The Business Times, 13 June 2011

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Total Pages: 30
1 30 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 Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, June 13,2011
    23 words
  • Article
    Lock icon Biosensors buys rest of stake in stent maker
    738 1 $625.4m deal to see new key shareholder in Biosensors [SINGAPORE] Biosensors International Group is proposing to acquire the remaining 50 per cent stake in drug-eluting stent maker JW Medical Systems Ltd (JWMS) for S$625.4 million from Shandong Weigao Group Medical Polymer Co
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  • 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 3,078.35 -67.32 KL COMP 1,556.19 -3.66 NIKKEI 225 9,514.44 +22.23 HANG SENG 22,420.37 -529.19 SET INDEX 1,020.37 -37.49 JAKARTA COMP 3,787.65 -56.37
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  • Article
    Lock icon Asia’s private banks can’t bank on margins
    779 1  -  AUMs are still on the rise, but discounts, vanilla products’ popularity eat into profits By GENEVIEVE CUA [SINGAPORE] Private banking in Asia used to sit in a sweet spot rich margins coupled with rising assets under management. Now that may be just half-true.
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      623 2 Asia’s private banks can’t bank on margins PRIVATE banking in Asia used to sit in a sweet spot rich margins coupled with rising assets under management. Now that may be just half-true. While assets under management are still rising, profit margins are under pressure and stiff competition suggests
      623 words
    • Article, Illustration
      Lock icon Asia must stay connected to rest of world: PM, SBY
      619 2  -  Lee says US still powerful, Europe has much potential despite difficulties By CHUANG PECK MING [SINGAPORE] Asia may be the future, but both Singapore and Indonesia’s leaders said yesterday that the region still cannot decouple itself from the rest of
      AFP  -  619 words
    • Article
      Lock icon IMF computer system hit by hackers linked to a govt
      572 2 The expert didn’t say which govt is thought to be behind the intrusion which involved the removal of a large quantity of data. Bloomberg [WASHINGTON] The International Monetary Fund’s computer system was targeted by hackers, believed to be connected to
      Bloomberg  -  572 words
    • Article, Illustration
      Lock icon Man U owners plan listing on Hong Kong bourse: report
      296 2 Reuters Bloomberg [LONDON] The American owners of British soccer club Manchester United are planning to list the club on the Hong Kong stock exchange, according to a report in the UK’s Sunday Times newspaper yesterday. United’s owners, the Glazer family
      Reuters; Bloomberg; AFP  -  296 words
    • Article
      Lock icon No end in sight for stock-selling spree
      793 4  -  Investor sentiment at its most bearish since speech by Bernanke last August WALL STREET INSIGHT By STEPHEN RAPHAEL in New York THE old saying, “sell in May and go away”, may be one of the most overused on Wall Street, but many investors
      793 words
    • Article
      Lock icon Japan events spook Asian US investors
      766 4  -  T-bondholders also getting more nervous about higher US debt By CHUANG PECK MING [SINGAPORE] The earthquake in Japan seems to have shaken Asian investors on Wall Street in the first three months of the year, while bondholders grew more wary of Uncle Sam’s mounting
      766 words
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      148 2 18th June 2011 8.00am 5.30pm DBS Auditorium, DBS Building Tower One, 6 Shenton Way, Singapore FREE REGISTRATION LUNCH WILL BE PROVIDED PRESENTING MALAYSIAN LISTED COMPANIES IN SINGAPORE EVENT HIGHLIGHTS: Welcome Address by Mr. Patrick Daniel, Editor-in-Chief, English Malay Newspapers Division of SPH and Dato’Tajuddin Atan CEO of Bursa Malaysia. Investment
      148 words
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      589 3 Future Leaders Program™ Uncompromisingly the Best If you suspect that The Learning Lab sets a high bar for its enrichment programs and high expectations for its students, you are right. Our programs demand a great deal from the curriculum research teams and the specialist coaches who create and deliver the
      589 words
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      105 4 asia.WSJ.com for flood of cash" focus shifts as central banks act" "Rising Asian wealth leads to a hedge-fund shuffle" "China to launch yuan forex options" Your Business is Our Business. From politics to management, banking to finance, you can count on The Wall Street Journal Asia to give you the
      105 words
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      627 5 p PRIVILEGE BANKING o ■sar "^ar C to THERE'S MORE TO WEALTH THAN MONEY ALONE When it comes to Privilege Banking, we understand that the measure of true wealth goes beyond mere numbers. It's a world where your dreams are celebrated, relationships treasured and legacies preserved. Whatever your privileges may
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon S-Chips feeling the heat of accounting woes
      518 6 FTSE ST China Index and China Top Index have lost 10.5% and 14.9% year to date S-CHIPS here are getting hammered, as accounting scandals surrounding Chinese companies continue to dominate headlines. The FTSE Straits Times China Index and FTSE ST China Top Index
      Source: Bloomberg  -  518 words
    • Article, Illustration
      Lock icon Keppel O&M appoints new managing director
      393 6 KEPPEL Offshore Marine (O&M) Limited last week announced the appointment of Chow Yew Yuen as managing director starting on June 1. Mr Chow will be based in Singapore and report to and assist CEO Tong Chong Heong in all aspects of the business such
      393 words
    • Article
      Lock icon PRIME LENDING RATES
      407 7 Jun 10 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
      407 words
    • Article
      Lock icon Lack of recourse ails S-chips sector
      692 7  -  HOCK LOCK SIEW By LYNETTE KHOO UNCOOPERATIVEbank officers,confusing testimonies from dodgy third-partysuppli-ers and numerous obstructions from management to obtaining information all this clearly make up an exciting read. This has been the common thread in special audit reports that have been released one after
      692 words
    • Article
      Lock icon COMPANY MEETINGS
      255 7 COMPANY MEETING PLACE DATE TIME Elec Eltek E Meeting Room 306, Level 3, Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3 14-Jun 2.00pm Hartwan Hldgs E Hotel Re! Pearl’s Hill, ReJoice 2, 175A Chin Swee Road Singapore *****9 15-Jun 9.00am Inno-Pac Hldgs E
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      782 7 Payment Ex Books Pay Ann (cts) date close date date Amara Hldgs an 0.500 13-Jun 15-Jun 27-Jun 14-Apr Asia Pac Brew aw 22.000 30-May 01-Jun 20-Jun 11-May B Sembawang ak 4.000 29-Jul 02-Aug 12-Aug 24-May B Sembawang bh 8.000 29-Jul 02-Aug 12-Aug 24-May Boustead ak 2.000 03-Aug 05-Aug
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      1222 6 All about financing and profit and everything in between May/June issue out now! Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838 :*ATci NOTICES DUTY FREE INTERNATIONAL
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      240 6 LUXURY TOURS TRAVEL PTE LTD The Leading Operator Established 1985 "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance Incentive Conference
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      230 6 TRANSPAC INDUSTRIAL HOLDINGS LIMITED (the “Company”) (Incorporated in the Republic of Singapore) Unique Entity Number: *****0941K ADJUSTMENT TO EXERCISE PRICE OF SERIES B WARRANTS AS A RESULT OF THE CAPITAL REDUCTION In accordance with the terms and conditions of the Warrants, the Board of Directors of the Company wishes to
      230 words
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      279 7 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices «AT-3 NOTICES V The new 1.5L B 160 with sports package Downpayment: $3,833 Monthly: $1,302 >>W; The ML 300 with interior/exterior sports package and AMG rims worth total $20,000 Downpayment: $7,221 Monthly: $2,453
      279 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Opportunities for the nimble amid uncertainty
      586 8  -  STOCKS VEN SREENIVASAN Senior Correspondent CONCERNS over the European sovereign debt crisis, the US economic strength and overheating in emerging markets have sent stockmarkets on a sixweek bearish streak. On Wall Street, the Dow Jones has chalked up its longest weekly loss in more
      586 words
    • Article
      Lock icon Asian units halt 3-week rally on slower economic growth
      557 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies halted a three-week rally as signs that the world’s biggest economy is slowing tempered demand for emerging-mar-ket assets and raised concern about the outlook for exports. Federal Reserve chairman Ben S Bernanke said last week the
      Bloomberg  -  557 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1706 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.36 2.73 11 15.36 10.42 1.43 1.6 Amtek Engg Ltd 2 1.75 4 11.82 8.12 1.45 0.96 ARA Asset Mgt Ltd 2 2 4
      1,706 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Jun 10 VALUE CLOSE BT OB/OS -442.00-211.00 BT CADI -*****.00-148.00 BT 10-day MA -*****.00 -44.00 FTSE ST Mid Cap 746.00 -4.27 FTSE ST Small Cap 519.30 -3.01 FTSE ST All Share 754.45 -4.63 FTSE ST China Top 252.73 -1.54 FTSE ST China 292.64 -1.53 FTSE ST Catalist
      64 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Artivision 515,050,000 Genting SP 347,037,000 Golden Agri 237,871,000 HPH Trust US$ 139,469,000 Gallant 121,007,000 PerennialCRT 116,375,000 SingTel 108,900,000 Yangzijiang 107,200,000 NexGenSCom 98,493,000 Samko 88,885,000 VALUE($) Genting SP 681,451,960 DBS Grp 356,872,962 SingTel 340,636,760 Keppel Corp 228,144,194 Olam 203,977,268 UOB 201,810,340 Yangzijiang 165,262,838 Golden Agri 162,978,280 Wilmar
      56 words
    • Article
      Lock icon Oil spikes on Opec impasse; corn hits record peak
      743 8 COMMODITIES AFP [LONDON] World oil prices surged last week after Saudi Arabia failed to clinch agreement over an Opec output boost, while corn hit a record peak as the US Department of Agriculture cut its inventories forecast. “The main story that
      AFP  -  743 words
    • Article
      Lock icon RISES
      124 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 125.4 0.6 GLD 10US$ ***** 118.3 0.6 DBXT DBCBLEB 10US$ 2314 103.5 3.8 DBXT S&P Short 10US$ 4344 97.3 1.9 Hyflux 6% CPS 10 ***** 72.0 0.7 Asia Pac Brew 2630 56.0 2.2 OCBC Bk 4.5%NCPS 100 ***** 36.0 0.4
      124 words
    • Article
      Lock icon FALLS
      124 8 BY CENTS CLOSE DOWN IS S&P500 *****-753.9 -4.5 IS DJ US Tech 6363-328.9 -4.0 DBXT MSAsExJp 10US$ 3322-129.3 -3.1 DBXT FTChina25 10US$ 3103-120.7 -3.1 DBXT S&P500 10US$ 2031-115.8 -4.4 DBXT MSKorea 10US$ 6222-104.7 -1.3 DBXT Nifty 10US$ *****-103.5 -0.7 Lyxor China H 10US$ 1612 -83.8 -4.0 Lyxor India Nifty
      124 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 WEEKLY
      5 words
    • Article
      Lock icon One-year top losers
      153 10 JUNE 10 ‘11 BID PRICE WEEK-ON-WEEK CHANGE VALUE Advance SCT 0.035 0.0 2,905 China Auto Electronics 0.110 0.0 11,000 China Oilfield Tech 0.055 0.0 3,905 China Titanium 0.005 0.0 625 HanKore Env 0.035 0.0 3,500 JEL 0.015 0.0 3,750 Jiutian Chemical 0.035 0.0 3,150 Lereno Bio-Chem 0.005
      153 words
    • Article, Illustration
      Lock icon Global economic gloom weighs on portfolios
      484 10  -  TEH HOOI LING Senior Correspondent CONCERNS about the health of the global economy continue to weigh on stock markets. In Singapore, the Straits Times Index slumped by 2.1 per cent. Our portfolios performed in line with the blue chips index, ending down an average
      484 words
    • Article
      Lock icon Biggest upgrades in analysts’
      151 10 sentiment JUNE 10 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Del Monte 0.445 1.1 4,450 Goodpack 1.920 1.1 7,680 Pan-United Corp 0.500 1.0 6,000 People's Food 0.775 0.6 8,525 Parkway Life Reit 1.810 0.6 9,050 CH Offshore 0.450 0.0 7,650 China Taisan 0.130 0.0 5,200 FSL Trust
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    • Article
      Lock icon Lowest PTB portfolio
      171 10 JUNE 10 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Pacific Andes 0.290 5.5 14,500 QAF 0.620 1.6 15,500 Bonvests 1.030 1.0 9,270 Allgreen Properties 1.590 0.0 19,080 Anwell Tech 0.240 0.0 3,984 Auric Pacific 0.640 0.0 3,840 Rickmers Maritime 0.410 0.0 4,100 SanTeh 0.375 0.0 5,625 Sunningdale Tech
      171 words
    • Article
      Lock icon Buying by directors down but companies’ buybacks still high
      1688 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited DIRECTOR activity fell last week with only 39 transactions worth $5.4 million based on filings on the Singapore Exchange from June 6 to 10. Buyers outweighed sellers with
      1,688 words
    • Article
      Lock icon Lowest forward PEs
      160 10 JUNE 10 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.285 5.6 5,985 Pacific Andes 0.290 5.5 19,720 ASL Marine 0.600 0.0 5,400 China Fishery 1.500 0.0 13,500 China Taisan 0.130 0.0 5,200 CWT 1.290 0.0 18,060 Hupsteel 0.220 0.0 6,820 Li Heng 0.135 0.0 2,700 Mercator
      160 words
    • Article
      Lock icon Highest dividend yield
      171 10 JUNE 10 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Datapulse 0.210 2.4 6,720 Nera Telecoms 0.360 1.4 7,920 Courage Marine 0.150 0.0 4,800 CWT 1.290 0.0 15,480 FJ Benjamin 0.355 0.0 8,875 GP Industries 0.510 0.0 7,650 MFS Technology Ltd 0.130 0.0 3,510 Shanghai Asia 0.175 0.0 6,650
      171 words
    • Article
      Lock icon Analysts’ top recommendations
      168 10 JUNE 10 ‘111 BID PRICE VALUE WEEK-ON-WEEK CHANGE The Hour Glass 1.220 9.9 10,980 China Essence 0.285 5.6 5,985 CSE Global 1.250 4.2 8,750 Armstrong Industrial 0.315 3.3 11,970 First Resources 1.460 1.4 27,740 Food Empire 0.375 1.4 4,125 Del Monte Pacific 0.445 1.1 4,450 Goodpack 1.920
      168 words
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      93 9 Standard Cg Chartered lA VCan a bank balance its ambition with its conscience? We're working harder to create a brighter future for you. Our global guiding principles and ethical banking practices influence everything we do, from the customers we work with to the businesses we finance. By pursuing initiatives such
      93 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon Innovating to get ahead
      905 11  -  HVS Engineering’s patented cleaning system for heat exchangers has seen it grow from strength to strength, reports ENYA LIM reports ENYA LIM HYDROACTIVE VeloBall System Engineering Pte Ltd (HVS) may not yet be a very big enterprise, but the young company has its sights set far
      ARTHUR LEE  -  905 words
    • Article, Illustration
      Lock icon Going green pays off for Hydroemission
      980 11  -  The company’s revolutionary nanotechnology has helped to give it a leg-up over its competitors, reports WONG SU-JIN WONG SU-JIN HYDROEMISSION Corporation’s vision “To improve life on a global scale” may seem lofty, but the young start-up is already well on its way, judging by
      ARTHUR LEE  -  980 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Keeping Gen Y staff happy
      3385 12 THIS WEEK’S TOPIC: Should organisations pay attention to the needs and interests of their younger employees? What initiatives do your organisation have, or plan to have, for Gen Y staffers? Suvir Varma Senior Partner Bain Company SE Asia A SIGNIFICANT percentage of Bain and Company
      KPMG  -  3,385 words
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      11 13 For the full list of views from CEOs, go to http://businesstimes.com.sg
      11 words
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      462 13 D U J Grow your money with iSAVvy Time Deposit. And get more than just attractive rates. eSavings Account Free Insurance Cash Rewards Free Sub-Accounts DISCOVER A NEW WAY OF SAVING. There are ordinary time deposits and then there is the Maybank iSAVvy Time Deposit. Enjoy 1.15% p.a. on 24-month
      462 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Understanding the shiny allure of gold
      1050 14  -  MINDY TAN takes a look at the various factors budding investors should take note of before taking the plunge MINDY TAN I DARE say, you might never look at your grandmother’s gold necklaces, rings, and accessories in the same way again. While (yellow) gold
      ILLUSTRATION: LUDWIG ILIO  -  1,050 words
    • Article, Illustration
      Lock icon The virtues of thrift and saving
      912 14  -  Pauljean Ang tells WONG SU-JIN how those 2 qualities instilled in her from young have shaped her portfolio STARTING YOUNG WONG SU-JIN HAVING grown up in a cash-strapped household, Pauljean Ang had the virtues of thrift and saving instilled into her qualities which shape
      ARTHUR LEE  -  912 words
    • Article
      Lock icon Entering the forex market
      355 14 Q: I have been reading and following the news of the major economies and I am interested to find out more about the different ways to invest in foreign exchange. What FX instruments are there in the market for a novice investor? ASK DR INVEST A:
      355 words
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      346 14 Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to start investing, feature
      346 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Unwinding of Fed help after QE2 will be gradual
      665 15 Fed is expected to reinvest maturing securities at up to US$16b monthly Reuters [NEW YORK] The flood of Federal Reserve money that has supported Wall Street and the rest of the US economy for 2-1/2 years will shrink to a trickle
      Reuters; BLOOMBERG  -  665 words
    • Article
      Lock icon African leaders launch trade bloc talk
      240 15 AFP [JOHANNESBURG] African leaders yesterday began talks to create the continent’s biggest free-trade bloc, a US$875 billion market that would boost the region’s economic profile. The so-called “Grand” Free Trade Area would cross 26 countries from the Cape to Cairo, with a combined population
      AFP  -  240 words
    • Article
      Lock icon Fed to expand capital planning to 35 banks
      482 15 Move will ensure banks have enough buffer in a crisis Bloomberg [WASHIGTON] The Federal Reserve said that it will expand a capital-planning programme to the 35 largest US banks to ensure they have an adequate buffer in an economic crisis. Bank holding
      Bloomberg  -  482 words
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      157 15 iV.. Future CHIHA SINGAPORE FutureChina Global Forum 2011 11 -12 July 2011 The Ritz-Carlton, Millenia Singapore China in the Next Phase: Marching to a New Drumbeat Featuring insights and analyses by an eminent and diverse collection of more than 40 speakers including .u I Organizer BUSINESS CHINA Platinum Sponsors TEMASEK
      157 words
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      1270 15 :*ATci BUY IT-SELL IT-FIND IT NOTICES Nico Steel Solutions Think Innovation NICO STEEL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****4166D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at Chancery Room (503),
      1,270 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Carlyle may buy 25% of GarudaFood for US$200m
      417 16 Deal will mark Carlyle’s 1st direct venture in Indonesia Reuters [JAKARTA] Private equity firm Carlyle Group is close to buying a 25 per cent stake in Indonesian consumer firm GarudaFood for about US$200 million, sources with direct knowledge of the plan told
      Reuters; BLOOMBERG  -  417 words
    • Article, Illustration
      Lock icon ADCB auction of RHB stake could derail merger bid
      580 16  -  Both Maybank, CIMB might not be prepared to match offer MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent MALAYSIA’S central bank, better known by its Malay acronym BNM, shouldn’t allow the Abu Dhabi Commercial Bank (ADCB) to proceed with its planned auction of
      580 words
    • Article
      Lock icon BURSA MALAYSIA
      1890 16 VOL Jun 10 RM +/-(‘000) A M Realty 0.45 0 0 Abric Bhd 0.31 0 0 Advance Synerg 0.23 0 767 Adventa Bhd 2.09 0 13 Ae Multi Hldgs 0.28 -0.01 90 Affin Holdings 3.42 -0.01 523 Ahmad Zaki Res 0.8 0 253 Aic Corp 1.17 -0.02 106
      1,890 words
  • Page 16 Advertisements
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      1365 16 [•iATci NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg EASTGATE TECHNOLOGY LTD (Incorporated in the Republic of Singapore on 16 December 1989) (Company Registration Number: *****5519R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Eastgate Technology Ltd (the “Company”) will be held at No. 20
      1,365 words
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      312 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEGAL FUTURES (S) PTE LTD (In Voluntary Liquidation) (Company Registration No. *****0154G) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of LEGAL FUTURES (S) PTE LTD duly convened and held at 3791 Jalan
      312 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon India yoga guru ends anti-graft hunger strike
      304 17 AFP [DEHRADUN, India] An Indian yoga guru on hunger strike for the last eight days in protest at government corruption said yesterday that he has called off his fast. But Swami Ramdev said that his fight against graft would continue as the high-profile
      AFP  -  304 words
    • Article
      Lock icon Warning of hard landing for China
      581 17 This may come about after 2013 in the face of excess capacity: Roubini per Bloomberg [SINGAPORE] China faces the risk of a “hard landing” after 2013 as efforts to boost growth through investment lead to excess capacity, said Nouriel Roubini, the New York University
      per Bloomberg  -  581 words
    • Article
      Lock icon Delhi needs to give manufacturing room to grow
      672 17 Reuters [NEW DELHI] If India is to become a manufacturing powerhouse it will need to make things easier for people like Nikhil Nanda, joint managing director of Escorts Ltd, a Delhi-based tractor maker. The company self-gener-ates up to 40 per cent of
      Reuters  -  672 words
    • Article, Illustration
      Lock icon Torrential rains in China kill 94
      364 17 Reuters [BEIJING] Torrential rains battering central and southern China unleashed floods and landslides that killed at least 94 people, turning areas enduring drought just over a week ago into scenes of muddy destruction, local news reports said yesterday. In Yueyang in Hunan province in
      Reuters; AFP  -  364 words
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      4 17 Asiaintoa newroundof rapidcasinodevelopment Tosubscribe,call6388-3838orgotosphsubscription.com.sg
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      24 17 Over 91,216 downloads! SMfC/Tkis.. ■BH |91.3rv.|B i^^-^taio| Get your free iPhone/iPad app now! *as of 6th May 2011 91.3FMI limmia TODflV S BESI MUSIC
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      487 17 MATH Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND INTHE MATTER OF BCPSE ASIA PRIVATE LIMITED (Company No. *****5316Z) (IN MEMBERS’VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE OF HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, that
      487 words
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  • WORLD
    • Article
      Lock icon Saudi Arabia defies Opec decision, raises oil output
      659 18 Riyadh’s move that led to drop in prices a counterpunch to Iran, say analysts NYT [RIYADH] In the wake of an unruly Opec meeting, Saudi Arabia has decided to go it alone and raise production substantially in the coming weeks to meet
      NYT  -  659 words
    • Article
      Lock icon AIG may surge 30% in the next year: BOA
      392 18 Bloomberg [NEW YORK] American International Group Inc, the insurer that is majority owned by the US, may advance more than 30 per cent in the next year in New York trading as results stabilise, Bank of America Corp said. AIG trades
      Bloomberg  -  392 words
    • Article, Illustration
      Lock icon Suspected members of hacking group held
      456 18 Bloomberg [MADRID] Spanish police have arrested three suspected members of the online hacking group Anonymous, which took credit for carrying out cyber-attacks on governments and companies including Sony Corp and MasterCard Inc. Anonymous hacked the websites of Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest
      Bloomberg; AP FILE PHOTO  -  456 words
    • Article, Illustration
      Lock icon BlackBerry asked to split top roles
      559 19 Investor calls for change for freer board oversight of management Bloomberg [TORONTO] Research In Motion Ltd (RIM), maker of the BlackBerry smartphone, faces growing pressure to overhaul its leadership after an investor called for changes to give the board more independent oversight of management.
      Bloomberg  -  559 words
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      Lock icon Prudential targets Japan for business growth
      294 19 Bloomberg [TOKYO] Prudential Financial Inc, the US life insurer that spent more than US$4 billion this year to expand in Japan, said that the best way to make money outside its home market is to focus on a limited number of nations. “Our strategy
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      Lock icon Israel’s Fischer joins race for IMF top job
      581 20 Bank of Israel governor was first deputy MD of IMF from 1994 to 2001 Reuters [JERUSALEM] Bank of Israel governor and former IMF deputy chief Stanley Fischer said on Saturday that he would run for the top job at the International Monetary
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      Lock icon Euro can stand Greek default: Bundesbank head
      464 20 Bloomberg [FRANKFURT] Bundesbank president Jens Weidmann has raised the pressure on governments to agree to a Greek bailout without the European Central Bank taking part in easing the country’s debt burden, saying the euro can withstand a default. Mr Weidmann said that the
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    • Article
      Lock icon Lloyds may cut up to 15,000 jobs to save cost: report
      347 20 Reuters [LONDON] Britain’s Lloyds Banking Group could cut up to 15,000 jobs as part of a new £1 billion (S$2 billion) cost-saving plan, according to a report in the UK’s The Sunday Times newspaper. The report said that whole
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    • Article
      Lock icon Thousands flee as Syrian troops shell town
      357 20 Reuters [AMMAN] Syrian tanks and helicopters stormed the town of Jisr al-Shughour yesterday, residents said, and state television reported heavy clashes between army troops and gunmen opposed to President Bashar al-Assad. A senior Turkish diplomat said 4,300 Syrian refugees had crossed the border
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      294 18 Chi^b A children's charity concert for The Straits Times School Pocket Money Fund &The Business Times Budding Artists Fund Beneficiaries: 5 Money Fund C. STRAITS TIMES. I Budding Artists Fund r r Extend your love through Friendship and Hope, our theme for ChildAid 2011 an annual charity concert in aid
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      3054 19 SMRT CORPORATION LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****1855H) To: All Shareholders Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina
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      598 20 t£AT3 NOTICES XINREN ALUMINUM HOLDINGS LIMITED (Incorporated in Singapore on 29 August 2006) (Company Registration No. *****2545H) Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of XinRen Aluminum Holdings Limited (the“Company”) will be held on at Lotus Room,Mezzanine Level,Shangri-La Hotel Singapore,22 Orange
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      1096 20 WATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg JACKSPEED CORPORATION LIMITED Registration No: *****0300W (Incorporated In Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 47 Loyang Drive, Singapore *****5 on Tuesday, 28 June
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  • AVIATION/SHIPPING
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      Lock icon Chile volcano ash disrupts NZ, Aussie flights
      605 21 Thousands stranded after plumes drift almost 10,000km across Pacific to NZ AFP [SYDNEY] Ash from Chile’s volcanic eruptions prompted Australian airlines to ground some domestic services and flights to New Zealand yesterday, stranding thousands of people after plumes drifted across the Pacific. Strong
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    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3283 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ456 1245 --EY473 1955 NH6369 1955 --VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0545 LO4032 2355 SQ323 0545 SQ324 2355 US5410 0545 US5411 2355 AZ3992 1525 KL835
      3,283 words
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      Lock icon Baltic index falls to lowest in 2 weeks
      446 21 A growing supply of vessels are putting pressure on earnings Reuters [LONDON] The Baltic Exchange’s main sea freight index BADI, which tracks rates to ship dry commodities, fell to its lowest in over two weeks on Friday as growing vessel supply pressured
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    • Article
      Lock icon Boeing faces pressure over next jet’s home
      435 21 Bloomberg [SEATTLE] Boeing Co, facing a federal labour complaint hearing this week over its new 787 Dreamliner assembly line, is already being pressured by politicians and unions interested in work on a subsequent generation of airliners. While the planemaker held a rib-bon-cutting ceremony
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      Lock icon TRANSPORT STOCKS
      277 21 SGX '000 Jun 10 S$ +/-Vol CH Offshore 0.45 unch 26 Chuan Hup Hldg 0.25 unch 429 Cosco Corp 1.83 -0.02 ***** CWT Ltd 1.30 -0.01 2160 Ezra Hldgs 1.50 -0.01 2116 First ShipLea 0.38 -0.01 3682 Freight Links 0.06 unch 1754 Grand Banks unch unch 0 Jaya
      277 words
  • Page 21 Miscellaneous
    • Miscellaneous
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      336 21 CRYPTIC CROSSWORD Across 1 Thick soup cowherd prepared (7) 5 Trendy drink I had in flat (7) 9 Step into someone’s shoes and do well (7) 10 Boring little man with debts (7) 11 Working miracle on excavator (9) 12 Dim British king (5) 13 Wife, one attending function with
      336 words
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  • DINING OUT
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      Lock icon Old-world English fare
      932 22  -  NEW RESTAURANT By Jaime Ee The Jackson Plan 40 Duxton Hill Tel: 6866-1988 Open Monday to Friday for lunch and dinner. Dinner only on Saturday. Closed on Sunday. SO what’s weirder? That most Singaporeans have never heard of Philip Jackson, much less his plan? That it takes
      PHOTOS: 2011 RORY DANIEL  -  932 words
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      208 22 Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327 9693-0266 or email tabla@sph.com.sg 'i\\ V9» \3» (isft \9»
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      19 22 www.omy.sg o: SINGAPORE AWARDS if Jn HP t§ 2 0 11 http://sgblogawards.omy.sg Send lyour, favourite] bloggers attractive 91 pfel©
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8721 23 Week ended: Jun 10 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 16 unch 800 16 16 15.5 16 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 7.5 -1 1582 8.5
      8,721 words
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      Lock icon SGX CATALIST
      1672 24 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 161 141 161 95.5 1.5 0.5 t Advanced System 0.5
      1,672 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 24 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.550 -0.030 CapitaLand 2.960 -0.040 CapitaMall 1.940 -0.010 CityDev 10.660 -0.160 ComfortDelGro 1.400 -0.010 DBS Grp 14.520 -0.140 F&N 5.660 -0.060 GLP 2.030 -0.030 Genting SP 1.940 -0.030 Golden Agri 0.675 -0.005 HK
      118 words
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      Lock icon STOCKS ASIA
      2628 24 Transaction date: Jun 10 HONG KONG Vol HK$ +/-'000 Aeon Stores 16.5 0 0 Angang Steel 8.02 -0.11 5836 Anhui Conch-50 32.1 -0.5 ***** Anhuiexpresswa 6.26 -0.13 1204 Asia Satellite 18 0 0 Asm Pacific 103 0.5 535 Bank Of E Asia 32.1 -0.3 2353 Beida Jade Bir
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      Lock icon GLOBALQUOTE
      257 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A47.5 -2.5 1 47.5 47.5 46.5 50 3.6 7.4 3.8 123.7 55 16 Genting HK US$ US38 -2.5 ***** 40 38 38 38.5 2502.1
      257 words
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 3 0 0 0 3 12 3 Manufacturing 55 97 57 5 11 15 60 108 72 Commerce 14 39 22 1 9 4 15 48 26 Tpt/Stor/Comms 5 30 11
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      Lock icon SGX ETF
      938 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 118 unch 50 118 118 115 118 538.6 1077 817 CIMBAsean40 100US$ US1034 -24 10 1049 1033 1034 1041 41.4
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      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 203,042 203,042 382,226 382,226 Manufacturing 1,240,933 94,715 1,335,648 927,819 3,430 931,249 Commerce 379,993 26,751 406,744 567,278 3,130 570,408 Tpt/Stor/Comms 606,572 43,348 649,920 1,036,681 5,448 1,042,129 Finance 86,791 73 86,864 786,581 8 786,589 Construction 97,557 23,970
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      26 24 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 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 10 Index Change Change Change Change Change Change World Index Preliminary 885.3 -1.1 -1.4 -1.0 -2.8 -1.4 0.8 EAFE Preliminary 767.4 -0.9 -4.2 -1.2 -3.3 -1.6 0.3 Europe Preliminary 1140.9 -1.5
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      Lock icon INTERBANK RATES
      178 25 Jun 10 $S Offer Bid 0vernight 0.02 "0,01" 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.46 0.36 9 months 0.70 0.50 12
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      Lock icon US$/S$ FORWARD RATES
      22 25 Jun 10 S$ Bid Offer 1-month 1.2319 1.2329 2-months 1.2318 1.2328 3-months 1.2317 1.2328 6-months 1.2315 1.2325 Source: OCBC
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 Jun 10 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.35 1.274 Can dollar 1.286 1.237 Euro 1.818 1.749 Sterling pound 2.05 1.972 NZ dollar 1.044 0.995 US dollar 1.248 1.2 Local dollars to 100 units of foreign
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      Lock icon STOCK INDEX FUTURES
      27 25 Jun 10 Open High Sett STI Jun 3079 SIMSCI Jun 360.5 362.5 356.8 Taiwan Jun 319.4 321.3 312.1 Source: MF Global (S) Pte Ltd
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      Lock icon PALM OIL
      65 25 Jun 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3305 3248 3309 3250 94 1305 Jul 11 3300 3260 3308 3251 1539 8889 Aug 11 3268 3239 3290 3231 ***** ***** Sep 11 3293 3240
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      Lock icon SGX DERIVATIVES TRADING
      466 25 Jun 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7525 0 1933 Sep11 99.6750 0 6605 Dec11 99.6100 0 3293 Mar12 99.5400 0 1327 EUROYEN TIBOR FUTURES Jun11 99.6675 99.6675 99.6675 99.6675 750 5385 Sep11 99.6700 99.6700 99.6700 99.6675 750 1605 Dec11 99.6700 99.6700 99.6700
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    • Article
      Lock icon SICOM FUTURES RUBBER Futures (Closing prices)
      157 25 Jun 11 RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 106 Aug 11 504.0 504.0 504.0 4 58 Sep 11 499.0 499.0 499.0 20 310 Oct 11 498.0 498.0 498.0 20 186 Nov 11 493.5 493.0 493.5
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 25 Jun 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 08.09.2011 0.33 0.28 0.28 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.15 5-Year N*****0W 1.125 01.04.2016 100.31 10-Year NX*****X
      77 words
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      Lock icon CHICAGO BOT
      107 25 Jun 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1387.25 1393.75 1397.50 1377.25 Aug 11 1382.25 1387.25 1390.25 1371.50 Sep 11 1379.50 1385.25 1388.50 1370.25 Nov 11 1381.75 1386.75 1390.25 1370.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 56.85
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Jun 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.70 1.08 WTI (Near Mth) 101.77 0.97 Dubai (1-Mth F) 110.57 1.12 Tapis blend 123.92 1.35 Minas 120.02 1.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.78 0.92 Jet Kerosene 131.55 2.39 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2758 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 23.5 1 150 8 6.85 35 ASJ Hldgs W*****1 1.5 1 4 22 3.00 8 AlliedTech W*****2 2 unch 24 1 4 29 Asia Water Tech Ltd W*****8
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 25 Jun 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.034 6.872 0.734 8.252 47.435 90.321 0.849 11.479 3.205 1.287 90.798 45.797 1.307 7.172 0.893 30.523 32.240 0.652 1.060 Canada 0.968 6.649
      462 words
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      Lock icon SIBOR
      85 25 Jun 10 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      140 25 Jun 10 GOLD (US$/oz) Jun 09 Jun 10 Hong Kong 1538.00 1546.00 Jun 10 Jun 09 London 1533.95 1539.45 1534.75 1540.45 Source: Thomson Reuters Source: Reuters CAST BAR Jun 10 (S$) Selling Buying Kilobar 65,517.17 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 61 5gm 417 306
      140 words
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      Lock icon LONDON METALS
      69 25 Jun 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2595.25 2635.25 3 months 2619.00 2660.00 Copper, Grade A (US$/tonne) Cash 8923.50 9040.00 3 months 8938.00 9055.00 Lead (US$/tonne) Cash 2542.00 2604.25 3 months 2545.00 2609.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Jun 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3059 1.3076 1.0601 1.0606 Canadian dollar 1.2637 1.2650 1.0259 1.0261 Euro 1.7807 1.7823 1.4455 1.4456 NZ dollar 1.0145 1.0159 0.8235 0.8240 Sterling pound 2.0047 2.0067 1.6273 1.6276
      154 words
    • Article
      Lock icon LIFFE
      82 25 Jun 10 COCOA (£/tonne) Close Prev High/Low Jul 11 1848 1830 1861/1841 Sep 11 1857 1843 1870/1848 Dec 11 1885 1869 1898/1876 Mar 12 1908 1891 1920/1899 COFFEE (US$/tonne) Close Prev High/Low Jul 11 2462 2461 2470/2440 Sep 11 2509 2507 2519/2488 Nov 11 2535 2534 2543/2517 Jan 12
      82 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5391 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    5,391 words
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      68 27 A member of the A&G group Complete Air Sea Freight Services. Call: 6542 6020 Email: admin@agshipping.sg 20 Changi South St 1 (S)*****8. www.airngas.com THE BUSINESS TIMES TO ADVERTISE. CALL JOE WONG AT 9620 1327 M THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers Can they find your
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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      Lock icon HP to ramp up cloud offerings in S’pore
      899 28  -  Tech giant hopes to cash in on synergies between its Instant-On Enterprise focus and cloud offerings, writes Amit Roy Choudhury Amit Roy Choudhury [LAS VEGAS] AS A FOLLOW-UP to the slew of significant announcements made last week during the HP Discover 2011
      899 words
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      Lock icon To cashless and beyond
      1000 28  -  Contactless cards and mobile payments are bringing us ever closer to a cashless <you say> By JULIENNE LOH The author is VP and Singapore country manager for MasterCard Worldwide CASH has been central to human existence for centuries now but the idea that cash is king,
      AFP  -  1,000 words
    • Article
      Lock icon HP to launch sales of Touchpad in July
      216 28 Bloomberg [NEW YORK] Hewlett-Packard Co, hoping to tap into the tablet market dominated by Apple Inc’s iPad, said it will begin sales of its TouchPad computer in July. The tablet will sell for US$499.99 to US$599.99 depending on storage capacity, Palo Alto,
      Bloomberg  -  216 words
    • Article
      Lock icon Google close to buying Admeld for US$400m
      184 28 Bloomberg [SAN FRANCISCO] Google Inc, the world’s largest In-ternet-search company, is close to buying advertisingtechnology company Admeld Inc for about US$400 million, according to a person with knowledge of the discussions. The person declined to be identified because the matter isn’t public. Katelin
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    • <what’s up>
      • Article
        Lock icon New Asean general manager for Lenovo
        50 28 LENOVO’S Koh Kong Meng is the new general manager for Asean. Mr Koh will be responsible for sales, marketing, channels and distribution of the PC maker’s products. He succeeds Howie Lau, who was appointed vice-presi-dent of marketing and communications for Lenovo’s emerging market group.
        50 words
      • Article
        Lock icon Brocade appoints regional director
        68 28 BROCADE has appointed Gerald Penaflor as senior regional director for strategic accounts, Asia-Pacific. He has spent nine years with the company, and was previously senior director for enterprise business, managing the overall business and regional market development for South-east Asia, India, Australia and Korea. In his
        68 words
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        Lock icon Polycom names senior VP for global field ops
        46 28  -  Compiled by Victoria Ho POLYCOM has appointed Hansjoerg Wagner, who was president for Polycom Asia-Pacific, as senior vice-presi-dent of global field operations. He will be based in Singapore and will oversee global sales and the company’s cloud initiatives.
        46 words
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      Lock icon Sensibility of Sense
      782 29  -  The HTC Flyer, even without the Honeycomb, stands out with its excellent user interface &lt;cool stuff&gt; VICTORIA HO Reporter WITH all the buzz around Android 3.0 (Honeycomb), it almost feels like any tablet based on earlier builds of the operating system (OS) has been typecast as awkward
      782 words
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      Lock icon Groupon ropes in six more banks for IPO
      406 29 Sources say they include Barclays and JPMorgan Chase Bloomberg [SAN FRANCISCO] Groupon Inc, seeking to raise US$750 million in an initial public offering, asked six more banks to help underwrite the sale, including Barclays plc and JPMorgan Chase Co, said two people
      Bloomberg  -  406 words
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      242 29 4" EMERSON Network Power Turn your data center from... CLOUD 41 RISKY to CLOUD READY Now you can manage your cloud infrastructure with the 4 vital steps. Cloud Ready is... the ability to know where your physical and virtual assets are located. You can remotely control your businesses, understanding the
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      459 30 Advertisement Microsoft Dear reader, You may have been approached to sign long-term license agreements for your virtualization projects. But with the arrival of cloud computing, signing up for a long-term virtualization commitment may lock you into a vendor that cannot provide you with the breadth of technology, flexibility or scale
      459 words