The Business Times, 20 August 2012

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Microfilm: NL32203
Total Pages: 35
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 THE BUSINESS TIMES www. usinesstimes.com.sg| usinesstimes.com.sg| MONDAY, AUGUST 20, 2012 S$1.00| S$1.00| MICA (P) 074/08/2012 stfl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article
    Lock icon F&N mulls payouts from APB sale
    36 1 SALE WINDFALL FRASER and Neave is considering paying part of the sale proceeds from its $5.59 billion deal with Heineken to shareholders, though it did not give firm numbers.| 2
    36 words
  • Article
    Lock icon All eyes on Fed minutes
    36 1 WALL ST SPELLBOUND US stocks hit a five-year high last week, but minutes from the Fed’s July meeting to be released tomorrow may shatter investors’ hopes of central bank intervention. 6
    36 words
  • Article
    Lock icon Grand Banks posts $5.6m loss
    29 1 CORPORATE RESULTS GRAND Banks Yachts posted a net loss of $5.6 million for the quarter ended June 30, due to exceptional non-cash charges. 8
    29 words
  • Article
    Lock icon Yuan comes under pressure
    39 1 china's economy CHINA’S currency is facing downward pressure as the economy has slowed for six straight quarters and the 7.6 per cent growth for Q2 was the worst since the 2008-2009 global financial crisis. 24
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  • Article, Illustration
    Lock icon Odds reshuffled in APB tussle
    1041 1  -  Final offer for Tiger beer brewer shuts door on Kindest; outcome rests on F&N’s EGM vote By Emilyn Yap emilyny@sph.com.sg Singapore HEINEKEN has sharply defined the takeover battle for Asia Pacific Breweries (APB) with a higher and final offer for the Tiger beer brewer, triggering
    AP  -  1,041 words
  • Article, Illustration
    Lock icon Not all dealers expect small car sales to be slow
    707 1  -  Premium still roughly $20,000 lower than Cat B, currently at $94,502 By Samuel Ee samuelee@sph.com.sg Singapore WITH the COE Category A premium for small cars at an all-time high of $73,501, some distributors of these models with engines of 1,600
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  • TOP STORIES
    • Article
      Lock icon Swiss, German politicos cross swords
      462 2 Reuters Zurich THE chances of any swift Swiss-German deal to counter tax evasion looked slim yesterday after politicians traded criticism over efforts to limit the traditional secrecy of Swiss banks. Swiss Defence Minister Ueli Maurer hit back at the leader of Germany’s main opposition party
      Reuters  -  462 words
    • Article
      Lock icon F&N mulls payouts from $5.59b APB sale
      374 2  -  No details given but analysts foresee ‘huge payout’ from significant proceeds By Emilyn Yap emilyny@sph.com.sg Singapore FRASER and Neave (F&N) is considering paying part of the sale proceeds from its $5.59 billion deal with Heineken to shareholders, though it did not give firm
      374 words
    • Article
      Lock icon More luxury models enter Cat A segment
      374 3  -  By Samuel Ee samuelee@sph.com,sg Singapore IN their quest for fuel efficiency, European manufacturers have downsized petrol engines and introduced forced induction to maintain or boost power. This has been a recipe for success, especially for luxury brands, whose minimum engine size in the
      374 words
    • Article, Illustration
      Lock icon China new-home prices rise in more cities
      1078 4 Increase registered in the biggest number of cities in 14 months in July, as demand returns after interest rate cuts Bloomberg Beijing CHINA’S July housing data showed that prices of new homes rose in the largest number of cities in 14 months, as
      Bloomberg; REUTERS  -  1,078 words
    • Article, Illustration
      Lock icon Risk of food crisis as crop yields fall globally
      957 5 Concern over spiking prices, tensions prompt G-20 and UN officials to consider emergency meeting on supply AFP Paris WITH drought parching farms in the United States and near the Black Sea, weak monsoon rains in India and insidious hunger in Africa’s
      AFP; AP; REUTERS  -  957 words
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      36 2 CONTENTS NEWS Top Stories 2-5 Markets 6-7 Companies 8-11 Singapore 12 Young Investors 14-15 Views From the Top 16-18 World 20-24 Stocks Stats 25 Aviation/Shipping 26 Crosswords 26 Shipping Times 27-29 Dining Out 30-31 BizIT 32-36
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      407 3 PEOPLE STRATEGIES FOR ASIA-Harnessing Change, Managing Complexity Insights for tomorrow’s business challenges BOOKNOW! GROUP DISCOUNTS AVAILABLE The need for organisations to focus on leadership and human capital strategies is more vital than ever in these uncertain economic times. The Singapore Human Capital Summit on 19-20 September provides unique Pan-Asian perspectives
      407 words
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  • MARKETS
    • Article, Illustration
      Lock icon No firm foundation for US stock rally
      977 6  -  The US economy is not improving much nor is it deteriorating a problem for those pinning hopes on QE3 WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg THE Dow Jones Industrial Average hit a five-year high and the broad Standard Poor’s 500 completed its
      AFP  -  977 words
    • Article, Illustration
      Lock icon Expect continuing resilience in volatility
      612 7  -  Index will be sensitive to offshore macro events, while local activity will follow the twists and turns of corporate action STOCKS Ven Sreenivasan ven@sph.com.sg Senior Correspondent IF you had been away for a week, Friday’s close at 3,062.11 on the Straits Times Index (STI) would
      612 words
    • Article, Illustration
      Lock icon Asian units complete weekly drop
      523 7 CURRENCIES Bloomberg Singapore ASIAN currencies had their first weekly drop in more than a month on concern regional exports will falter as China refrains from adding to measures that support growth in the region’s biggest economy. The Bloomberg-JPMorgan Asia Dollar Index lost 0.3 per cent
      Bloomberg; BLOOMBERG FILE PHOTO  -  523 words
    • Article
      Lock icon Platinum price spikes on S Africa violence
      379 7 COMMODITIES AFP London PLATINUM prices spiked last week as deadly violence costing the lives of 34 people struck a platinum mine in South Africa. Oil prices hit three-month highs on a number of factors, including positive US data and growing hopes of fresh
      AFP  -  379 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Grand Banks posts $5.6m loss on charges
      709 8  -  Company on road to recovery, it says, although shareholder attempt to replace board may dim outlook By Cai Haoxiang haoxiang@sph.com.sg Singapore YACHT builder Grand Banks Yachts posted a net loss of $5.6 million for the fourth quarter ended June 30,2012 due to exceptional
      FILE PHOTO  -  709 words
    • Article
      Lock icon KepFels to deliver wind turbine vessel early
      286 8  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore KEPPEL Corp’s shipyard unit, Keppel Fels, will deliver a wind turbine installation vessel more than a month ahead of schedule and with a good safety record. The vessel, Seafox 5, was named on Saturday at Keppel Fels with
      286 words
    • Article
      Lock icon Heavy buying by directors, companies
      1868 9  -  Rare purchases in Global Premium Hotels, Hotel Royal, Sincap Group and HLH Group. INSIDE MARKETS By Robert Halili ~The writer is managing director, Asia Insider Ltd BUYING surged while selling among directors remained low based on filings to the stock exchange from Aug 13 to
      1,868 words
    • Article, Illustration
      Lock icon Global brands, regional footprint
      1512 10 / 11  -  Tye Soon Ltd managing director Peter Ong tells Mano Sabnani how the group has divested peripheral businesses and assets, and is now set to grow its core automotive parts business in the region with new energy, deep talent and lots of cash BT-UNISIM COMPANY INSIGHT Mano
      1,512 words
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      16 10 / 11 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements NOTICES
      16 words
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      Lock icon Page 10 / 11 Advertisements Column 2
      482 10 / 11 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) What you will learn: How to connect with anyone (including difficult people) and win them over How to command presence
      482 words
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  • SINGAPORE NEWS
    • Article
      Lock icon HR’s early input key to M&A deal success
      484 12  -  Such companies almost twice as likely to achieve synergy targets like profit margin gain and talent retention: study By Andrea Soh sandrea@sph.com.sg THEY may often be late to the party, but human resources’ role in the negotiation of mergers and acquisitions (M&A)
      484 words
    • Article
      Lock icon Avoiding insolvency and de facto price-fixing arrangements
      968 12 ASK Question: I am a director of a company that produces chemical additives. The recent slowdown in Europe has affected my company’s business and, while my company has enough cash reserves to meet payment obligations to its suppliers for the next 2-3 months,
      968 words
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      Lock icon Page 12 Advertisements Column 1
      101 12 ~Have a pressing question about a corporate-law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars such
      101 words
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      Lock icon Page 13 Advertisements Column 1
      111 13 o> KM r vs r i w; \2 x-■ W >. 7 i' 1 > fc9 4 k M k i School Zone Drive Carefully *fK ■< u V TreeTopWalk (Venus Entrance) Opening Hours Tuesday lo Friday: 9.00am to 5.00pm Saturday, Sunday and Public Holiday; 8.30am to 5.00pm Closed on
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Cash not king for risk-averse
      837 14  -  There’s lots of evidence that there are better places to grow diversified portfolios. By John Wasik ~The writer is a Reuters columnist and the views expressed are his own Reuters Chicago MARKET volatility has terrified investors to such an extent that they are avoiding stocks
      Reuters; LUDWIG ILIO  -  837 words
    • Article, Illustration
      Lock icon Addicted to additives
      1161 15  -  Nanyang Poly graduate Shawn Loo’s love of cars spawned his interest in petrol additives and oils. STARTING YOUNG By Kenneth Foo kenfoo@sph.com.sg WEARING large rubber gloves and standing over a metal drum, Shawn Loo looks like a small kid running an oversized science experiment. Then he unscrews
      ARTHUR LEE  -  1,161 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      168 14 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      168 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      31 15 ~If you’re between the ages of 17 and 30, and think you’ve got an interesting investing or entrepreneurial story to share, do email btyif@sph.com.sg with ‘Starting Young’ in the subject heading
      31 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon What we want for S’pore
      4297 16 this week’s topic: What is your vision for a Singapore that the next generation of Singaporeans, and the generation after that, would love and be happy with? What key issues would we need to address in order for this vision to manifest? Lim Tit Meng
      ST FILE PHOTO  -  4,297 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      251 19 Jobs updated EVERY MINUTE A world of options at your fingertips. Sales Executive Sales Manager Sales Director Marketing Executive Marketing Manager Marketing Director Account Executive Account Manager Account Director Finance Executive Finance Manager Financial Controller Customer Service Executive Customer Service Manager Customer Service Director HR Executive HR Manager HR Director
      251 words
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  • WORLD
    • Article, Illustration
      Lock icon Lawyers target food firms with damages lawsuits
      882 20 After suing Big Tobacco and winning record settlements, US lawyers are going after Big Food, with claims they wrongly label products NYT New York DON BARRETT, a Mississippi lawyer, took in hundreds of millions of dollars a decade ago after suing Big Tobacco
      NYT; BLOOMBERG  -  882 words
    • Article
      Lock icon End ‘witch hunt’ against Wikileaks, Assange tells US
      417 20 AP AFP Bloomberg London WIKILEAKS founder Julian Assange has called on US President Barack Obama to end a “witch hunt” against his secret-spilling website, after appearing in public for the first time since he took refuge inside Ecuador’s embassy in London two
      AP; AFP; Bloomberg  -  417 words
    • Article, Illustration
      Lock icon Housing challenge for developers, buyers
      644 21  - Housing challenge for developers buyers MALAYSIA INSIGHT Pauline Ng KL Correspondent A NUMBER of housing developers in Penang are apparently considering a price revision, with new homes likely to cost 5-10 per cent more, because of a recent cement price hike raising a 50 kg bag by RM1 to RM17.50
      644 words
    • Article, Illustration
      Lock icon Economic crisis hits shops in Rome
      289 21 AFP Rome IT IS not just stifling summer heat that is keeping shoppers at bay on Rome’s Via del Corso. As the economic crisis hits locals and tourists alike, many shops have little choice but to close for good. The few people around zig-zag
      AFP; AP  -  289 words
    • Article, Illustration
      Lock icon Goldman ends independent research arm
      654 22 Demand for Hudson Street services weak after big banks and funds seek to cut costs Reuters New York GOLDMAN Sachs Group Inc has given up trying to sell research from independent analysts to its institutional clients, after spending millions of dollars on distribution only to
      Reuters; REUTERS  -  654 words
    • Article
      Lock icon No interest rate cuts unless inflations slows for sure: India
      570 22 Bloomberg New Delhi INDIA can only consider cutting interest rates when inflation starts to show “very sustainable signs of moving down”, Reserve Bank of India Deputy Governor Subir Gokarn said. “Our position on that is very clear,” Mr Gokarn said
      Bloomberg  -  570 words
    • Article, Illustration
      Lock icon China, Taiwan protest landing on Senkakus
      880 23  -  Tokyo accused of ‘provocative act’ that would ‘dramatically heighten tensions’ in the region By Anthony Rowley btworld@sph.com.sg Tokyo TERRITORIAL disputes spreading like a brushfire across East Asia flared afresh yesterday and are feared likely to escalate even further as Japanese nationalists landed and planted
      AFP  -  880 words
    • Article
      Lock icon Australia’s carbon tax hasn’t stopped investment surge: Swan
      376 23 Bloomberg Sydney AUSTRALIA’S carbon tax and a levy on mining company profits hasn’t stopped a surge in investment in the resources industry, Treasurer Wayne Swan said. “While there have been no end to the irresponsible claims made about the impact of both
      Bloomberg  -  376 words
    • Article
      Lock icon Yuan facing pressure as growth slows
      762 24 China media calling it a boon for exports and economy as yuan slips; economists points to capital outflows AFP Beijing CHINA’S currency, once on a steady upward trajectory, is facing strong downward pressure this year as the country’s once surging growth rates slow amid
      AFP  -  762 words
    • Article, Illustration
      Lock icon US salmonella outbreak hits 20 states, kills 2
      452 24 NYT New York AN outbreak of salmonella infections across 20 states in the United States has resulted in two deaths and sickened 141 people in recent weeks, state and federal authorities say. The source of the outbreak appears to be cantaloupes from
      NYT; BLOOMBERG  -  452 words
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  • MARKETS
    • Article
      Lock icon LIFE
      80 25 Aug 17 COCOA (£/tonne) Close Prev High/Low Sep 12 1624 1608 1649/1607 Dec 12 1631 1613 1657/1615 Mar 13 1615 1598 1640/1600 May 13 1617 1598 1638/1602 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2063 2064 2070/2048 Nov 12 2102 2103 2109/2086 Jan 13 2099 2101 2106/2085 Mar 13 2097
      80 words
    • Article
      Lock icon METALS
      70 25 Aug 17 GOLD(US$/oz) Aug 17 Aug 16 Hong Kong 1626.30 1611.50 Hong Kong Aug 16 Aug 17 London 1615.31 1615.74 1616.08 1616.96 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 35.40 34.75 Source: UOB PLATINUM/ Lon (US$/oz) Aug 17 Close Previous PM Fix 1455.00 1400.00 AM Fix 1456.00
      70 words
    • Article
      Lock icon PALM OIL
      60 25 Aug 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2866.0 2860.0 2899.0 2866.0 1114 7920 Oct 12 2911.0 2910.0 2940.0 2905.0 7378 ***** Nov 12 2946.0 2942.0 2971.0 2938.0 ***** ***** Dec 12 2983.0 2976.0
      60 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 25 Aug 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 15-Nov-12 0.25 6-Month BS*****S 07-Feb-13 0.26 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.04 5-Year N*****0Z 2.375 01-Apr-17 108.95
      80 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Aug 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3075 1.3092 1.0440 1.0449 Canadian dollar 1.2674 1.2689 1.0128 1.0119 Euro 1.5463 1.5476 1.2347 1.2352 NZ dollar 1.0119 1.0135 0.8080 0.8089 Sterling pound 1.9679 1.9688 1.5713 1.5714
      154 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      129 25 As on 17 August 2012 www.smx.com.sg www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 539.50 537.20 540.55 1039 GOLD FUT DEC2012 1618.90 1615.40 1619.20 6 CURRENCY EUR-USD FUT SEP2012 1.2385 1.2294 1.2325 5633 BASE METAL COPPER FUT SEP2012 7544
      129 words
    • Article
      Lock icon CHICAGO BOT
      103 25 Aug 17 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 12 1671.00 1656.25 1673.00 1649.50 Nov 12 1645.75 1625.25 1648.00 1620.50 Jan 13 1637.00 1614.75 1638.00 1609.75 Mar 13 1554.25 1534.25 1555.25 1528.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 12 53.11 53.04 53.29 52.90
      103 words
    • Article
      Lock icon OIL
      68 25 Aug 16 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 114.48 1.01 WTI (Near Mth) 95.35 1.14 Dubai (1-Mth F) 110.94 1.93 Tapis blend 119.32 2.30 Minas 119.32 1.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.56 1.39 Jet Kerosene 132.34 2.16 US$/barrel OpecOil Basket Price 112.11
      68 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Aug 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.345 1.281 Can dollar 1.296 1.235 Euro 1.581 1.506 Sterling pound 2.004 1.927 NZ dollar 1.043 0.994 US dollar 1.268 1.220 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon LONDON METALS
      71 25 Aug 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1821.25 1804.00 3 months 1858.00 1842.00 Copper, Grade A (US$/tonne) Cash 7532.50 7442.75 3 months 7539.00 7449.00 Lead (US$/tonne) Cash 1882.00 1827.50 3 months 1895.00 1847.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 17 Index Change Change Change Change Change Change World Preliminary 910.8 0.3 9.8 0.4 5.4 0.1 9.0 EAFE Preliminary 732.6 0.6 7.4 0.5 1.8 0.2 5.2 Europe Preliminary 1106.9 0.5 7.8
      373 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      102 25 Straits Times Index YTD change:+15.71% 52-week high: 3,088.45 on Aug 14,2012 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +9.12% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Dow Jones Industrial Average YTD change: +8.66% 52-week high:
      Source: Bloomberg  -  102 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Brazil general aviation thriving
      492 26 Growth of promising market closely linked to country’s economic activity AFP Sao Paulo A MAJOR air show in Sao Paulo last week turned the spotlight on the robust health of Brazil’s general aviation market, which is thriving despite the global economic slowdown. General aviation, which makes
      AFP  -  492 words
    • Article
      Lock icon Bigger Rotterdam port taking shape
      676 26 AFP Rotterdam, Netherlands FOUR years ago, Queen Beatrix gave Rotterdam the final nod to extend her kingdom into the North Sea to expand Europe’s largest harbour and forever change the shape of the Dutch coast. Planned for 15 years, the Dutch monarch’s signature was a
      AFP  -  676 words
    • Article
      Lock icon The Business Times Shipping times
      3366 27 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 STXPO TBN Antwerp/UK Destination STXPO TBN
      3,366 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      347 26 CRYPTIC CROSSWORD Across 1 Pair with time to make rhyme (7) 5 Damned fortunate! (7) 9 Works out price on a hundred and makes an approach (7) 10 Friendly sailor in a four-minute race? (7) 11 Condemns senescent criminal (9) 12 Does better netting river fishes (5) 13 Parent disheartened
      347 words
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  • Page 28 Advertisements
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      27 28 Experienced sh/p maintenance services wanted. Can they find your services here in -the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 i^9ll
      27 words
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  • DINING
    • Article, Illustration
      Lock icon Return of chef Seki
      623 30  -  By Debbie Yong debyong@sph.com.sg New restaurant Ikyu 5 Yong Siak Street Z6223-9003 IF you’ve missed his cooking, as well as his flirtatious good cheer as he serves up your sushi, good news: chef Takuma Seki is back in Singapore. The former chef de cuisine at Hide
      623 words
    • Article, Illustration
      Lock icon Ole! for Ola
      943 31  -  By Jaime Ee jaime@sph.com.sg New restaurant Ola Cocina Del Mar Marina Bay Financial Centre (Tower 3) #01-06, 12 Marina Boulevard Z6604-7050 FINALLY, a Spanish restaurant that is spot on in its authenticity has opened in Singapore. But strangely, it took an Italian to open it. With the
      PHOTOS BY ARTHUR LEE  -  943 words
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  • BizIT
    • Article, Illustration
      Lock icon Up in the clouds, outlook for AWS is bright
      963 32  -  Cloud service provider Amazon Web Services is gaining dominance, with rapid adoption across startups, SMBs, govt agencies and MNCs By Amit Roy Choudhury amit@sph.com.sg TWO years ago, Amazon Web Services (AWS), one of the world’s biggest cloud services providers, established its
      963 words
    • what’s up
      • Article
        Lock icon Avnet cloud service in Singapore
        76 32 AVNET Technology has launched a cloud service to its reseller channel in Singapore. The firm has four data centres, of which one is in Singapore, and the others are in Australia. The company will allow its resellers to brand the Avnet service as their own.
        76 words
      • Article, Illustration
        Lock icon Olympus tough camera
        41 32 OLYMPUS has released its Tough TG-320 camera in the market. The camera is waterproof to three metres, shockproof from drops from 1.5 metres, and can withstand temperatures down to -10 degrees Celsius. Optics-wise, it has a 14-megapixel sensor.
        41 words
      • Article
        Lock icon Video-recording sunglasses
        69 32  -  Compiled by Victoria Ho vhoip@sph.com.sg PIVOTHEAD Eyewear has released HD camera glasses, which allow users to record video through a pair of sunglasses. It allows the point-of-view angle to be recorded, which has been popular in sporting videos with helmet cams. It has an eight-megapixel camera, with 8Gb
        69 words
    • Article, Illustration
      Lock icon Aiming to be the Googles of big data
      1075 33  -  Two smaller analytics superstars have risen from behind their larger competitors to tackle big data By Victoria Ho vhoip@sph.com.sg BIG data seems to be the new buzzword. The term is understood to refer to the large amount of data that is constantly
      1,075 words
    • Article
      Lock icon Motorola Mobility in new case against Apple
      439 33 Bloomberg Washington GOOGLE’S Motorola Mobility said it filed a new patent-infringe-ment case against Apple claiming that features on some Apple devices, including the Siri voice-recognition program, infringe its patents. The complaint at the US International Trade Commission claims infringement of seven Motorola Mobility
      Bloomberg  -  439 words
    • Article
      Lock icon How to tap big mobile broadband potential
      853 34  -  Pay attention to 3 key success levers: efficiency, quality user experience, and innovation. By Allan Chan <YOU SAY> By Allan Chan ~The writer is president, Global Carrier Solutions, Tata Communications WITH consumers demanding access to more content than ever before anywhere and anytime
      853 words
    • Article, Illustration
      Lock icon IBM buys Texas Memory, eyes more acquisitions
      344 34 Bloomberg New York INTERNATIONAL Business Machines Corp, following a deal to buy Texas Memory Systems Inc, vowed to continue its five-year shopping spree by acquiring more companies in the storage industry. IBM announced the purchase on Thursday of closely held Texas Memory, a
      Bloomberg; AFP  -  344 words
    • Article, Illustration
      Lock icon Open door to cloud poses new security risks
      802 35  -  Trend Micro highlights threats to company networks from malicious software that steal sensitive data for commercial gains By Clement Teo btnews@sph.com.sg AS more companies begin to move to cloud computing, their networks will be exposed to new security risks and threats. And
      802 words
    • Article
      Lock icon Akamai eyes security, networking firms
      272 35 Bloomberg New York AKAMAI Technologies, frequently the target of takeover speculation, is preparing to make some acquisitions of its own to increase profit margins. Akamai, which helps businesses deliver data more quickly over the Internet, is shopping for security and networking companies, said Willie Tejada,
      Bloomberg  -  272 words
    • Article, Illustration
      Lock icon S’pore PC market seen shrinking this year
      712 36  -  Most buyers waiting out uncertain global economy while interest in smartphones and tablets have resurfaced By Amit Roy Choudhury amit@sph.com.sg SINGAPORE’S PC market is tipped to shrink a bit this year, as consumers appear to spend their money mostly on smartphones and tablets.
      FILE PHOTO  -  712 words
    • Article
      Lock icon Apple, Samsung fail to narrow patent dispute
      428 36 Bloomberg San Francisco APPLE and Samsung Electronics reported they made no progress toward narrowing their dispute over smartphone and computer tablet patents, increasing the chances a jury will decide the matter starting tomorrow. The companies said on Saturday they weren’t able to narrow
      Bloomberg  -  428 words
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