HK TO LAUNCH COMMODITY BOURSE

From My Money

My Biz in 60 Seconds

 

HONG Kong is set to launch its first commodities exchange early next year to capitalise on China’s growing demand for oil and other raw materials, officials said yesterday.

– AFP

Working on the move? Beware who's eavesdropping on you

From My Money

MY PAPER THURSDAY JUNE 26, 2008

 

Sneaking peeks at documents of others in public common, survey in Britain and US shows

 

EXECUTIVES who often work on the move or in public places had better be more discreet about their business conversations and documents.

 

A survey in Britain and the United States, released last week, found that eavesdropping in public places was common.

 

Information exchanged during supposedly private business conversations were also used by others for their own advantage, according to survey findings.

 

Conducted by flexible work solutions provider Regus, the survey found that 67 per cent of Britons had listened in on someone else’s business conversation while they were in public places.

 

Americans were also guilty of this act – 59 per cent of those polled did just that. Besides eavesdropping, the habit of sneaking a peek at other people’s business documents in public places, such as while on the train, was also not unheard of.

 

Nearly two out of five British professionals (35 per cent) and 34 per cent of Americans surveyed said they had caught sight of other people’s sensitive company documents.

 

And the shocking thing was that 13 per cent of Britons and 19 per cent of Americans said they were able to use the information overheard for their own business purposes.

 

The study of 1,000 respondents also revealed that remote working had led to a growing culture where business was conducted in strange and, sometimes, inappropriate places.

 

Almost half of travelling British executives spent at least half a day per week working in a public place.

 

They also faced the dilemma of needing a private place to make phone calls or work from their laptops.

 

One in six had resorted to working from public toilets, while slightly more than half did so in pubs and bars.

 

A large number of them (65 per cent) used busy restaurants as their mobile offices.

 

Said Mr Kurt Mroncz, the UK sales and marketing director of Regus: “From a dangerous lack of privacy to difficult and absurd working environments, business travellers are often put in impossible positions as they try to carry out their professional role.”

 

The survey findings also reflected a significant vulnerability in British corporate security, said Mr David Porter, head of security and risk at Detica, a business and technology specialist.

 

“The growing tide of professionals expected to work ‘on the hoof’ is putting the UK’s prized corporate intellectual property, trade secrets and deals at risk,” he said.

Revolving skyscraper

From My News, World

MY PAPER THURSDAY JUNE 26, 2008

 

DUBAI, the playground of the rich, has a new prestige project. A shape-shifting luxury condominium called Dynamic Tower. The 420m-tall building features 80 apartments that spin at voice command around a central column. Each apartment will take between one and three hours to make a 360-degree rotation. Architect David Fisher, who presented the project in New York on Tuesday, said the energy-self-sufficient skyscraper should be completed in 2010. Buyers will have to fork out up to US$36 million (S$49 million) for a 1,200 sq m unit.

 

(PHOTO: DYNAMIC ARCHITECTURE)

Singaporeans to have most number of PCs in Asia by 2012

From My News, Home

MY PAPER THURSDAY JUNE 26, 2008

 

DARYLL NANAYAKARA

 

SINGAPORE is expected – within four years – to be tops in the Asia-Pacific region for having the highest number of personal computers (PCs) per 1,000 population, says a research survey.

 

The findings are from a recently released research conducted by American information technology research and advisory company, Gartner.

 

The article was quoted on the website of Computerworld Singapore.

 

The research also found that the number of PCs installed around the world had reached more than 1 billion and this number “will grow by about 12 per cent annually”.

 

It is estimated that by 2014, the number of PCs will double what it is currently.

 

Accordingly, Singapore is expected to hit the three million mark for installed PCs this year. That is tantamount to 672 PCs per 1,000 population.

 

That number is expected to surge to 4.5 million PC units by 2012, equivalent to 948 PCs per 1,000 population.

 

However, despite the sharp increase in installed PCs, the PC usage growth rate is predicted to slow.

 

According to the article, this is due to “Singapore’s status as a mature market”. Currently, such mature markets make up 58 per cent of installed PCs.

 

But Gartner estimates that it is the emerging markets that will dominate the world’s PC market share.

 

Mr Georg Shiffler, Gartner’s research director, was quoted as saying: “We expect per capita PC penetration in emerging markets to double by 2013. Rapid penetration in emerging markets is being driven by the explosive expansion of broadband and wireless connectivity in these markets.”

 

darylldj@sph.com.sg

One bag too many for McDonald's delivery

From Ground Zero

Citizen Journalism in Action

MY PAPER THURSDAY JUNE 26, 2008

 

A STOMP contributor spotted this McDonald’s delivery rider carrying two delivery bags in Bukit Panjang.

 

“Isn’t it dangerous for him to be doing that?” he wonders.

 

Stomp contacted McDonald’s and this is its reply: “At McDonald’s, safety has always been of paramount importance to us.

 

“With regard to the situation highlighted to us, we have since carried out an investigation and reminded the relevant restaurant manager and rider of our one-bag policy while riding.”

 

McDonald’s added that it will monitor the situation and do periodic spot-checks.

Electricity tariffs to increase for third quarter

From My News, Home

MY PAPER THURSDAY JUNE 26, 2008

 

ELECTRICITY bills look set to increase again for the Singapore household – and you can blame it on the soaring crude oil prices.

 

From July to September, households will pay a record-high 25.07 cents per kilowatt hour (kwh) – a rise of 4.98 per cent from 23.88 cents per kwh in the second quarter.

 

This latest increase means that families staying in one- to five-room HDB flats will pay $1.24 to $5.03 more a month in electricity bills.

 

Some Singaporeans my paper spoke said that they are biting the electricity bullet.

 

Said research analyst intern Ms Carol Koh, 22: “We try to cut costs by not using air-conditioning.”

 

Ms Koh stays in a five-room HDB with her parents and they keep their electricity bills to as low as $120 a month.

 

Domestic or low tension electricity tariffs are reviewed quarterly by SP services, a subsidiary of Singapore Power.

 

DAWN TAY

Once upon a time in Singapore

From My News, Home

MY PAPER THURSDAY JUNE 26, 2008

 

A BRAND new record for the “most number of kids aged 12 years and below contributing to a story in one location” has been set for the Singapore Book Of Records. For more than 10 weekends, aspiring kid authors have contributed a section to a flowing story from where the last contributor left off.

(PHOTO: JAMIE KOH)