The Business Times, 18 June 2012
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2012-06-18
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The Business Times
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Title Section25 2012-06-18 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, June 18, 201225 words
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Article, Illustration674 2012-06-18 1 AP [ATHENS] The two main contending parties in Greece’s election, New Democracy and Syriza, were in a dead heat, an exit poll showed, stoking concerns that another political stalemate will force the country out of the euro. As at press time, New DemocracyAP; AFP - 674 words
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Article, Illustration856 2012-06-18 1 1.1b of deals chalked up in first five months, compared to $1.3b for whole of last year By KALPANA RASHIWALA [SINGAPORE] Some $1.1 billion of strata office properties were transacted in the first five months of this year, just shy of the $1.3 billion856 words
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MARKETS DIGEST
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Article57 2012-06-18 1 Weekly Change ST INDEX 2,811.00 +73.11 KL COMP 1,579.23 +8.61 NIKKEI 225 8,569.32 +110.06 HANG SENG 19,233.94 +731.60 SET INDEX 1,165.73 +38.63 JAKARTA COMP 3,818.11 -7.22 MANILA COMP 4,930.63 -63.44 SEOUL COMP 1,858.16 +22.5 SHENZHEN B 629.35 +9.92 MUMBAI IND 16,949.83 +230.96 DOW 12,767.17 +212.97 NASDAQ 2,872.80 +14.38 S&P57 words
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Article18 2012-06-18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.035 JAPAN 1.475 KOREA Source: Bloomberg18 words
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Article49 2012-06-18 1 us$ s$ US$ (S$ per US$) 1.275 (US$/S$ per 1.550 1.977 EURO (US$/S$/E) 1.262 1.609 Foreign currency per US$ S$ YEN 79.00 61.90 RM 3.169 2.485 HK$ 7.760 6.085 BAHT 31.53 24.73 RUPIAH 9,435 7,399 RENMINBI 6.365 4.992 INDIAN RUPEE 55.73 43.70 A$ 0.997 0.782 NZ$ 1.275 1.00049 words
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Advertisement65 2012-06-18 1 HOCK LOCK SIEW What challenges lie ahead for SGX CEO? PAGE 6 PATEK PHILIPPE GENEVE Begin your own tradition. m (Fil Cortina watch si®#* Annual Calendar Ref. 5205G Boutiques (Singapore): The Shoppes at Marina Bay Sands Tel: (65) 6688 7008 ION Orchard Tel: (65) 6509 9238 Singapore: Millenia Walk Tel:65 words
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Advertisement53 2012-06-18 1 BizIT Winning at a game of productivity PAGE 30 LIVING IN THE CITY What would you say are the key features of a liveable and sustainable city? How successful is Singapore in that respect, and what more needs to be done? CEOs give their views. VIEWS FROM THE TOP I53 words
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Advertisement10 2012-06-18 1 DINING OUT An A for effort and creativity PAGE 2310 words
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Advertisement36 2012-06-18 1 MALAYSIA INSIGHT A country must live within its means PAGE 16 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. *****1 *****436 words
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TOP STORIES
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Article537 2012-06-18 2 Strata office property deals soar to $1.1 billion SOME $1.1 billion of strata office properties were transacted in the first five months of this year, just shy of the $1.3 billion for the whole of last year, driven largely by liquidity, investors switching out of the residential sector,537 words
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Article, Illustration857 2012-06-18 2 TIMOTHY LOH - By TIMOTHY LOH [SINGAPORE] Venture philanthropy (VP) may be a relatively new concept in Asia, but there are signs that it could grow rapidly, along with the maturation of the venture capital industry in the region. “It’s not a trend yet, but there are sufficient857 words
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Article, Illustration850 2012-06-18 2 ROB CURRAN - Market setting itself up for another fall, with expectations of central bank moves WALL STREET INSIGHT By ROB CURRAN FOR market watchers and central bankers, this week is the European Championships, the World Cup and the Olympics rolled into one. BetweenBLOOMBERG - 850 words
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603 2012-06-18 4 RONNIE LIM - Traders expect market to rebound in H2 after volatility hit volumes in H1 By RONNIE LIM [SINGAPORE] Volatile oil prices in the first half of the year forced some firms to exit the business, but Singapore’s oil trading hub remains healthy as603 words
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Article, Illustration1639 2012-06-18 4 FELDA CHAY - Guaranteed fees and members did not make journey easy By FELDA CHAY [SINGAPORE] With a law that guarantees the Singapore Business Federation (SBF) a huge membership base and a steady flow of income, one might think that it is in a sweetYEN MENG JIIN - 1,639 words
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Article, Illustration399 2012-06-18 4 [SINGAPORE] PwC Singapore executive chairman Gautam Banerjee will be retiring on Dec 31 this year, passing the helm to Yeoh Oon Jin. In a media release yesterday, PwC Singapore said that Mr Yeoh currently leader of the firm’s assurance service line399 words
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Advertisement126 2012-06-18 2 OPENSCAPEXPERT: THE REFERENCE FOR SUCCESSFUL TRADERS VISIT US AT COMMUNICASIA 2012 (BOOTH BR3-01I COMMUNICASIA2012 EXHIBITION Date: 19-22 June 2012 Venue: B2, Booth BR3-01, Marina Bay Sands, Singapore Opening Hours: 19 21 June, 10:30am 6pm 22 June, 10:30am 4pm Contact Us: +65 6749 1110* support.sg0tgs-enterprise.com HIGHLIGHTS OF TGS ENTERPRISE NETWORKS BOOTH126 words
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Advertisement216 2012-06-18 3 w'-. ■V ijri* v gp •s >- mi v> L- V 1 f: ■o 3? "TS > W #1 **<v K 6 > i\ O' 8 3® A: ss x/ A5 1 4a .V o H *L ZcC H S2 cn ■:tt? o s K 'i fir P=3 'S Vq216 words
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Advertisement244 2012-06-18 4 Conducting Due Diligence: Lessons from China Date 25 June 2012 Time 2pm to 5pm (Tea break will be provided) Registration starts at 1,30pm Venue: Chef Daniel’s Kitchen Private Dining 201 Victoria Street Level 7, Bugis+ Shopping Centre (formerly known as lluma) Singapore *****7 -5 Network and learn from experienced investor244 words
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Advertisement163 2012-06-18 5 Superb Seventh Ensco plc and Keppel FELS celebrate the completion of ENSCO 8506, the final rig in the fleet of seven ENSCO 8500 Series® ultra-deepwater semisubmersibles. Upon delivery, the rig will be contracted to Anadarko Petroleum Corporation for operations in the U.S. Gulf of Mexico. Built on a solid foundation163 words
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COMPANY NEWS
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829 2012-06-18 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY RUNNING the Singapore Exchange (SGX) over the past two to three years couldn’t have been easy for chief executive Magnus Bocker. On the commercial front he’s had to steer the exchange through a bear market where sentiment829 words
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290 2012-06-18 6 EMILYN YAP - Selangor data centre is 4th asset for Securus fund By EMILYN YAP A FUND linked to Keppel Telecommunications and Transportation (Keppel T&T) has bought an 80 per cent stake in a data centre in Malaysia for an undisclosed sum. The data centre290 words
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Article287 2012-06-18 6 Jun 15 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Arab Bank PLC Bank Julius Baer Co. Ltd(S) 5 Banco Bilbao Vizcaya Bank of China Limited 5.5 Bank of Communications 5.5 6 Bank Julius Baer Co. Ltd(S)... Bank of New287 words
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Article862 2012-06-18 6 Payment Ex Books Pay Ann (cts) date close date date Action Asia ak 0.800 14-Jun 18-Jun 28-Jun 28-Mar AEM Hldgs aw 0.350 01-Aug 03-Aug 17-Aug 14-May AIMS Amp Cap I Reit cn 2.700 02-May 04-May 19-Jun 23-Apr Amara Hldgs an 0.600 12-Jun 14-Jun 27-Jun 12-Apr Asia Pac Brew862 words
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Article, Illustration1650 2012-06-18 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYING fell while selling among directo rs remained low, going by filings on the Singapore Exchange from June 11 to 15. A total of 19 companies recorded 33 purchases worth $3.8 million versus1,650 words
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Article243 2012-06-18 7 COMPANY MEETING PLACE DATE TIME Chemical Ind A 3 Jalan Samulun Singapore *****7 18-Jun 10.00am ARA-CWT Trust E InterContinental Singapore 80 Middle Road, Singapore *****6 19-Jun 2.00pm Berger Intl A 22 Benoi Sector Singapore *****4 20-Jun 11.00am King Wan E 8 Sungei Kadut Loop Singapore *****5 23-Jun 9.30am243 words
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Advertisement1289 2012-06-18 6 WATS NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TAMURA MACHINERY SINGAPORE PTE. LTD. REG. NO. *****0092G (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 31 May 2012, the following Resolutions1,289 words
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Advertisement585 2012-06-18 6 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FRAGRANCE GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6656M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Fragrance Group Limited (the “Company”) will be held at 168 Changi Road #05-01 (Attic585 words
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Advertisement25 2012-06-18 7 HERE NOW Australian House Land Earn18.8%+ ROI Subject to strategy selected www.smar troisolutions.com/bt +65 9727 9898 Ray International Real Estate Group INTERNATIONAL REAL ESTATE GROUP25 words
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Advertisement335 2012-06-18 7 S Foreign Investment Law S Condominium Law S Legal Aspects S Investment Update S Foreign Exchange Opportunities Urban Redevelopment Telecommunication Shipyard/Ship Building Hotel Tourism Oil Gas Port Development Trade policy Property Development Investment 6 th Myanmar Business Conference 2012 Hear From Officials 16 17 July 2012, Hilton Hotel, Singapore Conference335 words
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SINGAPORE MARKETS
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Article, Illustration643 2012-06-18 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent As at press time, the outcome of Greece’s elections isn’t yet known, so it is difficult to state with any conviction what the week ahead might hold for equity markets. The best we can do is to sketch out643 words
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558 2012-06-18 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies rose for a second week on speculation leaders of the Group of 20 nations will announce measures to combat a global economic slump when they meet this week for talks in Mexico. The Bloomberg-JPMorgan AsiaBloomberg - 558 words
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573 2012-06-18 8 COMMODITIES AFP [LONDON] Commodity prices diverged last week as traders reacted to fresh eurozone turmoil and stimulus hopes ahead of crucial weekend elections in Greece. Greece was readying for its second parliamentary vote in six weeks with all the top candidates calling for various degreesAFP - 573 words
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Article1439 2012-06-18 8 Source: Thomson Reuters Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 10.00 11.55 1.42 1.16 Amtek Engg 1.60 1.60 5 0.07 7.42 0.93 0.63 ARA Asset Mgt1,439 words
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Article66 2012-06-18 8 Jun 15 VALUE CLOSE BT OB/OS -26.00 +225.0 BT CADI -*****.00 +136.0 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 655.27 +8.50 FTSE ST Small Cap 430.93 +5.62 FTSE ST All Share 681.04 +8.97 FTSE ST China Top 192.45 +3.74 FTSE ST China 216.15 +3.52 FTSE66 words
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Article57 2012-06-18 8 VOLUME Golden Agri 364,211,000 ChinaTaisan 348,910,000 UniFiber 324,454,000 Noble Grp 214,120,000 Genting SP 188,083,000 GSH Corp 165,261,000 NexGenSCom 144,896,000 Elektromotive 134,675,000 PSL Hldgs 130,877,000 M Devt 122,828,000 VALUE($) Genting SP 272,839,207 Noble Grp 244,283,135 SingTel 235,893,563 Golden Agri 229,247,312 Keppel Corp 226,349,271 Olam 209,050,610 Wilmar 194,230,665 CapitaLand57 words
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Article117 2012-06-18 8 BY CENTS CLOSE UP GLD 10US$ ***** 623.5 3.2 DBXT Nifty 10US$ 9496 318.8 2.7 IS S&P500 ***** 299.6 1.8 DBXT E50 10US$ 3149 241.0 6.4 Jardine C&C 4400 185.0 4.4 DBXT MSKorea 10US$ 5353 150.5 2.3 DBXT MSEurope 10US$ 3930 117.3 2.4 DBXT MSTHAI 10US$ 1766 114.8 5.4117 words
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Article127 2012-06-18 8 BY CENTS CLOSE DOWN Lyxor AsiaMT 10US$ 4776 -1019 -14.3 JSH 3000 -191.3 -4.8 IS MSCI Spore 1176 -116.0 -7.2 DBXT S&P Short 10US$ 3844 -90.5 -1.8 IS DJ US Tech 6960 -43.4 -0.5 DBXT SPASX200 10US$ 3071 -33.2 -0.8 CIMBAsean40 100US$ 956 -31.9 -2.5 JMH 4820 -30.6 -0.5127 words
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SINGAPORE NEWS
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692 2012-06-18 9 GRACE LEONG - Family of dead golfer had sought clarification after club’s statement By GRACE LEONG THE High Court has clarified that Tanah Merah Country Club has admitted liability in a settlement reached with the estate of Soh Lye Huat, a golfer killed in a lightning strike at692 words
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Article, Illustration464 2012-06-18 9 He could not have been charged under the Penal Code THE Attorney-General’s Chambers (AGC) yesterday explained why plastic surgeon Woffles Wu was charged under the Road Traffic Act and not the Penal Code for getting someone to take the rap for two464 words
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Article, Illustration179 2012-06-18 9 SOME 4,500 Citi employees, clients and their family members in Singapore took part in the bank’s 200th anniversary celebrations on Saturday, participating in a mass charity workout, an open-air movie screening and a carnival at the Promontory at Marina Bay. As part179 words
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Advertisement163 2012-06-18 9 -x v 5 tw'. Tf V'f tef 1 s«. I -K /VTiTitJ E* Pm SjV-'SS hrii^ m l s ss ■C "1*5 '7SdjV? >JS SK* w* U SSSft! n SS... ■«f' V t->v' 'W ?-A'5>, mif-j I 7C? Si V-*: :v; jmm -I "i. O? 1 Vis VWAW v -i163 words
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VIEWS FROM THE TOP
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Article, Illustration2885 2012-06-18 10 THIS WEEK’S TOPIC: What would you say are the key features of a liveable and sustainable city? How successful is Singapore in that respect, and what more needs to be done? Kwek Leng Joo Managing Director City Developments Limited President, Singapore Compact for CSR ECONOMIC progress,FILE PHOTO - 2,885 words
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Advertisement210 2012-06-18 10 X. nr s Sheltering a city with data. Rio de Janeiro has seen exponential growth and development, but its burgeoning economy has been hit in recent times by disastrous floods and mud slides. The city realised it needed a way to prepare for the unexpected. So together with IBM it210 words
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Advertisement207 2012-06-18 11 I Q u Squeezing more energy from every drop. Guizhou Wujian Hydropower (GWH) operates seven dams along the Wu River and supplies electricity to a region in southern China with a population of 135 million people. Unfortunately, the systems of the dams were disconnected, resulting in inefficient power production and207 words
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Advertisement56 2012-06-18 12 You need more engineers to keep the trains running Hiring the right staff will put you back on track HD lv. ttin A product of SPH, Singapore's trusted media group. At stjobs.sg your ideal job isn’t hard to find. The STJobs App for iPhone and iPad is free and available56 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1225 2012-06-18 13 Is education important or does experience count for more? IN an infamous experiment carried out over two years ago, Lusha, a chimpanzee in Russia, was asked to pick cubes representing companies. From the 30 available cubes, she picked eight of them. One year later,STOCK.XCHNG - 1,225 words
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Article, Illustration1027 2012-06-18 13 AUDREY TAN - By getting them to conduct cooking lessons, social enterprise Gourmet Guru gives these women a chance to earn extra money, reports AUDREY TAN reports STARTING YOUNG AUDREY TAN GOURMET Guru is serving up help to low-income homeowners, one cooking class at a time. The1,027 words
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Advertisement29 2012-06-18 13 If you’re between 17 and 30 years old and have an interesting investing or entrepreneurship story to share, do email btyif@sph.com.sg now with “Starting Young” in the subject heading.29 words
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Advertisement156 2012-06-18 13 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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Advertisement75 2012-06-18 14 With close to 10 million page views and 1.5 million visitors monthly, the right employee shouldn’t be hard to find. Source: Nielsen NetRatings May 2012 4 m |C V Va A product of SPH, Singapore’s trusted media group. At stjobs.sg your ideal job isn’t hard to find. The STJobs App75 words
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ECONOMY WATCH
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760 2012-06-18 15 EU leaders’ crisis handling has led to loss of confidence and raised questions about the European model Reuters [LONDON] Whether the euro lives or dies, the chaotic way Europe has tackled the crisis could undermine the region’s geopolitical clout for years toReuters - 760 words
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Article, Illustration587 2012-06-18 15 Bloomberg [MELBOURNE] Mineral exploration spending in Australia, the world’s biggest iron ore exporter, reached a record in March and has risen 35 per cent since a new policy to tax carbon was unveiled last year, the government said. Spending rose 12 perBloomberg; REUTERS - 587 words
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Article, Illustration562 2012-06-18 15 Reuters [NEW YORK] Job-hunting teenagers in cities across the United States face the third bleak summer in a row. They must compete for scarce slots in scaled-back government work programmes and against adults forced into low-paying positions by the unemploymentReuters; REUTERS - 562 words
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568 2012-06-18 15 Bernanke had said price rises were merely transitory Bloomberg [WASHINGTON] A plunge in global commodity prices is tilting the balance in favour of Federal Reserve chairman Ben Bernanke and colleagues who may seek further action to boost growth as the US labour market faltersBloomberg - 568 words
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454 2012-06-18 15 Reuters [GENEVA] A World Trade Organization panel on Friday handed the United States a victory in a case against Chinese import duties on a specialty steel product primarily made in two presidential battleground states, Ohio and Pennsylvania. “With respect to eachReuters - 454 words
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MALAYSIA/INDONESIA
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Article, Illustration586 2012-06-18 16 S JAYASANKARAN - A host of giveaways ahead of an impending general election is cause for concern MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent ONE hopes that Idris Jala is right. Mr Idris, a minister in the Prime Minister’s Department and the head of Pemandu, said last586 words
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529 2012-06-18 16 Industry says losing US$164m/month in nickel/bauxite sales Reuters [JAKARTA] Indonesia’s new mineral ore export regulations have halted operations at hundreds of small mining companies, costing the country’s export industry up to US$164 million a month in lost nickel and bauxite sales,Reuters - 529 words
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Article1706 2012-06-18 16 VOL Jun 15 RM +/-(‘000) A M Realty 0.42 unch 0 VOL Advance Synerg 0.16 unch 91 Adventa Bhd 1.48 0.09 90 Ae Multi Hldgs 0.22 0.02 82 Affin Holdings 3.34 0.15 3093 Ahmad Zaki Res 0.72 -0.01 3 Abric Bhd Airasia Bhd 3.66 0.01 ***** Alliance Finan1,706 words
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458 2012-06-18 16 Reuters [KUALA LUMPUR] The Malaysian government dismissed last Friday a citizens’ appeal against a rare earths processing plant owned by Australia’s Lynas Corp, removing the main obstacle to the start of production at the site. The plant is seen as crucial to loosenReuters - 458 words
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Advertisement1783 2012-06-18 16 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BEST PEAK PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6749W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 78 Shenton Way1,783 words
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GREATER CHINA/INDIA
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Article, Illustration677 2012-06-18 17 Fewer prominent voices are able to make the case for a systemic overhaul NYT [BEIJING] As China heads toward a once-a-decade change of its top leadership, its vaunted embrace a generation ago of markets and economic openness which catapulted the country from isolated povertyNYT; BLOOMBERG FILE PHOTO - 677 words
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Article570 2012-06-18 17 Report cites lack of independent central bank among factors Bloomberg [BEIJING] China’s efforts to make the yuan a global currency may be hampered by the lack of an independent monetary policy, fragile domestic financial markets and an “unbalanced” economy, a report edited by an adviser toBloomberg - 570 words
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Article410 2012-06-18 17 Bloomberg [BEIJING] China’s economy will bottom out this quarter and rebound in the following three months as government measures to stabilise a slowdown take effect, according to an academic adviser to the central bank. “The second quarter should be the lowest point” this year,Bloomberg - 410 words
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Article, Illustration506 2012-06-18 17 AFP [NEW DELHI] Indian pharmaceutical tycoon Yusuf Hamied revolutionised AIDS treatment more than a decade ago by supplying cut-price drugs to the world’s poor and now he wants to do the same for cancer. Mr Hamied, chairman of generic drugs giant Cipla,AFP - 506 words
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Article, Illustration423 2012-06-18 17 Reuters [COPENHAGEN] Chinese President Hu Jintao’s three-day visit to Denmark may ostensibly have been about signing billions worth of business deals, but a stake in Greenland’s huge mineral wealth may have been the elephant in the room. Greenland, a self-govern-ing dependency of Denmark, hasReuters; AFP - 423 words
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Article18 2012-06-18 17 Branchen Stars R1C-A 11/06/2012 135,78 EUR I db X-MACRO Trading Index Fund I4D 31/05/2012 97,02 GBP18 words
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Advertisement243 2012-06-18 17 WATS NOTICES 1 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BINTAN LAGOON RESORT LTD (In Liquidation) (Co. Reg. No: *****4481D) NOTICE OF INTENDED FIRST AND FINAL DIVIDEND FOR UNSECURED CREDITORS Name of Company BINTAN LAGOON RESORT LTD Address of Registered Office 3 Lim243 words
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WORLD
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Article, Illustration767 2012-06-18 18 Businesses quit or freeze plans, trade insurers shy away and suppliers demand cash NYT [ATHENS] No matter what happens in this weekend’s elections, Greece is rapidly becoming an isolated economy. Carrefour, the giant French supermarket and retail group, said on FridayNYT; AFP - 767 words
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333 2012-06-18 18 AFP [PARIS] French President Francois Hollande has proposed a 120 billion euro (S$193 billion) “growth pact” ahead of key talks with eurozone leaders, newspaper Le Journal du Dimanche reported yesterday. In a letter sent to fellow European leaders on Thursday, a copy of whichAFP - 333 words
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Article, Illustration446 2012-06-18 18 Collapse of the euro unit could trigger a global crisis, he adds AFP [LONDON] Outgoing World Bank president Robert Zoellick warned that Europe was facing a “Lehmans moment” and the collapse of the euro currency could trigger a global crisis, in an interview outAFP - 446 words
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Article, Illustration602 2012-06-18 18 Reuters [PARIS] France voted in a parliamentary run-off yesterday expected to hand President Francois Hollande’s Socialist party a majority and strengthen his position in legislative battles over eurozone crisis policy. A clear majority reliant neither on opposition conservatives nor eurosceptic hard leftists, as opinionReuters; AFP - 602 words
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374 2012-06-18 18 Reuters [DUESSELDORF] The owners of German chemical company Evonik are set to scrap plans for what could have been Europe’s biggest initial public offering in more than a year, four people familiar with the matter said. A string of share flotations acrossReuters - 374 words
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353 2012-06-18 18 Reuters [LONDON] Britain will order the first reactor for a new generation of nucleararmed submarines next week as part of a £1 billion (S$1.98 billion) contract with Rolls-Royce, a defence ministry source said yesterday, in a move that could strain the coalition government. TheReuters - 353 words
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Article, Illustration686 2012-06-18 19 Median wage of 200 top corporate chiefs was US$14.5m, with pay rise of 5% NYT [NEW YORK] Probably the most-heard complaint about big business these days, one seemingly tailored for the 99 per cent, is how much money corporate CEOs routinely pullNYT - 686 words
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Article, Illustration399 2012-06-18 19 Rules against giving privileged info need to be clearly defined REUTERS BREAKINGVIEWS Reuters [NEW YORK] Rajat Gupta has gone down, but insider trading may not. The guilty verdicts against the former McKinsey boss and Goldman Sachs and Procter Gamble director should scare theReuters - 399 words
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391 2012-06-18 19 NYT [NEW YORK] Wall Street’s allure may have dimmed for some of America’s sharpest young minds in recent years, but a quick look at the top of Dartmouth College’s class of 2012 shows that the appeal seems to remain strong. AtNYT - 391 words
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554 2012-06-18 20 Reuters [LONDON] The former head of Britain’s biggest mobile phone company Everything Everywhere approached private equity groups six months ago about an £8 billion (S$16 billion) buyout but found no takers, investment banking sources said. Tom Alexander, who left the France Telecom-Deut-sche Telekom jointReuters - 554 words
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612 2012-06-18 20 Carlos Slim’s America Movil buys 21% stake in Telekom Austria Reuters [VIENNA] Carlos Slim’s America Movil is spending around US$1.1 billion on a 21 per cent stake in Telekom Austria, the Mexican tycoon’s latest move to expand into Europe by scooping up theReuters - 612 words
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Article, Illustration789 2012-06-18 20 But the Brazilian govt, its controlling shareholder, says no Reuters [RIO DE JANEIRO] Petrobras, Brazil’s state-led oil company, and its latest business plan have a serious problem. The company is likely to struggle to find the cash to pay for the hundredsReuters; BLOOMBERG - 789 words
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Article, Illustration467 2012-06-18 20 Bloomberg [MELBOURNE] Rio Tinto Group, the world’s thirdlargest mining company, is conducting an organisational review that may lead to job cuts and staff relocation to reduce costs. The London-based company started the global review last year to address “escalating costsBloomberg; BLOOMBERG - 467 words
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Article, Illustration825 2012-06-18 21 Proliferation of dark pools drawing orders away from public venues Bloomberg [NEW YORK] NYSE Euronext and Nasdaq OMX Group Inc, the biggest owners of American stock exchanges, are urging US legislators to support changes to rules that caused a proliferation of broker-run marketsBloomberg; REUTERS - 825 words
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Article, Illustration557 2012-06-18 21 Bloomberg [SAN FRANCISCO] Facebook Inc, asserting a defence to lawsuits filed by investors, said Nasdaq trading errors “impaired” the pricing of shares in the social networking company’s initial public offering last month. In a request to consolidate more than 40 shareholderBloomberg; AFP - 557 words
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672 2012-06-18 21 Reuters [CHICAGO] Krishan Agarwal, president of online luxury watch vendor Melrose.com, told a roomful of attentive Internet retailers recently how Facebook had helped his company generate about 25 per cent more sales in two years. Then he dropped a bombshell: Melrose spentReuters - 672 words
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659 2012-06-18 21 Bloomberg [LONDON] When top advertising executives gather this week at the Cannes Lions festival in France, the focus of the discussion will be far away from the yachts and luxury hotels of the Cote d’Azur. Europe’s slowdown has pushed the ad agencies into faster-growingBloomberg - 659 words
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Advertisement115 2012-06-18 19 This Ride Will Go A Long Way New CC Want to own this car and also do your bit to help the community? Then bid for this Volkswagen CC 1.8 TSI. Proceeds from the auction will go to a fund that will provide one-year's worth of free copies of The115 words
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Advertisement25 2012-06-18 20 www.omy.sg mm. “2*83” i$$10,000 Vice Ring Probe ft Available ONLY on ANDROID APRON Google play SrnmiEBfllit mmmm. mx <c<' //IL iiPc9aijl^ H H ffl¥MJ3}ST'itSffsE±P5(l www.omy.sg25 words
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Advertisement26 2012-06-18 20 V Find properties in Malaysia Whether you're looking to invest or reside in a property in Malaysia, home in on a variety of choice listings. STPROPERTY.sg26 words
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Advertisement534 2012-06-18 21 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No.533 of 2012/M IN THE MATTER OF SECTION 210 OF THE COMPANIES ACT (CAP. 50) And IN THE MATTER OF SEAWAVE SHIPPING SERVICES PTE LTD (RC NO.*****7827M) And SEAWAVE SHIPPING SERVICES PTE LTD (RC No.*****7827M) NOTICE OF MEETING TO534 words
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AVIATION/SHIPPING
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Article, Illustration560 2012-06-18 22 It goes for joint development of new products with Chinese partner Bloomberg [BEIJING] Boeing Co is walking a delicate line in China between helping nurture a customer’s aerospace capability and preparing for its partner’s emergence as a rival, the planemaker’s regional chief said. A strategy ofBloomberg; BLOOMBERG - 560 words
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283 2012-06-18 22 APM Terminals buys 25% stake in project to run three berths Reuters [COPENHAGEN] APM Terminals, the ports arm of Denmark’s A P Moller-Mae-rsk, will take a one-fourth stake in a project to expand China’s Ningbo Port with total investments of 4.29 billion yuanReuters - 283 words
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530 2012-06-18 22 NYT [NEW YORK] At a time when federal and state public works programmes are stalled, the biggest airports in the United States are in the midst of major renovations or expansions that, taken together, amount to some of the largest infrastructure projects inNYT - 530 words
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Article, Illustration502 2012-06-18 22 Bloomberg [NEW YORK] Delta Air Lines Inc plans to become a seller in the US jet fuel market and push prices lower after acquiring a refinery in Pennsylvania, the airline’s chief executive officer Richard Anderson said. The company’s Monroe Energy LLCBloomberg; BLOOMBERG - 502 words
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359 2012-06-18 22 Bloomberg [LONDON] Ryanair Holdings plc, Europe’s biggest discount airline, is facing a full investigation of its 30 per cent stake in Irish competitor Aer Lingus Group plc after a UK regulator said the holding may lead to higher prices. The six-year-old minority shareBloomberg - 359 words
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Article259 2012-06-18 22 SGX '000 Jun 15 S$ +/-Vol CH Offshore 0.40 -0.02 507 Chuan Hup Hldg 0.22 unch 365 Cosco Corp 1.00 0.03 4852 s$ Ezra Hldgs 0.99 0.04 5577 First Ship Lea 0.17 unch 490 Freight Links 0.06 unch 1610 Grand Banks unch unch 0 Jaya Hold Ltd 0.56259 words
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3443 2012-06-18 27 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN3,443 words
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Page 22 Miscellaneous
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Miscellaneous337 2012-06-18 22 CRYPTIC CROSSWORD Across 1 One’s heart’s a prisoner to it (7) 5 Very descriptive of poor/rich gap (7) 9 Read about Mephistopheles rash (4-5) 10 Reject incentive point (5) 11 A way into church offering social status (5) 12 Oven-cooked grouse dish (5,4) 13 Something needed for drying out after337 words
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DINING OUT
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Article, Illustration743 2012-06-18 23 Jaime Ee - NEW RESTAURANT San Sui Contemporary Japanese Dining and Bar 3B River Valley Road #01-06, The Foundry, Clarke Quay Singapore *****1 Tel: 6336 7737 By Jaime Ee CLARKE Quay. Reverse Bungee. Gourmet cuisine. Spicy chicken wings by mini-skirted female hooties. Tourist trap. Happy Hour beer.743 words
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Page 23 Advertisements
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Advertisement778 2012-06-18 23 Available at KINOKUNIYA PROLOGUE MPH TIMES DUFRY UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday,778 words
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SINGAPORE STOCKS
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Article3150 2012-06-18 24 Week ended: Jun 15 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 123 92.5 AIMSAMPIReit 115.5 +3 2116 116 113 115 115.5 7.2 11.1 514.6 M3,150 words
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Article270 2012-06-18 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.9 -0.1 2355 2 1.8 1.9 2 25.2 Week Last Quote Div Gr Yld Net M Cap High270 words
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Article116 2012-06-18 25 Stock name Close Change CapMallsAsia 1.460 +0.035 CapitaLand 2.670 +0.050 CapitaMall 1.790 -0.005 CityDev 10.410 +0.190 ComfortDelGro 1.470 DBS Grp 13.520 +0.240 F&N 6.780 +0.070 GLP 2.120 Genting SP 1.455 +0.020 Golden Agri 0.640 +0.005 Stock name Close Change HK Land 5.550 +0.040 JMH 48.200 +0.200116 words
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Article2245 2012-06-18 25 Transaction date: Jun 15 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.50 unch 0 Aeon Stores 23.00 -0.40 14 Angang Steel 4.38 0.14 7952 Anhui Conch 22.60 0.25 9870 Anhuiexpresswa 3.22 -0.17 5278 Asia Satellite 21.65 0.10 0 Asm Pacific 93.95 0.95 285 Bank Of E Asia 26.052,245 words
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Article215 2012-06-18 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.5 28.5 AVJennings A31.5 +1.5 7 31.5 31 31 32.5 3.6 11.1 2.5 82 46 25.5 Genting HK US$ US33 unch 7370 34 32 32.5 33 2172.9215 words
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Article186 2012-06-18 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 3 1 0 0 0 12 3 1 Manufacturing 97 60 24 14 13 9 111 73 33 Commerce 28 35 13 4 5 6 32 40 19 Tpt/Stor/Comms 28 10 6186 words
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Article1084 2012-06-18 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 119.1 -0.4 42 121.9 119 119.2 119.4 543.7 122.4 122.4 CIMB APAC Div 100S$D 122.4 3 122.4 122.4 120.8 1221,084 words
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Article123 2012-06-18 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 69,689 69,689 337,579 337,579 Manufacturing 1,359,060 312,871 1,671,931 860,050 12,281 872,331 Commerce 843,704 17,561 861,265 643,563 930 644,493 Tpt/Stor/Comms 320,390 50,080 370,470 547,969 12,789 560,758 Finance 64,958 50 65,008 600,786 11 600,797 Construction 659,772 36,384123 words
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Advertisement26 2012-06-18 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. The Business Times26 words
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FINANCE & COMMODITIES
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Article632 2012-06-18 26 Jun 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8608.43 8625.19 8552.75 Sep12 8555.00 8615.00 8495.00 8555.00 ***** *****6 Dec12 8495.00 0 6424 MSCI TAIWAN INDEX FUTURES SPOT 251.86 255.47 251.86 Jun12 251.40 255.10 249.50 253.80 ***** *****2 Jul12 243.30 248.00 242.80 246.30 605632 words
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Article, Illustration123 2012-06-18 26 As on 15 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 540.20 536.75 541.30 703 CURRENCY EUR-USD FUT JUN2012 1.2640 1.2627 1.2648 32 EUR-USD FUT SEP2012 1.2659 1.2604 1.2658 1915 BASE METAL COPPER FUT JUL2012 7488 7432123 words
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Article107 2012-06-18 26 Jun 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1376.00 1386.00 1401.50 1370.50 Aug 12 1357.00 1363.75 1375.00 1351.50 Sep 12 1332.00 1334.25 1344.75 1327.00 Nov 12 1314.00 1308.75 1323.50 1306.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 48.44107 words
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Article76 2012-06-18 26 CRUDE OIL PRODUCTS Jun 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.08 -0.64 WTI (Near Mth) 84.07 1.70 Dubai (1-Mth F) 94.12 -0.85 Tapis blend 102.08 -0.46 Minas 102.98 -0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.89 0.56 Jet Kerosene 111.21 -0.39 US$/barrel OpecOil Basket76 words
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Article22 2012-06-18 26 Jun 15 S$ Bid Offer 1-month 1.2750 1.2753 2-months 1.2749 1.2753 3-months 1.2745 1.2749 6-months 1.2726 1.2733 Source: OCBC22 words
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Article64 2012-06-18 26 Jun 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1895.00 1916.25 3 months 1933.00 1954.00 Copper, Grade A(US$/tonne) Cash 7498.75 7405.50 3 months 7510.50 7420.00 Lead(US$/tonne) Cash 1911.25 1906.70 3 months 1923.00 1920.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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373 2012-06-18 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 15 Index Change Change Change Change Change Change World Preliminary 851.0 0.6 2.6 0.1 0.0 0.8 2.0 EAFE Preliminary 673.8 0.6 -1.2 0.4 -4.4 1.1 -2.6 Europe Preliminary 1005.2 0.8 -2.1373 words
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Article80 2012-06-18 26 Jun 15 COCOA (£/tonne) Close Prev High/Low Jul 12 1575 1580 1591/1573 Sep 12 1549 1561 1573/1545 Dec 12 1517 1528 1539/1515 Mar 13 1503 1512 1522/1500 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2095 2093 2106/2085 Sep 12 2106 2104 2118/2100 Nov 12 2090 2088 2100/2084 Jan 13 205880 words
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1378 2012-06-18 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 329 8.75 23 Conv Ratio Baker Technology Ltd W*****6 1 -0.6 137 1 32 20 27.50 5 Price Best World Intl Ltd W*****5 0.6 11,378 words
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Article470 2012-06-18 26 Jun 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.026 6.382 0.795 7.780 55.873 94.600 0.792 11.672 3.177 1.278 94.555 42.387 1.279 8.399 0.954 29.978 31.614 0.647 1.003 Canada 0.975 6.220470 words
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Article55 2012-06-18 26 Jun 15 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates 1 yr (S$) 0.*****55 words
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Article136 2012-06-18 26 Jun 15 GOLD(US$/oz) Jun 14 Jun 15 Hong Kong 1728.00 1632.00 Jun 15 Jun 15 Jun 14 London 1627.11 1620.34 1627.88 1621.52 CAST BAR Jun 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 160 67 5gm 454 333 10gm 812 666 20gm136 words
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Article87 2012-06-18 26 Jun 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 13-Sep-12 0.27 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.19 5-Year N*****0Z 2.375 01-Apr-17 108.96 109.10 109.03 1-Year 10-Year87 words
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Article53 2012-06-18 26 Jun 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 2810.00 812 Jul 12 2870.0 2839.00 2873.0 2838.0 326 8104 Aug 12 2881.0 2846.00 2885.0 2839.0 ***** ***** Sep 12 2884.0 2850.00 2890.0 2844.0 7455 *****53 words
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Article154 2012-06-18 26 Jun 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2781 1.2790 1.0024 1.0029 Canadian dollar 1.2456 1.2465 0.9769 0.9774 Euro 1.6087 1.6097 1.2617 1.2622 NZ dollar 0.9997 1.0003 0.7841 0.7844 Sterling pound 1.9765 1.9772 1.5502 1.5504154 words
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Article121 2012-06-18 26 As at 9am Jun 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.310 1.248 Can dollar 1.277 1.217 Euro 1.651 1.573 Sterling pound 2.024 1.947 NZ dollar 1.030 0.981 US dollar 1.297 1.248 Local dollars to 100 units of foreign121 words
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Article154 2012-06-18 26 Jun 15 $S Offer Bid 0vernight 0.10 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.24 0.14 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.00 0.80 12154 words
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Advertisement37 2012-06-18 27 Experienced sh,"p maintenance services wanted. i'nil Shipping Times? I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times37 words
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Advertisement188 2012-06-18 28 TO ADVERTISE IN The Business Times Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 I m 4 'm Highlight Your Company Anniversary I ll_188 words
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Page 29 Advertisements
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Advertisement28 2012-06-18 29 SINGAPORE'S HOTTEST HITS T LVh V Si Vtl H il 2 zz^'vrX?x li I M m ii s: HEAR JUSTIN BIBBER’S HOTTEST HITS ON 31.3FM [SMI TWITS BtilUUSC28 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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BizIT
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Article, Illustration587 2012-06-18 29 CLEMENT TEO - A common security breach usually occurs from within the organisation, reports CLEMENT TEO reportsCLEMENT CLEMENT TEO NEWS of the recent LinkedIn security breach that compromised 6.4 million user accounts must have sent shivers down the spines of users who heavily make use of the website.587 words
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Article, Illustration583 2012-06-18 29 TIMOTHY LOH - Two venture capital firms have invested $1.5m into YFind By TIMOTHY LOH YFIND Technologies has come a long way since it was incorporated by cofounders Melvin Yuan, Ting See Ho, and Han Yang in October 2010, as a company focusing on “indoor location positioning”583 words
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Article, Illustration752 2012-06-18 29 NYT [NEW YORK] For decades, Microsoft has made the software that runs the majority of the world’s personal computers, leaving a gang of outside hardware companies to design the machines. Apple, its rival, makes it all. Microsoft is about to concede that AppleNYT; AP - 752 words
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what’s up
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Article39 2012-06-18 29 VICTOR Thu is the new product marketing director for VMware’s end-user computing business in the Asia-Pacific and Japan region. He joins VMware from Citrix Systems, where he was product marketing manager for Asia-Pacific.39 words
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Article38 2012-06-18 29 WESTERN Digital has launched the 1TB version of its internal hard disk drive, VelociRaptor. It is aimed at high performance workstations and is touted to perform 25 per cent faster than its previous generation.38 words
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Article42 2012-06-18 29 DELL has refreshed its Latitude and OptiPlex business laptops and desktops series. The Latitude laptops start from $1,348 and OptiPlex desktops from $1,069. Additionally, a new entry-level tower workstation called the T1650 is now available from $1,799.42 words
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Article38 2012-06-18 29 CANON’S new pancake EF40mm f/2.8 lens is available for $299. The lens boasts the company’s stepping motor technology, to allow it to smoothly and silently focus useful for continuous autofocus in video captures.38 words
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Article, Illustration34 2012-06-18 29 VICTORIA HO - Compiled by VICTORIA HO SAMSUNG’S Galaxy Tab 2 10.1 (above) was released over the weekend. The tablet is available at $798 without contract and allows voice calls to be made.34 words
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363 2012-06-18 29 Xinhua [SAN FRANCISCO] Facebook’s chief technology officer (CTO) Bret Taylor announced on Friday that he will leave the social networking giant later this summer to start another company. “While a transition like this is never easy, I’m extremely confident in the teams andXinhua - 363 words
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Article, Illustration964 2012-06-18 30 VICTORIA HO - The same concepts used in video games can go a long way in boosting employee morale and productivity as VICTORIA HO finds out from Suhas Kelkar, BMC’s chief technology officer for Asia-Pacific VICTORIA HO COMPANIES often dangle incentives and benefits in front of employees964 words
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270 2012-06-18 30 Bloomberg [SAN FRANCISCO] Microsoft Corp, the world’s largest software maker, has agreed to purchase Yammer Inc, operator of a social network for businesses, for US$1.2 billion, said a source. The deal is expected to be announced by the end of June. Microsoft couldBloomberg - 270 words
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Article, Illustration726 2012-06-18 30 Traditional services are slowing and new frontiers opening INDUSTRY transformation is almost never a revolutionary but rather an evolutionary one. Telcos across the region have gradually embraced and deeply recognised the larger opportunities around them and have begun to modernise themselvesREUTERS - 726 words
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Advertisement126 2012-06-18 30 Braadcasthsia2012 www.Broadcast-Asia.com Asia's most focused dedicated exhibition for the Film TV industries happening at Suntec Singapore from 19-22 June 2012 BroadcastAsia 2012 Asia's most established technology showcase for the Film, TV, Broadcasting and pro-audio industries continues to evolve and move beyond broadcasting to highlight the convergence of technologies and solutions126 words
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