The Business Times, 12 July 2010

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Microfilm: NL30727
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg onlineathttp://www.businesstimes.com.sg onlineathttp://www.businesstimes.com.sg CO REGN NO *****2868E onlineathttp://www.businesstimes.com.sg MICA (P) 123/08/2009 onlineathttp://www.businesstimes.com.sg Monday, July 12, 2010
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  • Article, Illustration
    Lock icon DPJ poised to lose majority in Upper House
    734 1  -  Ruling party may have to seek fresh coalition partners By ANTHONY ROWLEY PRIME Minister Naoto Kan’s Democratic Party of Japan (DPJ) and its tiny partner, the People’s New Party (PNP), were set to lose their combined majority in parliament’s Upper House, exit
    REUTERS  -  734 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 2,917.17 +72.98 KL COMP 1,324.31 +16.87 NIKKEI 225 9,585.32 +381.61 HANG SENG 20,378.66 +473.34 SET INDEX 820.60 +18.03 JAKARTA COMP 2,943.90 +72.35
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  • Article
    Lock icon Big Four find magic bullet to trim costs
    841 1  -  Public accounting giants outsource some operations to low-cost centres By MICHELLE QUAH [SINGAPORE] An increasingly competitive marketplace and growing price pressures are pushing public accounting firms to get creative with how they manage their costs. An emerging trend with the Big Four
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      212 1 BizIT The tablet is poised to take over our lives MALAYSIA INSIGHT NEP restrictions boon or bane PAGE 13 PAGE 30 VIEWS FROM THE TOP Among the best places to live PAGES 10, 11 DINING OUT Gentleman chefs don’t disappoint PAGE FUTURECHINA FORUM In this four-page special feature, writers like
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      9 1 Financial crisis puts squeeze on audit fees, Page 3
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      665 2 Big Four find magic bullet to trim costs AN increasingly competitive marketplace and growing price pressures are pushing public accounting firms to get creative with how they manage their costs. An emerging trend with the Big Four firms here, given their global network, is to outsource some of
      665 words
    • Article, Illustration
      Lock icon Sales in transaction services growing fast
      866 2  -  More Asian MNCs setting up regional finance and treasury centres in Singapore By SIOW LI SEN [SINGAPORE] As more Asian MNCs set up finance and treasury centres in Singapore, banks here are also engaged in a fierce contest to manage their global payments and
      866 words
    • Article
      Lock icon Earnings reports hold key to sustainability
      721 2  -  Short-term outlook is far from certain: analysts WALL STREET INSIGHT B y ANDREW MARKS PROMPTED by rising expectations for the coming second-quarter earnings season, investors took a break last week from the stockmarket blues. Instead, bargain hunters went on a buying spree to reposition
      721 words
    • Article
      Lock icon US$10.7b error immaterial: BOA
      259 2 Bloomberg [SAN FRANCISCO] Bank of America Corp, the largest US bank by assets, said that it wrongly classified as much as US$10.7 billion of short-term repurchase and lending transactions as sales from 2007 to 2009 to reduce its end-of-quarter assets. The bank said that the inaccuracies
      Bloomberg  -  259 words
    • Article, Illustration
      Lock icon Financial crisis puts squeeze on audit fees
      763 3  -  But rising costs of providing an audit seen pushing fees upwards again soon By MICHELLE QUAH [SINGAPORE] While the global financial crisis has forced companies to cut costs, that increased thrift isn’t necessarily a good thing. Among the expenses that companies have put
      763 words
    • Article, Illustration
      Lock icon Demand for new CityDev, UOL condos
      466 3  -  By KALPANA RASHIWALA [SINGAPORE] UOL Group and City Developments Ltd (CDL) continued to sell units over the weekend at their new condos released last week. UOL and LaSalle Investment Management sold a further 46 units over the weekend (as of 7 pm yesterday) at
      466 words
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      817 2 SWISSCO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No *****1051D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Swissco International Limited (the “Company”) will be held on 6 August 2010 at Republic of Singapore Yacht Club, 52 West Coast Ferry
      817 words
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      268 2 EXCITING BUSINESS OPPORTUNITY for aspiring entrepreneurs business owners THE BUSINESS [OK THE 21" CENTURY! ot* 0 AN INTERNATIONAL ACCLAIMED PROGRAM DEVELOPED AT CALIFORNIA STATE UNIVERSITY, FRESNO "Everyone can join! No prior experience required. If you desire to start a most profitable education business with a WORLD CLASS brand name proven
      268 words
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      27 3 Three exceptional journeys. One historic game. Cafe Maravillas, Madrid. Follow Pele, Zidane and Maradona on louisvuittonjourneys.com Louis Vuitton is proud to support The Climate Project. LOUIS VUITTON
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon A mild dose of hope for global economy
      652 4  -  STOCKS VEN SREENIVASAN Senior Correspondent RECEDINGconcernsabout a faltering global economic recovery and increasing optimismabout the upcoming earnings season have injected enough confidence to enable the market to chalk up its strongest rally this year. Asian markets were cheered as Wall Street’s three
      652 words
    • Article
      Lock icon Positive fundamentals and outlook for natural rubber
      511 4  -  COMMODITY WATCH By AVTAR SANDU The writer is asian commodities manager NATURAL rubber can truly be said to be an Asian commodity as the largest producers and consumers are Asian countries. Trade in natural rubber has been robust with increasing demand and lagging
      511 words
    • Article
      Lock icon Asian units gain on rate rises
      448 4 CURRENCIES Bloomberg [SINGAPORE] Asian currencies gained last week as signs that economic expansion is gathering momentum prompted central bankers in South Korea and Malaysia to increase borrowing costs, underpinning fund inflows into the region. The won climbed to a two-week high after the Bank
      Bloomberg  -  448 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1506 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.55 2.36 11 11.24 9.44 1.33 1.08 ARA Asset Mgt Ltd 1.75 1.75 4 7.30 15.34 1.23 1.12 Armstrong Ind Corp Ltd 1.00 1.00
      1,506 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 4 Jul 9 VALUE CLOSE BT OB/OS 21.00 +116.0 BT CADI -*****.00 +119.0 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 705.72 +7.55 FTSE ST Small Cap 530.11 +3.58 FTSE ST All Share 718.26 +5.36 FTSE ST China Top 264.76 +4.50 FTSE ST China 289.75 +4.10 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 4 VOLUME Genting SP 539,773,000 Thakral 442,045,000 Golden Agri 238,661,000 Eastgate Tech 201,800,000 Yangzijiang 143,942,000 Noble Grp 134,302,000 Healthway 130,232,000 ChinaAniH 129,086,000 Bund Center Inv 122,409,000 UniFiber 110,935,000 VALUE($) Genting SP 629,749,800 DBS Grp 331,923,364 UOB 275,298,700 SingTel 230,741,463 Noble Grp 229,555,002 OCBC Bk 215,402,701 NOL 213,183,814 CapitaLand
      56 words
    • Article
      Lock icon RISES
      117 4 BY CENTS CLOSE UP DBXT DBLCI-OY 5US$ 3487 475.6 11.0 JMH 3970 452.1 9.0 JSH 2324 281.2 9.6 Jardine C&C 3296 210.0 6.8 DBXT STGLDv100 10US$ 2628 150.3 4.3 DBXT MSTaiwan 10US$ 1527 113.0 5.7 DBXT Nifty 10US$ ***** 110.3 0.7 Lyxor China H 10US$ 1500 88.2 4.5 DBXT
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    • Article
      Lock icon FALLS
      123 4 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5446-330.8 -4.2 GLD 10US$ *****-165.4 -1.0 DBXT MSBrazil 10US$ 600 -67.5 -7.6 Lyxor MS India 10US$ 1514 -53.8 -2.5 BMT 750 -50.0 -6.3 DBXT FTChina25 10US$ 2843 -44.1 -1.1 WesTech 210 -40.0 -16.0 DBXT E50 10US$ 3477 -40.0 -0.8 DBXT FTVietnam
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    • Article
      Lock icon CURRENCIES
      87 4 Where S$ stands Jul 9 CHNG YR 2010 CLOSE FR Jul 8 S$ LOW S$ HIGH US$ 1.3831 0.04 1.4219 1.3680 Euro 1.7446 0.42 2.0153 1.6886 Pounds 2.0864 0.49 2.2831 2.0003 A$ 1.2081 0.00 1.2960 1.1515 Yen* 1.5625 0.45 1.5951 1.4467 Rupiah* 0.***** -0.07 0.***** 0.***** Baht* 4.2741 -0.14
      87 words
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      94 4 Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 Brought to you by PhiISp Futures Pte Ltd (A member of PhillipCapital) Bringing p Futures Global Markets closerjo yoi <' Si &A CO, Reg. No: *****5695G The above information does riot constitute an investment advice, an offer/solicitation to buy/sell
      94 words
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  • Article
    Lock icon TMC aims to expand locally, in China and Vietnam
    422 5  -  Group also looking at possibility of merger with other firms in S’pore By TEH SHI NING CATALIST-LISTED TMC Education Corporation is looking to expand both locally and in markets such as China and Vietnam, chairman and CEO Chin Kon Yuen said.
    422 words
  • Article
    Lock icon Jasper reclassifies US$11.16m to current liabilities
    297 5 OFFSHORE drilling group Jasper Investments said over the weekend that borrowings totalling US$11.16 million in its balance sheet for the financial year ended March 31, 2010, has been reclassified from “non-current liabilities” to “current liabilities” in the audited financial statements. The company released its
    297 words
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      278 5 S$800 Epicentre vouchers Yours* when you join HSBC Premier. In a world without boundaries, possibilities abound. And no matter where an opportunity presents itself, we'll never be far away, because we're on the ground in more than 80 countries worldwide. Discover a seamless cross-border priority banking service that's in step
      278 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Portfolios slide 0.7% despite market lifting
      1483 6  -  TEH HOOI LING Senior Correspondent WITH the World Cup coming to an end, market players are perhaps slowly diverting their attention back to the stock market. Some of last week’s moves in blue chips may be in anticipation of the returning interest. But it
      1,483 words
    • Article, Illustration
      Lock icon Director purchases stay strong, sales hit zero
      1118 6  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying rose for the second straight week with 19 companies that recorded 31 purchases worth $17.8 million based on filings on the exchange from July 5 to 9. The
      1,118 words
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  • COMPANY NEWS
    • Article
      Lock icon ES Group committed to expansion plans in Thailand
      753 7  -  Catalist-listed marine and offshore firm ventured into country 4 years ago By RACHEL SIM DESPITE the recent political unrest in Thailand, marine and offshore company ES Group is confidently committed to its operational plans in Thailand. The company which listed on Catalist
      753 words
    • Article
      Lock icon PRIME LENDING RATES
      403 7 Jul 9 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
    • Article
      Lock icon COMPANY MEETINGS
      237 7 COMPANY MEETING PLACE DATE TIME Berger Intl A 22 Benoi Sector Singapore *****4 14-Jul 10.30am Creative Master S The Boardroom Goodrich Global Pte Ltd Goodrich Building 8 Changi South Lane #05-01 Singapore *****3 15-Jul 10.00am Friven Co. E 56 Tanglin Rd, #02-01 Singapore *****4 15-Jul 10.00am Mann Seng
      237 words
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      116 7 inning late in filing w i *W accounts? in is (in FX/CFD trading If you're thinking... 'an increase in US dollar supply could affect the EUR/USD/ contact us. S o m e>\ O «a 3® 0 0 0 K If <3 Global events affect the financial markets. Trade EUR/USD from
      116 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Asia-Pacific credit insurance sales seen doubling
      424 8  -  Euler Hermes: rising Asian trade, open account trading will raise demand By TEH SHI NING TRADE credit insurer Euler Hermes expects revenues from the Asia-Pacific region to double within the next five years. Such growth will be driven by increased trade within Asia and
      424 words
    • Article, Illustration
      Lock icon Sistic licenses ticketing system to players overseas
      808 8  -  It has contracts with big names in Macau, HK and Australia By CHAN YUPING WITH an innovative ticketing system and a custo-mer-oriented business model, Singapore’s Sistic.com Pte Ltd is aggressively taking its show overseas so far winning contracts with big names in Macau,
      808 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      504 8 Payment Ex Books Pay (cts) date close date Aspial Corp ak 0.500 28-Jul 30-Jul 16-Aug Australand Prop ag 10.000 28-Jun 30-Jun 05-Aug Azeus Sys bo 3.470 05-Aug 10-Aug 23-Aug B Sembawang ak 4.000 29-Jul 02-Aug 12-Aug Ban Leong Tech ak 1.000 10-Aug 12-Aug 23-Aug Boustead Spore ak 2.500
      504 words
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      2635 8 "I Gl@bal y Yellow Pages Limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Company Registation No. *****4719G NOTICE IS HEREBY GIVEN THAT THE 7™ ANNUAL GENERAL MEETING of Global Yellow Pages Limited (the "Company") will be held at STI Auditorium, Capital Tower, 9th floor, 168 Robinson
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      8 8 Winners Revealed! See event photos videos VODCAST GALLERY
      8 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Crux of talent management
      1124 9  -  While employers should aim to formalise their approach, staff should also manage their career development. DARRYL WEE reports DARRYL WEE The writer is the Singapore country head of ACCA (the Association of Chartered Certified Accountants) A REPORT about to be published from ACCA (the Association of
      1,124 words
    • Article, Illustration
      Lock icon Creating a team Formula
      838 9  -  CAMPUS LIFE By GLENN CHEE WHILE many an F1 fan may dream of being a world champion driver like Michael Schumacher or Lewis Hamilton, a team of students from the National University of Singapore (NUS) found themselves playing the role of not only driver but also
      ARTHUR LEE  -  838 words
  • Page 9 Advertisements
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      271 9 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      271 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Among the best places to live
      4016 10 THIS WEEK’S TOPIC Other than Singapore, what cities would you consider most liveable? What features of these cities could Singapore adopt to make it even better? David Ang Executive Director SHRI WHAT truly makes a city “great”, or even “liveable”? The answers, and how
      AFP  -  4,016 words
    • Article, Illustration
      Lock icon New experiences, new insights
      469 11 UB’s program is the longest running American EMBA here and is now recruiting for its 16th intake HANGING out at McDonald’s till the wee hours of the morning was one situation Dr Ling Moi Lin had never imagined herself to be in. But she found herself
      469 words
    • Article, Illustration
      Lock icon Quick returns on EMBA investment
      304 11 ENROLLING in UB’s Executive MBA program at SIM was an excellent investment decision, says Saurabh Mani, assistant vice-pres-ident, business management, IES COO APAC, Deutsche Bank. “Whatever I invested into this program in terms of expense and time, I saw quick returns,” he says. For Mr
      304 words
    • Article
      Lock icon Congratulations to the Class of 2010
      291 11 Chee, Thong Gan Director, Allied Health Clinical Operations Jurong Health Services Chia Shyh Yueh Regional Business Engagement Manager Group Sourcing Vendor Management The Royal Bank of Scotland N.V. Daniel Choo Soo Huat Account Manager Cabot Microelectronics Corporation Carol Chua Ann Leng Academic Staff Republic
      291 words
    • Article, Illustration
      Lock icon Alastair Hughes
      257 10 low crime rate, efficient transportation networks and good public governance are plus points that put this city on the world map. In most studies of the best places to live in, Copenhagen and Vancouver rank very highly. This is due to their excellence in areas like transportation, security,
      257 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Hiring picks up at top US financial firms
      720 12 Trend plays out as biggest banks, brokerages show remarkable recovery NYT [NEW YORK] While much of the United States remains fixated on the bleak employment picture, hiring is beginning to pick up in the place that led the economy into recession Wall
      NYT; AFP  -  720 words
    • Article
      Lock icon Rate hikes show confidence in Asian growth
      654 12 Taiwan, S Korea, India and Malaysia have lifted rates AFP [SINGAPORE] Recent moves by Asian central banks to raise interest rates are a strong vote of confidence that the region will weather risks stemming from the European debt crisis, analysts say. Since June
      AFP  -  654 words
  • Page 12 Advertisements
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      140 12 50,000Over systems installed worldwide. EMC is the highest in-use and in-plan data reduction/ deduplication vendor in Fortune 1000 companies. 40,000Over customers worldwide. TheInfoPro, Storage Study Wave, 13 December 2009 13,000 Over petabytes protected worldwide. Now Backup headaches and challenges. Next Redesign backup with the leader in disk-based backup and recovery.
      140 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon NEP restrictions – boon or bane
      679 13  - NEP restrictions boon or bane Country’s growth in 1990s could be in spite of New Economic Policy MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent A SENIOR Malaysian economist has questioned former prime minister Mahathir Mohamad’s recent insistence that the country grew rapidly because of the New Economic Policy (NEP). And so
      679 words
    • Article
      Lock icon BURSA MALAYSIA
      2025 13 VOL Jul 9 RM +/-(‘000) A M Realty 0.54 unch 0 Abric Bhd 0.18 unch 2 Advance Synerg 0.15 0.01 152 Adventa Bhd 3.01 -0.01 812 Ae Multi Hldgs 0.53 0.01 1863 Affin Holdings 2.99 unch 488 Ahmad Zaki Res 0.78 unch 55 Aic Corp 0.61 -0.03 488
      2,025 words
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      283 13 Resorts World Sentosa, Singapore 29 30 September 2010 People Strategies for Asia Riding the Wave of Recovery Growth Join distinguished CEOs and thought leaders at Asia’s premier conference on human capital and leadership. As Asia stands on the cusp of recovery, how are we preparing to maximise the potential of
      283 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India telco mergers on the cards
      662 14 Price war taking heavy toll on players despite rapidly growing market AFP [NEW DELHI] Mergers are the only way forward in India’s crowded mobile phone market, where 14 operators are slugging it out for subscribers by offering the cheapest rates in the world, analysts
      AFP; AFP FILE PHOTO  -  662 words
    • Article
      Lock icon China's forex reserves hit US$2.454t
      330 14 APP [BEIJING] China’s foreign exchange reserves surged to a record US$2.454 trillion at the end of June, the central bank said yesterday. The reserves, already the world’s largest, grew 15.1 per cent from a year ago, the People’s Bank of China said on its website.
      APP  -  330 words
    • Article
      Lock icon Ma calls for closer ties with China
      301 14 This follows historic Taiwan-China trade pact signed recently AFP [TAIPEI] Taiwan’s President Ma Ying-jeou yesterday sent a message to China’s President Hu Jintao, calling for closer ties following the historic trade pact signed by the two sides last month. The appeal, condensed into
      AFP  -  301 words
    • Article
      Lock icon India’s bumper harvest may ease inflation
      186 14 AFP [NEW DELHI] India expects bumper foodgrain production this year that should help contain inflation after last year’s worst drought in decades drove up prices, Agriculture Minister Sharad Pawar said on Friday. Foodgrain production slid by 7 per cent in the crop year to
      AFP  -  186 words
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      1371 14 MAT3 "vr ircc Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES flscher-tech Fischer Tech Ltd Company Registration Number: *****4532R (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of the Fischer Tech Ltd (the "Company") will be held on Wednesday, 28
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      180 14 How to run a business without running out of ideas. THE WAuguaaao MAGAZINE INNOVATE TO BE THE BEST THAT WE CAN BE Ht*tc< (letong goei all out lo implore pioduclivity ICS it coming oat of the blue Getting the light commeicul vehicle July/August issue out now! When modifications in business
      180 words
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  • FUTURE CHINA FORUM
    • Article
      Lock icon Poised for far-reaching changes
      538 15  -  After three decades of headlong growth, China is facing new economic challenges and social developments, reports VIKRAM KHAN NA VIKRAM KHANNA ON any checklist of issues that would have a profound potential impact on the global economy, what changes happen in China over the next decade,
      538 words
    • Article, Illustration
      Lock icon Factories shift to lower-cost regions
      663 15  -  By CHARLES CHAW The writer is the group managing director of China Knowledge, which is in the business of consulting, market research, financial advisory and media THERE are two notions to the recent strikes and protests in Guangdong province: “Rising wages, but higher average Chinese
      Source: China Knowledge, Manufacturing, Outsourcing and R&D in China published May 2010  -  663 words
    • Article, Illustration
      Lock icon A slower-growing China? Not a bad idea
      764 16  -  However, there’ll be costs associated with slower growth which China will have to accept if it is to restructure its economy, says WU ZHIJIAN WU ZHIJIAN The writer is the managing editor of www.chinatells.com, a Web portal containing information on China’s economy. He
      FILE PHOTO  -  764 words
    • Article, Illustration
      Lock icon No stronger property market in the world than China
      1804 16  -  By LIEW MUN LEONG The writer is president CEO, CapitaLand Group AS soon as Jamie Dimon, CEO and chairman of JPMorgan Chase, sat next to me at Beijing’s Grand Hyatt Hotel after delivering his keynote address at an investment conference, he
      REUTERS  -  1,804 words
    • Article, Illustration
      Lock icon The housing bubble dilemma
      1085 17  -  It has produced a series of undesirable economic, social and even political consequences, writes LIU YUNHUA LIU YUNHUA The writer is Associate Professor at the Department of Economics, Nanyang Technological University DURING the last decade, China’s housing bubble has been a serious concern. The average house
      REUTERS  -  1,085 words
    • Article, Illustration
      Lock icon Cultural insights yield business edge
      1203 18  -  Knowing the Chinese culture and language will make it easier for you to do business in China, says JOSEPHINE TEO JOSEPHINE TEO The writer is chief executive officer of Business China THERE’S a joke about China you may have heard. A newly appointed governor asked
      FILE ILLUSTRATION  -  1,203 words
    • Article, Illustration
      Lock icon Providing solutions for an urbanising China
      1122 18 THE rise of China is the story of the century. Its economic boom over the past three decades has sparked off rapid urbanisation across the country. About 600 million Chinese now live in cities, yet that represents only 45 per cent of the population,
      1,122 words
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      86 15 OCBC Business Banking Let's talk about lightening the load of your business banking needs. We have taken the complexities out of business banking, so you can focus on growing your business. With our extensive industry expertise, we have created the relevant financial tools and services needed to make banking simple.
      86 words
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  • Page 17 Advertisements
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      77 17 FUTlRECHinA SINGAPORE The Organiser of FutureChina Global Forum warmly welcomes all delegates and thanks all sponsors partners for their invaluable support. Wishing all a fruitful experience at FutureChina Global Forum 12 13 July 2010 Ritz-Carlton Hotel, Singapore Platinum Sponsors Silver Sponsors Official Media Official Airline Supporting Organisations Organiser BANK OF
      77 words
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  • FOCUS: PAUL VOLCKER
    • Article, Illustration
      Lock icon Volcker loud and clear on bill
      1582 19  -  He still feels the financial legislation does not go far enough in curbing potentially problematic bank activities By LOUIS UCHITELLE NYT [NEW YORK] JJulypacset to tfor UST before the Fourth of July weekend, Paul Volcker packed his fishing gear and set off for his
      NYT; AP  -  1,582 words
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      2089 19 ADDVALUE TECHNOLOGIES LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****3037H) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Fourteenth Annual General Meeting of the Company will be held at 28 Tai Seng Street #06-02, Singapore *****6, on Wednesday, 28 July 2010, at 10.00 a.m.,
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Big changes coming for financial world
      546 20 US Senate is rounding up final votes to pass bill on financial reform AP [WASHINGTON] Democratic leaders in the Senate are trying to secure the final votes needed to pass legislation this coming week that would impose the most sweeping rules on banks and
      AP  -  546 words
    • Article
      Lock icon Dubai World property arm sells off Malaysia stake
      124 20 AP [DUBAI, United Arab Emirates] A property arm of struggling state conglomerate Dubai World is backing out of a plan to build luxury homes in Malaysia as it looks to shore up its finances. The cash-strapped company’s Limitless division is selling off
      AP  -  124 words
    • Article, Illustration
      Lock icon Webber bags third win this season
      471 20 Hamilton finishes second while Rosberg is third BRITISH GRAND PRIX [SILVERSTONE, England] Mark Webber of Red Bull won yesterday’s British Grand Prix at Silverstone to overtake his team-mate Sebastian Vettel and go third in the Formula One drivers’ standings. Lewis Hamilton of McLaren finished
      AFP; Source: F1  -  471 words
    • Article
      Lock icon HSBC in US tax evasion probe: report
      271 20 NYT [NEW YORK] Federal prosecutors are ramping up their criminal investigation into HSBC concerning its sale of offshore tax services to wealthy Americans suspected of evading taxes, according to two people briefed on the matter and to court papers. At least two American
      NYT  -  271 words
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      2678 20 LOTTVISION LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting (the “2010 AGM”) of LottVision Limited (the “Company”) will be held at Mandarin Orchard Singapore, Room 831, Level 8, Main Tower, 333 Orchard Road, Singapore *****7 on 28 July 2010
      2,678 words
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  • WORLD CUP
    • Article, Illustration
      Lock icon 5-goal feast a nice curtain-raiser
      727 21  -  Germany and Uruguay serve up a captivating third-place play-off match worthy of the final itself COMMENTARY LEE U-WEN Acting Deputy Foreign Editor IF FOOTBALL were likened to fine dining, then the sumptuous fare that Germany and Uruguay served up on Saturday night would be akin
      AP  -  727 words
    • Article
      Lock icon S Africa names threatened flower after vuvuzela
      242 21 Bloomberg [JOHANNESBURG] South Africa named a newly discovered Iris plant after the vuvuzela, the plastic trumpet that became internationally recognised after both delighting and annoying millions of sports fans watching the World Cup. The plant has fun-nel-shaped, pale yellow flowers and was discovered
      Bloomberg  -  242 words
  • Page 21 Advertisements
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      660 21 MAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCCRAIC HOLDINGS PTE LTD (In Members' Voluntary Liquidation) Reg No. *****0633N ("the Company") NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 2 July 2010, the Resolutions
      660 words
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      676 21 SWISSCO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No *****1051D) NOTICE OF SHARE SCHEME MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons Number 616 of 2010/T In the Matter of Swissco International Limited (Registration No. *****1051D) And In the Matter of Section 210
      676 words
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      2771 21 Jasper Investments Limited (Incorporated in the Republic of Singapore] (Co. Reg. No. *****0983H] NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 23rd Annual General Meeting of the Company will be held at GVVivocity 1 HarbourFront Walk #02-30 Vivocity Singapore *****5 on Wednesday, 28 July 2010 at 9.30
      2,771 words
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  • WORLD
    • Article, Illustration
      Lock icon ECB economist optimistic on sovereign debt
      552 22 Economic forecast issued by IMF was too pessimistic, says Juergen Stark NYT [FRANKFURT] The European Central Bank’s de facto chief economist said on Friday that “the worst is over” for Europe’s sovereign debt crisis and expressed optimism about the continent’s growth, underscoring similar comments
      NYT; BLOOMBERG  -  552 words
  • Page 22 Advertisements
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      2808 22 TAT HONG TAT HONG HOLDINGS LTD (Company Registration No. *****5392H) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tat Hong Holdings Ltd ("the Company") will be held at 18 Sungei Kadut Avenue Singapore *****9 on Tuesday, 27
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      743 22 ARTIVISIONTECHNOLOGIES (Compan RegistrationNo *****7031R) (Incorporated Singapore) NOTICEOFANNUALGENERALMEETING NOTICEISHEREBYGIVENthattheAnnualGener Meeting ARTIVISIONTECHNOLOGIES TD(“theCompany”) will beheld 31InternationalBusiness Creativ Resource Singapore*****1(Le SeminarRoom)onWednesda 28 uly2010 10.00a.m. the ollowingpurposes: ASORDINAR USINESS .1 1. TToo receiv andadopttheDirectors’Repor andthe uditedAccounts theCompan andtheGroup the earended31March2010 togetherwiththe uditors’Repor thereon. (Resolution .2 2. TToo re-electthe ollowingDirectors theCompan retiringpursuant Articles91and97 theArticles Association
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  • AVIATION/SHIPPING
    • Article
      Lock icon Boeing cockpit windows unsafe?
      457 23 FAA to order regular inspections with replacement option following mishaps AP [WASHINGTON] Airlines will have to inspect the cockpit window heaters on 1,212 Boeing airliners and perhaps replace the windows under a safety order that the Federal Aviation Administration said on Friday that it would issue
      AP  -  457 words
    • Article
      Lock icon Emirates, Etihad to create 60,000 new jobs: report
      243 23 AFP [DUBAI] Emirates and Etihad, the two major carriers of the United Arab Emirates, plan to create almost 60,000 new jobs over the next decade to meet their rapid growth, a newspaper reported yesterday. “It took us 25 years to get to
      AFP  -  243 words
    • Article, Illustration
      Lock icon 100m Swiss franc solar plane project a success
      468 23 Bloomberg [ZURICH] When an experimental airplane landed safely on Thursday morning after flying through the night propelled entirely by 12,000 solar cells and sun-light-powered lithium batteries, it was the first success of a project costing 100 million Swiss franc (S$130.6 million) sponsored
      Bloomberg; AP  -  468 words
    • Article
      Lock icon Aeroflot plan ‘inadequate’: Putin
      263 23 Bloomberg [MOSCOW] Prime Minister Vladimir Putin criticised OAO Aeroflot, Russia’s largest airline, for seeking to expand domestic market share by buying more planes from Boeing Co and Airbus SAS. “I want to understand how much domestic technology Aeroflot will buy,” Mr Putin said in a meeting
      Bloomberg  -  263 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 23 SGX '000 Jul 9 S$ +/-Vol CH Offshore 0.55 0.01 62 Chuan Hup Hldg 0.26 unch 53 Cosco Corp 1.51 0.02 ***** CWT Ltd 0.93 0.03 1573 Ezra Hldgs 1.81 0.05 ***** First Ship Lea 0.40 unch 302 Freight Links 0.06 0.01 454 Grand Banks unch unch 0
      278 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3002 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 Amsterdam SQ323 0605 LO4032 2345 US5410 0605 SQ324 2345 AZ3992 1525 US5411 2345 KL835 1525 Athens SQ348 0105 Atlanta DL281
      3,002 words
    • Article
      Lock icon Baltic Dry Index falls for longest in nine years
      406 23 Declining China steel prices are eroding demand for iron ore Bloomberg [LONDON] The Baltic Dry Index, a measure of commodity shipping costs, fell for the longest period in almost nine years as declining Chinese steel prices erode the nation’s iron ore
      Bloomberg  -  406 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      292 23 CRYPTIC CROSSWORD Across 1 New Labour with scanty reform for police (12) 9 Covetous party leader rose before a Conservative (9) 10 Rubbish government head consumed by bitterness (5) 11 Burdened Tory leader questioned (6) 12 Sailor say, losing heart, getting stand down (8) 13 Bowl I chiselled holding fruit
      292 words
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  • DINING OUT
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      Lock icon Gentleman chefs don’t disappoint
      1061 24  -  But the 3 bright sparks of international cuisine make little impact with safe, albeit not simplistic, courses, says JAIME EE By Jaime Ee IT SOUNDS great on paper a week of Epicurean magic starring three bright sparks on the international food scene. First, you have Singapore’s
      1,061 words
    • Article, Illustration
      Lock icon Smiles all the way to a so-so dining experience
      797 24  -  By Jaime Ee HAVE you ever had one of those dreams where, like the fictionalised world of movies and bank commercials, you’re walking down the street or into a bank, and everybody stops what they’re doing to smile at you, complete
      PHOTO: ARTHUR LEE  -  797 words
  • Page 24 Advertisements
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      67 24 WINE DINE AND HOSPITALITY OASTED TO PERFECTION Dine at Hua Ting and enjoy perfectly roasted suckling pig at $99 per order. For reservations information, please call 6739 6666 or email f&breservation@orchardhotel.com.sg 442 Orchard Road Singapore *****9 Tel (65) 6734 7766 Fax (65) 6733 5482 enouiiy@orchardhotel.com.sg www.orchardhotel.com.sg HUA TING ISSI Restaurant
      67 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9325 25 Week ended: Jul 9 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 7.5 3148 8Telecom 16.5 +1 768 16.5 16 16 16.5 1.7 11 5.3 79 10 5.5 5834 A-Sonic
      9,325 words
    • Article
      Lock icon SGX CATALIST
      1986 26 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 $mil 10 5 1181 t AA Grp 5 4.5 5.5 27.8 4.8 22.5 13 8538 t APStrategic 18 -2 250 20 17 18
      1,986 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 26 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 2.100 +0.030 CapitaLand 3.680 +0.050 CapitaMall 1.950 +0.020 CityDev 11.000 ComfortDelGro 1.520 +0.030 DBS Grp 14.240 +0.260 F&N 5.440 +0.090 Genting SP 1.180 -0.010 Golden Agri 0.535 -0.005 HK Land 5.050 +0.080 JMH
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    • Article
      Lock icon STOCKS ASIA
      2694 26 Transaction date: Jul 9 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.39 0.04 0 Aeon Stores 11.04 -0.16 74 Angang Steel 10.20 0.36 ***** Anhui Conch 23.95 0.90
      2,694 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 5 0 0 0 11 2 5 Manufacturing 106 55 66 11 10 13 117 65 79 Commerce 34 21 19 4 6 7 38 27 26 Tpt/Stor/Comms 33 6 6
      186 words
    • Article
      Lock icon SGX ETF
      837 26 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 $mil 124 107 6389 ABF SG Bond ETF 115 -1 58 124 115 112.6 120 525 883 632 CIMBAsean40 100US$ US864 +19 156 864 846
      837 words
    • Article
      Lock icon CLOB INTERNATIONAL
      73 26 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 $mil 56 28 6000 AVJennings A42 39 47 3.6 8.3 3.4 109.4 31 13.5 6017 Genting HK US$ US18.5 unch 9806 19 18 18.5 19
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 138,459 138,459 333,472 333,472 Manufacturing 1,566,254 48,279 1,614,533 1,111,301 7,589 1,118,890 Commerce 869,201 30,117 899,318 623,568 9,411 632,979 Tpt/Stor/Comms 463,676 1,408 465,084 889,070 161 889,231 Finance 94,112 30 94,142 921,198 3 921,201 Construction 185,447 177,020
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      26 26 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
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 9 Index Change Change Change Change Change Change World Index Preliminary 791.7 0.4 -4.9 0.3 -8.3 0.3 -6.9 EAFE Preliminary 737.2 0.5 -6.1 0.3 -11.9 0.3 -10.5 Europe Preliminary 1064.9 0.6
      374 words
    • Article
      Lock icon INTERBANK RATES
      180 27 Jul 9 $S Offer Bid Overnight 0.05 0.02 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/4 US$ Offer Bid 7 days 0.55 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jul 9 S$ Bid Offer 1-month 1.3782 1.3795 2-months 1.3780 1.3792 3-months 1.3778 1.3791 6-months 1.3771 1.3784 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Jul 9 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1990 1.2340 Can dollar 1.3150 1.3300 Euro 1.7410 1.7610 NZ dollar 0.9690 0.9900 Sterling pound 2.0780 2.1010 US dollar 1.3730 1.3890 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 27 Jul 9 Open High Sett STI Jul 2916 2916 2917 SIMSCI Jul 341.9 345.7 345.6 Taiwan Jul 265.8 267.5 267.1 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 27 Jul 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2425 2430 2440 2425 452 2842 Aug 10 2338 2344 2366 2338 1734 ***** Sep 10 2295 2300 2320 2293 ***** ***** Oct 10 2289 2287
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      433 27 Jul 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.4500 0 2720 Dec10 99.3650 0 1660 Mar11 99.2600 0 1226 Jun11 99.1250 0 1745 EUROYEN TIBOR FUTURES Sep10 99.6525 99.6575 99.6525 99.6550 603 3709 Dec10 99.6700 99.6700 99.6700 99.6625 50 1372 Mar11 99.6850 99.6850 99.6850
      433 words
    • Article
      Lock icon SICOM FUTURES
      156 27 Jul 9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 340.0 339.0 338.5 33 758 Sep 10 318.0 12 433 Oct 10 312.5 312.5 312.5 12 307 Nov 10 310.0 310.0 310.0 12 332 Dec 10 305.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      89 27 Jul 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 07.10.2010 0.31 1-Year BY*****W 03.05.2011 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.63 5-Year N*****0N 1.375 01.10.2014 102.44 7-Year N*****0Z 2.375 01.04.2017
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    • Article
      Lock icon CHICAGO BOT
      105 27 Jul 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 1025.50 1012.50 1030.00 1010.75 Aug 10 993.25 983.00 997.75 978.25 Sep 10 966.50 957.50 971.25 951.50 Nov 10 953.25 946.00 958.75 939.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.38 36.86 37.40
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Jul 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 74.93 2.03 WTI (Near Mth) 75.67 1.34 Dubai (1-Mth F) 72.69 2.44 Tapis blend 78.35 2.60 Minas 75.15 2.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 67.50 2.00 Jet Kerosene 84.35 2.80 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2418 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 -0.5 305 1 15 6.00 46 6227 ASJ Hldgs W*****1 3.5 unch 403 1 4 7 2.00 19 2036 Advance SCT Ltd W*****9 0.5 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 27 Jul 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.913 5.928 0.689 6.812 40.918 79.232 0.774 10.464 2.796 1.237 74.978 40.414 1.207 6.623 0.921 28.106 28.315 0.577 0.875 Canada 1.095 6.492
      465 words
    • Article
      Lock icon SIBOR
      85 27 Jul 9 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jul 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2060 1.2077 0.8749 0.8754 Canadian dollar 1.3208 1.3225 0.9582 0.9586 Euro 1.7495 1.7514 1.2692 1.2695 NZ dollar 0.9751 0.9765 0.7074 0.7078 Sterling pound 2.0919 2.0941 1.5176 1.5179
      154 words
    • Article
      Lock icon PRECIOUS METALS
      143 27 Jul 9 GOLD BULLION COINS (S$) Selling Buying 1 oz 1851.1 1682 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $649.49 532 SILVER Selling Buying Passbook Acct 1 oz 24.91 24.69 Source: UOB GOLD (US$/oz) Jul 08 Jul 09 Hong Kong 1204.80 1197.80 Jul 09 Jul 08 London
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    • Article
      Lock icon LONDON METALS
      71 27 Jul 9 Jul 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1983.50 1969.00 3 months 2004.00 1989.00 Copper, Grade A (US$/tonne) Cash 6741.25 6592.75 3 months 6760.00 6615.00 Lead (US$/tonne) Cash 1824.50 1807.50 3 months 1845.00 1828.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 27 Jul 9 COCOA (£/tonne) Close Prev High/Low Jul 10 2613 2601 2618/2568 Sep 10 2385 2380 2392/2338 Dec 10 2212 2199 2221/2174 Mar 11 2182 2173 2190/2152 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1682 1671 1698/1678 Sep 10 1709 1696 1739/1694 Nov 10 1702 1694 1735/1694 Jan 11
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5342 28 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.
    5,342 words
  • Page 28 Advertisements
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  • BizIT
    • Article, Illustration
      Lock icon Cloud uptick to give Citrix more juice in Singapore
      696 30  -  IDC says cloud computing is growing 5x faster than traditional IT products, reports RAJU CHELLAM RAJU CHELLAM A PICK-UP in the adoption of cloud computing technologies in Singapore and Asia-Pa-cific will help boost the fortunes of companies such as Citrix Systems,
      Source: Gartner, IDC and Citrix  -  696 words
    • Article
      Lock icon Microsoft, Fujitsu to team on cloud computing
      165 30 Reuters [BANGALORE] Fujitsu Ltd and Microsoft Corp will share data centres worldwide to catch up with Google Inc and other pioneers in providing software and computing services online, the Nikkei business daily said. Microsoft, stretched thin in customer support, will combine its software
      Reuters  -  165 words
    • Article
      Lock icon Does recession spark virtualisation?
      430 30  -  By RAJU CHELLAM DOES a recession prod companies to virtualise their servers, storage and desktops faster? Yes, according to research house IDC Corp. Up to 18.2 per cent of all new servers shipped in Q4 2009 were virtualised, up from 15.2 per cent in Q4 2008.
      430 words
    • Article
      Lock icon Rivals catching up to Apple: Ovum
      322 30  -  By CHAN YUPING APPLE will no longer be able to sustain its dominance in the mobile application download market as its rivals up the ante in the coming years, according to a report by independent telecoms analyst firm, Ovum. Last year, Apple generated 67
      322 words
    • Article, Illustration
      Lock icon Seagate unveils world’s first 3TB external desktop drive
      259 30  -  By CHAN YUPING CONSUMERS can now store up to 120 high-definition (HD) movies, 1,500 video games, or countless hours of digital music in the world’s first three terabyte (TB) external desktop drive, launched by Seagate. The 3.5-inch FreeAgent GoFlex Desk external hard
      259 words
    • Article, Illustration
      Lock icon The tablet is poised to take over our lives
      964 30  -  By AMIT ROY CHOUDHURY IF you haven’t chalked out yet how you are going to beg, borrow, steal or just plain buy your tablet, better get cracking. Everyone’s planning to get one. So much so, that from practically zero this time
      964 words
    • Article, Illustration
      Lock icon How Visa keeps an eye on its 1.8b cards
      872 31  -  Online payment facilitator feels technology key in preventing fraud By AMIT ROY CHOUDHURY WITH more people making purchases via the Internet, the risk of online fraud has risen with the emergence of a new generation of criminals who are adept at
      872 words
    • Article
      Lock icon Gaming industry here set to take off
      526 31  -  By TIMOTHY SEOW HAVING the World Cyber Games (WCG) Asian Championships in town does not mean only gamers get to strut their stuff game developers and publishers are being allowed to do just the same as part of The Games XPO (TGX) 2010.
      526 words
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      Lock icon Biz continuity to get leg-up with new certification
      458 31  -  By JASLENE PANG IT business continuity managers can now study business continuity management, data centre management and IT disaster recovery thoroughly and holistically through a new homegrown certification programme that combines all three areas. The certification dubbed Certification in IT Business Continuity
      458 words
    • <what’s up>
      • Article
        Lock icon Conference on cyber security
        73 31 THE National University of Singapore’s Institute of Systems Science (ISS) will be co-hosting its first major international Cyber-security Conference with the National Defense University’s Information Resources Management College (NDU iCollege) from July 13-14 at the Shangri-La Hotel. The conference will cover a range of topics including
        73 words
      • Article, Illustration
        Lock icon Stay connected with HTC’s Wildfire
        74 31 SMARTPHONE maker HTC has introduced the HTC Wildfire, a new HTC Sense-based Android phone that integrates the most popular social networks to help users stay connected to friends and families, last week. The new HTC Wildfire is available at all authorised resellers in three colours,
        74 words
      • Article
        Lock icon Motorola appoints distributor for Thailand
        68 31  -  Compiled by JASLENE PANG SINGAPORE-BASED IT distributor Transition Systems has been appointed as distributor of Motorola’s wireless network solutions (WNS) portfolio in Thailand. Transition will distribute Motorola’s wireless network solutions including indoor WLAN, outdoor wireless mesh, point-to-multipoint, point-to-point networks and voice over WLAN solutions. Transition
        68 words
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  • Page 31 Advertisements
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      12 31 -fr- tt. Lianhe Zaobao To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      12 words
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      Lock icon Page 31 Advertisements Column 2
      159 31 MAT3 NOTICES BUY IT• SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg nI n In tthematter TheCompaniesAct, Cap. 50 And nI n In ttheMatter FINALMENTE OMIA PTE. TD. (Compan *****971N) (Incorporated he epublic Singapor NNOOTICE CREDITORSOF MEETIN Notice hereb given, pursuant Section 296 he Companies Act, Cap.50,hatmeeting he editor ttheaboe-namedcompan
      159 words
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      Lock icon Page 31 Advertisements Column 3
      139 31 GRANDCONTINENTALHOLDINGPTE. TD. (Reg No: *****2177G) I (In Members’ oluntar WindingUp) Liquidator’ Office: 152 Beach Road #21-07/08 GatewayEast owerSingapore*****1 NOTICE OF FINAL MEETING NOTICE HEREBYGIVENthatpursuant Section308 the CompaniesAct,Cap50, the Final Meeting the Company will held 152BeachRoad#21-07/08Gateway East owerSingapore*****1 12thAugust 2010 11.00a.m. thefollowingpurposes: .1 1. TToo receive the Liquidator’ Statement Accounts showing
      139 words
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      Lock icon Page 31 Advertisements Column 4
      148 31 IN THE MATTER OF THE OMPANIES 50 AND IN THE MATTER OF HEAPMEN TRADIN COPTE (Member oluntar Liquidation) Co. egNo. *****N FINALMEETIN NNOOTICE hereb given pursuant Section308 heCompaniesAct,Cap. 50hatheFinalGener Meeting he member heabo -namedcompan willbeheldon Augus20 0.30 a.m. 49 hor ad#05-0 Shou Comple Singapor *****425 for hepurposes having anaccount laid
      148 words
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      Lock icon Page 31 Advertisements Column 5
      344 31 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. SOON LIAN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6295G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of
      344 words
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  • BizIT FOCUS: CLOUD COMPUTING
    • Article, Illustration
      Lock icon Are you heading for the cloud?
      2021 32  -  Cloud computing heralds new wave of IT transformation, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY GUESS what’s common among a random sampling of diverse ICT (infocomm technologies) companies such as Amazon Web Services (AWS), Microsoft, Verizon, IBM and EMC? It’s two words: cloud computing.
      AFP  -  2,021 words
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