ICT magazine

Sound Global, the China-based turnkey water and wastewater treatment solutions provider formerly known as Epure International, says it has secured a credit line of US$600 million ($837 million) from China Merchants Bank today. Sound Global intends to use this major credit facility to finance the group’s working capital requirements for ...

Some ivory sales are a good idea. This one isn’tIN 1989 the signatories to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) agreed to ban the ivory trade, and banned it has remained. Except, that is, for when CITES chooses to allow it—as it ...

Singapore-listed data storage manufacturer Swing Media Technology (SWMT.SI) said it is planning a dual primary listing of its shares on the Hong Kong stock exchange. The firm's main manufacturing operations are in Hong Kong and one of its main markets is China. {jcomments on}

Biosensors (B20.SG) has gained 1.9% at 79.5 cents in active trade as investors relook at stock after 8.2% fall since beginning March, reported Dow Jones Newswires. Recent weakness triggered partly by concerns over heart stent maker’s distribution business in Germany following Medtronics’ acquisition of Invatec, an affiliate Krauth Cardiovascular, ...

Singapore shares off earlier highs as investors choose to digest recent gains rather than chase market up amid lingering uncertainty over China tightening, prospect of Fed meeting tonight. STI +0.2% at 2,879.79 midday vs morning high of 2,884.40 (+0.4%); resistance tipped at 2,900, support at last week's low of ...

AU Optronics is the first major Taiwanese LCD screen manufacturer that is going to build an advanced LCD factory in China. It is planned to build a 7.5-generation LCD panel factory for US$3 billion in Kunshan, China. The company will be able to spend $1.2 billion of its own money ...

Google could shutter its Google.cn search engine within weeks after talks with the Chinese government over censorship have stalled, according to a March 13 report in the Financial Times. This latest step comes two months after the search engine in January vowed to stop censoring search results and to possibly ...

Healthway Medical Corporation says the company has agreed to place out 108 million new shares to International Finance Corporation (IFC), a member of the World Bank Group, at 13 cents per share. This equity investment is part of the US$25 million ($35 million) financing package from IFC, which comprises ...

Bank of China and Temasek Holdings may invest as much as 20 billion yuan ($4.04 billion) to build a rural-banking business in China, two people with knowledge of the matter told Bloomberg News. The companies are in talks about setting up as many as 400 rural banks, the people said, ...

Singapore shares remain lackluster at start of afternoon session as bearish leads from key overseas markets keep buyers at bay (HSI off 0.9%, Dow futures down 56 points). The STI down 0.2% at 2,874.26 with support tipped at last week’s intraday low of 2,820; broad market volume remains thin ...

Bollywood struggling actor Harman Baweja and sizzling actress Kareena Kapoor received the worst actress title at the second Golden Kela awards, an offshoot on Hollywood`s Razzies on Friday night. Baweja was adjudged the Worst Actor award for his performance in `what’s Your Raashee?’ whereas Kareena was considered Worst Actress for ...

As I pointed out in November:A report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression.The repo...

Samsung is one handset company that seemingly benefited from the Chinese New Year and a strong start to the 2010 global handset market, according to a new report. Led by Asia and Latin America, the Year of the Tiger is predicted to be a good one for handsets, which should ...

As I wrote last August:Commonly-accepted wisdom says that we can inflate our way out of our debt crisis.***But as I have previously noted, UBS economist Paul Donovan has demonstrated that governments can't inflate their way out of debt traps, saying:Th...

China Minzhong Food Corporation is seeking a listing on the Mainboard of the Singapore Exchange and has lodged its preliminary prospectus. Although China Minzhong did not say how much it is planning to raise from the share sale, it says it intends to use the IPO proceeds to increase ...

Sinotel Technologies, the provider of wireless telecommunications infrastructure and solutions in China, says the group has qualified as China Mobile’s design vendor for its wireless network infrastructures. Read more...

Motorola March 10 said it has chosen Microsoft Bing search and maps to run on Google Android-based smartphones in China this year. The deal will manifest in the first quarter as a pre-loaded Bing bookmark and a new search widget with Bing, all running in the mobile browser of forthcoming ...

DMG & Partners Securities in a Mar 9 research report says: "Swing Media announced that Shanghai Hui Yang New Energy Technology (SHY) has been awarded a contract to install solar powered energy systems in 20 petrol stations for China’s biggest oil producer, PetroChina. Read more...

Singapore shares turned choppy on the prospect of more tightening measures by China although this was mitigated by light buying on dips, reported Dow Jones Newswires. But upside is not expected to be huge given weaker US stock futures and mixed performance across Asian markets. Read more...

CIMB i n a Mar 9 research report says: "KepLand’s positioning in superior prime offices and township developments in China forms its strongest value proposition, driven by a recovery in leasing and resilience in China’s upgrader demand. Read more...