Turkey, Romania and some other countries are showing interest in the project to build a pipeline along the bed of the Black Sea to pump natural gas to Europe. This is according to RIA Novosti, which quoted the Gazprom CEO on Monday.
Archive for the ‘World’ Category
Visitor arrivals fall 0.7% in August
September 28th, 2009 |
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Visitor arrivals in Singapore fell 0.7% in August from a year ago, the smallest drop this year, the Singapore Tourism Board (STB) said today.
It said in a statement that 844,000 people visited the city-state last month, while the total number of days spent by tourists in Singapore fell 7.9% to 3.5 million days.
Singapore is trying to expand tourism to reduce dependence on manufacturing, with two large casino-resorts — one operated by Las Vegas Sands (LVS.N) and the other by Genting Singapore (GNTG.SI) — scheduled to open their doors next year.
United Envirotech secures $51m BOT project
September 28th, 2009 |
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Mainboard-listed United Envirotech, one of the leading membrane-based water and wastewater treatment solutions providers, says it has secured a contract of RMB245 million ($51 million) to build and operate a 200,000 cubic metres per day drinking supply and wastewater treatment plant under a Build-Operate-Transfer (BOT) arrangement in Liaoyang City, Liaoning Province, China for a concessionary period of 30 years.
The project is expected to bring in an estimated revenue of RMB1.4 billion over the concession period.
Keppel Land uses $38m from rights issue to fund part of development spending for Vietnam, Singapore projects
September 28th, 2009 |
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Keppel Land, partly owned by the world’s No. 1 oil-rig maker, says that $38 million out of the net proceeds of $700.6 million from its recent rights issue have been used to fund part of the development expenditures for the group’s residential and commercial projects in Singapore and Vietnam while about $0.6 million have been used to fund part of the group’s working capital.
In April, Keppel Land offered nine rights shares at $1.09 a share for every 10 held by shareholders to bolster its balance sheet and enable it to make acquisitions.
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STI falls 1.3% to close at 2,629.25
September 28th, 2009 |
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The Straits Times Index declined 1.3% to 2,629.25 at the close. Just four stocks on the 30-member gauge rose. The following shares were among the most active in the market.
Palm oil suppliers: Crude palm oil declined as much as 4.8% in Kuala Lumpur today. Golden Agri-Resources (GGR SP), the world’s second-biggest palm oil producer, lost 2.3% to 42.5 cents. Indofood Agri Resources (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, dropped 3% to $1.64. Wilmar International (WIL SP), the world’s biggest palm oil trader, sank 5% to $6.41. JPMorgan Chase & Co. said it has downgraded its rating on the stock to “neutral” from “overweight” and maintained its share-price estimate of $6.80.
M1 partners Global Yellow Pages Media to create new advertising channel for mobile customers
September 28th, 2009 |
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Mobile, broadband and IDD service provider MobileOne has partnered Global Yellow Pages Media, Singapore’s largest publisher of directory services and leading search engine, to offer customers a new avenue to list their mobile phone numbers and other contact details.
M1 customers will be able to use the M1 Global Yellow Pages Advertising Listing Service to advertise their services or list their mobile numbers at special rates when it is launched today.
Midas JV company bags $366m contract to supply 48 metro train sets to Nanjing rail transport company
September 28th, 2009 |
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Mainboard-listed Midas Holdings says that Hangzhou Metro Co. has awarded a RMB1.76 billion ($366 million) contract to Midas’ joint venture company, Nanjing SR Puzhen Rail Transport Co. (NPRT) to supply 48 metro train sets totalling 288 train cars for the Hangzhou Metro Line 1 Project. NPRT has an estimated 63% share of this contract.
Delivery of the 288 train cars is expected to commence over the period from May 2011 to August 2013. As such this contract will have a positive impact on the financial results for the financial years ending from 2011 to 2013.
Midas has a 32.5% equity stake in NPRT, a Sino-foreign joint venture, to engage in the development, manufacturing and sale of metro trains, bogies and their related parts.
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SGX approves WOPA Services as a Catalist continuing sponsor
September 28th, 2009 |
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Singapore Exchange today says that WOPA Services, a wholly-owned subsidiary of WongPartnership LLP, has been approved as a continuing sponsor on Catalist, its sponsor-supervised board for fast-growing companies.
The addition of WOPA Services strengthens Catalist’s sponsor pool to nine continuing sponsors and 11 full sponsors. Sponsors provide guidance to and assist Catalist companies primarily in areas of rule compliance and corporate governance.
SGX will continue to widen the pool of sponsors to add depth and scope to the sponsorship regime and better meet the varied needs of Catalist companies.
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Turkey, Armenia to restore ties
September 28th, 2009 |
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Turkish Prime Minister Recep Tayyip Erdogan has said his country will sign a deal to establish diplomatic relations with Armenia on 10 October. Erdogan said the deal would still need parliamentary approval in Turkey and Armenia after being signed by their foreign ministers.
China, Korean shipyard support may hurt industry, Drewry says
September 28th, 2009 |
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Chinese and South Korean support for shipbuilders may hurt the industry in the long term by keeping unprofitable yards afloat amid plunging demand, according to Drewry Shipping Consultants Ltd.
“There’s absolutely no sign that world shipbuilding capacity is going to be rationalized,” Managing Director Arjun Batra said at a shipping conference in Singapore today. “I don’t see China or Korea, for that matter, allowing the yards to go down.”
Polanski held on unlawful sex charges
September 28th, 2009 |
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The cultural and political elite in France has come out in support of Roman Polanski now under arrest in Switzerland. They are calling on the Swiss not to extradite the 76-year old movie director to the US where there’s a warrant for his arrest dating back more than 30 years.
Merkel set to head new center-right govt.
September 28th, 2009 |
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German voters handed Chancellor Angela Merkel a second term in office and a mandate to form a new government with her preferred partner, the pro-business FDP. Provisional results show that German Chancellor Angela Merkel’s conservatives have won 33.8 percent of the vote, putting them on course to form a government with their preferred partners, the pro-business FDP.
Infinio Group secures $48m exclusive deal to deploy IPTV service
September 28th, 2009 |
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SGX-listed Infinio Group, one of the leading technology, content and solutions providers in the new media sector, today says the group’s wholly-owned subsidiary, Broadband Network Systems Ltd (BNS) has signed a five-year exclusive contract amounting to US$34 million ($48 million) with Max Media Co., the country’s largest in-building broadband service provider, to deploy community-based IPTV services. The contract will see BNS supply complete IPTV turnkey solutions including network, equipment, software, content, and system integration, maintenance and support services to Max Media who will operate the service.
OKP in JV with CIF Singapore to take on larger overseas projects
September 28th, 2009 |
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Mainboard-listed infrastructure and civil engineering company OKP Holdings announced that it has entered into a Joint Venture (JV) Agreement with CIF Singapore (CIF) through its wholly-owned subsidiary, OKP Technical Management, to undertake larger overseas projects.
Singapore-incorporated CIF is a wholly-owned subsidiary of China Sonangol International (S) (CSIS), which is in turn a subsidiary of China Sonangol International Limited (CSIL), an overseas conglomerate engaged in oil, gas, and minerals investment and explorations, crude oil supply and national infrastructure construction projects. The company has a strong market presence in Africa where it has been involved in major urban development projects for many years.
Barron Partners LP acquires 30m shares in China Taisan Tech Group
September 28th, 2009 |
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Mainboard-listed China Taisan Technology Group Holdings, one of the leading producers of knitted performance fabrics used in sports and leisure apparel for renowned brands such as Nike, Adidas, Umbro, Septwolves, Li-Ning, Anta, and Metersbonwe, says US-based institutional investor Barron Partners LP has become China Taisan’s strategic shareholder following the acquisition of a stake by the latter.
China Flexible Packaging makes it to FTSE ST Fledgling Index
September 28th, 2009 |
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Mainboard-listed China Flexible Packaging Holdings, one of the leading manufacturers in the production and sale of Biaxially Oriented Polypropylene (BOPP) film, says the group has been selected as one of the constituent stocks in the FTSE ST Fledgling Index list with effect from September 22.
The FTSE ST Fledgling Index list gives recognition to companies with smaller market capitalisation that are excluded from the FTSE ST All Share Index. The indices are designed to create a more transparent and investable market benchmark that will enable easier trading. Stocks selected for entry into this list are based on free-float weighting.
STI falls 1.2% to 2,630.38 at the break
September 28th, 2009 |
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The Straits Times Index declined 1.2% to 2,630.38 as of the 12:30 p.m. trading break. Twelve stocks fell for each that rose on the 30- member gauge. The following shares were among the most active in the market.
Palm oil suppliers: Crude palm oil declined as much as 3.9% in Kuala Lumpur today. Golden Agri-Resources (GGR SP), the world’s second-biggest palm oil producer, lost 1.2% to 43 cents. Indofood Agri Resources (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, dropped 3.6% to $1.63.
Wilmar International (WIL SP), the world’s biggest palm oil trader, dropped 5% to $6.41. JPMorgan Chase & Co. said it has downgraded its rating on the stock to “neutral” from “overweight” and maintained its share-price estimate of $6.80.
Engine fails on Singapore A380, flight turns back
September 28th, 2009 |
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A Singapore Airlines (SIAL.SI) A380 was forced to turn round mid-flight and head back to Paris yesterday after one of its four engines failed, the head of the airline’s French operations said.
The doubledecker A380 took off from Paris at 12.30 p.m. (1030 GMT) with 444 passengers aboard and headed for Singapore, but had to turn round after 2 hours 45 minutes because of the engine problem, airline director Jerry Seah said.
China New Town Development completes sale of 2nd land parcel from Luodian Project this year for $290m
September 28th, 2009 |
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China New Town Development Company says it has completed the sales of land use rights of residential land parcel (D-12) located at Luodian New Town on Sept 25. The buyer is China Enterprise, an A-share company which is also the developer of existing site D2-3 of 135,060 sq m in gross floor area (GFA).
China New Town says this is the second land parcel sold from the Luodian Project this year. The land parcel of about 102,300 sq m in site area was sold for about RMB 1.4 billion ($290 million), which is equivalent to RMB 9,070 per sq m in terms of gross floor area. This represents an increase of 150% from the last price of RMB 3,635 per sq m achieved in May. The average cost of development was about RMB 1,666 per sq m as of June 30, 2008.
Genting falls in Malaysia after shares trade ex-dividend
September 28th, 2009 |
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Genting Bhd. Asia’s biggest listed casino operator, fell to a 12-day low after the shares went ex-dividend, meaning that investors buying the stock from today won’t be entitled to its interim dividend of 3 sen a share.
The stock slid 1.2% to 7.05 ringgit ($2.89) at 9:55 a.m. in Kuala Lumpur, set for the lowest level since Sept 16.
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