The Business Times, 30 June 2014

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Microfilm: NL33152
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SCCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, June 30, 2014
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  • Article, Illustration
    Lock icon JTC nudging SMEs towards increased productivity
    556 1  -  New premises will force them to rethink processes By MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPORE] The new breed of industrial buildings rolled out by JTC Corporation may well give small and medium-sized enterprises (SMEs) used to doing everything themselves cause to think about how to
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  • Article
    Lock icon CAD reorganises and beefs up resources to combat new financial crime threats
    1085 1  -  Financial Police now better equipped to deal with domestic, int’l money crimes By MICHELLE QUAH michquah@sph.com.sg @MichelleQuah [SINGAPORE] Singapore’s white-collar-crime police who now want to be known as the country’s Financial Police have gone through their biggest reorganisation
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      57 1 Weekly Change ST INDEX 3,271.05 +12.25 KL COMP 1,880.93 -4.79 NIKKEI 225 15,095.00 -254.42 HANG SENG 23,221.52 +27.46 SET INDEX 1,483.24 +15.95 JAKARTA COMP 4,845.13 -2.57 MANILA COMP 6,842.15 +111.19 SEOUL COMP 1,988.51 +20.44 SHENZHEN B 838.42 +13.84 MUMBAI IND 25,099.92 -5.59 DOW 16,851.84 -95.24 NASDAQ 4,397.93 +29.89 S&P
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE MALAYSIA MALAYSIA HONG KONG HONG KONG 5.00 INDONESIA 15.297 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • Article
      Lock icon FOREX
      49 1 US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.703 2.128 EURO (US$/S$/E) 1.362 1.702 Foreign currency per US$ S$ YEN 101.40 81.20 RM 3.212 2.571 HK$ 7.751 6.205 BAHT 32.47 25.99 RUPIAH 12,010 9,613 RENMINBI 6.217 4.976 INDIAN RUPEE 60.12 48.12 A$ 1.061 0.850 NZ$ 1.141 0.914
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      94 1 DINING OUT Crafted menu to warm the heart BOARDROOM MATTERS Board alert for Personal Data Protection Act PAGE 4 PAGE 20 VIEWS FROM THE TOP Fostering growth in e-commerce PAGES 8-9 TOPLINE Staying on top of new standards PAGE 4 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal
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  • TOP STORIES
    • Article
      Lock icon Economists expecting ‘market-moving’ week
      786 2  -  Key reports to be released include jobs, pending home sales, carmakers sales, among others WALL STREET INSIGHT By ROB CURRAN LAST week, major US stock indices lost a little ground, but they could easily set new record highs this week as long as economic data is
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    • Article, Illustration
      Lock icon Neymar has his passionate groupies, the ‘Neymarzetes’
      727 2 Thousands of them worship star on both sides of the Atlantic AFP [BRASïLIA] “First comes God, then family and then Neymar,” says Rayellen Andrade, 17, wearing the yellow Brazil team jersey with her idol’s name across the back. She’s among the tens of
      AFP; PHOTO: AFP  -  727 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      343 2 JTC nudging SMEs towards increased productivity THE new breed of industrial buildings rolled out by JTC Corporation may well give SMEs cause to think about how to run their businesses. FRONT PAGE CAD reorganises and beefs up resources to combat threats SINGAPORE’S white collar crime police has gone
      343 words
    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      418 2 JULY 1 France vs Nigeria (12mn) Alan Chan CEO, Singapore Press Holdings Ltd France made it through the group stage undefeated, and will be confident of extending that streak against Nigeria. The Africans were impressive in their 2-3 loss to Argentina, and have many
      418 words
    • Article
      Lock icon US finally embraces soccer’s charms
      510 2 Reu ters [PORTO ALEGRE, Brazil] After a long and sometimes arduous courtship, soccer has finally revealed its charms to Americans who have embraced the World Cup in record numbers. With the United States through to the knockout phase and interest and television ratings soaring, soccer
      Reuters  -  510 words
    • Article, Illustration
      Lock icon Micro-organisms in your pills up next: scientist
      857 3  -  Nascent discoveries give shot in the arm for biotech stocks By CAI HAOXIANG haoxiang@sph.com.sg@HaoxiangCaiBT [SINGAPORE] The hottest thing in the already-hot biotechnology sector are tiny bugs, so investors should pay attention to the commercialisation of health supplements containing mi-cro-organisms, an American biotech entrepreneur
      Source: Bloomberg  -  857 words
    • Article
      Lock icon MNCs see global tax risks increasing
      820 3  -  EY study also finds lack of coordination between govts a particular concern By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Companies fear that already heightened tax risks are going to accelerate in the next two years. The lack of coordination between governments creating the possibility of
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    • Article
      Lock icon DB Platinum
      8 3 Branchen Stars R1C-A 20/06/2014 224,88 EUR
      8 words
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  • Page 3 Advertisements
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      397 3 9 ■\mm iii! v p:^)i iisuaw ,.-,v BMW XI FI if t> t: Mi BMWZ4 mmm mmm cm YOUR TICKET TO THE TRACK. Push the limits of exhilaration with an unparalleled driving experience like no other. For a limited time only, enjoy a BMW Dynamic Drive Experience 1 in Clark,
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Staying on top of new standards
      995 4  -  A key challenge facing accounting professionals is the need to continually train and upgrade their skills, reports TOPLINE MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT THE growing complexity of financial reporting and the need for accounting personnel to ensure that their skills are continually upgraded to handle
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    • Article, Illustration
      Lock icon Board alert for the Personal Data Protection Act
      689 4  -  Singapore companies should implement measures to comply with their obligations under the new law, writes YEOH OON JIN writesYEOH writesYEOH OON JIN The writer is a member of the Governing Council of the Singapore Institute of Directors PARLIAMENT passed the Singapore Personal
      FILE PHOTO  -  689 words
    • COMPANY BRIEFS
      • Article
        Lock icon OCBC’s offer for Wing Hang to close on July 29
        64 4 OCBC’S offer for Wing Hang Bank will close on July 29, it said in a letter dated June 30 to the latter’s shareholders. OCBC on Friday said that all pre-conditions to an agreement to buy the Hong Kong bank had
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      • Article
        Lock icon Jasper may be placed on watchlist after losses
        57 4 OIL and gas investment firm Jasper Investments has recorded pre-tax losses for the three most recent financial years consecutively, it said yesterday. This means that it is at risk of being placed on the Singapore Exchange’s watchlist. The firm said it will
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    • Article, Illustration
      Lock icon CDP sees highest 12-month surge in new accounts
      466 5  -  Depository now has 1.6m members and about half actually hold some shares By R SIVANITHY sivan@sph.com.sg @RSivanithyBT RETAIL investor interest in the stock market is growing. In the past 12 months, more than 68,000 new Central Depository (CDP) Accounts have been opened,
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    • Article
      Lock icon Flat week for trades, buybacks
      1337 5  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd Trading activity of company directors from June 23 to 27 was flat, according to filings on Singapore Exchange. Sixteen companies recorded 26 purchases worth $2.56 million, against six with 13 disposals valued
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      844 4 ipsJj StCURCAT IPS SECUREX HOLDINGS LIMITED (Company Registration No. *****7639H) (Incorporated in the Republic of Singapore on 10 October 2013) Sponsor, Issue Manager and Placement Agent mm Placement of 12,000,000 Placement Shares at S$0.35 each, payable in full on application. All capitalised terms used in this announcement, unless otherwise defined,
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon An end-of-half push on ST Index?
      761 6  -  STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent ALL eyes will probably be on the Straits Times Index (STI) today to see if there are any last-minute moves upwards. After all, it is the end of the first half and second quarter, so it would
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    • Article, Illustration
      Lock icon View for European currencies
      517 6  -  CURRENCIES MALCOLM BAKER The writer is senior director, interest rate and FX products, CME Group AS volatility continues its march lower, we saw “the volatility bear trap” bite back on June 12 as the Bank of England (BOE) signalled that rate rises could be sooner than
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    • Article
      Lock icon Mixed showing for commodities; oil slides
      451 6 COMMODITIES AFP [LONDON] Commodity prices faced mixed fortunes last week, but oil fell from recent heights on easing Iraq supply worries and growing US demand concerns, dealers said. Added to the picture, revised data revealed that the US economy shrank a steep 2.9 per
      AFP  -  451 words
    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 256.1 0.7 DBXT iBoxxKR 5US$ ***** 249.8 1.3 Lyxor ThaiSET 10US$ ***** 209.9 1.3 DBXT USDIGInfl 5US$ ***** 124.9 0.4 DBXT AUD Bonds 5AU$ ***** 117.7 0.5 DBXT iBoxxUSTr 5US$ ***** 98.7 0.4 DBXT AUDCS 5SG$ ***** 94.0 0.4 GLD 10US$
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    • Article
      Lock icon FALLS
      132 6 BY CENTS CLOSE DOWN DBXT E50 10US$ 5515 -143.6 -2.0 JMH 400 USD 6000 -124.9 -1.6 DBXT MSEurope 10US$ 6302 -121.2 -1.5 Lyxor Indonesia10US$ 8533 -97.4 -0.9 SPDR DJIA 10US$ ***** -94.9 -0.5 DBXT MSJAP 10US$ 4726 -66.2 -1.1 SPDRS S&P 500 10US$ ***** -55.0 -0.2 DBXT Nifty 10US$
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1574 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 2.00 2.00 3 9.95 14.53 1.58 1.45 Amtek Engineering Ltd 3.00 3.00 2 0.05 9.84 0.56 0.61 ARA Asset Management Ltd 2.50
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 WEEKLY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jun 27 VALUE CLOSE BT OB/OS -170.00 +31.00 BT CADI -*****.00 -13.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 773.56 -0.26 FTSE ST Small Cap 558.53 -1.32 FTSE ST All Share 798.44 -1.58 FTSE ST China Top 198.58 -0.22 FTSE ST China 225.68 -0.46 FTSE
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Memstar Tech 339,698,000 Adventus 278,536,000 Vallianz 274,667,000 APAC Strategic 270,632,000 Teledata 259,624,000 Mirach Energy 259,109,000 W Corp 247,288,000 Advance SCT 223,724,000 Polaris 219,184,000 InnoPac 196,065,000 VALUE($) SingTel 292,972,715 DBS Grp 276,379,152 Global Logistic 143,304,930 UOB 134,112,475 Keppel Corp 128,259,933 OCBC Bank 104,489,289 Noble 98,387,776 HongkongLand USD
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      Lock icon Page 6 Advertisements Column 1
      111 6 Trade CME Group Products With Phillip Futures CME Group Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) An Asian Financial House with a Global Reach www.phillipfutures.com.sg 6538 0500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road The above information does not constitute an investment advice,
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon An app to book a hotel room cheap for same day
      633 7  -  HK-based start-up behind HotelQuickly operates in over 12 Asian countries By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT LAST minute just got a whole lot more timely and fun with HotelQuickly, an app that lets travellers spontaneously book a hotel room (three-star
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    • Article, Illustration
      Lock icon Taking Heart
      784 7  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT The Business Times Dream Ball ON Aug 1, two world-famous dance couples will be flying into Singapore exclusively for The Business Times Dream Ball, a dinner-and-dance event which aims to raise $300,000 for charity. Known for their high energy and sizzling chemistry, professional
      784 words
    • Article
      Lock icon PRIME LENDING RATES
      277 7 Jun 27 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 UFJ, Ltd Banque Internationale a ...5.50 Chang Hwa Commercial Bank Bank
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      886 7 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Sec Fd ag 0.017 26-Jun 30-Jun 19-Sep 23-Jun Ban Leong ak 1.000 31-Jul 04-Aug 14-Aug 27-May Boustead ak 3.000 31-Jul 04-Aug 19-Aug 27-May Boustead bh 2.000 31-Jul 04-Aug 19-Aug 27-May Bukit Sembawang ak 4.000 01-Aug 05-Aug
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    • Article
      Lock icon COMPANY MEETINGS
      443 7 COMPANY MEETING PLACE DATE TIME 3CNERGY E 3 Lorong 6 Toa Payoh #01-01 HSR Building 30-Jun 10.00am Ascendas Fds Mgt A Orchard Hotel Singapore Orchard Ballroom 3 (Level 3) 442 Orchard Road 30-Jun 3.00pm China Print Power S 10 Collyer Quay #27-00 30-Jun 11.00am S Ocean Financial Centre
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      765 7 SMJ International Holdings Ltd. (Company Registration No: *****4844E) (Incorporated in the Republic of Singapore on 31 December 2013) Placement of 20,240,000 Shares comprising 14,000,000 New Shares and 6,240,000 Vendor Shares at S$0.28 for each Share, payable in full on application The Board of Directors of SMJ International Holdings Ltd. (the
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Fostering growth in e-commerce
      5389 8 THIS WEEK’S TOPIC What potential does e-commerce have in Singapore and what would be its implications? What, if anything, needs to be done to enable the industry to grow faster? Tim Moylan President, Asia Pacific Infor SINGAPORE consumers today are changing the way they shop for
      PHOTO: FREEIMAGES  -  5,389 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Billionaire bets big on energy
      1842 10  -  ISMAILtrain the spotlight on Singapore-headquartered investment firm Orient Global YOOLIM LEE, NETTY ISMAI L Bloomb erg IN SEPTEMBER 2007, almost a year after New Zealand-born billionaire Richard Chandler founded investment firm Orient Global in Singapore, he made a rare appearance at a forum on social
      Bloomberg; PHOTOS: BLOOMBERG, FORBES  -  1,842 words
    • Article
      Lock icon Smart beta investing lets the yardstick pick stocks
      997 10 NYT [NEW YORK] When it comes to investing money, most people want to be smart about it. So an increasingly popular strategy with “smart” in its name has intrigued certain investors, while turning off others who see it as little more than
      NYT  -  997 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      113 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
      113 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Markets brace for headwinds from Prabowo in polls
      611 11 Widodo’s 4% fall in opinion polls and weakening rupiah cast pall over polls Reuters [SINGAPORE] From a falling rupiah to a slow retreat by foreigners from high-yielding bonds, markets in Indonesia are showing telltale signs of the volatility and weakness that could
      Reuters; PHOTO: AFP  -  611 words
    • Article
      Lock icon Robust growth seen for M’sian economy this year
      386 11 [KUALA LUMPUR] Malaysia’s economy is expected to maintain growth this year barring a slide in domestic consumer sentiment or a drop in external demand, The Star reported. The unexpected 6.2 per cent year-on-year gross domestic product (GDP) rise in the first quarter
      386 words
    • Article
      Lock icon BURSA MALAYSIA
      1346 11 VOL Jun 27 RM +/-(‘000) VOL Advance Synerg 0.22 -0.01 4078 Adventa Bhd 1.07 -0.03 107 Ae Multi Hldgs 0.22 -0.01 5853 Affin Holdings 3.36 unch 185 Ahmad Zaki Res Airasia Bhd 2.30 0.03 6401 Alliance Finan 4.74 -0.01 6972 Aluminium Co unch unch 0 Amalgamated In 0.22
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    • Article
      Lock icon Indonesia seeks US$5b in aid to hit target for reducing emissions
      387 11 Bloomberg [JAKARTA] Indonesia needs about US$5 billion in aid to hit its target for reducing emissions, according to the agency set up to protect rainforests and peatlands. Norway’s commitment of US$1 billion in 2010 is just the beginning of
      Bloomberg  -  387 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      136 11 RSACONFERENCE2014 ASIA PACIFIC JAPAN JULY 22-23 I MARINA BAY SANDS SINGAPORE Attend RSA® Conference Asia Pacific b Japan and experience what happens when information security professionals collaborate and share exciting innovations that help secure our businesses. Choose from 7 conference tracks and 50+ sessions. Become a part of our collective
      136 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Western nations woo India as it opens up arms sector
      1079 12 Fabius due in Delhi to finalise stalled fighter deal; US, UK officials to follow Reu ters [NEW DELHI] Western governments are rushing to visit India’s Prime Minister Narendra Modi, drawn by the prospect of multi-bil-lion-dollar deals as the government prepares
      Reuters; PHOTO: BLOOMBERG  -  1,079 words
    • Article, Illustration
      Lock icon China poses no military threat, says Xi
      642 12 Chinese president also fetes India and Myanmar Reuters [BEIJING] Chinese President Xi Jinping feted neighbours India and Myanmar, dusting off the 60th anniversary of a now rather obscure agreement signed in the early days of the Cold War to pledge a rising China’s
      Reuters; PHOTO: REUTERS  -  642 words
    • Article
      Lock icon Indian bank bad loans fall on better recovery
      687 12 Bloomberg [MUMBAI] Bad loans in India are falling from an eight-year high in an early sign of success for central bank governor Raghuram Rajan’s push to strengthen the nation’s financial system. Non-performing debt as a proportion of total advances fell to 4
      Bloomberg  -  687 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      480 12 GRAND BANKS YACHTS LIMITED (“Company”) (Incorporated in the Republic of Singapore) (Company Registration No. *****1189E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 15 July 2014 at 10.00 a.m. at York Hotel Singapore, 21 Mount Elizabeth, Singapore
      480 words
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      Lock icon Page 12 Advertisements Column 2
      191 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARITIME STRATEGIES INTERNATIONAL ASIA PTE. LTD. (COMPANY NO: *****5713K) (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members
      191 words
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  • WORLD
    • Article, Illustration
      Lock icon Eurozone data point to deflation and slowdown
      859 13 Debt crisis hangover persists as France heads for another downturn: analysts AFP [PARIS] Europe’s fragile recovery is stalling, a batch of economic data showed last week, with analysts warning that France, eurozone’s second-biggest economy, could be slipping into another downturn. Even the eurozone’s
      – AFP; PHOTO: BLOOMBERG  -  859 words
    • Article, Illustration
      Lock icon Cameron’s political path hits road block with Juncker’s win
      658 13  -  BY NEIL BEHRMANN in London JEAN-Claude Juncker will have limited power as new European Commission (EC) president, but his nomination has badly damaged the political prospects of UK Premier David Cameron. In his efforts to show the British electorate that he
      PHOTO: REUTERS  -  658 words
    • Article
      Lock icon Dubai stocks heading for first quarterly loss since 2012
      397 13 Some investors deem the shares too expensive Bloomberg [DUBAI] Dubai stocks extended declines, heading for the first negative quarter in two years, as some investors judged shares too expensive even after the index entered a bear market last week. Qatar’s index
      Bloomberg  -  397 words
    • Article
      Lock icon Zurich hosts China officials to discuss renminbi hub plan
      306 13 Reuters [ZURICH] Switzerland touted its qualifications to be a hub of renminbi trading, as its central bank chief and finance minister hosted People’s Bank of China governor Zhou Xiaochuan at a private event for Swiss and Chinese bankers. Competition is fierce
      Reuters  -  306 words
    • Article
      Lock icon UK ministers condemn EU over Juncker vote
      393 13 Reuters [LONDON] Two British ministers condemned on Saturday EU leaders who privately voiced concerns over the nomination of Jean-Claude Juncker as EU Commission president but voted for him at a summit in Brussels, with one calling them cowards over the decision. On Friday,
      Reuters  -  393 words
    • Article
      Lock icon US catfish inspection in the way of Pacific trade pact
      671 14 10 Asian and Pacific nations say the programme violates international law NYT [WASHINGTON] Ten Asian and Pacific nations have told the Office of the US Trade Representative that the Agriculture Department’s catfish inspection programme violates international law, and their objections
      NYT  -  671 words
    • Article, Illustration
      Lock icon Bumpy road ahead for Fiat Chrysler’s US listing in Oct
      601 14 Reuters [MILAN] Sergio Marchionne needs a New York stock market listing to bring in the investors required to fund future growth at Fiat Chrysler, but a lukewarm response to the chief executive’s most recent Wall Street launch suggests he has
      Reuters; PHOTO: AFP  -  601 words
    • Article, Illustration
      Lock icon Fund managers punt on Peanuts
      582 14 Reu ters [NEW YORK] Fund managers are making a big bet on Snoopy, Lucy and Charlie Brown. With a big-budget Peanuts film set to appear in theatres next year, an unusually high number of US mutual funds have been buying shares of Iconix Brand Group
      Reuters; PHOTO: REUTERS  -  582 words
    • Article
      Lock icon US light oil exports ruling may apply to other crudes
      609 14 Loophole adds to speculation over how much of country’s shale oil will be exported Reuters [WASHINGTON] The US decision allowing minimally processed super-light oil known as condensate to be freely exported may open the door to doing the same with
      Reuters  -  609 words
    • Article, Illustration
      Lock icon Banks eye use of big data in client services
      916 15 Industry keen to adapt Amazon’s data-driven customer service WP [WASHINGTON] It started out as mild infatuation, but now it seems bankers have developed a full-blown crush on Amazon.com. From Citigroup to SunTrust, banking industry executives are gushing over the Internet retailer’s
      WP; PHOTO: REUTERS  -  916 words
    • Article, Illustration
      Lock icon US institutional property investors looking to sell
      829 15 NYT [NEW YORK] A year ago, buying foreclosed homes to rent out was the sure-thing trade for investment firms backed by money from private equity companies, hedge funds and pension systems. But with the supply of cheap foreclosed homes dwindling, some early investors
      NYT; PHOTO: BLOOMBERG  -  829 words
    • Article
      Lock icon US sub-prime home loans no longer a dirty word
      1128 15 They are emerging again under much more careful control NYT [CALABASAS, California] Martin and Cindy Arroyo knew they were not ideal candidates for a home loan. She had gone through a foreclosure after losing her job, and he was finishing his
      NYT  -  1,128 words
    • Article, Illustration
      Lock icon Argentine debt payment not legal: US judge
      982 16 Paying bondholders, and not holdouts, violates order: court Reuters [NEW YORK] A US judge has called Argentina’s decision to make a sovereign debt payment in defiance of a court order an “explosive action” and told Bank of New York Mellon to return the
      Reuters; PHOTO: AFP  -  982 words
    • Article
      Lock icon Argentine farmers plan hoarding of soya beans
      798 16 Reuters [BUENOS AIRES] Farmers in Argentina say they will stockpile soya beans in the second half of the year if their government is unable to cut a deal with debt investors to stave off a new sovereign default, and the increased hoarding is
      Reuters  -  798 words
    • Article, Illustration
      Lock icon Investors see Japan casino plans as test for Abe
      820 16 It is a litmus test for his ability to revitalise economy WP [TOKYO] For trainee dealer Taichi Yahagi, the odds of making a better living turning cards at a baccarat table in Tokyo are looking up. The 41-year-old tutor paid about
      WP; PHOTO: BLOOMBERG  -  820 words
    • Article
      Lock icon BP wants to recoup excess spill awards
      392 16 Reuters [NEW ORLEANS] BP plc has asked a US judge to direct what it called a “vast number” of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico
      Reuters  -  392 words
    • Article, Illustration
      Lock icon Tokyo rolls out ‘highspeed rail’ diplomacy
      527 17  -  Push to use foreign aid to get Japanese shinkansen adopted as the int’l standard BY ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe is giving new meaning to the term “Japan Inc” by marshalling some of the country’s foreign aid behind public-pri-vate infrastructure
      PHOTO: BLOOMBERG  -  527 words
    • Article
      Lock icon BIS warns of US$2t in EM corporate debt
      509 17 Tipping point looms as firms are exposed to currency risk Bloomberg [LONDON] More than US$2 trillion of foreign borrowing by emerging-market companies since 2008 is leaving them vulnerable to a sudden drop in funding at the first sign of trouble, according to
      Bloomberg  -  509 words
    • Article
      Lock icon French employers urge reforms, spending cuts
      294 17 Reuters [PARIS] French employer groups called on President Francois Hollande to speed up reforms and cut public spending to revive the ailing economy in a joint statement issued yesterday ahead of an annual conference of government officials, employers and labour unions. The July 7-8
      Reuters  -  294 words
    • Article
      Lock icon Facebook manipulated users’ emotions in secret study: report
      297 17 AFP [WASHINGTON] A study detailing how Facebook secretly manipulated the news feed of some 700,000 users to study “emotional contagion” has prompted anger on social media. For one week in 2012 Facebook tampered with the algorithm used to place posts into user
      AFP  -  297 words
    • Article
      Lock icon US Ex-Im bank may get new lease on life
      860 18 It may win a reprieve in Congress if enough Republicans can be persuaded to let it live on Reuters [WASHINGTON] The US Export-Import Bank, derided by conservative critics as an expensive boondoggle, may win a reprieve from what looked like almost
      Reuters  -  860 words
    • Article, Illustration
      Lock icon HP to settle suits over Autonomy deal: sources
      855 18 But it will pursue case against former Autonomy execs Reuters [NEW YORK] Hewlett-Pack-ard Co and attorneys representing shareholders have agreed to settle litigation over its troubled US$11.1 billion acquisition of British software company Autonomy Corp, according to a source familiar with the
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      Lock icon Mexican tycoon to buy out AT&T’s America Movil stake
      683 18 Carlos Slim taking the 8.3% stake worth US$6b Bloomberg [NEW YORK] Mexican billionaire Carlos Slim will buy out AT&T Inc’s US$6 billion stake in America Movil SAB, propping up his Latin American mo-bile-phone company’s stock price as his long-time partner from
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    • Article
      Lock icon Bulgaria makes more arrests over bank runs
      358 18 Reuters [SOFIA] Bulgarian authorities said yesterday they had detained three more people on suspicion of plotting to destabilise the country’s banking system by spreading false information about the health of its commercial banks. The arrests, which follow the detention of two men on
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      116 14 MEN’S HEALTH 11TH BIRTHDAY SPECIAL GIVEAWAY! PartywiththestarsattheF1™AmberLounge with invites worth $10,000! SINGAPORE’S TOP MEN’S MAGAZINE TURNS 11! To celebrate, we’re giving you the chance to win exclusive Amber Lounge party invites to rock out with your favourite F1™ drivers. One lucky reader will get to party in style with seven
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      145 16 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BEQUEST HOLDINGS PRIVATE LIMITED (In Members’ Voluntary Liquidation) Co. Reg. No. *****1095K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the
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      2896 17 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KNOA SOFTWARE ASIA-PACIFIC PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NUMBER: *****0033N FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies
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      61 18 Find essential solutions and services to achieve your business goals more cost-effectively! iiiiiii uiil.ji.u' Lti I pL i.: I CTt-! V Premiei} Payroll v«fS I ‘nltfrutopacf BIBDQI r ASIA 16 18 July 2014 Marina Bay Sands, Singapore Sands Expo and Convention Center Level 1, Hall A B Register at www.OfficExpoAsia.com/visitl
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon US West Coast ports brace for Panama Canal expansion
      1050 19 Tacoma, Seattle and other ports are upgrading to cater to bigger vessels NYT [TACOMA, Washington] As construction crews 8,000 kilometres away are working to widen the Panama Canal to allow much larger ships to sail straight to the East Coast, this
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      Lock icon West Coast port labour talks running out of time
      380 19 Reu ters [LOS ANGELES] With peak shipping season approaching, US retailers are anxiously monitoring labour negotiations affecting 20,000 workers at West Coast ports that handle more than 40 per cent of goods shipped in ocean containers. The six-year contract between dockworkers
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      Lock icon US Marines resume F-35B flights
      323 19 Reuters [WASHINGTON] The US Marine Corps has resumed flights of its Lockheed Martin Corp F-35B jets that were suspended following a fire on an Air Force F-35A. It is also preparing for the jet’s global debut in Britain next month after the discovery of engine
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      Lock icon TRANSPORT STOCKS
      244 19 SGX '000 Jun 27 S$ +/-Vol Ch Offshore 0.46 0.01 85 Chuan Hup Hldg 0.29 0.01 219 Cosco Corp 0.72 0.01 988 Cwt Limited 1.75 0.01 1353 First Ship Lea 0.09 unch 158 Grand Banks..............0.26 unch 51 Jaya Hold Ltd 0.19 unch 8800 K1Ventures 0.19 unch 1268 Keppel
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      Lock icon Boeing set to reveal 757 successor soon
      431 19 Kazakh airline Air Astana keen to buy the new aircraft WP [LONDON] Boeing is close to announcing a new aircraft to succeed the 757 jetliner that ceased production almost a decade ago, according to central Asian carrier Air Astana, which is keen to
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  • Page 19 Miscellaneous
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      322 19 CRYPTIC CROSSWORD Across 1 Prison officer goes to club for cocktail (11) 9 Aid fliers being diverted to find places to land (9) 10 Intends to get sufficient funds (5) 11 Returning, I’d delayed to explain more fully (6) 12 Admitting whole sum is due (8) 13 Fast, the Italian’s
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  • DINING OUT
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      Lock icon Crafted menu to warm the heart
      919 20  -  Pluck shows spunk in its deliberate lack of theme and down-to-earth hospitality, writes JAIME EE writesJAIME writesJAIME EE jaime@sph.com.sg @JaimeEeBT Pluck 90 Club Street Tel: 6225-8286 Open Mon to Thurs: 9am to 12am; Fri: 10am to 1am; Sat: 5pm to 1am. Closed on Sun
      PHOTOS: PLUCK RESTAURANT  -  919 words
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      520 20 SUBLIME. SUPERLATIVE. A Mega Brunch of Artful Decadence r T THE FULLERTON BAY HOTEL SINGAPORE The Fullerton Bay Hotel Singapore debuts a Mega Brunch of the ultimate in gastronomic indulgence by the Marina Bay. Featuring the ultra-luxe Perrier Jouet Belle Epoque Blanc and Rose Champagnes with the most splendid of
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      4379 21 Week ended: Jun 27 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 13.3 10.4 8Telecom Week Last Quote --AAT Net M Cap High 163.3 130.4 AIMSAMP Cap Reit 144.5 +0.5 5815 145
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      Lock icon SGX CATALIST
      615 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 $mil 32 23 t 3Cnergy 500 Last Vol 1.9 0.9 t Advanced Systems 1.1 +0.1 547 1.1 1 0.9 1.1 21.4 Last Quote Div Gr
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      Lock icon STRAITS TIMES INDEX STOCKS
      124 22 Stock name Close Change Ascendas Reit 2.320 CapitaLand 3.210 +0.010 CapitaMall Trust 1.970 -0.020 CityDev 10.410 -0.090 ComfortDelGro 2.500 +0.010 DBS Grp 16.810 -0.050 Genting Sing 1.340 -0.005 Global Logistic 2.690 Golden Agri-Res 0.565 HPH Trust USD 0.720 -0.005 Stock name Close Change HongkongLand USD 6.690
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      Lock icon STOCKS ASIA
      1933 22 Transaction date: Jun 27 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Angang Steel 5.08 0.15 ***** Anhui Conch 26.80 -0.20 9446 Anhuiexpresswa 4.78 -0.06 240 Asia Satellite 29.30 unch 517 Asm Pacific 84.75 -1.00 1049 Avic Ihl 0 Avic Int'L 8.70 Baiyunshan Ph 22.65 -0.30 471 Bank
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      Lock icon GLOBALQUOTE
      238 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 Last Vol 343 215 TanChongInt HK335 +3 606 337 332 332 336 9.7 3.1 3.3 6746.6 DISCLAIMER: All information is published “as is” without warranty of any
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 1 0 0 0 4 10 1 Manufacturing 61 79 35 18 12 5 79 91 40 Commerce 26 35 16 7 9 3 33 44 19 Tpt/Stor/Comms 14 19 12
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      Lock icon SGX ETF
      1167 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 $mil 116 108.3 ABF SG Bond ETF 115.1 +2.5 63 115.5 113.5 115 115.2 525.4 135.5 119 CIMB APAC Div 100S$D 132.5 +2.9 0 132.5 129.6 130.6
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      Lock icon SECURITIES TRADING TURNOVER
      123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 89,040 89,040 230,231 230,231 Manufacturing 2,400,416 887,698 3,288,114 550,866 81,148 632,014 Commerce 513,166 771,739 1,284,905 396,185 70,442 466,627 Tpt/Stor/Comms 350,277 13,941 364,218 620,898 1,892 622,790 Finance 259,299 12,635 271,934 563,498 3,976 567,474 Construction 224,181 163,271
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      25 22 Insiders'trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      658 23 Jun 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.75 *****.82 *****.31 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec14 *****.00 *****.00 *****.00 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 333.78 334.71 333.17 Jun14 333.50 334.80 332.40 334.32 ***** ***** Jul14 328.80
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Jun 27 Index Change Change Change Change Change Change World Preliminary 1233.4 0.0 4.1 0.0 3.6 0.1 4.7 EAFE Preliminary 969.2 -0.1 1.3 0.1 1.6 0.1 2.6 Europe Preliminary 1395.6 0.1 3.0
      373 words
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      Lock icon INTERBANK CROSS RATES
      471 23 Jun 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.007 5.857 0.692 7.303 56.637 113.152 0.956 9.550 3.026 1.075 93.080 41.224 1.177 10.001 0.841 28.201 30.592 0.553 0.942 Canada 0.993 5.814
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      Lock icon SIBOR
      39 23 Jun 27 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      80 23 Jun 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.28 5-Year NX*****W 2.5 01-Jun-19 106.22 106.30 106.19 10-Year NX*****H 2.750 01-Jul-23 103.4 103.70
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      Lock icon PRECIOUS METALS
      122 23 Jun 27 GOLD(US$/oz) Jun 27 Jun 26 Hong Kong 1320.00 1316.00 Jun 27 Jun 26 London 1319.09 1313.50 1319.69 1314.85 Source: Thomson Reuters CAST BAR Jun 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 316 262 10gm 590 526
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      Lock icon PALM OIL
      57 23 Jun 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2477.0 2468.0 2479.0 2463.0 300 2023 Aug 14 2478.0 2462.0 2479.0 2454.0 1998 ***** Sep 14 2469.0 2445.0 2469.0 2436.0 ***** ***** Oct 14 2474.0 2445.0
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      Lock icon INTERBANK CURRENCY RATES
      155 23 Jun 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1767 1.1774 0.9420 0.9423 Canadian dollar 1.1679 1.1690 0.9355 0.9350 Euro 1.7011 1.7019 1.3619 1.3621 NZ dollar 1.0941 1.0952 0.8759 0.8765 Sterling pound 2.1271 2.1280 1.7029 1.7031
      155 words
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      Lock icon CHICAGO BOT
      109 23 Jun 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1432.00 1437.00 1440.75 1425.75 Aug 14 1378.00 1381.75 1392.25 1374.75 Sep 14 1266.00 1279.75 1283.00 1261.00 Nov 14 1228.00 1244.25 1245.00 1221.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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      Lock icon LIFFE
      95 23 Jun 27 COCOA (£/tonne) Close Prev High Low Jul 14 1988 1942 1990 1942 Sep 14 1958 1909 1959 1910 Dec 14 1937 1893 1939 1894 Mar 15 1927 1886 1929 1889 COFFEE(US$/tonne) Close Prev High Low Jul 14 2026 2008 2060 2007 Sep 14 2034 2027 2069 2026
      95 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1112 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 17 0.3 1 13 1.05 49 Asia-Pacific Strategic W*****6 Ratio Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 7.2 -1.9 215 1 25 1 Asiatravel.com HoldingsW*****5 15.8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 23 CRUDE OIL PRODUCTS Jun 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.40 -0.37 WTI (Near Mth) 105.62 -0.89 Dubai (1-Mth F) 109.80 0.17 Tapis blend 116.21 -0.02 Minas 111.81 -0.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.39 -0.22 Jet Kerosene 123.13 -0.35 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 23 Jun 27 S$ Bid Offer 1-month 1.2491 1.2495 2-months 1.2491 1.2495 3-months 1.2490 1.2495 6-months 1.2489 1.2493 Source: OCBC
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      Lock icon LONDON METALS
      65 23 Jun-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1849.75 1862.25 3 months 1885.00 1897.00 Copper, Grade A(US$/tonne) Cash 6976.00 6986.50 3 months 6945.00 6955.00 Lead(US$/tonne) Cash 2136.00 2145.75 3 months 2161.00 2174.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Jun 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.205 1.148 Can dollar 1.190 1.145 Euro 1.741 1.659 Sterling pound 2.168 2.085 NZ dollar 1.123 1.080 US dollar 1.274 1.214 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      154 23 Jun 27 $S Offer Bid 0vernight 0.05 0.01 1-month 0.25 0.20 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 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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  • Article
    Lock icon SHIPPING TIMES
    2354 24 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
    2,354 words
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      39 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      136 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
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      395 27 TOSHIBA Leading Innovation »> Toshiba recommends Windows 8 Pro. Thin. Light. Smart. EMPOWER YOUR BUSINESS WITH SECURE RELIABLE NOTEBOOKS DAY L FE hrs PORTEGE Z30 Ultrabook” ALL BATTERY 1.20kg Ultra Thin, Ultra Light reddot award 2014 winner The new Portege Z30, lightest in its class, comes with Toshiba EasyGuard™ and
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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      Lock icon Software-defined entities riding the new wave
      1122 28  -  MD of EMC Singapore tells AMIT ROY CHOUDHURY about the paradigm shift in the IT industry AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT INFORMATION technology (IT) is undergoing a paradigm shift and the new wave of companies that will emerge as winners across the entire industry
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      Lock icon The mobile race in developing markets
      815 26  -  Vserv’s CEO tells VICTORIA HO where the key in cashless payments lies VICTORIA HO SOFTWAREmakersand advertisers must figure out how to better work with mobile carriers, or they will lose out fast in emerging markets, warned Dippak Khurana, chief executive and co-founder of mobile
      815 words
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      Lock icon Asset intensive firms turn to IT to squeeze more value
      758 26  -  <you say> By‘ VIRENDER AGGARWAL The writer is the CEO of Ramco Systems, a software products and services provider that offers cloud-based enterprise applications THE proposed major overhaul of the Singapore bus services sector has thrown into sharp focus the
      758 words
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      Lock icon Google aims to put Android in everything you do
      603 26 Bloomberg [SAN FRANCISCO] Google Inc is on a mission to make its Android mobile software ubiquitous. In a series of announcements last week at its annual developer conference, Google unveiled a new version of the software for handsets and tablets and
      Bloomberg; PHOTO: REUTERS  -  603 words
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      Lock icon How to attract and keep #GenMobile
      936 27  -  Aruba says enterprises need mobile networks to cater to a younger, more tech-savvy workforce, reportsAMIT AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT WITH a new generation of tech-savvy workers entering the workforce, enterprises need their IT departments to design a mobile network that allows instant access
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      Lock icon Huawei sees major potential in the non-telco business
      574 27  -  Enterprise business set to play big role in the firm’s future By VICTORIA HO THE enterprise group’s contributions to Huawei’s coffer for now is small, but its future role looks big. The Chinese telco giant sees the company eventually relying on non-telco
      574 words
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      Lock icon Cheap power set to attract Asian tech companies to Arctic circle
      575 27 Bloomberg [STOCKHOLM] Asian technology companies are set to follow Google Inc and Facebook Inc in putting data centres near the Arctic circle to benefit from the lowest power prices in Europe, according to utility Vattenfall AB. Internet services from
      Bloomberg; PHOTO: AFP  -  575 words
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      110 28 A dynamic city A bank renowned for innovation 50 remarkable years in Singapore X X < I te I 4 m ■ki From transport to property to commodities, J.P. Morgan has been at the forefront of many pioneering deals that have helped build today’s Singapore. For 50 years, we’ve enabled
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