ICT magazine

There are fresh calls for the Israelis and Palestinians to do more to move towards peace talks. Little in the way of concrete steps have been announced after a meeting in Moscow of the international Middle East Quartet of peace mediators.

Keppel Offshore & Marine has joined hands with State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC) to develop and manage a new 52-ha shipbuilding and shiprepair facility in Baku, Azerbaijan. Read more...

Russian Prime Minister Vladimir Putin said on Thursday that Iran's Russian-built nuclear power plant will be launched this summer. "The first reactor at Iran's nuclear power plant in Bushehr is to be launched already in the summer," Putin said.

Developer Sim Lian Land has won the tender for the residential site at Tampines Avenue 1 and Avenue 10. It submitted the winning bid of $302 million for the 344,445 sqft plot. The site with a 99-year lease attracted a total of eight bids. The remaining bids range between $168 ...

Singapore shares ended flat Friday as a late fall in DBS Group Holdings’ share price after the resignation of its chairman offset earlier gains made on strengthening convictions that US interest rates will stay lower for longer. The benchmark Straits Times Index ended up a mere 1.76 points at ...

Dutch officials have rejected a retired US general's claim that its forces failed at Srebrenica because of poor morale over openly gay soldiers. A defence ministry spokesman dismissed as "complete nonsense" the remarks by John Sheehan, a former Nato commander.

Singapore’s Straits Times Index was little changed at 2,915.70 at the close. The measure advanced 1.2% this week, its third weekly gain. Four stocks fell for every three shares that rose on the 30-member gauge. Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times ...

DBS Group Holdings, Southeast Asia’s biggest bank, said that Koh Boon Hwee will step down as chairman of the group and DBS Bank after the annual general meeting of April 30. DBS board member Peter Seah Lim Huat will assume chairmanship of both boards on May 1, according to a ...

Morgan Stanley expects SingTel’s (Z74.SG) share price to fall in absolute terms over the next 60 days, reported Dow Jones Newswires. The broker says this is because the stock has traded up recently, making the short term valuation much less attractive. Notes that the share prices of SingTel’s key ...

U.S. President Barack Obama and his Democratic Party allies in Congress are making one last push for health care reform after more than a year of debate. Republicans and grass roots conservative activists are making their own last ditch attempt to block the health care bill, and the passionate battle ...

Singapore small-, mid-caps can still climb, says DBS Vickers Small-, mid-cap shares in Singapore still have room to head higher but richest returns for this group likely over, says DBS Vickers, reported Dow Jones Newswires. Read more...

Genting Singapore (G13.SG) is up 1.1% at 95 cents, rebounding slightly following 2.6% drop yesterday, but investors are unlikely to make big bet on stock until there is more clarity on how recently-opened casino and theme park are faring, reported Dow Jones Newswires. Resistance is tipped at this week’s intraday ...

Singapore Exchange (S68.SG) succumbs to profit-taking after climbing to 7-week high of $8.10 in early trade. Its shares are up 0.5% at $8.08 and may be able to hold above $8 for rest of session as current selling not widespread given light volume, reported Dow Jones Newswires. Read more...

JPMorgan has raised CapitaCommercial Trust’s (C61U.SG) target price to $1.15 from $1.10 on higher earnings estimates but maintaining its “neutral” rating, reported Dow Jones. The broker has raised FY10-FY12 earnings forecasts by 7–13% to factor in lower borrowing costs as a result of recently announced convertible bond issue as ...

Aviva Investors, the asset management arm of British insurer Aviva (AV.L), plans to expand in Asia-Pacific by hiring bond and equity fund managers in Singapore and setting up a sales offices in Japan.  Aviva Investors intends to set up a regional asset management firm in Singapore and will hire ...

Singapore shares head towards highest close since Jan 11 in quiet session as US futures provide little in way of lead (DJIA down 6 points); STI +0.4% at 2,926.49 with resistance tipped at current 2010 intraday high of 2,947, reported Dow Jones Newswires. Read more...

Goodpack (G05.SG) is up 2.5% at $1.66 in active trade as investors increasingly hopeful of outlook amid rising demand for company’s bulk containers, reported Dow Jones Newswires. “We have examined various data points, which suggest the demand for natural and synthetic rubber is poised for a strong turnaround, as the ...

PT Berlian Laju Tanker, Indonesia’s biggest shipping company, withdrew an offer valued at about US$160 million ($223 million) to buy Camillo Eitzen & Co. after failing to agree on terms, says Bloomberg. Read more...

SIAS Research starts C&O Pharmaceutical Technology (E92.SG) with an “increase exposure” call and 45.6 cents target price, reported Dow Jones Newswires. Read more...

Singapore Exchange (SGX) (SGXL.SI) said on Friday it would launch trade in a new robusta coffee futures contract on April 22 to capitalise on Southeast Asia's top market status for the commodity.    “The launch of SICOM Coffee is timely, as Southeast Asia has grown to become the largest producer and exporter ...