The Business Times, 4 June 2012

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Microfilm: NL32035
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, June 4, 2012
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  • Article, Illustration
    Lock icon No Asian comfort as a lending chill looms
    1049 1  -  If European banks tighten lending now, Asian counterparts probably can’t fill void By EMILYN YAP [SINGAPORE] Don’t expect Asian banks to ride to the rescue, if another credit crunch strikes swiftly. Asian lenders had helped ease the squeeze last year when European
    FILE PHOTOS  -  1,049 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      57 1 Weekly Change ST INDEX 2,745.71 -27.04 KL COMP 1,573.59 +22.47 NIKKEI 225 8,440.25 -140.14 HANG SENG 18,558.34 -155.07 SET INDEX 1,115.19 -17.64 JAKARTA COMP 3,799.77 -102.74 MANILA COMP 5,062.44 +136.47 SEOUL COMP 1,834.51 +10.3 SHENZHEN B 646.59 +18.31 MUMBAI IND 15,965.16 -252.66 DOW 12,118.57 -336.26 NASDAQ 2,747.48 -90.05 S&P
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.036 JAPAN 1.475 KOREA Source: Bloomberg
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    • Article
      Lock icon FOREX
      49 1 us$ s$ US$ (S$ per US$) 1.289 (US$/S$ per 1.532 1.976 EURO (US$/S$/E) 1.234 1.591 Foreign currency per US$ S$ YEN 78.40 60.80 RM 3.189 2.473 HK$ 7.760 6.019 BAHT 31.84 24.70 RUPIAH 9,440 7,322 RENMINBI 6.370 4.941 INDIAN RUPEE 55.92 43.37 A$ 1.034 0.802 NZ$ 1.332 1.034
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  • Article, Illustration
    Lock icon New kids on the block grab the top honours
    586 1  -  Emerging Enterprise award winners show innovation, foresight By EVE YEO [SINGAPORE] What a way for these enterprises to emerge! Three of them, who were taking part in the Emerging Enterprise (EE) awards for the first time, managed to impress the judging
    ARTHUR LEE  -  586 words
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      229 1 DINING OUT Le Bistrot du Sommelier reincarnated PAGE 20 VIEWS FROM THE TOP Being family-friendly is good for business pages 10-11 SINGAPORE ARTS FESTIVAL Vertical Road’s spiritual quest PAGE 18 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg
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      10 1 YOUNG INVESTORS' FORUM Get rich through debt: Kiyosaki PAGE 9
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  • TOP STORIES
    • Article
      Lock icon Weighing the options for DBS’s Danamon bid
      764 2  -  As new rules emerge, outcome of Danamon deal will be crucial to the bank NEWS ANALYSIS By EMILYN YAP [SINGAPORE] DBS Group’s planned takeover of Bank Danamon hasn’t been smooth from the get-go but a real roadblock now looms ahead. After much deliberation,
      764 words
    • Article, Illustration
      Lock icon Renminbi beats yen and pound in global LCs
      765 2  -  Swift data shows it’s one of world’s top three currencies By SIOW LI SEN [SINGAPORE] China is not just a giant in global trade, the renminbi has also been taking Olympian strides in becoming an international currency. The RMB now has a
      REUTERS; Source:  -  765 words
    • Article
      Lock icon DB Platinum
      18 2 Branchen Stars R1C-A 25/05/2012 137,07 EUR 1 db X-MACRO Trading Index Fund I4D 23/05/2012 95,07 GBP
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    • Article
      Lock icon US$35m Ferrari most expensive car
      346 2 Bloomberg [LONDON] A 1962 Ferrari 250 GTO made for race driver Stirling Moss has become the world’s most expensive car, selling in a private transaction last month for US$35 million. The distinctive ap-ple-green Ferrari, one of 39 GTOs produced from 1962 to 1964, is listed
      Bloomberg  -  346 words
    • Article
      Lock icon Canada wants S’pore as disaster relief hub
      559 2  -  Minister: Move is to support US military shift towards Asia By LEE U-WEN [SINGAPORE] Singapore is currently studying a proposal by Canada to set up a logistics support hub here to carry out its disaster relief efforts and regional humanitarian assistance. This was
      559 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      499 2 No Asian comfort as a lending chill looms DON’T expect Asian banks to ride to the rescue, if another credit crunch strikes swiftly. Asian lenders had helped ease the squeeze last year when European banks retreated, but a repeat act at short notice looks unlikely, observers say. FRONT
      499 words
    • Article
      Lock icon Islamic finance conference opens tomorrow
      466 4 The Asia summit, hosted by MAS, will discuss growth prospects for the industry in the region [SINGAPORE] The leading lights of the Islamic finance world will be in Singapore this week to discuss growth prospects for the industry across Asia. Starting tomorrow, the two-day third
      466 words
    • Article, Illustration
      Lock icon Pomp, spectacle mark Queen’s 60 years on throne
      635 4 Colourful pageant kicks off four-day national celebrations Reuters [LONDON] Britain’s Queen Elizabeth II joined an armada of 1,000 boats down London’s River Thames to the pealing of bells yesterday in a spectacular highlight of four days of nationwide celebrations to mark her
      Reuters; PHOTOS: AFP  -  635 words
    • Article, Illustration
      Lock icon Corporate social responsibility breaks out of its straitjacket
      1091 4  -  More efforts helping animals, other voluntary welfare organisations found By AUDREY TAN [SINGAPORE] Young businesses are looking to give back to society, and they are exploring new ways to do so as part of their corporate social responsibility (CSR). A spokesman from
      PEH SUE ANN  -  1,091 words
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      625 3 WORKING is a regular newsletter by the Ministry of Manpower (MOM). In this issue, we discuss the re-employment of older employees. Building a globally competitive workforce and a great workplace are MOM’s business outcomes in its vision to develop A Great Workforce; A Great Workplace. Planning And Getting Ready For
      625 words
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      46 4 GROUP TOUR SPECIALIST Retreats Meetings Team Building Incentive Tours Taylormade Golf Trips East West Malaysia Hong Kong Indonesia Thailand Vietnam Cambodia Macau China We are looking forward to get a challenging assignment from you Luxury Tours Travel Pte Ltd mice@luxury.com.sg s www.luxury.com.sg 3 Tel: 6309 0850
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  • COMPANY NEWS
    • Article
      Lock icon IPOs near and far stumble on weak May
      557 5  -  YTD deal volume almost halves to US$55b, from US$100b in 2011 By CAI HAOXIANG THE decline of global stock markets in May has spooked companies looking to raise cash through initial public offerings (IPO). The planned Hong Kong listing of London luxury
      557 words
    • Article, Illustration
      Lock icon Tianjin Zhong Xin to focus on core business
      544 5  -  By AUDREY TAN TIANJIN Zhong Xin Pharmaceutical Group has given more details of a restructuring strategy which focuses on expanding sales of Chinese medicine. The firm has proposed a 486 million yuan (S$98 million) restructuring plan and is waiting for the green
      KEVIN LIM/THE STRAITS TIMES  -  544 words
    • Article, Illustration
      Lock icon Sharp fall in buying by directors
      1748 7  -  INSIDE MARKETS By ROBERT HALILI THE uncertain market conditions resulted in a sharp fall in the buying by directors last week with 19 companies that recorded 40 purchases worth $6.2 million based on filings on the exchange from May 28 to June 1. The
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      945 7 Payment Ex Books Pay Ann (cts) date close date date Action Asia ak 0.800 14-Jun 18-Jun 28-Jun 28-Mar AEM Hldgs aw 0.350 01-Aug 03-Aug 17-Aug 14-May AIMS Amp Cap Ind Reit cn 2.700 02-May 04-May 19-Jun 23-Apr Amara Hldgs an 0.600 12-Jun 14-Jun 27-Jun 12-Apr Amtek Engg aw
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    • Article
      Lock icon COMPANY MEETINGS
      176 7 COMPANY MEETING PLACE DATE TIME Yuexiu Prop A Plaza IV, Lower Lobby Novotel Century Hong Kong 238 Jaffe Road, Wanchai Hong Kong 06-Jun 11.00am Genting HK A Suite 1501, Ocean Centre 5 Canton Road, Tsimshatsui Kowloon, Hong Kong SAR 06-Jun 3.00pm Elektromotive Grp E Prince 2, Level 13
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    • Article
      Lock icon PRIME LENDING RATES
      302 7 Jun 1 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Arab Bank PLC Bank Julius Baer Co. Ltd(S) 5 Banco Bilbao Vizcaya Bank of China Limited 5.5 Bank of Communications 5.5 6 Bank Julius Baer Co. Ltd(S) Bank of New
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Laying odds on various market scenarios
      688 6  -  STOCKS R SIVANITHY Senior Correspondent ONE method employed by analysts to determine investment strategy is to assign probabilities to various scenarios using their judgement. Thus far, a loose consensus appears to be that there is a 30-40 per cent chance of Greece defaulting on
      688 words
    • Article
      Lock icon Yen gains on Spain banking crisis, slowing US recovery
      550 6 CURRENCIES Bloomberg [NEW YORK] The yen last week rose against all of its major counterparts as concern that Spain’s escalating banking crisis may spread and the slowing US economic recovery boosted demand for the safest assets. The euro fell to an
      Bloomberg  -  550 words
    • Article
      Lock icon Prices mostly slump as outlook worsens
      610 6 COMMODITIES AFP [LONDON] Most global commodity prices tumbled last week amid a bloodbath on markets as traders fled to safety in the face of poor economic data and eurozone debt crisis developments that now threaten Spain. “Rising economic uncertainty in Europe and the lack
      AFP  -  610 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1413 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 10.00 11.40 1.42 1.14 Amtek Engg 1.60 2.20 5 0.07 7.47 0.94 0.64 ARA Asset Mgt 1.38 1.50 8
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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 Jun 1 VALUE CLOSE BT OB/OS 112.00 +217.0 BT CADI -*****.00 -89.0 BT 10-day MA -*****.00 +11.00 FTSE ST Mid Cap 643.50 -5.65 FTSE ST Small Cap 423.11 -2.23 FTSE ST All Share 666.00 -6.24 FTSE ST China Top 190.77 -2.04 FTSE ST China 218.02 -1.26 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME GSH Corp 503,181,000 Noble Grp 257,533,000 Goldtron 244,493,000 NexGenSCom 240,898,000 Golden Agri 185,825,000 Sin Heng 150,463,000 Thai Beverage 143,302,000 Genting SP 132,551,000 Interra 125,413,000 TT Intl 121,900,000 VALUE($) SingTel 346,790,982 Noble Grp 285,290,789 DBS Grp 281,187,620 Keppel Corp 216,421,130 Genting SP 200,165,874 Olam 194,355,691 UOB 192,118,345
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    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 369.9 1.0 DBXT S&P Short 10US$ 3964 128.9 2.6 DBXT iBoxxUSTr 5US$ ***** 112.1 0.4 DBXT MSKorea 10US$ 5192 65.7 1.0 DBXT FTChina25 10US$ 2476 50.3 1.6 DBXT Nifty 10US$ 8794 45.1 0.4 Lyxor China H 10US$ 1241 42.5 2.7 DBXT
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    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -708.8 -2.7 Lyxor Indonesia10US$ 8472 -694.6 -6.0 Jardine C&C 4125 -205.0 -4.7 DBXT MSEurope 10US$ 3780 -188.2 -3.7 DBXT E50 10US$ 3016 -183.0 -4.5 JMH 4780 -165.0 -2.6 DBXT S&P500 10US$ 2128 -144.3 -5.0 GLD 10US$ ***** -128.9 -0.7 DBXT DBCBDJUBS
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      Lock icon FTSE ST CATALIST INDEX
      5 6 WEEKLY
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      23 7 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES
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      130 7 Working together with Scoot to reach greater heights Regular Scheduled Flights Local Time Check out FlyScoot.com for the latest information. As Scoot celebrates its new ascent to greater heights, SATS is proud to be a partner in this milestone of success. For more than 60 years, SATS has been delivering
      130 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon FZD ups the ante in design education
      665 8  -  New facility built like design studio, with state-of-the-art equipment By GLENN CHOO FZD School of Design, a Workforce Development Agency (WDA) Continuing Education and Training Centre, has moved to its new facility along Amoy Street in April 2012. This new 7,800 square feet
      ARTHUR LEE  -  665 words
    • Article, Illustration
      Lock icon All-round Italian affair at Business Times Wine Night
      274 8  -  By EVE YEO IT was an all-round Italian affair at the recent Business Times Wine Night as guests sat through a tasting of an array of wines from the Italian regions, accompanied by Italian canapes and dinner. Set in the lush greenery
      YEN MENG JIIN  -  274 words
    • Article, Illustration
      Lock icon Neuroscience marketing guru to teach at NTU
      598 8  -  She also wants to run high-level training workshops for businesses By LEE U-WEN ONE of the world’s top minds in the field of neuroscience marketing is now working in Singapore for three years as a visiting professor at the Nanyang Technological University (NTU).
      598 words
    • Article
      Lock icon BCA wins 2012 United Nations Public Service Award
      297 8  -  By MINDY TAN FOR setting up a centralised one-stop registration system for contractors who wish to tender for public sector construction projects in Singapore, the Building and Construction Authority (BCA) has been awarded the United Nations Public Service Award (UNPSA) 2012. BCA
      297 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      601 8 V WAR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF EARLY REDEMPTION TO THE NOTEHOLDERS OF PUBLIC BANK BERHAD (THE "BANK") US$400 MILLION 5.0% SUBORDINATED NOTES DUE 2017 CALLABLE WITH STEP-UP IN 2012 (THE "NOTES") ISIN XS********** NOTICE IS HEREBY GIVEN that all of the outstanding Notes will be
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      470 8 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AIOI NISSAY DOWA INSURANCE AGENCY SINGAPORE PTE. LTD. REG. NO. *****1485D (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 31 May 2012, the following
      470 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Get rich through debt, but study it: Kiyosaki
      997 9  -  Debt is ‘hand grenade’ that kills if misused, but if used smartly, debt can grow wealth too, asserts personal finance author Robert Kiyosaki. By RACHEL AU YONG By RACHEL AU YONG DON’T ask Robert Kiyosaki for tips on how to get rich.
      PHOTO: NATIONAL LLIBRARY BOARD  -  997 words
    • Article, Illustration
      Lock icon On the rocky road to success
      949 9  -  Merely Ice Cream’s director, Tham Ying Wai, tells EDWIN LOHabout the company’s highs and lows STARTING YOUNG EDWIN LOH WHEN Tham Ying Wai and two of his friends were bitten by the entrepreneurial itch three years ago, none of them could have imagined that
      YEN MENG JIIN  -  949 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      28 9 If you’re between the ages of 17 and 30 with an interesting investing or entrepreneurial story to share, do email btyif@sph.com.sg with “Starting Young” in the subject heading
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      Lock icon Page 9 Advertisements Column 2
      156 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      156 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Being family-friendly is good business
      2388 10 THIS WEEK’S TOPIC From your experience, do companies that are more family-friendly in the way they do business really do better? What are some family-friendly initiatives that you would recommend most highly? Seah Kian Peng CEO (Singapore) NTUC Fairprice Co-operative Ltd AS the first supermarket
      ST FILE PHOTO  -  2,388 words
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      221 11 RAFFLES CONVERSATIONS 2 0 11 EDITI ON The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age MARC BENIOFF “We have always believed that everything was going into the cloud, because it was a model that allowed everyone to succeed.” SHIRISH APTE
      221 words
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      Lock icon Page 11 Advertisements Column 2
      48 11 www.omy.sg A N )U •l r. y mmm M150S®S xr,< I U h mmm flSMi 0 0 sgblogawards.omy.sg 0 tm i Find properties in Malaysia Whether you're looking to invest or reside in a property in Malaysia, home in on a variety of choice listings. L a>. STPROPERTY.sg
      48 words
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      Lock icon Page 11 Advertisements Column 3
      35 11 3 %*&tk Lianhe Zaobao Singapore developers still optimistic on western China's steady progress Sfto»?fSlS{WI0*5f *arami^£Ji Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES CLA/FEB1 1/g
      35 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US hires fail to keep pace with recovery
      670 12 Employers decide to manage with current staff due to uncertain economy AP [NEW YORK] Business has picked up. Yet American companies are too nervous to step up hiring. The economy seems so gripped by uncertainties that many employers have decided to manage
      AP; AFP  -  670 words
    • Article
      Lock icon Jobless rate becomes main presidential poll weapon
      612 12 Unemployment rate rise in May seen as setback for Obama AP [WASHINGTON] President Barack Obama’s re-election campaign was smacked by a poor new economic report on Friday that said US employers created just 69,000 jobs in May, the fewest in a year, and
      AP  -  612 words
    • Article, Illustration
      Lock icon Call for govt stimulus as Asia starts feeling pain of European crisis
      515 12 China, India, South Korea report dismal economic data AFP [SHANGHAI] Weak manufacturing activity in China and dismal growth data from India have underscored Asia’s vulnerability to the European turmoil and sparked fresh calls for government intervention. Asia was
      AFP  -  515 words
    • Article
      Lock icon ECB may cut rates again as euro crisis deepens: analysts
      569 12 AFP [FRANKFURT] The European Central Bank (ECB) may cut interest rates again soon as the eurozone debt crisis deepens, but it will continue to insist that it is up to governments to find a lasting solution, analysts say. ECB watchers
      AFP  -  569 words
    • Article
      Lock icon Unemployment data may prompt Fed to launch stimulus programme
      465 12 Bloomberg [WASHINGTON] Some Federal Reserve policy makers may join Boston Fed president Eric Rosengren in backing new stimulus at a meeting this month after unemployment rose to 8.2 per cent in May, economists said. Mr Rosengren said the Fed should further
      Bloomberg  -  465 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia cap on mining stakes fuels fears
      530 13 Greater clarity on new foreign ownership rules needed: PT Vale Reuters [JAKARTA] Newly announced ownership rules for foreign-owned miners in Indonesia are a big worry and greater clarity is needed from the government, PT Vale Indonesia, the largest nickel producer in the archipelago,
      Reuters; REUTERS  -  530 words
    • Article
      Lock icon Petronas Dagangan to acquire its parent’s six firms in region
      354 13 [KUALA LUMPUR] Petronas Dagangan Bhd (PDB) plans to buy six downstream companies belonging to its parent, Petronas Nasional Bhd, in the Philippines, Vietnam, Thailand and Malaysia for RM197.3 million (S$79.8 million) as part of its strategy to expand into the
      354 words
    • Article
      Lock icon BURSA MALAYSIA
      1677 13 VOL Jun 1 RM +/-(‘000) A M Realty 0.42 unch 0 VOL Advance Synerg 0.16 unch 270 Adventa Bhd 1.39 0.03 21 Ae Multi Hldgs 0.21 0.01 10 Affin Holdings 3.07 unch 89 Ahmad Zaki Res 0.71 unch 92 Airasia Bhd 3.52 unch 2702 Alliance Finan 3.96 -0.14
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    • Article, Illustration
      Lock icon The heady mix of politics and leak of confidential info
      570 13  -  The NFC-Public Bank row comes as general election looms MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent STRANGE and unprecedented events are taking place in Malaysia. In the first instance, a state-sponsored cattle firm is suing the country’s third-largest lender for loss
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      30 13 ASIA-PACIFIC BOATING NOW WITH A NEW-LOOK! GET THE LATEST COPY TODAY Ask your local bookshop or make sure of your copy by subscribing today. Go to www.asia-pacificboating.com or email: sub@bluincmedia.com
      30 words
  • Page 13 Miscellaneous
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Cruel twists in India’s telecoms story
      651 14 Corruption, wrong policies turning a huge success into an embarrassment The Washington Post [NEW DELHI] Over the past decade, the number of cellphones in India shot up from 6.5 million to 900 million, a prime example of how an industry could exploit the vast
      The Washington Post; BLOOMBERG  -  651 words
    • Article
      Lock icon China’s non-mfg growth slows for 2nd month
      320 14 Bloomberg [BEIJING] China’s non-manufacturing industries expanded at a slower pace for a second month, as export orders declined and weakness in real estate countered strength in retailing and leasing, an official survey indicated. The purchasing managers’ index fell to 55.2 in May from
      Bloomberg  -  320 words
    • Article, Illustration
      Lock icon Petrol price rise trimmed after protests
      518 14 Expected cut follows dissent in ruling party, public anger Reuters [NEW DELHI] India’s state-run oil refiners have agreed to a partial rollback of last month’s petrol price increase, a move that was expected after a public outcry over the steepest rise in the country’s
      Reuters; BLOOMBERG  -  518 words
    • Article
      Lock icon Some Indian farmers taking banks for a ride
      744 14 Bad farm loans rising as banks face govt pressure to lend to farmers Reuters [SUPALI, India] Two years ago, Vilas Yelmar took out a 200,000 rupee (S$4,585) bank loan to develop a small grape orchard in a dusty hamlet south-east of Mumbai.
      Reuters  -  744 words
    • Article
      Lock icon Beijing seeks new ways to diversify forex investments
      444 14 Move to hedge risks in global markets, boost returns Reuters [BEIJING] China will seek new ways to invest its US$3.3 trillion of official foreign reserves in renewed efforts to hedge global financial market risks and boost returns on low yielding holdings, the
      Reuters  -  444 words
    • Article
      Lock icon China fund industry takes on banks with new bond products
      339 14 Reuters [SHANGHAI] Applications by Chinese fund companies to launch new fixed-income mutual funds have more than doubled this year compared with 2011 as the fund management industry moves to compete with wealth management products (WMPs) sold by commercial banks. Fund
      Reuters  -  339 words
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  • WORLD
    • Article, Illustration
      Lock icon Probe throws light on Japan insider trading
      647 15 Call to tighten rules, improve country’s poor corporate governance image AFP [TOKYO] A probe into insider trading has thrust the spotlight on the cosy world of Japanese share dealing, with US investment banking giant JPMorgan now ensnared in the snowballing investigation. Criminal convictions
      AFP; BLOOMBERG  -  647 words
    • Article
      Lock icon SEC approves new trading bands to curb volatility
      543 15 Reuters [NEW YORK] US securities regulators have approved a one-year pilot programme for a plan designed to protect equity markets from volatile price swings in the wake of the “flash crash” of May 6, 2010. The Securities and Exchange Commission said on
      Reuters  -  543 words
    • Article
      Lock icon End of the road for BP’s global ambitions
      631 15 Move to sell Russian venture stake points to new lean strategy Bloomberg [LONDON] BP plc’s decision to consider selling out of its Russian venture signals the end for John Browne’s vision of a British driller able to challenge Exxon Mobil Corp as
      Bloomberg  -  631 words
    • Article, Illustration
      Lock icon GM to pay off retirees, lighten pension load
      560 15 NYT [DETROIT] General Motors, the company with corporate America’s biggest pension obligations, said on Friday that it would offer lump-sum payments to thousands of white-collar retirees and pay Prudential Insurance to take over its pension payments to other retirees. The change, which
      NYT; AFP  -  560 words
    • Article
      Lock icon Negative interest rates won’t check Swiss franc
      377 15 It had limited impact in 1970s, have even less now: minister Reuters [ZURICH] Imposing negative interest rates on Swiss franc offshore holdings would do little to curb the currency’s strength, Switzerland’s economy minister said. A week ago, Swiss National Bank (SNB) chairman Thomas
      Reuters  -  377 words
    • Article, Illustration
      Lock icon US banks spared penalty threat as they prepare living will drafts
      777 16 Later versions of the plans will be subject to greater scrutiny, says FDIC official Bloomberg [WASHINGTON] JPMorgan Chase Co, Bank of America Corp and other big US banks won’t be penalised if the first drafts of their so-called living
      Bloomberg; BLOOMBERG  -  777 words
    • Article
      Lock icon Nasdaq brushes off anger over Facebook glitch
      652 16 Reuters [NEW YORK] It’s crisis communications 101 for Corporate America: when a company bungles an event as big as the Facebook IPO, alienates customers, and spawns lawsuits and regulatory inquiries, the CEO apologises and agrees to provide compensation to make things right. Everyone
      Reuters  -  652 words
    • Article
      Lock icon French state firm chiefs brace for big pay cuts
      536 16 Reuters [PARIS] The heads of French state-owned companies, such as Aeroports de Paris and utility EDF, may not like the new government’s plan to cap their pay but, with lifestyles to maintain, most will likely accept the new deal. EDF’s Henri
      Reuters  -  536 words
    • Article
      Lock icon Opinion polls see light of day in Myanmar
      429 16 Laws that have stifled free speech are starting to loosen in the country AFP [YANGON] Cowed by decades of brutal army rule, Myanmar’s population is not used to openly voicing opinions, but as a taboo on political discussion wanes, pollsters are stepping
      AFP  -  429 words
    • Article, Illustration
      Lock icon Growing Philippine political maturity seen boosting economic revival
      599 16 AFP [MANILA] The Philippines passed a crucial stress-test with the orderly sacking of its top judge, confirming a growing political maturity that is helping drive an economic revival, analysts say. The Philippine economy has for decades been one of Asia’s biggest underachievers,
      AFP  -  599 words
    • Article, Illustration
      Lock icon Merkel says she won’t agree to Germany-backed euro bonds
      836 17 Her remark comes as Obama blames eurozone leaders for not doing enough Bloomberg [BERLIN] German Chancellor Angela Merkel hardened her opposition to joint debt sharing in the euro region as President Barack Obama singled out Europe’s leaders for not doing enough
      Bloomberg; AFP  -  836 words
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      Lock icon Moody’s lowers cap on Greece credit rating
      476 17 Bloomberg [SYDNEY] Greece had its highest possible credit rating lowered by Moody’s Investors Service, which said that there’s an increasing risk that the country may exit the euro region. Greece’s country ceiling, the highest rating that can be assigned to a domestic debt
      Bloomberg; AFP  -  476 words
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      Lock icon ArcelorMittal feeling the squeeze as margins fall
      896 17 The steelmaker is fighting to increase its market share from 6.2% last year [LONDON] Lakshmi Mittal, whose US$46 billion takeover in 2006 created ArcelorMittal as the world’s largest steelmaker, is getting pushed around. The UK’s richest person can’t stop his iron-ore suppliers from
      REUTERS  -  896 words
    • Article
      Lock icon Lehman-like sell-off feared if Greece exits euro
      716 17 Reuters [PRAGUE] A Greek exit from the eurozone could thrust emerging European markets into a downward spiral similar to that seen during the 2008 financial crisis, when currencies lost up to a third of their value following the collapse of Lehman Brothers. Europe’s
      Reuters  -  716 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon An icicle in the desert
      723 18  -  Lear Dreaming flows with the gravitas of Asian rituals and elegance of Western opera, says TAN TECK HENG TAN TECK HENG IN 1997, Ong Keng Sen put Singapore on the world map with his seminal production Lear. Inspired by Shakespeare’s King Lear, Ong’s take on
      723 words
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      Lock icon Accessibility without dumbing down
      542 18  -  The Art Fest’s only classical gig gets its balance just Rite, says CHRISTOPHER LIM CHRISTOPHER LIM PRESSURE was spread evenly when there were several concerts of the same genre in previous years of the Singapore Arts Festival. But Rite(s) of Spring had to get it right
      542 words
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      Lock icon Seeking spiritual quest on Vertical Road
      596 18  -  By RACHEL LOI CHEAH UI-HOON A SYMPHONY of pounding limbs, heavy music and clouds of dust Akram Khan’s Vertical Road at the Esplanade Theatre last Friday was a tornado of rhythmic movement with few moments of quiet contemplation. Vertical Road was the eponymous British
      596 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon EADS plans to get a banking licence
      546 19 Rating downgrades of banks spark move which may allow it to tap ECB funds Reuters [FRANKFURT] European aerospace group EADS may get its own banking licence amid concerns about rating downgrades in Europe’s banking sector, departing chief financial officer Hans Peter Ring told
      Reuters; REUTERS  -  546 words
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      Lock icon Maersk Line yet to see Asia-Europe seasonal pick-up
      381 19 Reuters [COPENHAGEN] The container shipping arm of Danish oil and shipping group A P Moller-Maersk said it has not seen the usual seasonal pick-up in bookings expected at this time of year, leading Maersk Line to postpone an Asia-Eu-rope surcharge. Daily shipping
      Reuters; BLOOMBERG  -  381 words
    • Article
      Lock icon TRANSPORT STOCKS
      254 19 SGX '000 Jun 1 S$ +/-Vol CH Offshore 0.42 -0.01 267 Chuan Hup Hldg 0.21 -0.01 10 Cosco Corp 1.01 -0.01 1unch Jun 1 s$ First Ship Lea 0.17 unch 17 Freight Links 0.06 unch 690 Grand Banks unch unch 0 Jaya Hold Ltd 0.57 -0.05 200 K1Ventures
      254 words
    • Article
      Lock icon Supertankers seen earning US$25,000 daily
      392 19 Total tanker fleet will expand 6.6%, Platou estimates Bloomberg [LONDON] The largest oil tankers will earn more than previously estimated this year as stockpiling to make up for any possible loss of Iranian exports boosts revenue and distances, according to RS Platou Markets. Daily income
      Bloomberg  -  392 words
    • Article
      Lock icon Many keen on Lisbon airport manager
      265 19 Bloomberg [LISBON] Economy Minister Alvaro Santos Pereira said airport manager ANA-Aeroportos de Portugal, which the government is trying to sell this year along with state-carrier TAP SGPS, has more than a dozen potential bidders. There are also “quite a few” possible investors in TAP,
      Bloomberg  -  265 words
    • Article
      Lock icon LNG shipping:‘Chance of bubble is 50%’
      434 19 Bloomberg [LONDON] There’s a 50 per cent possibility that a bubble is developing in liquefied natural gas (LNG) shipping as owners accelerate vessel ordering, according to Nikolas Tsakos, president of Greece’s biggest public tanker company. Tsakos Energy Navigation Ltd will sign a contract to
      Bloomberg  -  434 words
    • Article
      Lock icon The Business Times Shipping times
      3530 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
      3,530 words
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      150 19 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE RATE RESTORATION EFFECTIVE 1 JULY 2012 FROM SOUTH EAST ASIA AND SOUTH ASIA TO AUSTRALIA The following participating Member Lines of the Agreement wish to advise that a Rate Restoration (RR) of USD 300.00 per TEU will
      150 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      314 19 CRYPTIC CROSSWORD Across 1 Passing around legal document or script (11) 10 Gather there’s a service (5) 11 Thorough beating means transferring allegiance (5-4) 12 Christian’s first technique has precedence (9) 13 Attempted shifting resistance to the right, worn out (5) 14 Chap returning holding friend’s petroleum jelly (6) 16
      314 words
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  • DINING OUT
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      Lock icon A cut above others
      868 20  -  Reincarnated Le Bistrot du Sommelier offers honest cooking and well-matched wines at fair prices, says JAIME EE JAIME EE RE-OPENING Le Bistrot du Sommelier 53 Armenian Street Singapore *****0 Tel: 6333 1982 IF it ain’t broke, don’t fix it. That may well be the mantra of
      868 words
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      757 20 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June, SPH News Centre (9.30am to
      757 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2968 21 Week ended: Jun 1 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 123 92.5 AIMSAMPIReit 114 +1.5 1387 114.5 112 114 114.5 7.3 10.9 507.9 M
      2,968 words
    • Article
      Lock icon SGX CATALIST
      289 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 $mil Last 4.6 1.3 t Advanced System 2.2 unch 9296 2.3 2.2 2.2 2.3 29.1 Week Last Quote 3iv Gr Yld Net M Cap High
      289 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 22 Stock name Close Change CapMallsAsia 1.385 -0.025 CapitaLand 2.500 -0.040 CapitaMall 1.800 -0.015 CityDev 9.780 -0.170 ComfortDelGro 1.450 -0.020 DBS Grp 13.130 -0.090 F&N 6.350 -0.050 GLP 2.090 +0.010 Genting SP 1.490 -0.010 Golden Agri 0.650 Stock name Close Change HK Land 5.630 +0.030 JMH 47.800
      116 words
    • Article
      Lock icon STOCKS ASIA
      2257 22 Transaction date: Jun 1 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.50 unch 0 Aeon Stores 24.60 0.50 58 Angang Steel 4.43 -0.02 3310 Anhui Conch 23.40 -0.50 ***** Anhuiexpresswa 3.40 -0.03 3378 Asia Satellite 23.10 -0.05 4 Asm Pacific 92.70 -2.70 446 Bank Of E Asia 25.85
      2,257 words
    • Article
      Lock icon GLOBALQUOTE
      224 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 $mil 49.5 31.5 AVJennings A33 -0.5 13 33 33 33 34.5 3.6 10.6 2.6 85.9 46 25.5 Genting HK US$ US31.5 +0.5 ***** 32 30.5 31 31.5 2074.1
      224 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 9 2 0 0 0 6 9 2 Manufacturing 77 64 30 16 6 10 93 70 40 Commerce 33 25 8 7 5 1 40 30 9 Tpt/Stor/Comms 15 26 3
      186 words
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      Lock icon SGX ETF
      1026 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 $mil 130 113 ABF SG Bond ETF 118.5 -0.5 34 118.5 117.5 114.5 118.8 540.9 103 95.8 CIMB APAC Div 100US$ US96 unch 1 96 96 96
      1,026 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 78,349 78,349 342,247 342,247 Manufacturing 1,186,216 416,371 1,602,587 789,233 12,894 802,127 Commerce 1,414,321 37,589 1,451,910 795,498 2,151 797,649 Tpt/Stor/Comms 407,133 55,051 462,184 730,895 14,866 745,761 Finance 74,356 74,356 709,551 709,551 Construction 379,620 35,853 415,473 55,982
      121 words
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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
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      604 23 Jun 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8465.47 8487.44 8422.50 Jun12 8545.00 8570.00 8420.00 8430.00 *****9 *****9 Sep12 8540.00 8560.00 8415.00 8420.00 6166 ***** MSCI TAIWAN INDEX FUTURES SPOT 258.18 258.18 252.87 Jun12 258.70 258.70 252.20 252.70 ***** *****9 Jul12 251.70 252.40
      604 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Jun 1 Index Change Change Change Change Change Change World Preliminary 821.3 -1.9 -1.0 -1.5 -2.5 -1.9 -2.3 EAFE Preliminary 653.2 -1.5 -4.2 -1.1 -7.2 -1.5 -7.1 Europe Preliminary 967.3 -1.8 -5.8
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      111 23 As on 1 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 516.80 516.10 534.15 40 GOLD FUT AUG2012 1561.30 1560.50 1622.20 2 CURRENCY AUD-USD FUT JUN2012 .9682 .9627 .9679 1496 EUR-USD FUT JUN2012 1.2460 1.2292 1.2433 4268 BASE METAL
      111 words
    • Article
      Lock icon CHICAGO BOT
      107 23 Jun 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1344.25 1340.00 1358.00 1317.50 Aug 12 1318.50 1322.75 1331.00 1300.50 Sep 12 1285.50 1293.75 1299.75 1271.50 Nov 12 1258.00 1270.25 1277.75 1245.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 48.59
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 23 CRUDE OIL PRODUCTS May 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.08 -1.53 WTI (Near Mth) 86.65 -0.83 Dubai (1-Mth F) 101.57 -1.38 Tapis blend 109.92 -1.48 Minas 110.82 -1.48 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 90.00 -2.83 Jet Kerosene 116.58 -1.77 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jun 1 S$ Bid Offer 1-month 1.2884 1.2895 2-months 1.2881 1.2893 3-months 1.2878 1.2890 6-months 1.2858 1.2873 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      64 23 Jun 1 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1934.50 1955.50 3 months 1972.50 1994.00 Copper, Grade A(US$/tonne) Cash 7373.00 7434.00 3 months 7361.00 7425.00 Lead(US$/tonne) Cash 1884.50 1907.00 3 months 1900.00 1921.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.50 3 months *****.00
      64 words
    • Article
      Lock icon LIFFE
      80 23 Jun 1 COCOA (£/tonne) Close Prev High/Low Jul 12 1452 1471 1469/1440 Sep 12 1451 1468 1465/1439 Dec 12 1434 1450 1447/1420 Mar 13 1419 1432 1428/1405 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2158 2180 2188/2105 Sep 12 2143 2162 2168/2088 Nov 12 2127 2147 2155/2074 Jan 13 2087
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1356 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 4 1 146 275 10.00 23 Conv Ratio Baker Technology Ltd W*****6 1.5 0.5 401 1 32 12 20.00 5 Best World Intl Ltd W*****5 0.6 1 30
      1,356 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 23 Jun 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.003 6.159 0.783 7.503 54.061 91.271 0.758 11.394 3.083 1.288 90.594 41.976 1.246 8.267 0.941 28.933 30.785 0.631 0.967 Canada 0.997 6.140
      470 words
    • Article
      Lock icon SIBOR
      56 23 Jun 1 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • Article
      Lock icon PRECIOUS METALS
      136 23 Jun 1 GOLD(US$/oz) Jun 1 May 31 Hong Kong 1564.10 1573.00 Mav 31 May 31 Jun 1 London 1565.59 1610.96 1566.51 1611.73 Source: Thomson Reuters CAST BAR Jun 1 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 155 64 5gm 440 322 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 23 Jun 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.28 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.06 100.1 100.06 5-Year N*****0Z 2.375 01-Apr-17 108.78 108.85 108.75
      89 words
    • Article
      Lock icon PALM OIL
      57 23 Jun 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 2990.0 3070.0 2990.0 2990.0 50 2523 Jul 12 3067.0 3100.0 3069.0 3005.0 1648 ***** Aug 12 3071.0 3101.0 3076.0 3005.0 ***** ***** Sep 12 3071.0 3095.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 23 Jun 1 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2458 1.2471 0.9667 0.9670 Canadian dollar 1.2419 1.2433 0.9637 0.9640 Euro 1.5904 1.5919 1.2341 1.2343 NZ dollar 0.9667 0.9684 0.7501 0.7509 Sterling pound 1.9747 1.9766 1.5323
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Jun 1 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.274 1.214 Can dollar 1.273 1.213 Euro 1.627 1.550 Sterling pound 2.020 1.943 NZ dollar 0.993 0.946 US dollar 1.310 1.260 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 23 Jun 1 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.00 0.80 12
      154 words
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  • Page 24 Advertisements
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      47 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE _1He Business Times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      Lock icon Page 24 Advertisements Column 2
      18 24 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. The business Times Shipping Times
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      Lock icon Page 25 Advertisements Column 1
      133 25 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of
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  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Singapore leads in adoption of PaaS
      845 26  -  This form of cloud service is finding traction here due to the presence of multinationals, reports AM IT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY DESPITE being a nascent sector of cloud computing, PaaS (Platform as a Service) has shown a lot of traction with
      845 words
    • Article
      Lock icon Ballooning take-up of Unity game engine in Asia
      582 26  -  By VICTORIA HO VIDEO game development is picking up quickly both at home and in the region, at least according to one game tool firm, Unity. Its general manager for Asia, Joon Goodale, told BizIT that in the last month, at least
      582 words
    • Article, Illustration
      Lock icon More deals being done at CommunicAsia
      336 26  -  By VICTORIA HO WHILE the country’s consumer PC shows tend to grab attention from bargain hunters, all eyes will be on CommunicAsia this year for a preview of how these very gadgets will evolve. The annual IT trade show has historically been the ground
      FILE PHOTO  -  336 words
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      Lock icon Blue Ocean beckons OpenText
      585 26  -  The software firm sees untapped opportunities in EIM By CLEMENT TEO MARK Barrenechea, the president and CEO of OpenText, appears to have imbibed the Blue Ocean Strategy, a 2005 business strategy book written by Insead professors W Chan Kim and Renée Mauborgne. The book illustrates what
      585 words
    • what’s up
      • Article
        Lock icon Porche BlackBerry launched
        30 26 RESEARCH In Motion has launched its Porche Design P’9981 smartphone in Singapore. It comes with a stainless steel frame, Qwerty keyboard and a hand-wrapped leather back cover.
        30 words
      • Article, Illustration
        Lock icon PadFone in Singapore
        35 26 ASUS has released the PadFone device together with StarHub in Singapore. The PadFone is a 4.3” screen Android smartphone that docks into accessories to turn it into a tablet and notebook form-factor.
        35 words
      • Article
        Lock icon Offline map for Singapore
        38 26 GARMIN Asus has launched an offline map app for the iPhone here, called the StreetPilot Onboard. It is available at $19.99 until June 10, after which it will revert to its $29.99 price tag.
        38 words
      • Article
        Lock icon Luxury audio from Loewe
        44 26 LOEWE has launched its Soundbox desktop accessory. The product is a radio and CD player with an iPod dock. It comes with two stereo speakers and amplifiers, and comes in black, silver, green, blue, red and yellow, priced at $1,060.
        44 words
      • Article
        Lock icon New MD at Huawei
        22 26 HUAWEI has appointed Zhou Bin as the managing director of its Singapore operations which employ about 800 staff.
        22 words
      • Article
        Lock icon LexisNexis appoints Asia CEO
        31 26 SHAWN Clark is the new CEO of Asia for LexisNexis legal and professional. He had been the interm managing director for LexisNexis Asia since August last year.
        31 words
      • Article
        Lock icon Parallels gets new regional VP
        39 26  -  Compiled by VICTORIA HO VIRTUALISATION vendor Parallels has appointed David Dzienciol as regional vice-president and general manager for sales in Asia-Pacific. He succeeds Jap-Jaap Jager, who has been promoted to a role in Canada.
        39 words
    • Article, Illustration
      Lock icon India’s TCS keeps itself divided to multiply growth
      708 27  -  Asia’s largest provider of IT business process outsourcing wants to be more present in the products and platforms side of IT, reports VICTORIA HO <the BizIT interview> reportsVICTORIA reportsVICTORIA HO THE secret to steering Tata Consultancy Services’ (TCS) steady growth over the
      708 words
    • Article
      Lock icon Apple taking a good look at TV, says CEO
      655 27 Company will also have closer ties with Facebook, says Cook Bloomberg [SAN FRANCISCO] Apple Inc chief executive Tim Cook said that television is an area of “intense focus” for the company as it seeks to add products that can build on
      Bloomberg  -  655 words
    • Article, Illustration
      Lock icon Shows reach new markets as Viki breaks language barriers
      719 28  -  Active community of translators helps firm to re-distribute TV shows, movies By CLEMENT TEO SINGAPORE-BASED start-up Viki is reshaping how global audiences consume TV shows, movies and music. The company pools the linguistic talent of its community of Internet users to
      719 words
    • Article
      Lock icon Google product search to list only paid items
      457 28 Move to paid model this year meant to increase revenue Bloomberg [SAN FRANCISCO] Google Inc, in a bid to boost revenue, is overhauling its online product search service to include only items from merchants that pay to be included in search results.
      Bloomberg  -  457 words
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      378 27 Panasonic ideas for life Panasonic Video Conferencing Trusted by Global Industry Leaders Successful organizations around the world, in every field imaginable, trust Panasonic Video Conferencing to optimize their daily efficiency. IT Services Provider By using Panasonic HD Video Conferencing and High-speed Fibre Broadband internet, Fujitsu was able to save even
      378 words
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      103 28 can you compete in a of constant change? you can world In today’s fluid, global marketplace business success takes agility and innovation. Most often, that means the cloud. But what’s the best way to leverage the cloud? CA Technologies can provide cloud management and security solutions that are exceptionally reliable,
      103 words