The Business Times, 27 January 2014

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Microfilm: NL32958
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, January 27, 2014
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  • Article, Illustration
    Lock icon More policies to plug healthcare gaps seen
    949 1  -  Building up infrastructure, defraying healthcare costs among suggested initiatives BUDGET 2014 By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] While Budget 2014 should seek to plug existing gaps in the local healthcare system, it is also important to work towards the longer-term need of transitioning towards
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      57 1 Weekly Change ST INDEX 3,075.99 -71.34 KL COMP 1,802.57 -10.44 NIKKEI 225 15,391.56 -342.90 HANG SENG 22,450.06 -683.29 SET INDEX 1,314.63 +19.22 JAKARTA COMP 4,437.34 +25.11 MANILA COMP 6,191.50 +204.41 SEOUL COMP 1,940.56 -3.92 SHENZHEN B 862.88 +17.71 MUMBAI IND 21,133.56 +69.94 DOW 15,879.11 -579.45 NASDAQ 4,128.17 -69.41 S&P
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 KOREA 14.606 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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    • Article
      Lock icon FOREX
      49 1 US$ S$ US$ (S$ per US$) 1.278 (US$/S$ per 1.665 2.129 EURO (US$/S$/€ 1.369 1.750 Foreign currency per US$ S$ YEN 103.40 80.90 RM 3.332 2.606 HK$ 7.762 6.072 BAHT 32.87 25.71 RUPIAH 12,178 9,526 RENMINBI 6.048 4.731 INDIAN RUPEE 62.13 48.60 A$ 1.149 0.899 NZ$ 1.209 0.946
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  • Article
    Lock icon Fraud charges in SembMarine forex case
    739 1  -  Ex-group finance director charged on 57 counts of falsifying accounts By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] The long arm of the law has caught up with Wee Sing Guan, some six years after news broke that Sembcorp Marine’s former group finance director had undertaken currency
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      138 1 VIEWS FROM THE TOP The value of quarterly reporting pages 8-9 BOARDROOM MATTERS For compliance’s sake page 4 DINING OUT Rustic take on Chinese staples PAGE 21 TOPLINE Interra’s success is well in hand PAGE 4 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to
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  • TOP STORIES
    • Article, Illustration
      Lock icon An economy of words
      656 2  -  Yesterday’s Budget statements offer clues to today’s dominant issues 2 By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] The singer Bob Marley once crooned, “In this bright future, you can’t forget your past”. As Finance Minister Tharman Shanmugaratnam prepares to deliver Singapore’s next Budget on Feb 21, a look
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    • Article
      Lock icon The key issues in MediShield Life
      604 2  -  They include the new plan’s affordability and sustainability By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Affordability and sustainability need to be among the key considerations when putting together the MediShield Life plan, which is expected to be introduced next year. An eleven-member review committee has been
      604 words
    • Article, Illustration
      Lock icon One protest leader killed as demonstrators block early voting in Thailand
      623 2 Protesters accuse govt and police of trying to bully them Re uters AFP [BANGKOK] A man identified by police as one of the leaders of anti-government protests in Thailand was shot dead yesterday when violence erupted as demonstrators in
      Reuters; AFP  -  623 words
    • Article
      Lock icon DB Platinum
      8 2 Branchen Stars R1C-A 17/01/2014 203,50 EUR
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    • Article
      Lock icon THREE-MINUTE DIGEST
      258 2 More policies to plug healthcare gap seen BUILDING up infrastructure in the intermediate and long-term care sector and defraying healthcare costs are some of the initiatives the government could introduce. FRONT PAGE Charges filed in SembMarine forex case WEE Sing Guan was charged some six years after news
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    • Article, Illustration
      Lock icon Stock selloff may continue unless Fed steps in
      752 2  -  Tweaking taper may arrest emerging market bond plunge WALL STREET INSIGHT By ROB CURRAN LAST week, US stocks had their biggest fall since 2012 as an emerging markets bond plunge sent ripples around the world. The selloff may continue this week unless
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    • Article, Illustration
      Lock icon Credit Suisse is bullish on equities
      598 3  -  A lack of viable investment options and an accelerating US economy bode well, says its head of research By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] With the good stuff no longer cheap, an accelerating US economy and a lack of viable investment options mean equities will
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    • Article
      Lock icon Abe in Delhi talks to boost business ties
      736 3  -  India is also seen as counterbalance to Chinese influence By ANTHONY ROWLEY in Tokyo FRESH from his appearance at the World Economic Forum in Davos where he sought to portray China as a threat to Asian regional stability, Japanese Prime Minister Shinzo
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      116 3 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Interra’s success is well in hand
      1124 4  -  Its oil production has been rising, profit soared in past two quarters, and share price has more than doubled from mid-2009,reportsANDREA SOH TOPLINE ANDREA SOH sandrea@sph.com.sg FOR any chief executive, a tripling in revenue and net profit in four years would be cause for
      PHOTO: YEN MENG JIIN  -  1,124 words
    • Article, Illustration
      Lock icon For compliance’s sake
      833 4  -  In the past decade, compliance has become a major area of concern for boards and management of companies, says DANIEL EE DANIEL EE The writer is a member of the Governing Council of the Singapore Institute of Directors OVER the past decade, compliance has become a major
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    • Article, Illustration
      Lock icon Directors’ buying dips, selling rises
      1650 5  -  Purchases seen in SunVic, Far East and ARA with sales in Longcheer, Yanlord, Venture, Sarin and Petra Foods, reportsROBERT INSIDE MARKETS ROBERT HALILI The writer is managing director, Asia Insider Ltd BUYING fell while the selling among directors rose based on filings on the Exchange
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    • COMPANY BRIEFS
      • Article
        Lock icon Grand Banks back in the black with $269,000 Q2 profit
        218 5 GRAND Bank Yachts has posted group net profit of $269,000 for the second quarter ended Dec 31, 2013, a reversal of a $777,000 net loss it posted for the same year-ago period reflecting a swing of about $1.05 million. This
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      • Article
        Lock icon Hi-P expects Q4 loss due mainly to relocation provision
        174 5 HI-P International said it expects to report a loss for the fourth quarter ended Dec 31, 2013, instead of a profit as previously guided. The global contract manufacturer of consumer electronics said in a regulatory filing with the Singapore Exchange yesterday
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      • Article
        Lock icon Better margin boosts Micro-Mechanics’ bottom line
        159 5 MICRO-MECHANICS (Holdings) has posted group net profit of $1.4 million for Q2 ended Dec 31, 2013, up 38.5 per cent from the same year-ago period. The group, which produces high precision tools, parts and assemblies for high technology industries, said that in addition to
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      45 5 p U pJ L ~1 V FIND THE ONES THAT FIT! 7 s 1 n c u Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. n n C"1 rJ 1 L U- ~> ■o WATS V J RECRUIT
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      186 5 A Forum for Workplace Health Promotion Practitioners and HR Managers WINNING WAYS IN WORKPLACE HEALTH A healthier workplace has potential benefits for both the employee and employer EMPLOYER may be able to look forward to better staff morale, reduced absenteeism and improved productivity EMPLOYEE feel healthier and happier, lower medical
      186 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Volatile week likely on EM, FOMC worries
      702 6  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent IT probably isn’t much consolation for investors here that Singapore is classified as one of two “developed” markets within the MSCI Asia ex-Japan index, the other being Hong Kong. We say this because Friday’s alarming collapse in
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    • Article
      Lock icon China growth concerns dent prices
      845 6 COMMODITIES AFP [LONDON] Oil prices endured a roller-coaster week, with an upbeat economic growth forecast for the world economy giving way to concerns over Chinese output. Commodity markets traders balanced the International Monetary Fund’s (IMF) global growth forecast upgrades against news that manufacturing activity in
      AFP  -  845 words
    • Article
      Lock icon Won leads week’s drop among Asian units
      479 6 CURRENCIES Bloomberg [HONG KONG] Asian currencies fell last week, led by South Korea’s won, as Chinese economic data missed estimates and a stronger US recovery added to speculation that the Federal Reserve will cut its stimulus further. The Bloomberg-JPMorgan Asia Dollar Index dropped
      Bloomberg  -  479 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1487 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2 1.75 4 10.43 13.62 1.71 1.42 Amtek Engineering Ltd 3 3.00 2 0.05 8.02 0.52 0.51 ARA Asset Management Ltd 2.29
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 6 Jan 24 VALUE CLOSE BT OB/OS -444.00 -82.00 BT CADI -*****.00-106.00 BT 10-day MA -*****.00 -45.00 FTSE ST Mid Cap 712.01 -4.79 FTSE ST Small Cap 536.18 -1.44 FTSE ST All Share 749.22 -5.47 FTSE ST China Top 198.73 -1.89 FTSE ST China 225.49 -2.76 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME KLW Hldgs 1,843,700,000 Albedo 915,272,000 HanKore 831,681,000 Charisma Energy 767,993,000 Mirach Energy 764,606,000 Memstar 543,222,000 CCM Grp 496,558,000 Transcu Grp 398,486,000 Federal Int 364,394,000 CCM Group W*****0 263,583,000 VALUE($) DBS Grp 354,011,958 SingTel 274,802,984 UOB 220,015,811 Keppel Corp 174,085,905 OCBC Bk 169,345,540 CapitaLand 159,891,338 Mirach Energy
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    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP GLD 10US$ ***** 195.6 1.3 DBXT MSTaiwan 10US$ 1965 43.5 1.8 DBXT MSINDIA 10US$ 848 35.8 3.4 DBXT MSTHAI 10US$ 1790 34.5 1.5 Vicom 545 30.0 5.8 DBXT S&P Short 10US$ 2603 24.3 0.7 DBXT FTVietnam 10US$ 2743 23.0 0.7 DBXT CSI300 10US$ 696 21.7
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    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN Pan Ocean 100 350 -2550.0 -87.9 DBXT MSKorea 10US$ 5867 -287.6 -3.7 JSH 3249 -271.0 -6.1 JMH 5500 -245.4 -3.4 Lyxor ThaiSET 10US$ ***** -218.6 -1.5 Jardine C&C 3751 -189.0 -4.8 SPDR DJIA 10US$ ***** -149.5 -0.7 Lyxor Indonesia10US$ 7494 -147.0 -1.5 UOB.ES.1401 2031 -90.0
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      Lock icon FTSE ST CATALIST INDEX
      5 6 WEEKLY
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Local start-up is first in Singapore to use ‘crowdspeaking’ platform
      635 7  -  Clickdrive turns to Thunderclap to get the word out on its innovation By JACQUELYN CHEOK jaccheok@sph.com.sg A HOMEGROWN car-tech-nology start-up has become the first company here to use online “crowdspeaking” platform Thunderclap –which garners supporters for a product or message
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    • Article, Illustration
      Lock icon Taking Heart
      333 7  -  By KELLY TAY, ARTHUR LEE kellytay@sph.com.sg arthurl@sph.com.sg Stanchart raises money for better vision LAST Thursday, $70,000 was raised for people with visual impairments through Standard Chartered Bank’s Lunar New Year party. As part of the bank’s global initiative to tackle avoidable blindness, the funds raised will help to
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      831 7 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Securities (Sep-Dec 13) ct 0.150 27-Dec 31-Dec 21-Mar 18-Dec Ascendas REIT (1 Oct-31 Dec 13) ag 3.540 23-Jan 27-Jan 27-Feb 20-Jan Ascendas REIT ES (Jan-Feb 2014) ag 3.540 23-Jan 27-Jan 27-Feb 20-Jan AscottREIT (1 Jul-31 Dec
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    • Article
      Lock icon COMPANY MEETINGS
      374 7 COMPANY MEETING PLACE DATE TIME China Fish A InterContinental S'pore 27-Jan 9.30am E 80 Middle Rd Ballroom II 27-Jan 10.00am Fraser and Neave A Level 2 Alexandra Point 27–Jan 10.00am E 438 Alexandra Road 27-Jan 10.30am Keong Hong Hldgs A Jurong Country Club Albizia Room Level 2 9
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    • Article
      Lock icon PRIME LENDING RATES
      277 7 Jan 24 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited ...5.50 Bank of Communications 5.50 ...6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 BNP Paribas Bank of Taiwan Chang
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon The value of quarterly reporting
      3203 8 THIS WEEK’S TOPIC Do the merits of quarterly financial reporting outweigh its shortcomings? Should the $75 million market capitalisation threshold be raised or should Singapore revert to half-yearly statements? Olivia Lum Chairman Group CEO Hyflux Ltd FINANCIAL scandals in recent years have cast a spotlight
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      11 9 For the complete list of views from CEOs, go to http://businesstimes.com.sg
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      265 9 ASIA’S The world of aviation will once again take centre stage pnR at Asia’s largest aerospace and defence event! Attend DluVsCol ror\ Singapore Airshow 2014 to forge partnerships and tap AVIATION’S into the unprecedented business opportunities in Asia FINEST Paci f ic s fastest growing markets. HOW TO GET THERE
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Utilities: not necessarily a power play
      2216 10  -  The electricity, water and gas sector is a hodgepodge of unsexy names and hot China stocks, reportsCAI CAI HAOXIANG FOR retirees who are looking to invest their money, or for a risk-averse person just starting out, a common question will be: What are the
      THE STRAITS TIMES FILE PHOTO  -  2,216 words
    • Article, Illustration
      Lock icon China water firms: Steaming hot, or just warming up?
      840 10  -  Regulators will likely ensure some profits for China’s water treatment firms, but the question is how MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg Correspondent CHINA is notorious for its pollution and environmental problems. The Chinese government, in response, has been strengthening regulations and
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      156 10 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
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Khazanah will approach 2014 with caution, says MD
      1191 11 Uncertainties in financial markets yet to recede, says Azman [KUALA LUMPUR] Caution is the word for Khazanah Nasional Bhd when it comes to investment decision making for 2014. This is because the Malaysian sovereign wealth fund, whose portfolio value rose to a
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    • Article
      Lock icon BURSA MALAYSIA
      1387 11 VOL Jan 24 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.15 0.01 799 Adventa Bhd -0.01 Ae Multi Hldgs 0.20 0.01 25 Affin Holdings 4.12 -0.06 82 Ahmad Zaki Res Alliance Finan 0.15 Aluminium Co unch unch 0 Amalgamated In Adventa Bhd Amcorp Pro Bhd 0.89 unch 166
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    • Article, Illustration
      Lock icon Indonesia mining exports at standstill: official
      508 11 Introduction of new rules has led to turmoil in sector Reuters [JAKARTA] Indonesia’s metal ore and concentrate exports have ground to a complete halt, a trade ministry official said, signalling the turmoil in the mining sector after a ban on ore shipments and an
      Reuters; PHOTO: REUTERS  -  508 words
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      52 11 ASIA'S LARGEST 1 Educational Kids’ Fair join us at Asia's Largest Education Fair! Singapore Expo Hall 5 21 -23 March 2014 BOOK NOW! Limited Booths available! .’SiKf CS Jtff? For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Organised by: sphere A
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      61 11 Win attractive cash prizes when you sign up/renew your ShareInvestor membership plan. It is a sure-win if you select the right horse! 幸 Lucky Draw Prizes Catch the winning horse at http://notice.shareinvestor.com/fortunerace *Terms and conditions apply. ShareInvestor hereby wishes you a prosperous and winning year of the Horse. For more
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon New Delhi has far more air pollution than Beijing
      1031 12 India could be among the most dangerous in the world for lungs NYT [NEW DELHI] In mid-Janu-ary, air pollution in Beijing was so bad that the government issued urgent health warnings and closed four major highways, prompting the panicked buying of
      NYT; PHOTO: BLOOMBERG  -  1,031 words
    • Article, Illustration
      Lock icon China’s solar rush starts up again
      874 12 Govt support sends panel makers racing to expand capacity Reuters [HONG KONG] China’s solar panel industry is showing signs of booming again after a prolonged downturn raising fears of another bust when the splurge of public money that is driving a spike in demand
      Reuters; PHOTO: REUTERS  -  874 words
    • Article
      Lock icon China sales to drive electric carmaker Tesla
      305 12 Reuters [BEIJING] US electric carmaker Tesla Motors expects China to contribute one-third of its global sales growth this year, an executive said, adding that a trademark issue stalling full entry into China has now been resolved. Veronica Wu, vice-president of Tesla’s China operations,
      Reuters  -  305 words
    • Article, Illustration
      Lock icon Shades of 2008 global crisis in China’s trust industry woes
      1343 13 3b yuan issue sparks fear debt defaults may weigh on global economy Bloomberg [BEIJING] The story of how a three billion yuan (S$634 million) Chinese trust investment wound up on the brink of default has shown what billionaire investor George
      Bloomberg; PHOTO: REUTERS  -  1,343 words
    • Article
      Lock icon Indian central bank may hold rates steady as inflation eases: poll
      569 13 Reuters [BANGALORE] The Reserve Bank of India will likely hold interest rates steady when it meets this week thanks to easing inflation and as it waits for more data, according to a Reuters poll of economists, who also predict
      Reuters  -  569 words
    • Article
      Lock icon China regulator issues alerts on coal-mine loans
      477 13 Move signals govt concern about possible defaults Bloomberg [BEIJING] China’s banking regulator ordered its regional offices to increase scrutiny of credit risks in the coal-mining industry, said two people with knowledge of the matter, signalling government concern about possible defaults. The China Banking
      Bloomberg  -  477 words
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      92 12 JANUARY ISSUE OUT NOW! YOUNG PARENTS TODDLER SEMINAR 2014 TOPICS Secrets to raising a bilingual kid Good sleep smarter kids Break the picky eating habit What to do when you can’t get Baby No. 2 WHEN Feb 15, 2014 (Sat), 1pm-4pm WHERE Orchard Hotel Level 3, Grand Ballroom HOW MUCH
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      131 12 m Myanmar Civil Aviation Development Conference 2014 24 26 March ***** Yangon, Myanmar Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. Terms and conditions apply To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or +65 6848 5378
      131 words
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      168 13 SINGAPORE MENSHEALTH.COM.SG URBANATHLON 2014 THE TOUGHEST URBAN RACE EVER! 14KM ROUTE, 9 URBAN OBSTACLES FINALCALLFOR REGISTRATION! LIMITEDSPACES LEFT,SOHURRY SIGNUPBEFORE31JAN! MARCH 2, 2014 (SUN) 7AM THE FLOAT AT MARINA BAY THIS YEAR’S RACE IS GUARANTEED TO BE YOUR TOUGHEST EVER, WITH 5 NEW OBSTACLES AND A MYSTERY CHALLENGE! Allparticipantswillreceivearacepackworthover$400,including a$35Adidasracetee, finisher’sT-shirt,medalandpersonalisedcertificate,
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  • WORLD
    • Article, Illustration
      Lock icon 106 Swiss banks seeking amnesty, says US official
      826 14 They were offered non-prosecution deals over helping clients hide assets Bloomberg [NEWARK, New Jersey] The top US tax prosecutor has said that 106 Swiss banks are seeking US amnesty for helping American clients evade taxes, according to three lawyers who heard her
      Bloomberg; PHOTO: BLOOMBERG  -  826 words
    • Article
      Lock icon Nasdaq Private Market waits for approval
      682 14 Service lets closely held firms sell shares without IPO Bloom berg [NEW YORK] Private share markets where corporate insiders can cash out stakes while avoiding the scrutiny of public listings have seen their popularity wane. Nasdaq OMX Group Inc has a plan to make
      Bloomberg  -  682 words
    • Article
      Lock icon US propane squeeze raises debate on export policy
      710 14 Reuters [NEW YORK] A shortage of propane heating fuel during a brutal US cold snap this month threatens to sharpen the year’s most urgent energy policy debate how much of its newfound shale oil and gas bounty should America export? Millions felt
      Reuters  -  710 words
    • Article
      Lock icon Beards coming back in fashion trim razor sales
      540 15 Procter Gamble says sales affected by Movember Bloom berg [NEW YORK] Procter Gamble Co says that a growing preference for shaggy styles is trimming razor sales. Beards are showing up all over, from the facial hair favoured by Brooklyn hipsters to the
      Bloomberg  -  540 words
    • Article, Illustration
      Lock icon Obama vows to make 2014 a ‘year of action’
      707 15 Bloom berg [WASHINGTON] President Barack Obama, leading up to his State of the Union speech this week, has vowed to make 2014 a “year of action”. His main actions so far: rushing to check off items on the to-do list from
      Bloomberg; PHOTO: AFP  -  707 words
    • Article, Illustration
      Lock icon BOA probed for improper trading practices, filing shows
      608 15 Dealings regarding Fannie Mae and Freddie Mac are being investigated Reu ters [WASHINGTON] The US Department of Justice and the Commodity Futures Trading Commission (CFTC) have both held investigations into whether Bank of America (BOA) engaged in improper trading by doing its
      Reuters; PHOTO: AFP  -  608 words
    • Article, Illustration
      Lock icon Bankers expect EU stress tests to reignite M&A
      589 16 Cross-border activity likely following revival of confidence among lenders Reuters [DAVOS] Bankers expect a thorough European Central Bank (ECB) health check of the eurozone’s largest banks to reignite domestic and cross-border merger activity by rebuilding confidence among lenders. The sovereign debt crises
      Reuters; PHOTO: BLOOMBERG  -  589 words
    • Article
      Lock icon European banks have 84b euros capital shortfall
      293 16 French bank Credit Agricole has the deepest shortfall at 31.5b euros Reuters [PARIS] European banks have a combined capital shortfall of about 84 billion euros (S$146.89 billion), German weekly WirtschaftsWoche reported, citing a new study by the Organisation for Economic Cooperation and Development
      Reuters  -  293 words
    • Article, Illustration
      Lock icon President Hollande, Trierweiler go their separate ways
      844 16 He wanted to pull the plug, according to media reports AFP [PARIS] French leader Francois Hollande on Sunday began a new chapter in his presidency after splitting from his partner of eight years following an affair with a younger actress. Under intense media
      AFP; PHOTO: AFP  -  844 words
    • Article
      Lock icon World Bank pledges US$2b for Myanmar
      406 16 Projects include improving access to energy, health care AFP [YANGON] The World Bank yesterday announced a US$2 billion development programme for Myanmar, including projects to improve access to energy and health care in the impoverished former military-ruled nation. Bank president Jim Yong Kim, on
      AFP  -  406 words
    • Article
      Lock icon Labour crackdown hits Saudi mobile sign-ups
      361 16 Re uters [DUBAI] Saudi Arabia’s mobile subscriber base has fallen by a tenth in two years following a crackdown on illegal workers, reduced quotas for religious pilgrims and stricter phone registration requirements, data from the industry regulator shows. The drop to 51 million subscriptions
      Reuters  -  361 words
    • Article, Illustration
      Lock icon Dutch economy is on the road to recovery: central bank chief
      515 17 Consumer confidence has improved; housing prices on a monthly basis are rising again Bloomberg [DAVOS, Switzerland] The Dutch economy is poised to improve after house prices stopped declining and consumer confidence rose, Dutch central bank president Klaas Knot said.
      Bloomberg; PHOTO: REUTERS  -  515 words
    • Article, Illustration
      Lock icon Russians pay a hefty price as ruble drops in value
      900 17 The central bank is withdrawing support from the currency WP [MOSCOW] The city’s middle class has been seized by a collective anxiety attack. All it takes to set the heart pounding is a walk down the street, where red-puls-ing electronic
      WP; PHOTO: AFP  -  900 words
    • Article
      Lock icon Lower Swedish rates would add to debt risks
      409 17 Concerns over levels of household debt had not gone away Reuters [STOCKHOLM] Cutting Swedish interest rates again would add to the risks facing the economy from high levels of household debt, deputy Riksbank governor Per Jansson said in a report published The
      Reuters  -  409 words
    • Article, Illustration
      Lock icon Spain wants to raise tax revenue from companies
      334 17 Reuters [MADRID] Spain wants to increase its tax revenue from companies by scrapping exemptions which enable firms based in the country to pay some of the lowest taxes in Europe, Economy Minister Luis de Guindos said in newspaper interviews published on Saturday.
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    • Article, Illustration
      Lock icon Sufficient funds to help Europe’s troubled banks
      678 18 Eurozone finance ministers agree for European bailout fund to be used NYT [DAVOS, Switzerland] There will be enough money to recapitalise banks that fail a review by the European Central Bank this year, top European leaders said, seeking to assuage lingering doubts whether
      NYT; PHOTO: REUTERS  -  678 words
    • Article
      Lock icon Carney said to urge bankers on pay restraint
      346 18 Bloomberg [DAVOS] Bank of England governor Mark Carney urged bankers at a private meeting in Davos to moderate their compensation, people with knowledge of the matter said. Mr Carney reminded the group that he has previously stood up for the industry by
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      Lock icon Britain’s car industry is a glimmer of hope
      993 18 Bumper year for it may inspire more balanced recovery Reuters [LONDON] A bumper year for Britain’s car industry offers some hope the economy will start to grow in a more sustainable way, with a better balance between investment and spending. In 2013,
      Reuters  -  993 words
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      Lock icon ‘Land grabbing’ pushes up prices in eastern Germany
      363 18 AFP [BERLIN] Land prices in eastern Germany are rising at dizzying rates and local farmers feel they are being squeezed out by foreign investors in a phenomenon known as “land grabbing”. The price of a hectare of land has risen by 54
      AFP  -  363 words
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      Lock icon Fiat-Chrysler to seek US stock listing, UK base
      222 18 AFP [NEW YORK] The newly combined Fiat-Chrysler carmaker will seek a fiscal domicile in Britain and a stock listing on a New York exchange, The Wall Street Journal reported on Saturday. Fiat chief executive Sergio Marchionne, who has overseen the company’s gradual
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      Lock icon Emerging markets seek to reassure
      686 19 WEF delegates were urged to look beyond the current short-term volatility AFP [DAVOS] Officials from top emerging market economies, the star performers of recent years, were at pains to reassure the World Economic Forum of their countries’ stability amid turmoil in the currency markets. With
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    • Article
      Lock icon Global elite at WEF grapple with social responsibility
      570 19 NYT [DAVOS] With all that vexing talk about inequality, do the world’s plutocrats need a cuddle? At this year’s World Economic Forum, there have been numerous soulsearching sessions about how to achieve a worthy life and true happiness. There was a dinner
      NYT  -  570 words
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      76 14 W IFBO VIETNAM 2014 International Franchise Business Opportunities 28-30 May 2014 Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam r Vietnam A strong lure for foreign companies Rising incomes, Emerging middle class, Request for the floor plan and participating rates! Book early to reserve your prime booth location!
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      48 14 Exhibit and sell your products and services to thousands of women with buying power. Ladies’ Expo is set to deliver the mid-to high-end platform for a showcase of the most posh and chic in beauty, fashion, nutrition, health, wellness, sports, fitness, shopping and more! *****620 or Email: sales@exhibitsinc.com.sg
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      176 15 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Stun Services Pte Ltd (In Creditors’ Voluntary Liquidation) CO. REG. NO. *****9874Z At an Extraordinary General Meeting of the Company duly convened and held at 8 Robinson Road
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      719 19 A special Feature brought to you by STPROPERTY.! The HDB Market in 2014 What does the Year of the Horse hold for the HDB market? Will it gallop deeper down into the troughs or race off to greater peaks? iSmm 0 5" *1 WRITTEN BY ELIZABETH CHOONG m IB nr*
      719 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Aircraft finance sees flows from pension funds, insurers
      975 20 Long-term investors looking for yield are betting on growing demand for travel Reuters [DUBLIN] Crisis, what crisis? The good times are rolling in the aircraft finance industry as yield-hungry investors gamble on growing demand for air travel, banishing recent jitters over funding.
      Reuters; PHOTO: REUTERS  -  975 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 20 SGX '000 Jan 24 S$ +/-Vol Ch Offshore 0.44 -0.01 195 Chuan Hup Hldg 0.26 unch 158 Jan 24 Cwt Limited................1.31 -0.02 159 First Ship Lea unch unch 0 Grand Banks 0.22 0.01 30 Jaya Hold Ltd K1Ventures Chuan Hup Hldg.. Keppel Corp 10.68 -0.20 6770 Mercator Lines
      238 words
    • Article
      Lock icon China seen driving dry-bulk demand in 2014
      501 20 Bloomberg [ATHENS] China will drive demand in 2014 for hiring ships to transport dry-bulk commodities such as iron ore, coal, grain and bauxite even as the country’s economy slows, says Michael Bodouroglou, chairman and chief executive officer of Paragon Shipping Inc. Chinese economic
      Bloomberg  -  501 words
    • Article, Illustration
      Lock icon New air finance kingpin promises cautious style
      1004 20 But AerCap will not shy away from large deals: Aengus Kelly Reuters [DUBLIN] When he takes a top seat in the US$200 billion aviation finance world later this year, Irish accountant Aengus Kelly will bring a new caution to an industry long known
      Reuters; PHOTO: BLOOMBERG  -  1,004 words
  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • Miscellaneous
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      335 20 CRYPTIC CROSSWORD Across 1 German delicacy beginning to lessen in hot bar (7,4) 9 Drinks made from mushrooms? (9) 10 Bird runs home clutching old book (5) 11 Make lovable teens dye hair regularly (6) 12 One about to chase money for vegetables (8) 13 Cold shoulder sent back before
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  • DINING OUT
    • Article, Illustration
      Lock icon Rustic take on Chinese staples
      908 21  -  TAO Seafood Asia serves up family-style zi char favourites in the upscale surrounds of Asia Square Tower 2, writes JAIME EE JAIME EE jaime@sph.com.sg NEW RESTAURANT TAO Seafood Asia 12 Marina View Asia Square Tower 2 #02-10 Tel: 6844 9969 Open for lunch and dinner
      908 words
  • Page 21 Advertisements
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      94 21 Wine, Dine Hospitality Highlights AQUAMARINE CHINESE NEW YEAR PROSPERITY BUFFET Look no further for the ultimate Chinese New Year buffet with family, friends and loved ones as Aquamarine, level 4 brings you a sumptuous spread of traditional Chinese New Year eats. Buffet pricing starts from $60++ on weekdays, $88++ per
      94 words
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      1119 21 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TorontoDominion bank CONSOLIDATED BALANCE SHEET As at October .31 (millions of Canadian dollars) ASSETS Cash and due from banks Interest-bearing deposits with banks Trading loans, securities and other Derivatives Financial assets designated at fair value through profit or loss Available-for-sale securities Held-to-maturity
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  • Article
    Lock icon Shipping Times
    2237 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      132 22 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
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      135 22 ‘V'Ti r JffN new ie pc rgi Services we provide: Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553, *****541,
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      73 23 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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      19 23 USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3225 24 Week ended: Jan 24 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 20 3.3 A-Sonic --AAT Week Last Quote Div GrYld Net M Cap High 188 106 AIMSAMPIReit Company Sale 197.5 126.4
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      Lock icon SGX CATALIST
      374 25 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 $mil 37 17.3 t 3Cnergy 500 Last Vol Week 2.4 1.1 t Advanced System 1.2 -0.1 2610 1.3 1.2 1.2 1.4 21.1 Div Gr Yld
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 25 Stock name Close Change CapMallsAsia 1.835 -0.020 CapitaLand 2.830 -0.040 CapitaMall 1.890 -0.005 CityDev 9.300 -0.110 ComfortDelGro 1.925 -0.005 DBS Grp 16.670 -0.170 GLP 2.890 -0.030 Genting SP 1.430 -0.020 Golden Agri 0.515 -0.010 HK Land 6.090 -0.130 Stock name Close Change HPH Trust US$ 0.670
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      Lock icon STOCKS ASIA
      2019 25 Transaction date: Jan 24 HONG KONG Vol HK$ +/-'000 Aeon Stores ■000 Angang Steel 5.14 -0.09 7110 Anhui Conch unch Anhuiexpresswa 4.20 0.01 912 Asia Satellite 30.45 -0.55 27 Asm Pacific -0.11 Avic Ihl Baiyunshan Ph Bank Of China 3.31 -0.03 *****7 Bank Of E Asia 30.40 -0.90
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      Lock icon GLOBALQUOTE
      264 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 34.4 AVJennings A57.5 +1.5 27 57.5 56 56.5 57.5 3.6 6.1 4.7 212.9 52 35.5 Genting HK US$ US41.5 -1 ***** 42.5 41 41 41.5 2732.6
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 3 0 0 0 4 8 3 Manufacturing 49 94 38 14 19 5 63 113 43 Commerce 26 32 15 6 8 2 32 40 17 Tpt/Stor/Comms 7 27 9
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      Lock icon SGX ETF
      985 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.5 +0.5 39 113.5 113 113 113.5 518.1 Last 114.4 96.5 CIMB APAC Div 100US$ US96.5 -2.1 21 96.5 96.5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 105,299 105,299 261,865 261,865 Manufacturing 2,210,413 2,320,829 4,531,242 727,560 105,215 832,775 Commerce 1,133,074 1,684,666 2,817,740 398,026 151,014 549,040 Tpt/Stor/Comms 369,887 18,954 388,841 574,769 2,141 576,910 Finance 238,013 638 238,651 818,228 184 818,412 Construction 352,556 1,279,637
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      26 25 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 SGX DERIVATIVES TRADING
      710 26 Jan 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.57 *****.02 *****.32 Mar14 *****.00 *****.00 *****.00 *****.00 *****6 *****4 Jun14 *****.00 *****.00 *****.00 *****.00 26 2699 MSCI TAIWAN INDEX FUTURES SPOT 302.33 303.29 301.75 Jan14 302.50 303.50 299.90 302.48 ***** ***** Feb14 302.50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 24 Index Change Change Change Change Change Change World Preliminary 1160.5 -1.6 -2.0 -1.4 -0.9 -1.6 -2.2 EAFE Preliminary 939.4 -1.9 -1.8 -1.7 -0.4 -1.8 -1.8 Europe Preliminary 1338.7 -2.2 -1.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jan 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.969 5.263 0.636 6.755 54.064 105.975 0.900 9.402 2.899 1.052 91.764 39.431 1.112 9.571 0.781 26.351 28.605 0.523 0.870 Canada 1.032 5.434
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    • Article
      Lock icon SIBOR
      34 26 Jan 24 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      88 26 Jan 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.56 101.67 101.58 5-Year N*****0T 0.5 01-Apr-18 97.96 98.08 98.00
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    • Article
      Lock icon PRECIOUS METALS
      136 26 Jan 24 GOLD(US$/oz) Jan 24 Jan 23 Hong Kong 1265.00 1244.00 Jan 24 Jan 23 London 1266.70 1259.20 1267.55 1260.20 Source: Thomson Reuters CAST BAR Jan 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117 52 5gm 331 259 10gm 591 517
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    • Article
      Lock icon PALM OIL
      59 26 Jan 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2581.0 2577.0 2581.0 2570.0 363 3231 Feb 14 2590.0 2583.0 2592.0 2574.0 2613 ***** Mar 14 2598.0 2591.0 2601.0 2582.0 ***** ***** Apr 14 2593.0 2592.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jan 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1122 1.1127 0.8702 0.8703 Canadian dollar 1.1483 1.1488 0.8986 0.8985 Euro 1.7492 1.7500 1.3686 1.3688 NZ dollar 1.0570 1.0576 0.8270 0.8272 Sterling pound 2.1283 2.1292 1.6652 1.6654
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    • Article
      Lock icon CHICAGO BOT
      109 26 Jan 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1284.75 1277.00 1287.00 1263.50 May 14 1270.00 1262.50 1271.50 1247.50 Jul 14 1257.75 1250.25 1258.75 1234.00 Aug 14 1218.75 1212.75 1220.00 1198.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 26 Jan 24 COCOA (£/tonne) Close Prev High Low Mar 14 1777 1773 1783 1766 May 14 1765 1762 1772 1752 Jul 14 1758 1755 1765 1745 Sep 14 1752 1748 1758 1738 COFFEE(US$/tonne) Close Prev High Low Jan 14 1725 1720 1727 1721 Mar 14 1708 1710 1712 1690
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1199 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 7.5 585 0.0 5 -89 54 Asia-Pacific Strategic W*****6 0.4 1 123 180 110.00 4 Acma Ltd W*****7 Exer Price Ascendas Reit MB ECW*****3 Disc Ascendas Reit
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jan 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.05 0.13 WTI (Near Mth) 97.39 0.56 Dubai (1-Mth F) 104.19 0.54 Tapis blend 116.25 0.53 Minas 109.25 0.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.78 0.84 Jet Kerosene 121.68 0.64 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jan 24 S$ Bid Offer 1-month 1.2781 1.2785 2-months 1.2780 1.2785 3-months 1.2780 1.2785 6-months 1.2777 1.2782 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Jan-24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1718.50 1719.00 3 months 1762.00 1763.00 Copper, Grade A(US$/tonne) Cash 7211.00 7230.00 3 months 7180.00 7206.00 Lead(US$/tonne) Cash 2151.75 2133.00 3 months 2167.00 2153.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jan 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.145 1.091 Can dollar 1.172 1.127 Euro 1.791 1.706 Sterling pound 2.166 2.083 NZ dollar 1.082 1.041 US dollar 1.305 1.243 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 26 Jan 24 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Firms using data more strategically: QlikTech
      838 28  -  More moving away from one-stop-shop, full-stack BI products, reportsVICTORIA VICTORIA HO COMPANIES are beginning to use their data more strategically, and to use more sophisticated methods when picking the IT support systems on their back end to suit their plans, says Lars Bjork, CEO
      838 words
    • Article
      Lock icon 5 cybersecurity myths debunked
      913 28  -  <you say> By LYON POH The author is head of IT Assurance and Security, KPMG in Singapore. The views expressed are his own. JUST as our lives have increasingly moved from the physical to the online world, threats associated with this medium have correspondingly grown. The
      913 words
    • Article
      Lock icon More high-value IP jobs created in 2013
      445 28  -  By AMIT ROY CHOUDHURY amit@sph.com.sg IN an indication that Singapore is on its way to realising its objective of becoming an Asian Intellectual Property (IP) hub, more than 300 high-paying value-added jobs were created in the sector here last year. According to the
      445 words
    • Article, Illustration
      Lock icon SGIX bets on content to lower peering prices
      686 27  -  It hopes to draw more providers to its open platform, reportsKEVIN KEVIN KWANG THE Singapore Internet Exchange is looking to entice more Web content providers to come onboard its open and neutral interconnection platform. In the process, it hopes to open up
      686 words
    • Article, Illustration
      Lock icon Selective rise in S’pore IT salaries seen
      680 27  -  By KEVIN KWANG THE increasing use of cloud computing technologies, such as virtualisation and online storage, as well as additional focus on using online channels to interact with consumers, are driving the demand for IT professionals who are equipped with the requisite skill
      680 words
    • Article, Illustration
      Lock icon Microsoft’s CEO search rattles boardrooms
      672 27 Bloomberg [MICHIGAN] It wasn’t long after Ericsson chief executive officer Hans Vestberg was identified as a contender for the top job at Microsoft Corp before phones were ringing off the hook at the telecom supplier’s Stockholm offices. The Jan 15 revelation was the main topic
      Bloomberg; PHOTO: REUTERS  -  672 words
    • Article
      Lock icon Online grocery RedMart nets US$5.4m funding
      572 27  -  Bridge funding will expand warehouse space, delivery fleet By VICTORIA HO LOCAL online grocery store RedMart has raised US$5.4 million in its latest round of funding. The two-year-old site was launched in late 2011, and has raised US$10 million to date across its first
      572 words
    • Article
      Lock icon Qualcomm acquires HP patents
      336 27 Bloom berg [SAN FRANCISCO] Qualcomm Inc said that it bought a portfolio of patents from Hewlett-Packard Co, acquiring intellectual property that includes the fundamentals of mobile operating systems. Qualcomm said in a statement last Thursday that the purchased portfolio consists of about 1,400 granted patents and
      Bloomberg  -  336 words
    • Article
      Lock icon SAP looking to buy big cloud companies
      185 27 Reuters [FRANKFURT] German business software maker SAP could start looking at large acquisition targets again, particularly among cloud computing firms, its chief financial officer Werner Brandt was quoted as saying by weekly Euro am Sonntag. “We could look at almost any size,” he
      Reuters  -  185 words
  • Page 28 Advertisements
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      309 28 Fujitsu recommends Windows 8 Pro. FuflTSU Experience Intuitive Computing with Touch STYLISTIC Q704 LIFEBOOK S904 ..i (D I The ideal touch-enabled travel companion featuring full functionality, exceptional lightweight design starting from 1.13 kg and long-lasting runtime of up to 32 hours. Super high resolution (2560x1440) WQHD display Sturdy magnesium display
      309 words