The Business Times, 17 May 2010

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Microfilm: NL30669
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, May 17,2010
    23 words
  • Article, Illustration
    Lock icon Greece mulls taking action against US banks
    846 1 A decision will be made after a Greek parliamentary probe [WASHINGTON] Greece is considering taking legal action against US investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said. “I wouldn’t rule out that this may be
    REUTERS  -  846 words
  • Article, Illustration
    Lock icon Economy may jump 10.6% in Q2: BT-UniSIM
    657 1  -  All indicators of actual business activity shot into expansion mode in Q1 By TEH SHI NING [SINGAPORE] Singapore’s economy may grow by up to 10.6 per cent in the second quarter, leading indicators from the latest BT-Uni-SIM Business Climate survey show. After six
    Source: BT-UniSIM Business Climate Survey  -  657 words
  • Article
    Lock icon MARKETS DIGEST
    157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,855.21 +34.10 KL COMP 1,339.30 +6.41 NIKKEI 225 10,462.51 +97.92 HANG SENG 20,145.43 +225.14 SET INDEX 768.79 +0.24 JAKARTA COMP 2,858.39 +119.06
    157 words
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      150 1 YOUNG INVESTORS’ FORUM Treats for early birds in China PAGE 13 DINING OUT What’s cooking at Marina Bay Sands PAGE 23 VIEWS FROM THE TOP Who will lift the 2010 World Cup? PAGES 14-15 BizIT Singapore plans data centre park PAGE Il« J'WIl', L.' Mm \>\ />! cat ;<&•• LA
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  • TOP STORIES
    • Article
      Lock icon Tharman to China: Let the yuan appreciate
      525 2  -  ‘Sensible’ for Beijing to return to path of gradual appreciation, with more flexible exchange rate By UMA SHANKARI [SINGAPORE] Singapore’s finance minister Tharman Shanmugaratnam said in a television interview that it would be sensible for China to allow its currency to rise in
      525 words
    • Article, Illustration
      Lock icon Rewarding 3 firms at this year’s Emerging Enterprise Awards
      721 2  -  Winners are Udders, MAJ Aviation and KAI Square By FELDA CHAY [SINGAPORE] It may be one of the youngest finalists among the 15 at this year’s Emerging Enterprise awards, but that has not stopped homegrown icecream chain Udders from melting the
      ARTHUR LEE  -  721 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      637 2 Economy may jump up to 10.6% in Q2: BT-UniSIM SINGAPORE’S economy may grow up to 10.6 per cent in the second quarter, leading indicators from the latest BT-UniSIM Business Climate survey show. After six months of contraction, all indicators of actual business activity shot into expansion mode in
      637 words
    • Article
      Lock icon SembMarine takes Baker to court over PPL stake
      506 2  -  It also seeks damages from PPL for breach of JVA By VEN SREENIVASAN [SINGAPORE] The tussle between Sembcorp Marine and Baker Technology over the sale of the latter’s stake in PPL Shipyard Pte Ltd is now headed for the courts. On Friday
      506 words
    • Article
      Lock icon NWC unveiling guidelines next week
      244 2  -  By CHUANG PECK MING [SINGAPORE] The National Wages Council (NWC) is due to unveil its wage guidelines for 2010/11 on May 25, says the Singapore National Employers Federation website. SNEF president Stephen Lee, who is also a member of the NWC, will brief SNEF members
      244 words
    • Article, Illustration
      Lock icon A legend in fond memory
      902 4 Corporate leaders pay tribute to a great S’pore son GOH KENG SWEE, 1918-2010 CORPORATE leaders joined politicians in paying tribute to Singapore’s late former deputy prime minister Goh Keng Swee, who died on Friday morning at the age of 91 after a long illness. Dr
      CAROLINE CHIA/THE STRAITS TIMES  -  902 words
    • Article, Illustration
      Lock icon Storm clouds in Europe rattle investors
      1028 4  -  Worry over whether debt crisis will put US recovery at risk WALL STREET INSIGHT By ANDREW MARKS CRISIS was averted last week with a promise of US$1 trillion worth of financial rescue for Europe’s most troubled economies. For a day or two, Wall Street
      BLOOMBERG  -  1,028 words
    • Article
      Lock icon No easing of crackdown on Red Shirts: official
      752 4  -  Troops are targeting only ‘terrorists’ among protesters By LEE U-WEN [SINGAPORE] Thailand’s government insisted yesterday that a crackdown on Red Shirt protesters will continue despite their plea for UN-mediated talks to end four days of street clashes with troops that have left
      752 words
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      221 3 A symbol of our commitment to Singapore. Australia and New Zealand Banking Group Limited (ANZ) is pleased to announce the completion of the acquisition of the Royal Bank of Scotland Group pic (RBS) retail commercial businesses in Singapore. ANZ has also completed acquisitions of selected RBS businesses in Taiwan, Hong
      221 words
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      315 5 0DBS7S I am looking to get the most out of my foreign currencies We are your sweet returns of 4.555% p.a. <- VE l&i a #> P« «ii -p €> c 1 «j* 1 r ft v c I 1$ V. ft 0. S'<r 7 f <■■£) C> m m
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  • COMPANY NEWS
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2106 6 Payment Ex Books Pay (cts) date close date 8Telecom Intl bn 0.622 11-May 13-May 02-Jun ABR Hldgs ak 1.000 11-May 13-May 27-May Action Asia an 1.000 06-May 10-May 19-May Adampak Ltd ak 1.500 06-May 10-May 26-May Advanced Hldgs ak 2.000 03-May 05-May 18-May AEI Corp ak 1.000 06-May
      2,106 words
    • Article
      Lock icon Nothing at Sino-Env but more questions
      851 6  -  HOCK LOCK SIEW By LYNETTE KHOO SHAREHOLDERS of embattled Sino-Environ-ment have had their hopes raised by recent positive developments, only to find these hopes being crushed by the latest news. Last week, the group disclosed that it has filed for judicial management after failing
      851 words
    • Article, Illustration
      Lock icon Founder again takes helm of Xpress
      336 6  -  As COO, he built up China arm into main growth engine By UMA SHANKARI XPRESS Holdings’s founder Fong Kah Kuen (KK Fong) has once again taken over the helm of the company as its chief executive and executive director, the company said. Mr Fong
      FILE PHOTO  -  336 words
    • Article, Illustration
      Lock icon Singapore may be spared worst of outflows
      678 9  -  Investors are shying away from markets such as China, Taiwan and India By CHAN YUPING With safety now the key concern for investors gripped by fears of possible contagion from Europe’s debt crisis, the Singapore market with its defensive qualities may be spared
      AP  -  678 words
    • Article
      Lock icon COMPANY MEETINGS
      311 9 COMPANY MEETING PLACE DATE TIME Netelusion S 7 Temasek Boulevard, #15-03 Suntec Tower One, Singapore *****7 20-May 3.00pm Lankom Elect A 7F No. 5 Lane 345 Yang Guang Street Neihu Taipei 114 Taiwan 21-May 10.00am Reyphon Agri A 10 Ang Mo Kio Street 65, #06-10 Techpoint, Singapore *****9
      311 words
    • Article
      Lock icon PRIME LENDING RATES
      403 9 May 14 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
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      139 6 IcfijggisKssS!! i J '4 v1i K'\& mm# f'Ji T I- VSTJ L* W i > f p> *•*-■< it* 1 Tsy rr*5 w ,9 •ft > i r e w fv >: r m i •A BRING YOUR FAVOURITE MOMENTS HOME View and purchase at www.photobank.com.sg Like the photos of
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      46 6 Accounting Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks 285S* CoflVP The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. Call 6-222 6868 now AccountServe for the Accounting Specialists www.AccountServe.com.sg
      46 words
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      269 7 Best Available Rates Australia Bahrain Belgium China Featured Promotions Partnership Programmes Exclusive Member Deals Georgia Germany India Indonesia Japan Kazakhstan Korea, South Malaysia Philippines Qatar Russia Singapore Spain Thailand United Arab Emirates United Kingdom Vietnam Citadines Paris Saint-Germaine-des-Pres Ws m m ;;'-y m 7i": V:m I V m Wmmm&m Paris
      269 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Will official put options be made worthless?
      666 8  -  STOCKS R SIVANITHY Senior Correspondent AFTER Friday’s blowout in markets in Europe and the United States, this week won’t be so much about government bailouts than investors bailing out of stocks, that is. That we’ll see a large sell-off today goes without saying.
      666 words
    • Article
      Lock icon Brazil harvest may dampen coffee prices
      460 8  -  COMMODITY WATCH By AVTAR SANDU The writer is Asian commodities manager at Phillip Futures COFFEE drinking is regaining its popularity in Asia since it was discovered (according to legend) in the Arabian peninsula. Coffee beans are derived from the Coffea, which are flowering plants
      460 words
    • Article
      Lock icon Asian currencies gain on prospect of faster economic growth
      426 8 CURRENCIES Bloomberg [HONG KONG] Asian currencies appreciated last week, led by Malaysia’s ringgit and South Korea’s won, on signs that the region’s economic growth is gathering pace, bolstering demand for emerging-market assets. The Bloomberg-JPMorgan Asia Dollar Index had its biggest weekly
      Bloomberg  -  426 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1390 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Company name Allgreen Prop Ltd 2.00 2.00 11 11.71 9.74 1.44 1.14 ARA Asset Management Ltd 1.67 1.67 3 7.13 13.12 1.15 0.94 Armstrong Ind Corp Ltd
      1,390 words
    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ *****-1068.0 -3.5 DBXT FTVietnam 10US$ 4510-171.3 -2.7 DBXT S&P Short 10US$ 5130-165.8 -2.3 DBXT MSUSA 10US$ 2724-146.5 -3.7 CMProp 1000-119.3 -40.2 Lyxor Nasdaq100 10US 772 -48.4 -4.3 Kim Eng Hldgs 177 -20.0 -10.2 OCC 3.93% NCPS10 8760 -20.0 -0.2 Wilmar 642 -18.0
      121 words
    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands May 14 CHNG YR 2010 CLOSE FR May 13 S$ LOW S$ HIGH US$ 1.3829 -0.24 1.4219 1.3680 Euro 1.7246 0.71 2.0153 1.7246@ Pounds 2.0124 1.26 2.2831 2.0124@ A$ 1.2352 0.42 1.2960 1.2276 Yen* 1.4952 -0.45 1.5927 1.4467 Rupiah* 0.***** -0.12 0.***** 0.***** Baht* 4.2722 -0.18
      87 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 8 May 14 VALUE CLOSE BT OB/OS -1153.00-173.00 BT CADI -*****.00 -84.00 BT 10-day MA -*****.00-116.00 FTSE ST Mid Cap 693.66 -1.60 FTSE ST Small Cap 547.61 -0.75 FTSE ST All Share 705.74 -2.78 FTSE ST China Top 275.71 -0.87 FTSE ST China 294.97 FTSE ST Catalist 1191.99
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Genting SP 918,664,000 Golden Agri 599,551,000 Cosco Corp 197,131,000 Yangzijiang 183,608,000 UniFiber 142,135,000 SingTel 123,607,000 GMG Global 117,709,000 NOL 105,012,000 Noble Grp 97,661,000 CapitaLand 94,955,000 VALUE($) Genting SP 909,584,717 DBS Grp 473,807,945 SingTel 367,510,343 UOB 360,527,030 CapitaLand 349,740,511 Golden Agri 329,250,417 OCBC Bk 328,819,307 Cosco Corp
      57 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 689.5 4.5 GLD 10US$ ***** 536.1 3.3 DBXT DJE50 10US$ 3672 415.9 8.9 OUE 1940 230.0 13.5 DBXT MSEurope 10US$ 3961 139.6 2.6 DBXT FTChina25 10US$ 2859 106.4 2.8 DBXT MSINDO 10us$ 1161 81.5 5.4 Jardine C&C 2932 64.0 2.2 SIA.ES.1005
      114 words
    • Article, Illustration
      Lock icon Lowest PE portfolio is biggest gainer
      1451 10  -  TEH HOOI LING Senior Correspondent THE trillion-dollar euro zone rescue put together by the European Union and International Monetary Fund last weekend calmed the market from the panic of a week before, allowing stocks to claw back some of their losses. All our portfolios
      1,451 words
    • Article, Illustration
      Lock icon Directors’ buying rises again, buyback activity stays high
      1477 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Limited THE buying last week rose for the second straight week while the selling among directors fell, based on filings on the Singapore Exchange in the second week of
      1,477 words
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      94 8 Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 Phillip Futures Bringing Global Markets closeijto you 2 m Brought to you by PhiISp Futures Pta Ltd (A member of PhillipCapital) CO, Reg. No: *****5695G The above information does riot constitute an investment advice, an offer/solicitation to buy/sell the
      94 words
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      128 9 WE MAKE IMPORTING SIMPLE. Regulations, middlemen, paperwork and so many other details can leave you tied up in knots. Why not rely on DHL IMPORT EXPRESS WORLDWIDE to untangle your imports? One company door-to-door. One competitive price. One invoice in one currency. That means fast delivery without excuses or hidden
      128 words
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      170 11 At Grant Thornton, we understand that the big decisions you have to make are sometimes difficult, often finely balanced, always with you. Whether it be planning for the future or staying competitive in the global economy, you need a professional services firm that understands and meets your unique needs. Foo
      170 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Lanxess breaks ground for 400m euro plant
      466 12  -  Moves confirms rebound in the synthetic rubber market since Jan By RONNIE LIM GERMAN specialty chemicals group Lanxess said last week that due to strong demand for its synthetic rubber, it will break ground today for its new 400 million euro (S$687 million)
      ARTHUR LEE  -  466 words
    • Article
      Lock icon $32,000 raised for BT-BAF on its fifth anniversary
      352 12  -  By JASLENE PANG FOUR artworks created by beneficiaries of Sony’s “make.believe” ART programme raised $2,000 for The Business Times Budding Artists Fund (BT-BAF) last week at an auction at The Arts House. Last Tuesday marked the fifth anniversary of the fund started
      352 words
    • Article, Illustration
      Lock icon Where the performance is someone else’s reality
      535 12  -  SINGAPORE ARTS FESTIVAL By NATALIE KOH PEOPLE usually buy tickets to a performance to step out of their realities and into a world where issues and themes are put into perspective for them. In Cargo Kuala Lumpur Singapore, the performance is in fact
      SAMUEL HE/THE STRAITS TIMES  -  535 words
    • Article
      Lock icon What firms want most in venturing abroad
      319 12  -  By TEH SHI NING SINGAPORE companies say a good host partner and adequate finance are the most critical factors for success in business overseas. Also highly prized are capable managers, effective networking and transparent rules, according to the latest BT-UniSIM poll conducted in
      319 words
    • Article
      Lock icon Make patients responsible: survey
      349 12  -  By NISHA RAMCHANDANI IN the wake of a global recession and amid rising national health costs, healthcare will grow increasingly customised and pa-tient-friendly in an attempt to empower patients to take greater responsibility for their own health, a report said. According to the report by the
      349 words
    • Article, Illustration
      Lock icon Revelling in the spectacle of song
      603 12  -  By SANGEETHA MADHAVAN WE have seen how pop and rock musicians such as U2 are adept at turning music into a theatrical spectacle that touches and moves, but folk music? And Indian folk music for that matter a loose genre consisting of small groups
      603 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Treats for early birds in China
      925 13  -  It’s time for Singapore to export its best talent, innovation and start-ups to Asian growth markets, says CHRIS EVDEMON CHRIS EVDEMON The writer is investments business development manager at Innovation Works in Beijing and a speaker at the upcoming echelon 2010 (www.amiando.com/echelon2010), a Web
      925 words
    • Article, Illustration
      Lock icon Hard work leads to Cerebration
      1024 13  -  Organising the flagship challenge was the highlight of VIKRAM JAISINGHANI’s MBA journey at NUS CAMPUS LIFE VIKRAM JAISINGHANI’s The writer, co-lead organiser of Cerebration 2010, is from NUS Business School’s MBA class of 2010 IWAS overcome with mixed emotions of joy and a sense of
      1,024 words
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      45 13 THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      45 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon WHO WILL LIFT THIS CUP?
      1750 14 THIS WEEK’S TOPIC What are your favourite teams at the 2010 Fifa World Cup finals in Africa, and which one is likely to be crowned world champion come July 11? Why? Michael Zink Country Head and Citi Country Officer for Singapore Citi Group I WILL
      AP; AFP  -  1,750 words
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      438 14 wz T 10 20 4 o V A». V 6) to M urn" 1 m Ca\» n< 3 Me Him 460 48 sg AUeen ed u ntact al \eentay@ s Co mail or 0 PROFESSIONAL DEVELOPMENT BE AT THE HELM OF CHANGE Anyone can steer the ship, but it takes
      438 words
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      318 15 OCBC PREMIER BANKING ISN'T IT TIME YOU ENJOYED BONUS INTEREST ON YOUR SAVINGS? r. J c f I i Earn interest of up to 1% p.a. when you deposit with us. Enjoy an attractive bonus interest of 0.45% p.a. when you deposit S$300,000 or more of fresh funds into an
      318 words
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  • ECONOMY WATCH
    • Article
      Lock icon Euro disaster a grim reminder to the US
      645 16 Obama has promised to ease the deficit urgently but some analysts think he is not taking it seriously AFP [WASHINGTON] The European debt crisis is a stark reminder for the US to tackle its own massive budget deficit, which some fear will
      AFP  -  645 words
    • Article, Illustration
      Lock icon Cameron’s honeymoon might end with painful budget cuts
      767 16 He has pledged to tackle a deficit of £163.4b in 50 days AFP [LONDON] Britain’s new premier David Cameron is riding high after taking power in a “love-in” coalition tie-up but with painful budget cuts looming, his honeymoon may come to a
      AFP; AP  -  767 words
    • Article
      Lock icon Seoul think-tank raises growth forecast, urges rate hike
      333 16 Reuters [SEOUL] South Korea’s top st ate-run economic think-tank yesterday raised this year’s economic growth forecast for the second time in six months and urged the central bank to start normalising its low interest rate policy. The Korea Development Institute (KDI) said
      Reuters  -  333 words
    • Article, Illustration
      Lock icon US$12.4b cut slated for California budget
      432 16 Still no tax hikes in latest proposal NYT [LOS ANGELES] Governor Arnold Schwarzenegger has proposed huge cuts to a host of state services to close a US$19 billion hole in California’s two-year budget, including the elimination of a financial assistance programme for poor families.
      NYT; BLOOMBERG  -  432 words
    • Article
      Lock icon Chances of US-S Korea deal slim due to US elections
      414 16 AP [WASHINGTON] Leading US senators and a group of former officials are pushing the Obama administration to send a stalled US-South Korean free trade deal to Congress. With November elections looming, however, the accord may already be dead this year.
      AP  -  414 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Let Sime CEO ouster become a precedent
      574 17  -  It reinforces the belief in accountability and governance MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent THE decision by Sime Darby’s board to remove its president and chief executive Ahmad Zubir Marshid last Thursday was “unprecedented”, according to some newspapers. Perhaps it should be the
      574 words
    • Article
      Lock icon Jakarta awards oil and gas exploration rights
      147 17 Reuters Bloomberg [JAKARTA] Indonesia has awarded 14 oil and gas blocks to firms including Spanish giant Repsol and a consortium of Talisman Energy and Thailand’s PTT Exploration and Production, an official said on Friday. The move is part of Indonesia’s efforts to boost
      Reuters; Bloomberg  -  147 words
    • Article
      Lock icon BURSA MALAYSIA
      2048 17 VOL May 14 RM +/-(‘000) A M Realty 0.61 -0.04 125 Abric Bhd 0.18 -0.02 4 Advance Synerg 0.15 0.01 547 Adventa Bhd 3.28 -0.04 210 Ae Multi Hldgs 0.58 -0.04 3113 Affin Holdings 3.09 0.05 1455 Ahmad Zaki Res 0.84 -0.01 593 Aic Corp 0.81 0.04 187
      2,048 words
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      135 17 Sometimes, the courage to make waves is exactly what we need to change. Not just for the better. But at a level that surpasses all expectations. The Berita Harian Achiever of the Year is awarded to a Malay/Muslim who has made significant contributions to the Malay/Muslim community either in education,
      135 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China banks go fund-raising amid weak sentiment
      730 18 Beijing seen as major subscriber of new offerings, helping to prop up demand AFP [SHANGHAI] It may not seem the ideal time for massive share offerings as Europe’s debt crisis and moves by Beijing to tighten monetary policy rattle Asian equity markets, but
      AFP; REUTERS  -  730 words
    • Article
      Lock icon Yuan revaluation will hurt US: World Bank official
      399 18 Reuters [CHICAGO] The chief economist for the World Bank said on Saturday that if China were to revalue its currency it would actually hurt rather than help the US economy. Speaking to students on China’s role in the future global economy, Justin
      Reuters  -  399 words
    • Article, Illustration
      Lock icon Sky-high prices dim Indian gold buying festival
      529 18 AFP [NEW DELHI] Hopes of bumper gold sales for an Indian festival over the weekend viewed as auspicious for buying the yellow metal looked set to be dashed by record-high prices, industry figures said on Saturday. India is the world’s biggest importer and
      AFP  -  529 words
    • Article
      Lock icon Homebuyers reeling from Beijing property measures
      727 18 One such measure is barring people who have not paid taxes AFP [BEIJING] Accountant Jiao Yurong carefully organised her family’s finances to put her son through university in the United States. Now that he has the coveted degree, she has been saving to buy
      AFP  -  727 words
    • Article
      Lock icon India’s telecoms spat with China won’t derail ties
      679 18 The two will focus on mutual interests and trade: analysts Reuters [MUMBAI] India’s ban on imports of Chinese telecommunications equipment over spying fears underscores deep mistrust of its neighbour but is unlikely to derail cooperation between the world’s two fastest growing economies.
      Reuters  -  679 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Cameron: We’ll cut spending, not raise taxes
      609 19 A detailed coalition deal with Lib Dems will be published soon, says new PM Reuters [LONDON] Britain’s new government will publish a fuller coalition agreement on a broad range of policies within two weeks, Prime Minister David Cameron said yesterday, adding that its
      Reuters  -  609 words
    • Article
      Lock icon UK looks set to bow to EU on hedge fund rules
      292 19 AFP [LONDON] Britain’s new government is to admit defeat on proposed European Union rules for hedge funds, The Sunday Times reported. Sources close to Chancellor of the Exchequer George Osborne told the newspaper that although the government still disagreed
      AFP  -  292 words
    • Article
      Lock icon Ho Kay Tat set to become COO of Star Publications
      393 19  -  Move could reflect post-election change in MCA leadership By S JAYASANKARAN HO Kay Tat, editor-in-chief of the Edge group of publications, is likely to be appointed as the chief operating officer of Star Publications the listed, RM2 billion (S$866 million)
      393 words
    • Article, Illustration
      Lock icon Webber leads Red Bull 1-2 finish
      635 19 MONACO GRAND PRIX AP [MONACO] Mark Webber won the Monaco Grand Prix from pole position yesterday to lead a Red Bull 1-2 finish at the famous street race. Webber’s fourth career win moved him to top of the Formula One standings ahead of teammate
      AP; REUTERS  -  635 words
    • Article
      Lock icon Triesman quits as head of UK’s World Cup bid
      488 19 AFP [LONDON] Lord Triesman has resigned as chairman of England’s bid to host the 2018 World Cup finals after it was revealed in the Mail on Sunday he had claimed that Spain and Russia were planning to bribe referees at June’s
      AFP  -  488 words
    • Article
      Lock icon Opposition takes Sibu seat with narrow majority
      278 19 Reuters [KUALA LUMPUR] Malaysia’s opposition won a key by-election in Sarawak state on Borneo island on Sunday, albeit with a narrow majority, that showed the government had failed to win back ethnic Chinese voters. The opposition took the Sibu seat with a majority
      Reuters  -  278 words
    • Article, Illustration
      Lock icon Wall St reform may clear US Senate on Wednesday
      656 20 Obama says bill would help secure the country’s economic future AFP [WASHINGTON] Ambitious Wall Street reform, which has become a top priority for President Barack Obama, enters the home stretch in the US Senate this week, with a final vote on
      AFP; AP  -  656 words
    • Article
      Lock icon Franken bill may not be assets’ reliable indicator
      581 20 Details on how the process would work are still unclear too Reuters [NEW YORK] Legislation designed to create more independent credit ratings for risky assets may not result in more reliable indicators of an asset’s future performance and details on how the
      Reuters  -  581 words
    • Article
      Lock icon Australia stands firm on new tax on mining profit
      211 20 Reuters [SYDNEY] Australian Treasurer Wayne Swan yesterday vowed to stand firm on a planned new tax on mining profits, to be set at 40 per cent, despite widespread criticism from the country’s booming resources sector. Mr Swan promised “generous transitional provisions
      Reuters  -  211 words
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      Lock icon Japan Inc rides Asian boom to roar back
      636 20 AFP [TOKYO] Surging corporate profits and bullish forecasts suggest Japanese companies are bouncing back from the worst recession in decades, with cost-cutting firms betting on emerging markets for growth. Many of Japan’s corporate titans saw a return to profit in the fiscal
      AFP  -  636 words
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      709 19 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YONG DA HOLDINGS PTE LTD COMPANY REG. NO: 2005-*****-H (INVOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of YONG DA HOLDINGS PTE LTD duly
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      171 20 Biodynanugpne Masterclass! A Toast To A Toast To Great Taste Add a new dimension to your enjoyment of wine with a biodynamic label. As the rave reviews on the clarity and purity in taste attest, this is one trend that looks set to stay. Learn more about it with Curtis
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      24 20 -S- tk Lianhe Zaobao Hit by China's measures to cool real estate market Whither property S-chips? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • EUROZONE CRISIS
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      Lock icon Who will prevail in EU crisis?
      894 21 The Eurozone deficit and debt problem is pitting politicians against financial markets in a blame game that reveals failings on both sides AFP [FRANKFURT] THE eurozone deficit and debt crisis has pitted politicians against financial markets in a blame game that reveals failings on
      AFP; Source: Bloomberg; AP  -  894 words
    • Article, Illustration
      Lock icon Benefit cuts spark wave of anger in Europe
      1176 21 LAT-WP [ATHENS] ARETIREE at age 59, with a comfortable pension and a generous severance payment as well, Yolanda Hatzi knows she got a good deal when she left the National Bank of Greece three years ago. She also knows such arrangements have
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  • AVIATION/SHIPPING
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      Lock icon UK and Ireland shut several airports due to cloud ash
      595 22 North Atlantic overflights through Irish-controlled airspace remain unaffected Reuters AP [DUBLIN] Ireland shut several of its airports and Britain imposed a no-fly zone on parts of its airspace on Sunday as another cloud of ash from a volcano in Iceland
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    • Article
      Lock icon BP tries to contain oil spill under growing pressure
      251 22 Reuters [GALLIANO, Louisiana] Energy giant BP made a new attempt to siphon gushing oil from an offshore well as political pressure and public outrage increased over the company’s slow progress at stopping environmental disaster. London-based BP plc admitted on Saturday that
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    • Article
      Lock icon Int’l travellers to Tokyo to gain from Haneda expansion
      427 22  -  By ANTHONY ROWLEY BUSINESSMEN and others flying to Tokyo from parts of Southeast Asia and elsewhere will soon be able to avoid the extra “long-haul” journey from airport to city centre by using Haneda Airport in Tokyo Bay instead of the
      427 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2868 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 Amsterdam LO4031 0605 LO4032 2345 SQ323 0605 SQ324 2345 US5410 0605 US5411 2345 AZ3992 1525 KL835 1525 Athens SQ348 0105 Auckland LH9761 0640 LH9760
      2,868 words
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      159 22 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUSINESS PLAN 2010 RATE RESTORATION EFFECTIVE 1 JULY 2010 FROM SOUTH EAST ASIA AND SOUTH ASIA TO AUSTRALIA As part of the Business Plan 2010, Member Lines of the South East Asia and South Asia Australia Trade
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      274 22 CRYPTIC CROSSWORD Across 1 Proprietary furniture stripper? (11) 9 Camp, openly gay display (7) 10 Protect queen in turn out (6) 12 ‘Game’s up!’, remorsefully admits leader (7) 13 Train learner in the German car (7) 14 Starts to decrease intake, eventually turning slimmer (5) 15 A Yale man? (9)
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  • DINING OUT
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      Lock icon Feast on home-style delights
      736 23  -  By Jaime Ee NEW RESTAURANT Jin Shan Marina Bay Sands Hotel 10 Bayfront Avenue Tel: 6688-7733 IT’S a new kid in town, but not quite. Jin Shan is a new Chinese eatery in the Marina Bay Sands (MBS) Hotel whose novelty factor would be the large
      YEN MENG JIIN  -  736 words
    • Article, Illustration
      Lock icon Elegant and refined dining
      433 23  -  By Jaime Ee NEW RESTAURANT Imperial Treasure Fine Chinese Cuisine #02-04 Marina Bay Sands 10 Bayfront Avenue Tel: 6588-7788 IF there’s one thing the Imperial Treasure group is good at, it's quality control. That’s why it can open a restaurant anywhere it wants and you will
      433 words
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      340 23 /II WINE DINE AND HOSPITALITY f L UNCH AFFAIR A sumptuous respite from work Executive Set Lunch from $42 per person For reservations information, please call 6739 6666 or email f&breservation@orchardhotel.com.sg 442 Orchard Road Singapore *****9 Telephone (65) 6734 7766 Facsimile (65) 6733 5482 enouiiy@orchardhotel.com.sg www.orchardhotel.com.sg HUATING Restaurant Level 2
      340 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9280 24 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 5.5 3148 8Telecom 16 -0.5 762 16.5 16 16 16.5 1.7 11.3 5.1 76.6 10 5.5 5834 A-Sonic 7 +0.5 495 7.5
      9,280 words
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      Lock icon SGX CATALIST
      2000 25 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6.5 unch 70 6.5 6.5 6 8 36.1 6.3 25 12 8538 t APStrategic 18 -0.5
      2,000 words
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      Lock icon STRAITS TIMES INDEX STOCKS
      113 25 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 2.140 +0.070 CapitaLand 3.640 -0.070 CapitaMall 1.950 -0.050 CityDev 10.480 -0.180 ComfortDelGro 1.490 DBS Grp 14.360 -0.120 F&N 4.700 Genting SP 0.985 +0.010 Golden Agri 0.550 HK Land 4.980 +0.020 JMH 35.620 -0.080
      113 words
    • Article
      Lock icon STOCKS ASIA
      2680 25 Transaction date: May 14 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.48 unch 0 Aeon Stores 11.50 0.12 4 Angang Steel 10.74 -0.34 ***** Anhui Conch 23.30 -0.40
      2,680 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 3 2 0 0 0 14 3 2 Manufacturing 129 53 50 10 5 23 139 58 73 Commerce 35 18 27 9 3 5 44 21 32 Tpt/Stor/Comms 30 10 5
      186 words
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      Lock icon SGX ETF
      728 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 111 unch 21 111 111 109 112 506.7 883 610 CIMBAsean40 100US$ US847 +19 20 847 847
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      Lock icon CLOB INTERNATIONAL
      74 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A44 41.5 47 3.6 8 3.5 114.6 31 11.5 6017 Genting HK US$ US19.5 unch ***** 20.5 19 19.5 20
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      Lock icon SECURITIES TRADING TURNOVER
      123 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 118,129 118,129 394,790 394,790 Manufacturing 1,784,342 171,012 1,955,354 1,269,612 7,671 1,277,283 Commerce 529,722 40,424 570,146 625,411 9,203 634,614 Tpt/Stor/Comms 718,597 3,927 722,524 1,317,056 504 1,317,560 Finance 160,827 82 160,909 1,341,051 7 1,341,058 Construction 264,877 36,882
      123 words
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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 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 26 In local curr In S$ In US$ dy yr dy yr dy yr May 14 Index Change Change Change Change Change Change World Index Preliminary 825.7 -2.4 -0.8 -2.4 -5.3 -2.7 -4.0 EAFE Preliminary 758.8 -2.7 -3.3 -2.9 -11.4 -3.2 -10.3 Europe Preliminary 1072.0 -3.5
      365 words
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      Lock icon SICOM FUTURES
      159 26 May 14 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 366.5 363.0 366.5 8 Jul 10 320.0 320.0 320.0 20 Aug 10 300.0 295.0 295.0 75 Sep 10 291.0 290.0 290.0 20 Oct 10 287.0 287.0 285.0
      159 words
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      Lock icon GOVERNMENT SECURITIES
      93 26 May 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 12.08.2010 0.29 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.14 104.23 104.15 5-Year N*****0N 1.375 01.10.2014 101.70 101.70 101.69
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 26 May 14 As at 9am May Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2270 1.2630 Can dollar 1.3470 1.3620 Euro 1.7240 1.7440 NZ dollar 0.9780 0.9990 Sterling pound 2.0100 2.0330 US dollar 1.3770 1.3920 Local dollars to 100 units of
      133 words
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      Lock icon INTERBANK RATES
      178 26 May 14 $S Offer Bid Overnight 0.03 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.45 0.35 1 month 0.55 0.35 2 months 0.58 0.38 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.10 0.90 12
      178 words
    • Article
      Lock icon PALM OIL
      68 26 May 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2512 2512 2512 2512 226 257 Jun 10 2476 2470 2490 2470 1265 7803 Jul 10 2460 2456 2477 2455 7671 ***** Aug 10 2453 2447
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      Lock icon US$/S$ FORWARD RATES
      24 26 May 14 S$ Bid Offer 1-month 1.3817 1.3830 2-months 1.3817 1.3831 3-months 1.3817 1.3830 6-months 1.3815 1.3829 Source: OCBC Source: OCBC
      24 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 May 14 Open High Sett STI May 2847 SIMSCI May 340.8 342.9 337.1 Taiwan May 276.9 277.2 275.7 Source: MF Global (S) Pte. Ltd
      27 words
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      Lock icon SIBOR
      85 26 May 14 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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      Lock icon SGX DERIVATIVES TRADING
      365 26 May 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4100 0 1126 Sep10 99.2800 0 818 Dec10 99.1650 0 1666 Mar11 98.9900 0 1895 EUROYEN TIBOR FUTURES Jun10 99.6200 309 5842 Sep10 99.6500 99.6500 99.6500 99.6450 80 2961 Dec10 99.6500 0 1761 Mar11 99.6400 0
      365 words
    • Article
      Lock icon INTERBANK CROSS RATES
      467 26 May 14 May A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.916 6.103 0.715 6.958 40.362 81.359 0.829 10.109 2.852 1.255 75.310 40.027 1.236 6.710 1.002 28.306 28.963 0.615 0.894 Canada 1.092
      467 words
    • Article
      Lock icon PRECIOUS METALS
      140 26 May 14 GOLD (US$/oz) May 14 May 13 Hong Kong 1236.30 1233.90 May 14 May 13 London 1222.15 1238.45 1223.15 1239.45 Source: Thomson Reuters CAST BAR May 14 (S$) Selling Buying Kilobar 58,704.48 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131.61 55 5gm 373.43 274 10gm 666.61
      140 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 May 14 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2352 1.2365 0.8940 0.8941 Canadian dollar 1.3483 1.3505 0.9758 0.9765 Euro 1.7284 1.7304 1.2509 1.2512 NZ dollar 0.9840 0.9858 0.7122 0.7128 Sterling pound 2.0089 2.0112 1.4539
      155 words
    • Article
      Lock icon LONDON METALS
      70 26 May 14 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2079.00 2146.00 3 months 2101.00 2170.00 Copper, Grade A (US$/tonne) Cash 6894.00 7127.25 3 months 6926.00 7160.00 Lead (US$/tonne) Cash 1910.25 2035.00 3 months 1940.00 2065.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
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      Lock icon CHICAGO BOT
      106 26 May 14 May SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 948.00 960.50 960.50 946.75 Jul 10 953.50 964.50 966.00 951.25 Aug 10 947.50 958.50 958.50 945.50 Sep 10 931.50 942.00 941.00 927.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 37.17 37.80
      106 words
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      Lock icon LIFFE
      78 26 May 14 May COCOA (£/tonne) Close Prev High/Low Jul 10 2218 2256 2253/2212 Sep 10 2192 2229 2228/2186 Dec 10 2157 2196 2193/2153 Mar 11 2141 2174 2164/2135 COFFEE (US$/tonne) Close Pev High/Low May 10 1328 1354 1360/1327 Jul 10 1376 1402 1402/1370 Sep 10 1411 1437 1435/1407 SUGAR
      78 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS May 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.96 0.56 WTI (Near Mth) 74.10 -1.21 Dubai (1-Mth F) 81.42 0.33 Tapis blend 87.55 0.35 Minas 87.00 0.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.67 1.12 Jet Kerosene 92.50 1.50 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2571 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 3603 FirstLink Inv Corp Ltd W*****0 0.5 1 18 185 13.00 30 Global Yellow Pages W*****0 4.5 0.5 1983 1 18 45 3.44 52 Genting SP.ES.1005 100 6.5 63
      2,571 words
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      95 26 The world's No. 1 CFD provider* FX/CFD trading provides a simple way to profit from rising and falling prices. Access global markets 24/7; FX plus thousands of shares, ETFs, commodities and indices on one account. Automatic rebates on Singapore shares and FX for high-volume traders. Find all you need to
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5927 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • BizIT
    • Article
      Lock icon Tips for pain-free SMB storage
      1130 29  -  Clear-cut strategies needed to take care of the spiralling growth of information <you say> By PHIL GANN The author is director solutions and products group, APAC, Hitachi Data Systems BY NOW most (if not all) small- and medi-um-sized businesses (SMBs) would have thought about their
      1,130 words
    • Article
      Lock icon Scammers exploit iPhone 4G buzz
      239 29  -  By CHAN YUPING SCAMMERS have been exploiting the much-anticipat-ed, but yet to be announced, arrival of Apple’s next generation iPhone to harvest private information from Internet users, said IT security and data protection firm Sophos. By sending out e-mails which invite recipients to test out
      239 words
    • Article
      Lock icon IBM unruffled by rivals’ M&A moves
      263 29 Senior company exec says rivals are ‘following their lead’ Reuters [NEW YORK] IBM feels no threat from a series of acquisitions by competitors and has no plans for a major strategy change even as it spends more on mergers and acquisitions, a senior company
      Reuters  -  263 words
    • Article, Illustration
      Lock icon Oracle’s Larry Ellison says he is already turning around Sun
      910 29 Says Sun’s managers made ‘some very bad decisions’ Reuters [BOSTON] In the movie Iron Man 2, Larry Ellison makes a cameo appearance as a billionaire, playboy software magnate. It is a role he knows well. He is playing himself chief
      Reuters; AP  -  910 words
    • Article
      Lock icon The open Web is world’s largest social network
      770 29 NYT [NEW YORK] On its website, Facebook says it’s “giving people the power to share and make the world more open and connected”. But the online world outside of Facebook is already a very open and connected place, thank you very much.
      NYT  -  770 words
    • Article, Illustration
      Lock icon S’pore has 2nd highest Internet penetration in Asia-Pacific
      1210 31  -  But it is way behind in broadband connectivity, Akamai study shows By AMIT ROY CHOUDHURY SINGAPORE has the second highest level of Internet penetration in Asia-Pacific with one in three residents having a unique IP address, according to a report by Akamai
      1,210 words
    • Article
      Lock icon Indians slowly coming to grips with e-commerce
      174 31 AFP [MUMBAI] Vipul Modi is a busy high court lawyer in India’s financial capital Mumbai. Like many people, he uses the Internet to buy rail and airline tickets as well as pay his utility bills. Yet when it comes to buying other products
      AFP  -  174 words
    • <what’s new>
      • Article, Illustration
        Lock icon HTC’s Desire coming soon
        174 31 Asus releases new netbook ASUS has launched its new Eee PC Seashell 1201PN a netbook designed for users looking to have a compact and mobile machine that delivers a multimedia performance. The 1201PN comes with the Intel Atom N450 processor and Nvidia Ion graphics. The pricing
        174 words
      • Article, Illustration
        Lock icon New projector from NEC
        176 31 Lexmark laser printer LEXMARK has introduced a single function monochrome A4 laser printer with a colour touch screen. The T656dne monochrome laser printer enables solutions capabilities for large workgroups, providing access to preload and customisable applications with the simple touch of an icon on a colour
        176 words
      • Article, Illustration
        Lock icon Sygic releases new 3D product
        83 31  -  Compiled by JASLENE PANG 3D navigation product Sygic Aura is now available in Singapore and Malaysia. Sygic Aura combines car navigation with a pedestrian-centric application so that both drivers and pedestrians have access to information, including 3D visuals. The product is designed for users of
        83 words
    • Article
      Lock icon e-Cop to expand into more Asian markets
      321 31  -  By CHAN YUPING SINGAPORE-BASED e-Cop, which offers managed risk and information security services, plans to boost turnover 300 per cent over five years by grabbing a bigger slice of the US$4 billion managed security services (MSS) market in the Asia-Pacific region. Executive director
      321 words
    • Article
      Lock icon Jobs contacted Gizmodo editor over lost iPhone
      200 31 [WASHINGTON] Apple chief executive Steve Jobs personally contacted the editor of a technology blog which obtained an iPhone prototype last month to ask for it back, according to newly released court documents. The contact between Mr Jobs and Gizmodo’s Brian Lam and other
      200 words
    • Article, Illustration
      Lock icon Singapore plans data centre park
      798 32  -  The Republic aims to get world-class Internet and media companies to host their content and services here, reports RAJU CHELLAM RAJU CHELLAM THE government is formulating an ambitious plan to set up what could probably be the world’s first dedicated data centre park (DCP) for
      798 words
    • Article
      Lock icon Data centre hosting a growing business
      229 32  -  By RAJU CHELLAM DEMAND for data centre (DC) space significantly outpaces supply in the Asia-Pacific-Japan region, with 50 per cent of the demand being driven by government initiatives in e-citizen services, and the rest by Internet media, telecom and IT companies. That view comes
      229 words
    • Article
      Lock icon <what’s up>
      215 32  - &lt;what’s up&gt; Compiled by JASLENE PANG Web technology event in June WEB technology event echelon 2010 is happening at the Matrix Building in Biopolis from June 1-2. The main focus will be on the hot topics in the Web startup scene. echelon 2010 will feature keynote discussions, panel discussions, case
      215 words
    • Article, Illustration
      Lock icon It’s all about the dummies
      1053 32  -  The tough part of IT entrepreneurship is figuring out what will sell and what won’t &lt;we say&gt; AMIT ROY CHOUDHURY Technology Editor RECENTLY, Spring Singapore chairman Philip Yeo inadvertently created a furore of sorts with some off-the-cuff remarks. Speaking at the Fuller-ton-St Joseph’s Institution leadership
      1,053 words
    • Article
      Lock icon Microsoft CFO sees boost from new business tech spending
      560 32 Reuters [NEW YORK] Microsoft Corp is expecting a boost this quarter from a rebound in business tech spending, likely outweighing negative effects from turmoil in Europe, the software giant’s chief financial officer told Reuters last Friday. The broad recovery in the
      Reuters  -  560 words
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      1204 30 BT ADVERTORIAL A vision for innovation AFTER nearly 18 months of economic gloom, most countries are now heading for sunnier skies. Governments around the world are also catalysing the recovery with the introduction of a raft of business-friendly fiscal policies. A key lesson learnt from the recent financial maelstrom is
      1,204 words
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      201 31 SEMICON* Singapore20l0 Show Opening in 2 Days! Register onsite to win an Apple iPad! 19-20 May 10am to 5pm 21 May 10am to 4pm Suntec Singapore International Convention and Exhibition Centre www.semiconsingapore.org y r S Explore what the future holds for the microelectronics and PV industries in Southeast Asia. From
      201 words
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