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Jun 19, 2013 • by Donavan Lim Singapore shares closed lower on Wednesday as investors stayed on the sidelines ahead of the important Federal Open Market Committee (FOMC) meeting. The 30-shares Straits Times Index (STI) lost 15.76 points, closing at 3,213.79. Risk assets fell. Olam International was off 1.7 per cent to close at S$1.71, while Golden...
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Jun 19, 2013 • Mun Siong Clinches Maintenance Contract Mun Siong Engineering Limited Wednesday announced that it has secured an additional maintenance contract for a period of one year with a new client on Jurong Island. At the same time, the group has also entered into a three years maintenance contract with an existing long term customer, under a...
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Jun 19, 2013 • by Ernie B. Calucag The Singapore government has already taken steps to help low-income rental tenants who see their pay rises eaten up by a rental increase or the so-called “cliff effect,” National Development Minister Mr Khaw Boon Wan said in his blog Wednesday. Rentals are based on household income. Those who earn...
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Jun 19, 2013 • Huawei Denies Plans to Acquire Nokia Huawei Technologies Co has denied reports that indicated the company was interested in acquiring ailing Finnish smartphone company Nokia Oyj. The reports resulted in a 12 per cent surge in US trading recently. One of the first smartphone makers, Espoo, Finland-based Nokia has lost market share as customer preferences...
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Jun 19, 2013 • by Donavan Lim To continue to meet potential demand for industrial land, Singapore’s Ministry of Trade and Industry (MTI) launched Wednesday its Industrial Government Land Sales (IGLS) programme for the second half of 2013. The proposed land quantum for the second half of 2013 represents a continuation of the government’s efforts to release...
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Jun 19, 2013 • HID Global, a major player in secure identity solutions, has outlined top secure identity trends in 2013 that will influence how organisations will create, use and manage secure identities. The trends span diverse secure identity applications, from opening doors and accessing data to managing visitors and tracking items. These and other applications will...
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Jun 19, 2013 • New York City has a wild side and it has nothing to do with its honking yellow taxis, towering skyscrapers and celebrity-studded nightclub crowds. It’s about soaring bald eagles, quiet tidal salt marshes and sweet berry brambles thriving along Jamaica Bay, the only wildlife refuge in the US National Park System, to Manhattan, where Central...
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Jun 19, 2013 • Ezion Holdings (BUY; Target Price: S$2.62) The recent market sell-down has highlighted the resilience of the stock of Ezion Holdings– the STI has lost about 6.8 per cent from its 52-week high of 3,464.79 on 22 May 2013, while the FTSE Oil and Gas Index has slipped about 3.5 per cent. In contrast, Ezion’s share...
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Jun 19, 2013 • by Pam Siow, Founder, Internet Biz Owners Club Everyone makes mistake, right? Well, whoever came up with that phrase forgot to mention that some mistakes cost far more than others, especially when it comes to business. The thing here is that over the course of helping business owners overcome their obstacles, I realise that most...
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Jun 18, 2013 • Intraco Extends Offer for Dynamic Colours INTRACO Limited Tuesday announced that it is extending its mandatory conditional cash offer for its listed associated company Dynamic Colours Limited (DCL), by another 14 days to close at 5.30 pm on 2 July 2013. The group said there will be no further extensions or any revisions to the...
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Jun 18, 2013 • IHH Healthcare (OUTPERFORM; Target Price: S$1.81) Our conversation with IHH’s management and channel checks revealed no immediate cause for concern yet. Its share price pullback since late-May was driven by market fears, rather than a reaction to the Istanbul civil unrest. While we have received sporadic reports on protestors being dispersed in Istanbul’s central Taksim...
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Jun 17, 2013 • Mencast Secures Contract from Keppel FELS Mencast Holdings Limited Monday announced that its wholly-owned subsidiary, Mencast Subsea Pte Ltd, was awarded a three year contract by Keppel FELS Limited for the provision of general underwater services. The contract will run from 1 January 2013 to 31 December 2015. It carries a one year option to...
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Jun 17, 2013 • Cache Logistics Trust (BUY; Target Price: S$1.40) We are reiterating our prognosis that Cache Logistics Trust is likely to continue to deliver sustainable growth for FY13. CACHE has a portfolio of quality assets which has a 100 per cent occupancy rate and strong weighted average lease to expiry of 3.7 years. In 1Q13, CACHE has...
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Jun 14, 2013 • First Ship Demands Redelivery of Vessels First Ship Lease Trust Limited Friday announced that the lessees of its two crude oil tankers, namely, Aqua and Action, have defaulted on their lease payments and FSLTM has today demanded the redelivery of these vessels. The Lessees are wholly –owned subsidiaries of Geden Holdings Ltd. First Ship Lease...
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Jun 20, 2013 • BRATISLAVA, Slovakia, June 19, 2013 /PRNewswire/ – After achieving 30 million unique users with its Sygic GPS Navigation app for Android and iPhone, Sygic, the company behind the app, is getting ready for the season with a massive summer sale, cutting the prices down by 30%. Sygic GPS Navigation is an offline application based on...
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Jun 20, 2013 • WUHAN, China, June 19, 2013 /PRNewswire-FirstCall/ — China Automotive Systems, Inc. (“CAAS” or the “Company”) (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced that it won the Chrysler 2013 Supplier of the Year Metallic award at the 2013 Annual Strategy Meeting and Supplier Awards Ceremony on June 5, 2013...
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Jun 20, 2013 • 5-6 November 2013 — Grand Hyatt Hotel, Hong Kong PARIS, June 19, 2013 /PRNewswire/ — MIPIM Asia, the property leaders’ summit in Asia Pacific, reveals the composition of the jury for the 7th edition of the established MIPIM Asia Awards competition, which has honoured excellence and innovation in Asian real estate development in the Asia...
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Jun 20, 2013 • Turkish market likely to witness highest growth rate among European countries LONDON, June 19, 2013 /PRNewswire/ — Growing awareness on the advantages of operational leasing is attracting new customers and sustaining the Turkish fleet leasing market. With only 22 per cent of the fleet market currently addressed, the untapped potential for operational leasing companies is...
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Jun 20, 2013 • SACRAMENTO, Calif., June 19, 2013 /PRNewswire/ – Wondershare, a world-class developer of Windows® and Mac® utility applications and mobile apps announced today the winners for its scholarship program which aims to aid college-bound high school seniors and further inspire their interests in technology. Stefani Pyorre from Antelope High School in Antelope, CA and Faith Lemire-Baeten...
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Jun 20, 2013 • RIO DE JANEIRO, June 20, 2013/PRNewswire/ — Rio de Janeiro State Government signs multilateral memorandum of understanding with Renault-Nissan Alliance, Petrobras Distribuidora, Light, Ampla and Rio Negocios to pave the way for electric vehicles A memorandum of understanding (MoU) was signed today among Rio de Janeiro State Government and leaders from Brazil’s public-private sectors to...
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Jun 20, 2013 • BEIJING, June 20, 2013 /PRNewswire-FirstCall/ — China Hydroelectric Corporation (NYSE: CHC, CHCWS) (“China Hydroelectric” or “the Company”), an owner, developer and operator of small hydroelectric power projects in the People’s Republic of China, today announced its unaudited financial results for the first quarter ended March 31, 2013. “Our results for the first quarter were satisfactory...
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Jun 20, 2013 • DETROIT, June 20, 2013 /PRNewswire/ — A commitment to managing quality and cost through operational excellence has earned AAM a 2012 Supplier Award for Best Powertrain by Beijing Benz Automotive Company (BBAC), a joint venture between Beijing Automotive Group and Daimler AG. “We are honored to be recognized by BBAC for AAM’s performance during 2012,”...
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Jun 20, 2013 • BEIJING, June 20, 2013 /PRNewswire/ — ChinaEdu Corporation (NASDAQ: CEDU) (“ChinaEdu” or the “Company”), a leading online educational services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2013.[1] First Quarter 2013 Highlights Total net revenue for the first quarter of 2013 was $19.2 million, a 4.9 percent...
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Jun 19, 2013 • Zhone Technologies Receives NASDAQ Notification Related to Minimum Bid Price; Will Request Hearing Oakland, CA – June 19, 2013 – Zhone Technologies, Inc. (NASDAQ: ZHNE), a global leader in FTTx network access solutions, today announced that on June 18, 2013, Zhone received a Staff Delisting Determination letter from the Listing Qualifications Staff of The NASDAQ...
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Jun 19, 2013 • INC Research Leads Conversation on Clinical Innovation at DIA 2013 Annual Meeting Global CRO Explores Role of Innovation in Clinical Research, Offers Strategies to Reduce Costs and Development Time Raleigh, N.C., June 19, 2013 - INC Research, LLC, a therapeutically focused clinical research organization (CRO) with a Trusted Process® for delivering reliable results, will...
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Jun 19, 2013 • Hong Kong, June 19, 2013 – (ACN Newswire) – Quam Limited (“Quam” or the “Group”, Stock Code: 00952.hk), a Hong Kong-based financial services group, announces its audited annual results for the year ended 31 March 2013 (the “Year”). During the Year, revenue of Quam amounted to HK$330.4 million (2012: HK$358.3 million), representing a decrease of...
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