ICT magazine

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 ...

Chua Kee Kiat has been appointed alternate director wef Mar 8 Work experience: Section head, Temasek Polytechnic

Chia Wei Ho has been appointed COO wef Mar 1 Work experience: GM, Chamberlain Computime Investment (HK) Ltd; COO/CFO, Tri-M Technologies (S) Ltd; independent director/ED, Medtecs International Corporation Ltd

Thai telecoms group Shin Corp  (SHIN.BK) said on Wednesday its major shareholder, Singapore’s Temasek (TEM.UL), had no plans to sell its stakes in the Thai  firm or in satellite unit Thaicom (THCOM.BK). A court verdict on Feb. 26 that former Thai premier Thaksin  Shinawatra concealed ownership of shares in ...

Luo Qun has been appointed non-ED wef Feb 26 Work experience: VP, China National Aviation Fuel Group Corp/Elected Standing Committee Member of Communist Party of China ("CPC") Branch; president, China National Aviation Fuel Hai Tian Transportation Co Ltd   Read more...

Venture Corp. (V03.SG) is up 2.6% at $8.68 as investors revisit stock after sustained losses over last four sessions, with sentiment bolstered by contract electronics manufacturer’s more upbeat outlook, closure of CDO saga with Venture recovering $17.1 million in FY09 of its original $167.8 million CDO investment. Read more...

Singapore’s Straits Times Index rose 0.6 to 2,766.11 as of 10:17 a.m. More than three stocks gained for each that dropped on the 30-member gauge. Shares on the measure trade at 14.6 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by ...

Cosco Corporation (Singapore), the China-based ship repair & marine engineering and shipping group, says turnover fell 16.6% to $2.9 billion for the full year ended 31 December 2009 (FY 2009) on lower revenue across all segments precipitated by the global financial crisis. Turnover from shipyard operations dipped 13.9% to ...

Phillip Securities Research in a Feb 22 research report says: "OCBC reported a set of outstanding results as net profit rose to $502 million (+66.8% y-o-y, +11.6% q-o-q, 3Q09: $450 million) due to higher operating income with controlled expenses and allowances. Read more...

Teo Soon Chye has been appointed independent director wef Feb 12 Work experience: Secretary to the University (President’s Office), National Technology University; director, Croda Resources & Associates Pte Ltd; director Sino Technology Group, Hong Kong

Prices are still entrenched within a relatively narrow sideways range. They have managed to hold above the several-times-tested $8.12 to $8.17 range. The moving averages are barely intact. Volume has eased, and that may prevent an immediate breakdown. Read more...

Prices managed to rebound off support at $8.10, a level where the neckline of a potential head-and-shoulders top could be forming. For now, the neckline has held and prices are making a counter trend move. During the decline, volume eased, suggesting a lack of selling power. Read more...

Ang Poh Seng has been appointed CFO wef Feb 2 Work experience: Financial controller, Asia Water Technology Ltd; VP, Rockstead Capital Pte Ltd; sales & finance manager, Opal Interpoint Shipping Services (S) Pte Ltd   Read more...

Morgan Stanley has upgraded Keppel Corp.(BN4.SG), the world’s largest rig builder, to ‘overweight’ from ‘equal weight’ on valuation grounds. It has raised its target price to $9.35 from $8.30 on roll forward of valuation year, better fundamentals for property business, more positive view on opportunities in floating, production, storage ...

Chia Hua Meng has been appointed CFO wef Feb 3 Work experience: Financial controller, Craft Print International Ltd; financial controller, Kim Heng Marine & Oilfield Pte Ltd; accounting manager, Craft Print International Ltd

The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index advanced 1.9% to 2,757.68. Wall Street shares fell as much as 1.9%, with tech-heavy Nasdaq (.IXIC) leading the losses on the back ...

The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index dropped 1.2% to 2,706.26. US stocks rose last night after the Federal Reserve said it would keep interest rates near zero. Read ...

The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index dropped 2.5% to 2,740.33. US stocks slipped last night as investors turned cautious before Federal Reserve’s policy announcement and President Barack Obama’s State ...

Keppel Corp. proposed distributing 50.5% of K-Green Trust to existing shareholders prior to a listing on the Singapore stock exchange, it said in a statement to the bourse today.

Keppel Corp., the world’s largest oil-rig maker, said fourth-quarter profit was $343 million. Revenue was $3.03 billion.