 Ho Bee 1.365 -2.5 15,015 Low Keng Huat 0.380 -3.8 12,540 CWT 1.230 -4.7 17,220 Hupsteel 0.200 -4.8 6,200 ASL Marine 0.570 -5.0 5,130 SC Global 1.330 -5.7 14,630 Hong Leong Asia 2.020 -6.9 14,140
      159 words
    • Article
      Lock icon Lowest PTB portfolio
      169 8 AUG 5 BID PRICE VALUE WEEK-ON-WEEK CHANGE Orchard Parade 1.715 0.6 13,720 SanTeh 0.370 0.0 5,550 China Merchants (Pacific) 0.525 -0.9 5,775 China Flexible Packaging 0.075 -1.3 2,175 Fuxing China 0.108 -2.7 5,616 Singapore Land 6.760 -3.0 13,520 Bonvests 0.955 -3.5 8,595 Auric Pacific 0.595 -4.0 3,570
      169 words
    • Article
      Lock icon Buying by directors slides, selling stays low amid market upheaval
      1728 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE turmoil in global markets resulted in a sharp drop in buying by directors, with only nine companies that recorded 23 acquisitions worth $1.79 million, based
      1,728 words
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      92 6 HPT Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 o8 Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) i?t i ii i M ■Br*" Co. Reg. No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to buy/sell the above
      92 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Analysts now less bullish on MSCI firms here
      612 7  -  They see 4.5% EPS growth for them this year, down from 6% three months ago By FELDA CHAY HOW quickly things change. Analysts are less bullish on companies which make up the MSCI Singapore from three months ago, and now expect them
      BLOOMBERG  -  612 words
    • Article
      Lock icon Outlook not great for IPOs
      678 7  -  HOCK LOCK SIEW By R SIVANITHY WHAT’S next for initial public offers (IPOs) here for the rest of this year? The performance of the segment so far is a sore point among brokers and investors. Of the 12 new entrants in 2011 six each on
      678 words
    • Article, Illustration
      Lock icon Fuel saving technology a major boost for China Auto
      518 9  -  Associate’s new technology for ships offers major savings, reduces pollution By R SIVANITHY THEY say oil and water do not mix, but according to Neftech Pte Ltd they do provided you use the oil company’s patented cavitation fuel treatment technology. Developed
      BLOOMBERG  -  518 words
    • Article
      Lock icon COMPANY MEETINGS
      211 9 COMPANY MEETING PLACE DATE TIME Chasen Hldgs A Raffles Lounge (Level 2), Raffles Country Club, 450 Jalan Ahmad Ibrahim, Singapore *****2 08-Aug 11.30am Cityneon Hldgs E Cityneon Design Centre, 84 Genting Lane #06-01 Singapore *****4 12-Aug 9.30am Infinio Grp A Hotel Royal, Level 15 (Queen Room), 36 Newton
      211 words
    • Article
      Lock icon Construction of GLP’s Beijing logistics facilities starts
      249 9  -  By VICTORIA HO MAINBOARD-LISTED Global Logistics Properties (GLP) has begun construction of new logistics facilities in Beijing. The project, with a combined floor area of 128,000 sqm, will be built at its GLP Park Beijing Capital Airport. Construction is scheduled to be completed
      249 words
    • Article
      Lock icon PRIME LENDING RATES
      403 9 Aug 5 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 DIVIDENDS ANNOUNCED
      1314 10 Payment Ex Books Pay Ann (cts) date close date date Adv Integrated Mft aw 0.180 31-Aug 02-Sep 19-Sep 29-Jul AIMS Amp Cap Ind Reit ag 0.530 02-Aug 04-Aug 14-Sep 27-Jul Ascendasreit ad 0.040 22-Jul 26-Jul 25-Aug 19-Jul Ascendasreit ao 2.770 22-Jul 26-Jul 25-Aug 19-Jul Ascott R Trust ad
      1,314 words
    • Article
      Lock icon Tan federation to support Tony Tan for president
      360 10  -  Secretary-general: Tony Tan most qualified among the potential candidates By VICTORIA HO YESTERDAY, some of the presidential hopefuls made their rounds to meet and speak with residents in Singapore. Former deputy prime minister, Tony Tan, met some 180 representatives of the Federation
      360 words
    • Article
      Lock icon Course subsidies for property agents
      167 10 REAL estate professionals can now get training subsidies for courses, with the signing of a partnership agreement yesterday between the National Trades Union Congress (NTUC) and the Institute of Estate Agents (IEA). IEA’s nearly 1,800 members can now enjoy privileges offered by both IEA and
      167 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      135 9 The Leading Global Finance Master Degree Program m m BKf m ?Oo 5**' m wm *> I ?ClSl ,<s Master of Science in ®m Global Finance A ground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern School of Business, the MSGF Program
      135 words
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      1226 10 MATS NOTICES KHONG GUAN FLOUR MILLING LIMITED (Company Regn. No. *****0096G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of KHONG GUAN FLOUR MILLING LIMITED will be held at its registered office at 2 MacTaggart Road (Level 3),
      1,226 words
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      38 10 2010 EDITION A collection from The Business Times The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age 52 interviews by The Business Times journalists Available at all leading bookstores
      38 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Reits as another investment option
      1196 11  -  Young investors with limited capital can invest in property through these hybrid instruments, reports TEH SHI NING reports TEH SHI NING WITH one of the highest home ownership rates in the world, Singapore’s preoccupation with property is well-known. Beyond the residential sector however, land-scarce Singapore’s
      1,196 words
    • Article, Illustration
      Lock icon Aiming for financial freedom
      996 11  -  STARTING YOUNG By ENYA LIM NUSundergraduateSean Foo is not your typical chemistry engineeringgeek. He enrolled in the course as a natural progression or so he thought from doing chemical engineering in Ngee Ann Polytechnic. But that was before Sean began investing. Today, his initial investment of
      ARTHUR LEE  -  996 words
    • Article
      Lock icon Flexibility of investmentlinked policies
      431 11 ASK DR INVEST E-mail your investing questions to btyif@sph.com.sg with ‘Ask Dr Invest’ in the subject heading Q: Should I keep my investment-linked policy until death? I understand that its mortality charges will increase with age. Hence should I keep it till death, or pay a
      431 words
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      320 11 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock-market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple iPod
      320 words
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  • ECONOMY WATCH
    • Article
      Lock icon Funds losing cash on global market jitters
      705 12 Equity redemptions hit US$7.9b in a week; bonds see net US$1.2b outflow Reuters [NEW YORK] Investors scrambling for cover during the US deficit and debt ceiling talks and Europe’s ongoing sovereign debt crisis sold stock funds and bought emerging market debt and commodities,
      Reuters  -  705 words
    • Article, Illustration
      Lock icon South America braces for sharper global downturn
      485 12 Reuters [LIMA] South American nations say that they are well-positioned to withstand a sharper global downturn but want to insulate their economies further from a crisis of confidence they blame on Europe and the United States. Although most central banks in the region
      Reuters; REUTERS  -  485 words
    • Article, Illustration
      Lock icon Japan boosts profile in South, Central America
      818 12  -  Moves to drive up exports come amid China’s rising clout By ANTHONY ROWLEY in Tokyo JAPAN is taking steps to raise its diplomatic and business profile in South and Central America by a series of moves that could provide new platforms for Japanese
      AP  -  818 words
    • Article, Illustration
      Lock icon Swan: Aussie in position of strength to face tests
      449 12 The country’s economic outlook is favourable, says IMF Bloomberg [MELBOURNE] Australia’s strong economic fundamentals place the country in “a position of strength” to face global challenges even with some “soft spots” in the economy, Treasurer Wayne Swan said. The country’s low
      Bloomberg; REUTERS  -  449 words
    • Article
      Lock icon Probes of US mortgage lenders stall: report
      234 12 Reuters [CHICAGO] Federal criminal investigations into failed US mortgage lenders IndyMac Bancorp and New Century Financial Corp have stalled, the Wall Street Journal reported. A third probe, into Washington Mutual Inc (WaMu), has ended with no charges being filed, the Department of Justice
      Reuters  -  234 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Worker amnesty exercise a waste of time for many
      604 13  -  Machines break down during biometric registration process; goodwill lost as many wait for hours and are turned away MALAYSIA INSIGHT PAULINE NG KL Correspondent CONFUSION and chaos reigned at Malaysian immigration centres last week when the authorities implemented a biometric process
      604 words
    • Article
      Lock icon BURSA MALAYSIA
      1865 13 VOL Aug 5 RM +/-(‘000) A M Realty 0.44 -0.05 20 Abric Bhd 0.31 -0.01 142 Advance Synerg 0.20 unch 5349 Adventa Bhd 1.79 -0.03 322 Ae Multi Hldgs 0.25 -0.02 133 Affin Holdings 3.30 -0.09 1993 Ahmad Zaki Res 0.70 -0.05 511 Aic Corp 1.39 -0.04 487
      1,865 words
    • Article, Illustration
      Lock icon Indonesia’s palm oil exports up 10%
      330 13 Increase due to higher demand from India, China Reuters [JAKARTA] China and India helped push palm oil exports from the world’s top producer, Indonesia, up almost 10 per cent in the first half of the year from the same period last year, the nation’s
      Reuters; REUTERS  -  330 words
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      971 13 MM JACKPOT T y CO CO TODAY isiblyj Do not bet illegally. RCB Reg No: *****0202G Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IT-SELL IT-FIND IT A KB ft BANK OF
      971 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Indian markets ‘can weather global negative sentiments’
      617 14 Fundamentals are strong but the challenge is to curb inflation: minister Bloomberg [NEW DELHI] India will achieve “appreciable” growth this year and the nation’s financial markets can weather “negative sentiments” spreading across the world, Finance Minister Pranab Mukherjee said. “Our growth story is
      Bloomberg  -  617 words
    • Article, Illustration
      Lock icon Remaking of Silk Road city draws mixed sentiment
      778 14 AFP [KASHGAR, China] The call to prayer echoes across the old Silk Road city of Kashgar, drawing believers into the main mosque under the watchful eye of armed police, as building cranes loom in the distance. It’s the end of a day
      AFP  -  778 words
    • Article, Illustration
      Lock icon Ailing Sonia puts Rahul on fast track to power
      629 14 He has been named to panel that will steer ruling party AFP [NEW DELHI] The decision by an ailing Sonia Gandhi to ask her son Rahul to help steer India’s ruling party in her absence could fast-track his long-anticipat-ed succession to
      AFP; AFP FILE PHOTO  -  629 words
    • Article, Illustration
      Lock icon Beijing housing woes eased by state subsidy schemes
      700 14 More people getting homes at a fraction of market rate AFP [BEIJING] With their monthly income of 10,000 yuan (S$1,900), Beijing nurse Liang Huiqing and her husband would not have been able to get a foothold in China’s soaring property market without
      AFP  -  700 words
    • Article
      Lock icon India motor sports chief says F1 track will be ready
      412 14 Reuters [MUMBAI] India’s motor sports chief has dismissed concerns about the readiness of the track for the country’s Formula One debut in October but is unhappy about reports that the race could be shifted to the stifling heat of April
      Reuters  -  412 words
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  • WORLD
    • Article
      Lock icon Nissan to boost Japan sales, cut exports by a third
      353 15 Reuters [YOKOHAMA] Nissan Motor Co said yesterday that it aimed to boost its sales in Japan in a move that would also help reduce exports by as much as a third and reduce the impact of the yen’s crippling strength.
      Reuters  -  353 words
    • Article
      Lock icon Firms in US losing millions to cybercrooks
      637 15 Organised criminal gangs hack computers and steal money from bank accounts Bloomberg [NEW YORK] Valiena Allison got a call from her bank on a busy morning two years ago about a wire transfer from her company’s account. She told the manager she hadn’t
      Bloomberg  -  637 words
    • Article, Illustration
      Lock icon China’s Everbright delays HK IPO launch
      788 15 This marks the latest casualty of a rout in global equity markets Reuters [HONG KONG] China Everbright Bank has delayed its Hong Kong share offering of up to US$6 billion, sources said, the latest casualty of a rout in global equity markets which casts
      Reuters; AFP FILE PHOTO  -  788 words
    • Article
      Lock icon Hacking group declares cyber war on US police
      473 15 AFP [LAS VEGAS] A hacker group has claimed that it “defaced and destroyed” websites at scores of US police agencies in retaliation for the arrest of suspected peers accused of hacking into the CIA, British crime agency SOCA, and Sony. The group
      AFP  -  473 words
    • Article
      Lock icon Judge halts Aussie plan to send asylum seekers to Malaysia
      492 15 Temporary injunction a blow to unpopular Gillard AFP [MELBOURNE] An Australian judge has ordered a temporary halt to plans to send asylum seekers to Malaysia, in what could be a blow to Prime Minister Julia Gillard who had hoped the
      AFP  -  492 words
    • Article
      Lock icon New rules may threaten banks’ fat returns
      771 16 Large investment banks may struggle amid a clampdown on their riskiest activities Reuters [LONDON] Banks will struggle to recoup the fat returns they grew used to by trading anything from complex bond derivatives to gold and currencies, as a clampdown on their riskiest
      Reuters  -  771 words
    • Article, Illustration
      Lock icon Blackstone to invest in German wind farms
      640 16 AFP [BERLIN] The US investment fund Blackstone plans to invest several billion euros in German wind farms, as the biggest economy in Europe will need the energy when it abandons nuclear power by 2022. Blackstone said last Friday that it had finalised 1.2
      AFP  -  640 words
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      Lock icon Not easy for Yingluck to survive full term
      742 16 Analysts also say another judicial coup may thwart her rule AFP [BANGKOK] Thailand’s first female premier has already clinched a place in the history books, but she could struggle to survive a full term in office and end her country’s cycle of
      AFP; AP  -  742 words
    • Article
      Lock icon 500 laws in seven months – all aimed to push US recovery
      805 16 500 laws in seven months all aimed to push US recovery Ambitious job-creation and infrastructure investment plans hit by lack of funds NYT [DENVER] Here is one measure of the United States’ lingering economic trouble and the political anxiety festering in state capitals over jobs and angry voters: 500. That
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    • Article
      Lock icon S&P defends US rating cut as recriminations mount
      1012 17 It warns of further downgrades, calls standoff over debt ceiling a debacle NYT [NEW YORK] The day after Standard Poor’s took the unprecedented step of stripping the US government of its top credit rating, the ratings agency offered a full-throated defence of
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      Lock icon Economy put at risk as politicians dig in
      650 17 AFP [WASHINGTON] America’s historic loss of its top-notch credit rating failed to cool the feud between Republicans and President Barack Obama’s Democrats which threatens to drive the US economy into disaster. Despite being rebuked by ratings blue chip Standard Poor’s over political
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    • Article, Illustration
      Lock icon A SPIN THROUGH TIME
      79 17 [SHANGHAI] Models of characters from the ‘Toy Story’ film series are displayed on a high speed rotating platter lit by strobe lights to create an animation effect, at the ‘Pixar: 25 Years of Animation’ exhibition at the Shanghai Museum of Contemporary Art. Animation pioneer Pixar Studios
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    • Article
      Lock icon Buffett says cutting US rating was mistake; sees no recession
      489 17 Bloomberg [NEW YORK] Billionaire Warren Buffett said that Standard Poor’s erred when it lowered the US credit rating and reiterated his view that the economy will avoid its second recession in three years. The US, which was cut last Friday
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    • Article
      Lock icon US downgrade casts doubts on other AAA states
      546 17 S&P rating cut will hinder growth, job creation: Pimco chief Bloomberg [NEW YORK] Standard Poor’s reduction of the U.S. credit rating may make it harder for other top-rated countries to keep their AAA ranking, according to Mohamed A El-Erian of Pacific Investment
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    • Article
      Lock icon Big-name funds making profits despite crisis
      681 18 These hedge funds include Brevan Howard, Winton and Man Group’s AHL Reuters [LONDON] Big-name hedge funds such as Brevan Howard, Man Group’s AHL and Winton are making money for investors despite Europe’s deepening debt crisis which has plunged global financial markets into turmoil. As
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    • Article, Illustration
      Lock icon Citi reports US$31.7b exposure in Europe
      543 18 Funds are at risk in Greece, Italy, Spain, Portugal and Ireland Bloomberg [NEW YORK] Citigroup Inc, the third-biggest US bank, said that it has US$31.7 billion of gross funds at risk in Greece, Italy, Portugal, Spain and Ireland, including so-called hedges against potential default.
      Bloomberg; AFP FILE PHOTO  -  543 words
    • Article, Illustration
      Lock icon European banks facing liquidity squeeze again
      415 18  -  By GEORGE HAY PETER THAL LARSEN REUTERS BREAKINGVIEWS EUROPEAN bank funding is once more doing a disappearing act. Following the collapse of Lehman Brothers in 2008, banks suffered a liquidity squeeze as investors stopped buying their debt and the interbank markets dried up. Though
      REUTERS  -  415 words
    • Article, Illustration
      Lock icon Riots rock London area after man’s killing
      512 18 Reuters [LONDON] London picked itself up yesterday from some of the worst violence seen in the British capital for years which politicians and police blamed on criminal thugs but residents attributed to local tensions and anger over rising financial hardship. Rioters throwing petrol
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    • Article
      Lock icon Eurozone too complex to collapse: don
      405 18 Bloomberg [DUBLIN] The euro-area will survive the sover-eign-debt crisis, said Morgan Kelly, an economics professor at University College Dublin, dubbed Ireland’s “Doctor Doom” after forecasting the collapse of the country’s real-estate boom. “Over the past few days the problem has gotten huge,” Prof Kelly
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  • SHIPPING/AVIATION
    • Article
      Lock icon Shipping firms sue EU over sanctions
      588 19 They join suit to annul measures that had frozen their assets in the region Reuters [LONDON] Several shipping companies have launched a legal challenge against the European Union after the bloc imposed sanctions on them over their suspected involvement in Iran’s nuclear programme and
      Reuters  -  588 words
    • Article, Illustration
      Lock icon Japan, China shut ports ahead of typhoon
      475 19 Officials say typhoon could be one of the worst in the area Reuters [SINGAPORE] Japan and China have suspended some operations at several oil, dry bulk and container ports ahead of a powerful typhoon that could be one of the worst in the
      Reuters; BLOOMBERG FILE PHOTO  -  475 words
    • Article
      Lock icon Russia ban on Soviet-era jets may prove impractical
      560 19 AFP [MOSCOW] A Kremlin vow to ground Soviet-era jets after a spate of air disasters has raised fears that the remotest parts of Russia could be left cut off with no means of access by plane. Creaking aircraft such as the Tupolev
      AFP  -  560 words
    • Article
      Lock icon Baltic index flat due to growth, supply worries
      490 19 Reuters [LONDON] The Baltic Exchange’s main seafreight index, which tracks rates to ship dry commodities, was unchanged on Friday with sentiment knocked by worries over slowing economic growth and the pace of new vessel deliveries. The overall index stayed flat at 1,268
      Reuters  -  490 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 19 SGX '000 Aug 5 S$ +/-Vol CH Offshore 0.41 -0.01 418 Chuan Hup Hldg 0.25 0.01 1959 Cosco Corp 1.36 -0.08 ***** CWT Ltd 1.24 -0.03 2367 Ezra Hldgs 1.11 -0.07 ***** First Ship Lea 0.34 -0.01 1328 Freight Links 0.06 unch 2499 Grand Banks unch unch 0
      278 words
    • Article
      Lock icon Boeing unveils first Dreamliner for ANA
      285 19 Reuters [SEATTLE] Boeing Co rolled out the first 787 Dreamliner at the weekend for delivery to launch customer All Nippon Airways (ANA), decked out with the blue and white colours of the Japanese airline. Boeing presented the plane to ANA executives and crew under
      Reuters  -  285 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      309 19 CRYPTIC CROSSWORD Across 1 Sea creatures in this Walpole novel (5,6) 7 High, the Parisian church tower with spire (7) 8 Put on an act if performance cancelled (4,3) 10 Drop of ouzo when one’s in watering hole (5) 11 Club official, someone much valued at end of year (9)
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  • DINING OUT
    • Article, Illustration
      Lock icon Stuck in a style rut
      654 20  -  A lot more than cooking potential needed to make new Duxton eatery work, says JAIME EE JAIME EE NEW RESTAURANT Cafe L'Operetta 83 Duxton Road Tel: 6224-4298 GIVEN all the action in Duxton these days as the area undergoes a gentrified makeover, it comes as
      654 words
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      183 20 How to get it right the first time July/August issue out now! Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838 SINGAPORE 8PM LIVE IN 11 August
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8779 21 Week ended: Aug 5 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 21 13.2 8Telecom 14.8 -0.2 752 15 14.8 12.8 15.3 7.8 4.1 3.1 70.9 12 4.5 A-Sonic 6.2 -0.6 1034 7
      8,779 words
    • Article
      Lock icon SGX CATALIST
      1717 22 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 $mil 34 18.2 t 800 Super 18.3 -3.7 ***** 23 18.2 18.3 18.5 6.3 32.7 5.5 3.7 t AA Grp 3.7 3.6 3.8 17.6 3.6
      1,717 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 22 Stock name Close Change CapMallsAsia 1.280 -0.050 CapitaLand 2.670 -0.130 CapitaMall 1.840 -0.060 CityDev 10.090 -0.220 ComfortDelGro 1.360 -0.035 DBS Grp 14.530 -0.600 F&N 5.630 -0.210 GLP 1.930 -0.060 Genting SP 1.780 -0.075 Golden Agri 0.675 -0.035 Stock name Close Change HK Land 6.520 -0.280 JMH
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    • Article
      Lock icon STOCKS ASIA
      2619 22 Transaction date: Aug 5 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.13 unch 82 Aeon Stores 18.10 -0.40 30 Angang Steel 7.47 -0.51 ***** Anhui Conch 36.00 -0.85 ***** Anhuiexpresswa 4.95 -0.19 3390 Asia Satellite 17.00 -0.50 16 Asm Pacific 74.60 -5.90 2336 Bank Of E Asia 28.80
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    • Article
      Lock icon GLOBALQUOTE
      259 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40.5cd -2.5 5 43 40.5 40 45 3.6 8.6 3.2 105.5 55 24.5 Genting HK US$ US40 -3.5 *****8 46 39 39.5 40 2633.8
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 22 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 15 2 0 0 0 0 15 2 Manufacturing 31 163 27 11 15 10 42 178 37 Commerce 9 59 12 2 14 2 11 73 14 Tpt/Stor/Comms 1 45 1
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      Lock icon SGX ETF
      1003 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 +1 13 117 116 117 534.1 1207 890 CIMBAsean40 100US$ US1052 -67 33 1128 1052 1045 1078 42.1 350
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      Lock icon SECURITIES TRADING TURNOVER
      123 22 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 199,547 199,547 554,672 554,672 Manufacturing 1,402,587 255,706 1,658,293 1,340,918 10,290 1,351,208 Commerce 769,279 74,598 843,877 818,467 8,120 826,587 Tpt/Stor/Comms 1,446,604 27,388 1,473,992 2,648,539 3,553 2,652,092 Finance 138,642 8,196 146,838 1,456,092 1,854 1,457,946 Construction 301,734 223,707
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      26 22 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
      374 23 In local curr In S$ In US$ dy yr dy yr dy yr Aug 5 Index Change Change Change Change Change Change World Index Preliminary 810.8 -1.9 -9.7 -1.7 -11.9 -1.8 -7.3 EAFE Preliminary 691.6 -2.5 -13.7 -2.1 -13.2 -2.2 -8.7 Europe Preliminary 997.8 -1.9
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 23 CRUDE OIL PRODUCTS Aug 4 Aug CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.80 -3.27 WTI (Near Mth) 86.80 -4.89 Dubai (1-Mth F) 107.49 -2.55 Tapis blend 117.68 -3.00 Minas 113.68 -3.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.28 -1.83 Jet Kerosene 127.85 -1.95 US$/barrel Opec
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    • Article
      Lock icon CHICAGO BOT
      107 23 Aug 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1331.50 1339.25 1340.00 1316.00 Sep 11 1328.00 1336.25 1336.50 1313.50 Nov 11 1336.00 1345.25 1345.00 1321.00 Jan 12 1347.25 1356.25 1355.25 1332.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 54.90
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 23 Aug 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 03.11.2011 0.20 0.13 0.13 1-Year BY*****X 02.05.2012 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.93 104.06 104.00 5-Year N*****0W 1.125 01.04.2016 102.62
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      466 23 Aug 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6450 0 3584 Dec11 99.5650 0 4150 Mar12 99.5400 0 1841 Jun12 99.5050 0 2074 EUROYEN TIBOR FUTURES Sep11 99.6750 99.6750 99.6750 99.6750 100 1274 Dec11 99.6775 206 1478 Mar12 99.6800 300 2083 Jun12 99.6775 0
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    • Article
      Lock icon SICOM FUTURES
      162 23 Aug 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 476.0 470.0 476.0 124 290 Oct 11 475.0 470.0 475.0 30 405 Nov 11 476.0 473.0 476.0 30 395 Dec 11 478.8 473.0 478.8 58 501 Jan
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      Lock icon SMX MARKET UPDATE
      59 23 As on 5 August 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE CURRENCY Euro-US Dollar Sep-11 1.4154 1.4074 1.4089 1.413 Euro-US Dollar Cash Sep-11 1.4219 1.4061 1.4167 1.4146 Aust-US Dollar Sep-11 1.0431 1.038 1.0419 1.0517
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Aug 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.321 1.247 Can dollar 1.271 1.223 Euro 1.756 1.689 Sterling pound 2.024 1.947 NZ dollar 1.046 0.997 US dollar 1.239 1.192 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      28 23 Aug 5 Aug Open High Sett STI Aug 2978 SIMSCI Aug 354.6 354.6 343.9 Taiwan Aug 287.9 288.7 271.6 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2477 23 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 24.5 2 3 1 150 26 5.63 33 ASJ Hldgs W*****1 0.5 unch 100 1 4 12 8.00 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech
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    • Article
      Lock icon INTERBANK RATES
      179 23 Aug 5 Bid $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.26 0.16 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.65 0.45 9 months 0.75 0.55
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 23 Aug 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 6.225 0.740 8.179 46.935 89.656 0.823 11.186 3.153 1.251 90.364 44.624 1.278 7.271 0.805 30.411 31.351 0.644 1.048 Canada 0.976 6.074
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    • Article
      Lock icon SIBOR
      86 23 Aug 5 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** Aug 6 mths 0.***** 9 mths 0.***** 12
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 23 Aug 5 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2780 1.2787 1.0478 1.0482 Canadian dollar 1.2468 1.2479 1.0222 1.0229 Euro 1.7270 1.7276 1.4159 1.4162 NZ dollar 1.0213 1.0219 0.8373 0.8377 Sterling pound 1.9860 1.9867
      156 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 23 Aug 5 Aug S$ Bid Offer 1-month 1.2196 1.2198 2-months 1.2196 1.2198 3-months 1.2194 1.2196 6-months 1.2183 1.2186 Source: OCBC
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    • Article
      Lock icon PRECIOUS METALS
      147 23 Aug 5 GOLD (US$/oz) Aug 04 Aug 05 Hong Kong 1662.00 1667.50 Aug 05 Aug 04 London 1662.59 1678.03 1663.40 1678.87 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Aug 05 (S$) Selling Buying Kilobar 69,483.66 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 442
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    • Article
      Lock icon LONDON METALS
      70 23 Aug 5 Aug Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2373.25 2447.25 3 months 2402.00 2476.00 Copper, Grade A (US$/tonne) Cash 9016.50 9329.50 3 months 9041.00 9355.00 Lead (US$/tonne) Cash 2356.00 2475.25 3 months 2361.00 2490.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • Article
      Lock icon PALM OIL
      65 23 Aug 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3130 3128 3140 3130 101 2480 Sep 11 3050 3079 3091 3045 2978 ***** Oct 11 3021 3051 3063 3021 ***** ***** Nov 11 3010 3044
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    • Article
      Lock icon LIFFE
      82 23 Aug 5 COCOA (£/tonne) Close Prev High/Low Sep 11 1852 1833 1901/1822 Dec 11 1881 1864 1921/1853 Mar 12 1900 1883 1937/1873 May 12 1909 1896 1919/1885 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2062 2045 2105/2035 Nov 11 2095 2076 2138/2070 Jan 12 2117 2097 2160/2090 Mar 12
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  • Article
    Lock icon SHIPPING TIMES
    5232 24 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads
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  • Page 24 Advertisements
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      41 24 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Polycom in aggressive Asia-Pacific expansion
      896 26  -  Its momentum is a result of a number of investments that it has made in the region, particularly in China, reports VICTORIA HO reports VICTORIA HO POLYCOM CEO Andy Miller comes to Asia at least six times a year. This because 24 per cent of
      896 words
    • Article
      Lock icon Do Android phones create Angry Networks?
      868 26  -  Ads in free games such as Android’s ‘Angry Birds’ generate more signals and thus put heavy burden on networks <you say> By PAUL TYLER The author is the head of Asia-Pacific for Nokia Siemens Networks THE ongoing explosion of technology and smart devices has
      868 words
    • Article
      Lock icon A ‘back door’ for hackers to wreak havoc at plants
      614 26 Reuters [LAS VEGAS] Evil hackers with state-of-the-art computers gain remote control of a power plant and blow it up, killing many people and threatening more mayhem if a huge ransom is not paid. It’s a storyline straight out of a
      Reuters  -  614 words
    • Article, Illustration
      Lock icon HP’s TouchPad a user experience innovation
      909 27  -  The WebOS-based tablet demonstrates a new, intuitive way to multi-tasking <cool stuff> VICTORIA HO Reporter HEWLETT-PACK-ARD’s (HP) first WebOS tablet is slick, but the TouchPad’s destiny might only be to fulfil its maker’s broader WebOS vision, rather than be a star itself. At first
      909 words
    • Article
      Lock icon Discount makes TouchPad cheaper than iPad
      252 27 Reuters [SAN FRANCISCO] Hewlett-Pack-ard (HP) offered on Friday a hefty discount on its TouchPad tablet in the United States, a month after it launched the WebOS-based mobile device in a booming market dominated by Apple Inc’s iPad. The company offered an instant rebate of
      Reuters  -  252 words
    • Article
      Lock icon Apple hits NY stores with trademark suit
      291 27 Reuters [NEW YORK] Apple Inc has won a temporary restraining order and preliminary injunction against several retail stores in the Chinatown section of Queens, New York that sell cases and other accessories for Apple products, including the iPhone, iPod and iPad. The company’s
      Reuters  -  291 words
    • Article
      Lock icon Microsoft-Google patent feud goes online
      613 27 AP [NEW YORK] Tech heavyweights Microsoft and Google are acting like a couple of feuding starlets in a public online spat over wait for it patents. It’s not the first time Microsoft and Google have gone at each other’s throats, nor is it likely to
      AP  -  613 words
    • Article
      Lock icon Market rout exposes high-flying tech stocks
      565 27 Shares such as Pandora are trading below IPO price Reuters [NEW YORK] The latest market rout might serve as a warning to investors who have euphorically poured money into high-flying technology stocks. Pandora Media Inc and Renren Inc are both trading below their IPO
      Reuters  -  565 words
    • <what’s up>
      • Article, Illustration
        Lock icon 2 new Sony Ericsson Android phones
        70 27 The smartphones run Android Gingerbread 2.3, and the Xperia mini pro comes with a slide-out keyboard. The Xperia mini is priced at $398 in black, white and dark pink. The Xperia mini pro will be available from Aug 19, 2011, at $458 in black,
        70 words
      • Article
        Lock icon Another iPhone call app launches
        50 27 VONAGE has released an iPhone app that allows pay-per-call international dialing with direct payment through Apple iTunes. The app, called Time to Call, is touted to allow cheaper VoIP (Voice over Internet Protocol) calls to be made at a lower rate than typical IDD calls.
        50 words
      • Article
        Lock icon Simon Dale moves to innovation role
        60 27 SAP has made Simon Dale the head of technology and innovation for Asia-Pacific and Japan. In this newly-created role, he will focus on driving new technology areas such as cloud computing and mobility in the region for the German firm. Mr Dale was most
        60 words
      • Article
        Lock icon Colin Png goes to HP from SAP
        54 27  -  Compiled by VICTORIA HO HP has appointed Colin Png the vice-president of enterprise marketing for Asia-Pacific and Japan. Based in Singapore, Mr Png will report to Dave Shirk, senior vice-president for HP enterprise marketing worldwide. He was previously the vice-president of marketing for
        54 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      81 27 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE SURANCE FIRMS ARE ONTO YO J i I A. AUGUST20IIISW.9OI www.torqutcwn.vi PEUGEOT 508 vs CITROEN C5vs VOLVO A WO NEW BENTLEY CONTINENTAL G T UIND'BENDING PERFORMANCE EXTREME DRIVES &gt; VOLKSWAGEN JETTA &gt; HYUNDAI ELANTRA &gt; MA5ERATIGRANTURISMO MC STRADALE &gt; PORSCHE CAYMAN R &gt; AUDI At
      81 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      208 28 Sony recommends Windows® 7. make, believe lintel) inside is CORE 7 SONY For the world's chosen. The new VAIO Z Series redefines ultimate mobility and performance in extreme dimensions: 16.65mm X 1.165kg. With its 13-second boot up*, its 2 nd generation Intel® Core™ i7 Processor kicks in immediately with a
      208 words