The Business Times, 3 March 2014

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Microfilm: NL33074
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, March 3, 2014
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  • Article, Illustration
    Lock icon Competition in commodity trade financing heating up
    954 1  -  Newer Asian entrants muscling in on sector dominated by European banks By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Competition in the commodity trade finance sector in Singapore is stiffening. Continued growth in commodity trade flows into Asia, coupled with banking regulations, is fuelling a rise
    PHOTO: BLOOMBERG  -  954 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      57 1 Weekly Change ST INDEX 3,110.78 +10.85 KL COMP 1,835.66 +4.92 NIKKEI 225 14,841.07 -24.60 HANG SENG 22,836.96 +268.72 SET INDEX 1,325.33 +21.12 JAKARTA COMP 4,620.22 -25.93 MANILA COMP 6,424.99 +116.63 SEOUL COMP 1,979.99 +22.16 SHENZHEN B 830.11 -20.58 MUMBAI IND 21,120.12 +419.37 DOW 16,321.71 +218.41 NASDAQ 4,308.12 +44.71 S&P
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 14.896 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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    • Article
      Lock icon FOREX
      49 1 US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.673 2.120 EURO (US$/S$/€ 1.372 1.738 Foreign currency per US$ S$ YEN 101.70 80.20 RM 3.279 2.587 HK$ 7.761 6.124 BAHT 32.65 25.76 RUPIAH 11,615 9,165 RENMINBI 6.149 4.852 INDIAN RUPEE 62.04 48.95 A$ 1.116 0.880 NZ$ 1.190 0.939
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  • Article, Illustration
    Lock icon Top execs praise Budget but also see limitations
    631 1  -  More could be done about self-compliance and to attract MNCs By KENNETH LIM By kenlim@sph.com.sg [SINGAPORE] Singapore’s top executives praised the 2014 Singapore Budget’s proposed measures to improve productivity and innovation, but also noted areas where more could be done. “What stood
    PHOTO: YEN MENG JIIN  -  631 words
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      97 1 BizIT Opening a new Window into Android TOPLINE AA Reit staying focused on Singapore PAGE 5 PAGE 27 BOARDROOM MATTERS Enter the digital director PAGE 5 DINING OUT Asian spin on Japanese fare PAGE 21 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg.
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      9 1 Views From The Top: Something for everyone, Pages 10-11
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      473 2 Competition in commodity trade financing heating up COMPETITION in the commodity trade finance sector in Singapore is stiffening. Continued growth in commodity trade flows into Asia, coupled with banking regulations, is fuelling a rise in the use of structured inventory financing in Asia. FRONT PAGE Top execs praise
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    • Article, Illustration
      Lock icon Inventory financing: bright spot amid commodity jobs
      860 2  -  Physical commodity trading, structured inventory financing expertise wanted By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] In the dismal job market for the commodity sector, inventory financing has been a rare bright spot. Pressured under the weight of increased scruti- ny and tighter regulations, banks have
      ST FILE PHOTO  -  860 words
    • Article
      Lock icon Banking CEOs more upbeat about revenue growth outlook
      454 2  -  Over 70% see cyber security as threat to growth prospects By GENEVIEVE CUA gen@sph.com.sg [SINGAPORE] Chief executive officers (CEOs) in the finance and capital markets sector are markedly more buoyant over the prospect of revenue growth over the next three years. This
      454 words
    • Article
      Lock icon Profits for Q4 up, but full-year FY13 slower
      684 4  -  Most companies improve; those with stronger results for 2013 ahead 228-174 By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Singaporelisted companies with December year-ends continued to report growth overall in last-quarter 2013, but profits slipped for the full year, according to preliminary data compiled by
      684 words
    • Article, Illustration
      Lock icon Riding with the Business Cycles
      494 4  -  b Y jairakoh@sph.com.sg JAIRA KOH jairakoh@sph.com.sg [SINGAPORE] Four teams under the banner “Business Cycles” will be representing The Business Times in the third iteration of its namesake Charity Challenge cycling event, a part of OCBC Cycle Singapore 2014. The four-cyclist teams will be racing in
      PHOTO: YEN MENG JIIN  -  494 words
    • Article, Illustration
      Lock icon US stock market shrugs off weak economic data
      886 4  -  Status quo likely to continue, barring an international war WALL STREET INSIGHT By ROB CURRAN THIS week, the US stock market will most likely continue to bounce around near record highs as traders try to ascertain if the recent wave of weak
      PHOTO: BLOOMBERG  -  886 words
    • Article
      Lock icon Ukraine prepares for war with Russia, mobilises reservists
      587 4 Reuters AFP [KIEV] Ukraine mobilised for war yesterday, after Russian President Vladimir Putin declared that he had the right to invade, creating the biggest confrontation between Moscow and the West since the Cold War. “This is not a threat: this is actually
      Reuters; AFP  -  587 words
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      286 2 I walk in the footsteps of greatness. It*s my choice. Open House 22 March 2014, i2~5pm Kaplan City Campus Wilkie Edge -•ft m > >. .V; •r> *•< s’ 7 *1 7 i. I :»*.w’ I In collaboration with AACSB and AMBA accredited University of Hull Business School, Kaplan offers
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      729 3 4 Vj. A N A A How Watson helps answer big questions with Big Data. Since Jeopardy!, Watson has become 75 percent smaller and 240 percent faster, and it can now operate from a single server. V' 1 It runs on 20 watts. It’s smaller than a shoebox. It's the
      729 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Staying focused on S’pore
      1402 5  -  Koh Wee Lih, chief executive of AA Reit’s manager, is cautiously optimistic about the outlook for its properties, reportsFELDA TOPLINE FELDA CHAY feldac@sph.com.sg WITH Singapore property firms all clamouring into overseas markets like Australia, it comes across as a little strange that AIMS AMP Capital Industrial
      PHOTO: ARTHUR LEE  -  1,402 words
    • Article, Illustration
      Lock icon Enter the digital director
      843 5  -  It is important for companies to have tech-savvy members on their boards, says ROBERT CHEW ROBERT CHEW The writer is a member of the Governing Council of the Singapore Institute of Directors MANY boards seek diversity in their membership. They endeavour to ensure the right mix
      PHOTOS: REUTERS, AFP  -  843 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Some trading ideas for a lethargic market
      768 6  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent WALL Street’s S&P 500 has gained 4.3 per cent last month (its best performance for a February in 16 years), and closed at an all-time high. Whether it was window-dressed like the Straits Times Index was on
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    • Article, Illustration
      Lock icon Wake up, it’s time for a coffee perk-up
      542 6  -  COMMODITIES VANESSA TAN The writer is an investment analyst with Phillip Futures. IN 2011, Arabica coffee entered a long-term downtrend, mainly weighed by the oversupplied coffee market. With a surplus of production, as well as favourable crops in key coffee producing countries,
      542 words
    • Article
      Lock icon Rupiah leads gains in Asia on Fed outlook
      487 6 CURRENCIES Bloomberg [JAKARTA] Indonesia’s rupiah led a rally in Asian currencies last month, posting its biggest gain since 2009, as signs of the US economy losing momentum fuelled speculation that the Federal Reserve will cut stimulus more slowly. Twenty of 24 emerging-market
      Bloomberg  -  487 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP DBXT EONIA 5US$ ***** 1055.2 4.5 SPDR DJIA 10US$ ***** 1017.2 5.2 Lyxor Indonesia10US$ 8151 671.4 7.0 DBXT Nifty 10US$ ***** 547.3 4.4 SPDRS S&P 500 10US$ ***** 462.4 2.0 IS DJ US Tech 9007 406.6 3.7 DBXT iBoxxUSTr 5US$ ***** 309.1 1.2 IS S&P500
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    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -438.0 -1.8 DBXT AUDCS 5US$ ***** -247.0 -1.0 Lyxor ThaiSET 10US$ ***** -181.2 -1.2 DBXT USDIGInfl 5US$ ***** -176.1 -0.5 DBXT S&P Short 10US$ 2576 -51.9 -1.6 DBXT CSI300 10US$ 645 -41.8 -4.9 UOB 2063 -27.0 -1.3 DBXT MSINDO 10us$ 1294
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1536 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 10.12 13.09 1.66 1.34 Amtek Engineering Ltd 2.50 3.00 2 0.05 8.28 0.57 0.53 ARA Asset Management Ltd 2.29
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 WEEKLY
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Feb 28 VALUE CLOSE BT OB/OS 211.00 -35.00 BT CADI -*****.00 -33.00 BT 10-day MA -*****.00 +21.00 FTSE ST Mid Cap 715.22 +0.43 FTSE ST Small Cap 532.51 +0.56 FTSE ST All Share 755.81 +2.72 FTSE ST China Top 197.76 -0.77 FTSE ST China 225.96 -0.96 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Transcu Grp 915,756,000 HanKore 583,113,000 Albedo 488,423,000 SingHaiyi 404,013,000 KLW Hldgs 335,312,000 AdvanceSCT 328,520,000 Mirach Energy 271,138,000 Otto Marine 235,974,000 Golden Agri 231,708,000 Vallianz Hldgs 213,572,000 VALUE($) DBS Grp 312,176,922 SingTel 289,009,578 UOB 226,547,725 Wilmar 199,769,059 OCBC Bk 193,336,745 Keppel Corp 141,372,952 Genting SP 130,490,650 Golden
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      Lock icon Page 6 Advertisements Column 1
      103 6 Ask the Commodities Experts Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) W At Phillip Futures www.phillipfutures.com.sg *****500 futures@phillip.com.sg Co. Reg. No: *****5695G 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 Email: futures@phillip.com.sg The above information does not constitute an investment advice, an offer/solicitation
      103 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Purchases down, sales and buybacks go up
      1440 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THERE was less buying and more selling among directors in the last week of February. Singapore Exchange filings in that week showed nine companies recording 17 purchases with a value
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      116 7 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind
      116 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Go to vending machines for Japan products
      516 8  -  These machines are located at The Cathay, Liang Court and 100AM mall in Tanjong Pagar By JAIRA KOH jairakoh@sph.com.sg SINGAPOREANS who cannot get enough of Japanese products and high-tech gizmos can now take in a novel shopping experience from the Land of the
      PHOTO: ARTHUR LEE  -  516 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1792 8 Payment Ex Rec Pay Ann (cts) date date date date AEI Corp an 0.500 05-May 07-May 15-May 27-Feb AIM ak 0.160 06-May 08-May 20-May 26-Feb AIMS Prop Securities (Sep-Dec 13) ct 0.150 27-Dec 31-Dec 21-Mar 18-Dec AIMSAMPI Reit (1 Oct-31 Dec 13) ag 2.770 06-Feb 10-Feb 27-Mar 29-Jan
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    • Article, Illustration
      Lock icon Taking Heart
      417 8  -  By tanmindy@sph.com.sg |L'A|ln‘|I)'IMn‘l tanmindy@sph.com.sg Walk for charity on March 8 THE Singapore Hokkien Huay Kuan (SHHK) will be organising its inaugural charity walk on March 8 with the aim of raising $50,000 for two charities Jamiyah Children’s Home and Very Special Arts Singapore. The event, which is spearheaded
      417 words
    • Article
      Lock icon COMPANY MEETINGS
      154 8 COMPANY MEETING PLACE DATE TIME GSH Coprn E GSH Centre 11 Changi North Way 03-Mar 2.30pm TriTech Group E 31 Changi South Ave 2 03-Mar 10.00am Adventus Hldgs E NUSS Kent Ridge Guild House 9 Kent Ridge Drive 07-Mar 10.00am Miyoshi Precision E No. 5 Second Chin Bee
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    • Article
      Lock icon PRIME LENDING RATES
      280 8 Feb 28 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd ANZ Singapore Bank of China Limited 5.50 Bank of Communications 5.50 ...6.00 Bank of China Limited Bank of Taiwan Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a Barclays Bank
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    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (Feb 28, 2014)
      278 8 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.07.2014 NX*****F 2004 3 5/8 5800.00 1/1 1/7 58 101.14 0.27
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Financial survival for older parents
      1349 9  -  Saving for retirement should be more important than saving for children’s college expenses, reportsLEWIS LEWIS BRAHAM Bloomb erg WHEN Barrow Barre quit her job as a pathologist in New Orleans to raise her newborn twins, the 37-year-old told her husband Gregg he’d have to start
      Bloomberg; PHOTO: BLOOMBERG  -  1,349 words
    • Article, Illustration
      Lock icon The rising costs of an overseas education
      1142 9  -  Some parents may want to explore all possible options before sending their children abroad for their studies MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg Correspondent TYPE in “college costs” on Google, and you get suggested search options like: “college costs too much” and “college costs
      PHOTO: BLOOMBERG  -  1,142 words
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      114 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Something for everyone
      4839 10 THIS WEEK’S TOPIC What stood out in the 2014 Budget for your company or industry? What more can or should be done to meet specific business or socio-economic needs at this juncture? Max Loh Country Managing Partner Ernst Young LLP THE Pioneer Generation Package is a defining
      FILE PHOTO  -  4,839 words
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      11 11 For the complete list of views from CEOs, go to http://businesstimes.com.sg
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      70 11 Explore new worlds in every bite Go on gourmet adventures with each course from our regionally inspired menus. From Asian delicacies like teriyaki salmon to traditional South American calabaza soup. Savour global flavours that take you places. emirates.com/sg Chauffeur-drive service in over 55 cities Relax in the luxury of our
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  • MALAYSIA
    • Article
      Lock icon Felda to strike deal to buy plantation co
      332 12 Plantation group said to offer S’porebased APL RM50,000 per hectare [KUALA LUMPUR] FELDA Global Ventures Holdings Bhd (FGV) is hot on the trail of another round of landbank acquisitions this year. The cash-rich plantation conglomerate is believed to have set its sights
      332 words
    • Article
      Lock icon 7-Eleven Malaysia delaying IPO until May: sources
      355 12 Convenience store operator updating financial accounts Reuters [KUALA LUMPUR] 7-Elev-en Malaysia Holdings Bhd will postpone its initial public offering (IPO) from this month until May at the earliest because the convenience store operator is updating its financial accounts, two people with knowledge of
      Reuters  -  355 words
    • Article
      Lock icon 1 Malaysia wins bid to build power plant
      348 12 Deal will help make SWF’s impending IPO more attractive Reu ters [KUALA LUMPUR] Sovereign wealth fund 1 Malaysia Development Bhd (1MDB) has won a major government tender to build a power plant, which will help make an up to US$2 billion IPO
      Reuters  -  348 words
    • Article, Illustration
      Lock icon Analysts bullish, with ‘buy’ calls on Maybank
      434 12 [KUALA LUMPUR] Maybank’s financial year 2013 (FY13) results meet analysts’ expectations, and this attracts “buy” calls from them. Analysts at Alliance Research have kept the earnings estimates for the banking group with an unchanged target price of RM11.70 (S$4.52), the Business Times in
      PHOTO: REUTERS  -  434 words
    • Article
      Lock icon BURSA MALAYSIA
      1394 12 VOL Feb 28 RM +/-(‘000) Abric Bhd (‘000) Advance Synerg 0.15 -0.01 1046 Adventa Bhd unch Ae Multi Hldgs 0.23 unch 666 Affin Holdings 4.11 0.01 168 Ahmad Zaki Res -0.02 Airasia Bhd 2.55 0.07 ***** Alliance Finan 0.15 Aluminium Co unch unch 0 Amalgamated In Amcorp Pro
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      21 12 MARCH ISSUE OUT NOW! NOW AVAILABLE IN DIGITAL EDITION FOR TABLETS AND SMARTPHONES! 50%OFF1-YEAR DIGITAL SUBSCRIPTION DOWNLOADTORQUESINGAPORE FROM THESE PLATFORMS: WWW.TORQUE.COM.SG
      21 words
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      Lock icon Page 12 Advertisements Column 2
      205 12 <3. -L Many people trade in stocks but how many can enter a trade with confidence and achieve profits consistently? In an increasingly uncertain and volatile investment environment, picking the right stock, entering at the right level and having the discipline to walk away from an unprofitable trade are the
      205 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s Dec quarter GDP up a disappointing 4.7%
      857 13 Country’s recovery likely to be delayed by national elections in April and May NYT [NEW YORK] India’s economy grew 4.7 per cent in the three months ended December from the same period a year earlier, government data showed, evidence that the economic
      NYT; PHOTO: REUTERS  -  857 words
    • Article
      Lock icon UBS Wealth, Templeton buy China property firms
      692 13 They cite record low valuations amid weak sentiment Bloomberg [SHANGHAI] The rout in China developers that sent valuations to record lows is spurring UBS Wealth Management and Templeton Emerging Markets Group to say it’s time to buy. While some investors are concerned that
      Bloomberg  -  692 words
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      74 13 THREE TIMES A LADY PENNY LOVER MY LOVE BALLERINA GIRL STILL OH NO HELLO SAY YOU, SAY ME DANCIN'ON THE CEILING ALL NIGHT LONG w i jp El j s ALL THE HITS ALL NIGHT LONG h. R T i TICKETS NOW! TUSKESEE f SR 'TUSKEGEE' AVAILABLE NOW f UnusualEntertainment
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      158 13 yCWSr-J i t\ k 15 U1AMKP AllBi m GMi Join Master Trader GM Teoh and MetaStock Expert Dave Osmond for a special 4-hour live training seminar on March 8,2014. FREE to the public! Traders! Make the Year of the Horse your best ever. Learn how to become a Master Trader
      158 words
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  • WORLD
    • Article, Illustration
      Lock icon Mt.Gox’s fall: calls for Japan govt action
      718 14  -  Authorities should warn of Bitcoin dangers even if they have no jurisdiction By ANTHONY ROWLEY in Tokyo THE collapse of the Mt.Gox Bitcoin exchange in Tokyo has revealed not only the risks of computer-based virtual currency systems but also the apparent inability of
      PHOTO: REUTERS  -  718 words
    • Article
      Lock icon Abenomics not working in public work projects
      950 14 Many firms won’t invest in equipment or hire workers Reuters [TOKYO] When Tokyo asked for bidders to build what is expected to be the world’s largest fish market on the city’s vacant eastern edge there were no takers. In a graphic illustration of
      Reuters  -  950 words
    • Article, Illustration
      Lock icon Citigroup uncovers fraud at Mexico unit
      709 14 NYT Bloomberg [NEW YORK] At the helm of Citigroup for just a year and a half, Michael Corbat has been trying to transform a global giant that has been plagued in the past by blowups and bailouts into a boring bank. Now a scandal
      NYT; Bloomberg; PHOTO: BLOOMBERG  -  709 words
    • Article, Illustration
      Lock icon Fed rate hikes likely to destabilise market
      809 15 The longer rates are kept near zero, the bigger the economic risks, economists warn Reuters [NEW YORK] Financial market turbulence will likely return when the Federal Reserve decides to hike interest rates, top US economists said in a paper that warns of the
      Reuters; PHOTO: AFP  -  809 words
    • Article
      Lock icon US budget to help poor but avoid raising deficit
      570 15 Obama limited in ability to offer bold new initiatives due to 2011 accord with House Republicans Reuters [WASHINGTON] President Barack Obama will unveil a budget this week that seeks to boost spending on new initiatives such as road repairs, education programmes
      Reuters  -  570 words
    • Article, Illustration
      Lock icon After missing target, Buffett shifts Berkshire goal post
      646 15 Bloomberg [NEW YORK] Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc, has changed the standard by which he measures performance after falling short of his target for the first time in decades. A gauge of Berkshire’s net
      Bloomberg  -  646 words
    • Article
      Lock icon Australia seen as Asia’s top importer of oil products
      467 15 Global oil traders buying its storage tanks, terminals Reuters [MELBOURNE] Australia is turning into a playground for global oil traders, who are snapping up storage tanks and terminals as they bet on it to become Asia’s top importer of oil products
      Reuters  -  467 words
    • Article, Illustration
      Lock icon West can’t do very much about Putin’s threat
      685 16 Russia is showing aggression and the Europeans can’t deal with it: analyst Bloomberg [BERLIN] Russian President Vladimir Putin’s threat to invade Ukraine poses one of the biggest dangers to regional security since the Berlin Wall fell. Analysts say there may not be
      Bloomberg; PHOTO: AFP  -  685 words
    • Article
      Lock icon Ukraine’s not so favourable history with IMF
      546 16 Bloomberg [WASHINGTON] The International Monetary Fund has extensive experience lending to Ukraine in recent years. It’s not a track record favouring the country as it seeks aid to stave off default. Twice since 2008, the IMF froze loans to the former Soviet republic
      Bloomberg  -  546 words
    • Article
      Lock icon Natural gas no longer Russia’s trump card
      722 16 Changes in energy trends blunt natural gas weapon WP [WASHINGTON] While Russia flexes its military might at its Black Sea naval base in Crimea, Moscow has another weapon that it has wielded against Ukraine in the past: natural gas supplies. Russia provides more
      WP  -  722 words
    • Article
      Lock icon ECB may not cut rates for now: analysts
      478 16 Weak inflation proving to be a headache for European Central Bank AFP [FRANKFURT] The eurozone’s stubbornly low inflation could persuade the European Central Bank (ECB) to cut its interest rates again, but analysts are divided whether it will actually do so when
      AFP  -  478 words
    • Article
      Lock icon ECB needs 770 supervisors for new watchdog
      829 17 It’s leaning on EU govts to find the market experts it needs by November Reuters [FRANKFURT] German banker Korbinian Ibel gave up a company car and took a pay cut to seize the chance to join a new organisation that could play a
      Reuters  -  829 words
    • BRIEFING
      • Article
        Lock icon China to clamp down on terrorist activities
        137 17 Bloomberg [BEIJING] China’s President XI Jinping ordered a crackdown on “violent terrorist activities” after 33 people died when knife-wielding assailants rampaged through a train station in a south-western city on Saturday. Local authority officials in Kunming, capital of south-west Yunnan province, said evidence
        Bloomberg  -  137 words
      • Article
        Lock icon Consortium to buy 2 Indian power plants
        124 17 Reuters [ABU DHABI] A consortium led by Abu Dhabi National Energy Co (TAQA) has agreed to buy two Indian hydroelectric power plants from Jaiprakash Power Ventures in a deal worth about US$1.6 billion, TAQA said yesterday. The group will spend US$616 million on
        Reuters  -  124 words
      • Article
        Lock icon Novartis rules out merger with Roche
        152 17 Reuters [ZURICH] Swiss pharma group Novartis will work more closely with rival Roche but rules out a merger, its chairman said yesterday. Asked whether the two companies wanted to stay independent, Joerg Reinhardt, who took over as Novartis chairman in August, told Swiss newspaper
        Reuters  -  152 words
    • Article, Illustration
      Lock icon Thailand’s poll re-runs go smoothly
      486 17 120,000 registered to vote yesterday: Election Commission AFP [BANGKOK] Thailand’s first poll re-runs passed peacefully yesterday following a widely disrupted general election, as pro-govern-ment “Red Shirts” stepped up rallies in support of Prime Minister Yingluck Shinawatra’s battered administration. The Feb 2 election failed to ease
      AFP; PHOTO: AFP  -  486 words
    • Article
      Lock icon Iran may become top natural gas importer by 2025
      427 17 Reuters [DUBAI] Iran is on course to become the world’s largest importer of natural gas by 2025 unless it can rein in rampant domestic demand, the head of research at the country’s energy ministry told a conference in Teheran. Iran sits
      Reuters  -  427 words
    • Article
      Lock icon Investors see Russia, Nigeria as next victims of EM crisis
      705 18 After ‘Fragile Five’ last year, markets may now target commodity exporters Reuters [LONDON] Investors are marking Russia and Nigeria, where current-account surpluses and reserves are slowly eroding, as the next likely victim of the rolling emerging-market (EM) crisis, as well
      Reuters  -  705 words
    • Article, Illustration
      Lock icon Default fears rising for high-yielding bonds from Venezuela, Argentina, Ukraine
      765 18 Trio plagued by higher political tension, falling central bank reserves Reuters [LONDON] High-yielding dollar bonds from Venezuela, Argentina and Ukraine, once at the core of most emerging debt portfolios, are deep in the red, leaving investors scrambling for the returns
      Reuters; PHOTO: AFP  -  765 words
    • Article, Illustration
      Lock icon Currency’s fall threatening Argentina social safety net
      360 18 Re uters [BUENOS AIRES] A sharp currency devaluation in Argentina last month has worsened one of the world’s highest inflation rates, threatening to unravel a generous social safety net at the heart of President Cristina Fernandez’s economic policies. One in four Argentine families
      Reuters; PHOTO: REUTERS  -  360 words
    • Article
      Lock icon Relative unknown set to lead Nigeria central bank
      371 18 This follows removal of outspoken former governor AFP [LAGOS] Nigeria has lined up a relative unknown to head its central bank after the outspoken former governor was suspended, causing shockwaves in Africa’s second-largest economy and markets to wobble. Zenith Bank boss Godwin
      AFP  -  371 words
    • Article
      Lock icon SEC probing bond sales by Goldman, Citi: report
      173 18 Bloomb erg [NEW YORK] The US Securities and Exchange Commission is reviewing how Goldman Sachs Group Inc, Citigroup Inc and other banks allocate corporate-bond sales, the Wall Street Journal reported. The SEC sent requests for information in the fourth quarter of 2013,
      Bloomberg  -  173 words
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      880 14 »AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NeoVision Overseas Holdings Ltd Company No. *****39 (in voluntary liquidation) NOTICE is hereby given, in accordance with the BVI Business Companies Act, 2004 that the above named company, is in voluntary liquidation. The voluntary liquidation commenced on 24th February 2014 and Chan
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      329 14 NVG Group Ltd. (In Voluntary Liquidation) Company No. *****94 NOTICE is hereby given pursuant to Section 204 (1), subsection (b) of the BVI Business CompaniesAct, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 20th January, 2014. The Liquidator is Mr. Kundanda Ali Mohammad Rafeeq, ofAbraj
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      2055 15 >®' WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices f>ys QIAN HU CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Numbed *****124N) *HU NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of the Company will be held at No. 71 Jalan
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      124 16 Myanmar o Civil Aviation Development Conference 2014 24 26 March 20 1 4 I Yangon, Myanmar Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. Terms and conditions apply To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or
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      15 16 www.omy.sg r m St J 1-fmQR code VOTE NOW! Voting on all platforms I sgeawards.omy.sg
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      121 17 11 ers trave hotWe ,S PACKED wTH GREflT mEWS *n» oEALS! download The sgtravellers app now! Brought to you by SPH, the easy-to-use sgtravellers app spins more exciting travel yarns with its new Luxe Travel chapter featuring stories and pictures as never seen before! In addition, you will be absorbed
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      92 18 tpORf*. SIS ASIA’S LARGEST Educational Kid W Fair mwim* 21-23 MARCH 2014 SINGAPORE EXPO HALL 5 r 11AM-9PM FREE ADMISSION 1 ALL READY TO SEE EMMET FROM THE LEGO MOVIE? Meet them at SmartKids Asia for FREE! Join us for 3 full days of fun activities, enrichment and more! Emmet
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      5 18 NOW! *****620 or Email: sales@exhibitsinc.com.sg
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      286 19 THE STRAITS TIMES WHEREVER YOU ARE LIFE'S A REWARD WHEN YOU SUBSCRI BE TO US GET THESE EXCITING GIFTS WHEN YOU SUBSCRIBE TO THE STRAITS TIMES! ALL-IN-ONE PRINT ONLINE TABLET SMARTPHONE Select a Plan and Pick Your Gift 3 YEAR PLAN m FULLY REDEEMED nexusio i n Y Q 5
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  • AVIATION/SHIPPING
    • Article
      Lock icon United sees drop in Q1 revenue from winter storms
      358 20 Bloomberg [DALLAS] United Continental Holdings Inc said winter storms that forced the cancellation of more than 22,500 flights will erode a benchmark revenue gauge this quarter at the world’s second-largest airline. Revenue for each seat flown a mile will drop by
      Bloomberg  -  358 words
    • Article
      Lock icon Qantas may recover from decline if Canberra relents
      825 20 Airline’s nosedive offers its CEO best chance to steer it to long-term growth Reuters [SYDNEY] Whether through error or circumstance, Qantas Airways Ltd’s spectacular fall from grace is giving chief executive Alan Joyce his best chance of steering the airline towards long-term
      Reuters  -  825 words
    • Article, Illustration
      Lock icon Up to 7.1% pay rise for MI pilots under SilkAir-Alpa-S accord
      521 20  -  Collective Agreement signed over a month ahead of its expiry By DAVID ELIATHAMBY The writer is an airline pilot SILKAIR and the SilkAir (MI) branch of the Air Line Pilots Association Singapore (Alpa-S) concluded the Collective Agreement (CA) 2014
      FILE PHOTO  -  521 words
    • Article
      Lock icon TRANSPORT STOCKS
      245 20 SGX '000 Feb 28 S$ +/-Vol Ch Offshore 0.41 unch 69 Chuan Hup Hldg 0.26 unch 150 Cosco Corp 0.69 unch 718 Cwt Limited 1.32 0.01 332 Ezra Hldgs 1.07 unch 878 First Ship Lea Grand Banks...............0.22 unch 35 Jaya Hold Ltd 0.77 unch 3051 K1Ventures 0.20 unch
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    • Article
      Lock icon US regional carriers face pilot shortage amid new FAA rules
      310 20 Reuters [WASHINGTON] US regional airlines have a hard time finding pilots because of low wages and new rules mandating more experience for entry-level aviators, according to a government study. The US Government Accountability Office (GAO), which analysed data on pilots
      Reuters  -  310 words
    • Article
      Lock icon Deal reached on delayed Panama Canal project
      420 20 Reuters [PANAMA CITY] The Panama Canal and a Span-ish-led consortium expanding the major maritime artery have reached a preliminary deal to complete work on a project that has been delayed in a dispute over US$1.6 billion in cost overruns, the canal’s administrator said
      Reuters  -  420 words
    • Article
      Lock icon IAG group back in the black
      259 20 AFP [LONDON] International Airlines Group soared back into net profit last year on a strong performance from its British Airways unit and from recently-acquired Spanish budget carrier Vueling, the company said. Profits after tax stood at 122 million euros (S$214 million) last year, IAG
      AFP  -  259 words
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      23 20 Investments by Singapore companies in Australia's commercial properties increased 20%last year increased I 20% I To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      300 20 CRYPTIC CROSSWORD Across 1 Gloomy doctor has run around with outbreak of flu (8) 6 One has gathered wood for burning (2,4) 9 Ring master? (6) 10 Many a creature’s seen in a wood (8) 11 A few will have disturbed rest in part of south-west England (8) 12 About
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  • DINING OUT
    • Article, Illustration
      Lock icon Asian spin on Japanese fare
      688 21  -  Kiku, a kappo eatery, tries to ace a fusion menu that proves to be quite the challenge, writes JAIME EE writesJAIME writesJAIME EE jaime@sph.com.sg NEW RESTAURANT Kiku 21 Duxton Road, tel: 6225-5567 Open for lunch and dinner daily: Mon to Sat: 12pm to 11pm; Sun:
      PHOTOS: JAIME EE  -  688 words
    • Article, Illustration
      Lock icon Steakhouse lacks heft in menu
      517 21  -  –By JAIME EE NEW RESTAURANT Wakanui Grill Dining 70 Boat Quay, tel: 6438-6321 Open for dinner Mon to Sat: 6pm to 10.30pm IF Wakanui Grill were a person, he or she would be a fashion victim the kind who spends everything on fancy clothes but
      PHOTOS: WAKANUI GRILL DINING  -  517 words
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      258 21 O M I I- jw* m w 1 l .^Ht Around The World in g-Glee Plates Take an epicurean excursion across continents in the Global Plates of Pleasure 8 gourmet creations designed to encapsulate the essence of destinations of the Pacific Rim that will leave you gleeful. Highlights include with
      258 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3432 22 Week ended: Feb 28 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 11.5 7 AEM 14 10.5 8Telecom M Cap High 25.5 23 AIMSAMPI Reit R........................24 2455 25.5
      3,432 words
    • Article
      Lock icon SGX CATALIST
      832 23 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 $mil 37 21 t 3Cnergy 500 S' 'rs'® 2 '3S '=33 "***** 'ssjgsrsr' 'S3 ■'S "p3HS "5 ■$'*****3333 "S' 2.2 0.9 t Advanced System 0.9
      832 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 23 Stock name Close Change CapMallsAsia 1.790 -0.010 CapitaLand 2.850 CapitaMall 1.900 -0.010 CityDev 9.390 +0.050 ComfortDelGro 1.930 -0.030 DBS Grp 16.520 +0.120 GLP 2.830 +0.010 Genting SP 1.345 -0.010 Golden Agri 0.555 -0.010 HK Land 6.270 -0.090 Stock name Close Change HPH Trust US$ 0.625 +0.005
      119 words
    • Article
      Lock icon STOCKS ASIA
      1960 23 Transaction date: Feb 28 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 4.87 0.08 7120 Anhui Conch 28.30 -0.30 ***** Anhuiexpresswa 3.98 -0.02 573 Asia Satellite 33.80 0.20 26 Asm Pacific 70.30 0.05 523 Avic Ihl unch 0 Baiyunshan Ph 4.87 Bank Of China 3.26 -0.03
      1,960 words
    • Article
      Lock icon GLOBALQUOTE
      264 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61.5 34.4 AVJennings A61.5 +3.5 52 61.5 58.5 59 62 3.6 5.7 5 227.7 52 35.5 Genting HK US$ US39.5 -1 ***** 41 38.5 39 39.5 2600.9
      264 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 77 80 25 10 16 6 87 96 31 Commerce 31 32 12 4 7 7 35 39 19 Tpt/Stor/Comms 14 19 10
      186 words
    • Article
      Lock icon SGX ETF
      1170 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.5 -0.5 24 113.7 110.2 113 114 518.1 143 119 CIMB APAC Div 100S$D 124.7 +0.5 124.7 123.4 124 125
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 98,862 98,862 279,189 279,189 Manufacturing 1,505,618 727,889 2,233,507 791,033 31,412 822,445 Commerce 626,736 1,109,515 1,736,251 397,051 88,570 485,621 Tpt/Stor/Comms 450,369 4,611 454,980 609,097 430 609,527 Finance 189,001 1,972 190,973 809,957 599 810,556 Construction 345,694 388,170
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      678 24 Feb 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.55 *****.65 *****.52 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Jun14 *****.00 *****.00 *****.00 *****.00 273 8671 MSCI TAIWAN INDEX FUTURES SPOT 301.54 303.07 301.54 Mar14 302.90 303.70 301.30 ***** *****2 Apr14 0 1
      678 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Feb 28 Index Change Change Change Change Change Change World Preliminary 1194.0 0.4 0.8 0.8 1.4 0.6 1.1 EAFE Preliminary 956.0 0.1 0.0 0.8 1.4 0.6 1.1 Europe Preliminary 1385.0 0.3 2.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Feb 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.997 5.512 0.654 6.957 55.613 104.117 0.911 9.569 2.939 1.066 94.028 40.047 1.136 9.623 0.795 27.180 29.263 0.536 0.896 Canada 1.003 5.527
      471 words
    • Article
      Lock icon SIBOR
      34 24 Feb 28 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 24 Feb 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.29 1-Year BY*****T 31-Oct-14 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.59 5-Year NX*****W 2.5 01-Jun-19 105.38 105.40 105.40 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      141 24 Feb 28 GOLD(US$/oz) Feb 28 Feb 27 Hong Kong 1328.00 1330.00 Feb 28 Feb 27 London 1325.40 1333.50 1326.00 1334.35 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Feb 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 122 54 5gm 345 270
      141 words
    • Article
      Lock icon PALM OIL
      59 24 Feb 28 Feb 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2775.0 2825.0 2821.0 2775.0 83 1479 Apr 14 2778.0 2805.0 2811.0 2767.0 4066 ***** May 14 2762.0 2800.0 2806.0 2756.0 ***** ***** Jun 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Feb 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1353 1.1367 0.8962 0.8966 Canadian dollar 1.1383 1.1398 0.8990 0.8986 Euro 1.7374 1.7389 1.3715 1.3716 NZ dollar 1.0645 1.0661 0.8403 0.8409 Sterling pound 2.1195 2.1214 1.6731 1.6733
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 24 Feb 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1414.25 1393.50 1415.00 1384.00 May 14 1414.00 1390.00 1415.00 1377.25 Jul 14 1385.25 1366.75 1386.75 1352.75 Aug 14 1331.00 1313.00 1332.00 1301.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 24 Feb 28 COCOA (£/tonne) Close Prev High Low Mar 14 1838 1825 1858 1819 May 14 1844 1837 1857 1831 Jul 14 1842 1835 1856 1831 Sep 14 1838 1831 1850 1825 COFFEE(US$/tonne) Close Prev High Low Mar 14 2118 2099 2143 2089 May 14 2043 2034 2073 2019
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1273 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 1 114 0.0 5 -89 53 Asia-Pacific Strategic W*****6 0.2 halt 1 123 174 225.00 3 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas
      1,273 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Feb 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.83 -0.98 WTI (Near Mth) 102.31 -0.29 Dubai (1-Mth F) 105.21 -0.22 Tapis blend 113.67 -0.01 Minas 107.77 -0.01 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.53 -0.61 Jet Kerosene 122.63 -0.59 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Feb 28 S$ Bid Offer 1-month 1.2668 1.2678 2-months 1.2668 1.2678 3-months 1.2667 1.2677 6-months 1.2665 1.2675 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 24 Feb-28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1711.15 1724.75 3 months 1754.00 1768.00 Copper, Grade A(US$/tonne) Cash 7080.00 7086.00 3 months 7010.00 7025.00 Lead(US$/tonne) Cash 2115.25 2118.25 3 months 2135.00 2138.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Feb 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.160 1.105 Can dollar 1.157 1.113 Euro 1.774 1.690 Sterling pound 2.149 2.067 NZ dollar 1.082 1.041 US dollar 1.290 1.229 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      163 24 Feb 28 Feb 28 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60
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  • Article
    Lock icon SHIPPING TIMES
    2368 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    2,368 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      73 26 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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      Lock icon Page 26 Advertisements Column 2
      18 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Globally, firms opting for cloud services past 50%
      833 28  -  Virtualisation firm Parallels sees pace of change rising as firms ‘let go’ of the IT backroom, reportsVICTORIA VICTORIA HO SLIGHTLY more than half of businesses globally outsource their IT services to cloud providers, choosing that over the traditional model of building those
      833 words
    • Article
      Lock icon Ear PC Japan’s answer to Google Glass?
      322 28 AFP [TOKYO] A tiny personal computer (PC) that is worn on the ear and can be controlled with the blink of an eye or the click of a tongue is being tested in Japan. The 17-gram wireless device has bluetooth capability and is
      AFP  -  322 words
    • Article, Illustration
      Lock icon Opening a new Window into Android
      1118 27  -  Nokia unveils new range of smartphones which run on Google’s OS <we say> AMIT ROY CHOUDHURY amit@sph.com.sg Technology Editor IT doesn’t happen often nowadays but Nokia stole the spotlight from Samsung at last week’s annual Mobile World Congress in Barcelona, Spain. While the Korean
      1,118 words
    • Article
      Lock icon Misperceptions hinder S’pore adoption of SaaS: survey
      664 27  -  Microsoft committed to ensuring customers’ data privacy: official By KEVIN KWANG LACK of security and privacy continues to be the main concern holding back large organisations in Singapore from utilising Software-as-a-Service (SaaS) offerings such as Office 365, finds a recent Microsoft survey. The
      664 words
    • Article
      Lock icon No clear leader among cloud vendors
      778 27  -  By VICTORIA HO THE cloud distribution method for computing services is creating a new battleground for tech vendors, and is overturning the traditional IT vendor market, according to McKinsey Company partner Abhijit Dubey. Speaking at the Parallels Global Summit in New Orleans, Mr Dubey
      778 words
    • Article
      Lock icon Asia’s EMs to lead in banking innovations: IDC
      774 27  -  It also says new ways of reaching unbanked population will change industry By KEVIN KWANG COUNTRIES such as China, India, Indonesia and the Philippines will provide a greater percentage of the innovations within the financial services sector in the coming decade, as
      774 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      136 28 MM qO^ i c LQUn Received the "User's Choice "award at World Communication Awards 2013. Recognised as "Wholesale Operator of The Year' at Asia Communication Awards 2013. telecomasia AWARDS 2013 Recognised as "The Best Asian Telecom Carrier" and "Best Cloud-Based Service" at Telecom Asia Awards 2013. SEAMLESS CLOUD FOR THE
      136 words