ICT magazine

Demand for private homes in Singapore remains strong, despite recent slew of government measures to cool property market, with sales in next 6–9 months expected to be driven by high-end projects’ comparatively lower capital value vs HK’s, increased global wealth creation, more interest from foreigners, says DMG, according to Dow ...

Cisco's powerful CRS-3 router is a significant step in meeting the rapidly growing demand for bandwidth driven by video, cloud computing and mobility, according to analysts. However, Cisco's closest rival, Juniper Networks, is less impressed. - Cisco Systems CEO John Chambers for more than a year has been ...

The Serbian Justice Ministry stated that it sent a demand for the extradition Ejup Ganić to the British authorities. The demand and court documentation was sent for the 64-year-old former Muslim wartime member of Bosnia's presidency to be handed over to the Belgrade High Court in order to finish the ...

Lian Beng Group (L03.SG) is up 3.6% at 29 cents as $144 million boost to orderbook whets investors’ appetite, reported Dow Jones Newswires. Construction group to build 616-unit condo in Singapore starting next month, expects completion in March 2013. Read more...

As I wrote in January:Last May, I wrote about the rumor that the Obama administration might seize funds from American's 401k and IRA accounts.Last week, Bloomberg pointed out:The Obama administration is weighing how the government can encourage workers...

Gartner expects that 2010 sales of touch-screen mobile devices will grow 96.8 percent over last year. However, not all consumers are happy with their smartphones, according to a small survey by Fanfare. - Touch-screen smartphone sales are expected to almost double in 2010, though not everyone is happy ...

Demand for private homes in Singapore generally still intact despite recent government measures to curb property speculation, judging from strong turn-out at property launches over the weekend, says CIMB. “The measures do not seem to have an adverse effect on demand, especially that of upgraders,” says CIMB, noting projects ...

Juken Technology says net profit after tax for the financial year ended 31 December 2009 (FY2009) soared to $1,173,000 from $46,000 in FY2008 on pent-up demand for auto components in the second half and improved cost-efficiencies. The manufacturer of high-precision plastic moulding components said the 25-fold increase in the ...

The Apple iPhone, competitive smartphones, and the growing e-reader and tablet PC markets are all pushing the demand for NAND memory. In a new report, iSuppli predicts 2010 NAND revenue will shoot 34 percent ahead of 2009. - Its a good time to be in the NAND ...

Singapore Airlines (SIAL.SI), the world’s No. 2 airline by market value, is on course to avert a full-year loss as a recovery in passenger and cargo demand helped it report its best quarterly profit in almost two years. The airline industry is recovering from its worst ever downturn last ...

Voltaire officials are looking to address the growing demand from IT administrators for a converged fabric in the data center with the introduction of the Grid Director 4036E. The 40 Gbps InfiniBand switch features an Ethernet gateway and is aimed at high-performance enterprise data center environments that demand low latency ...

As Asia bounces back from the financial crisis, demand for iron ore and coal used in civil engineering projects, car manufacturing and new apartments in China and India is returning. The Baltic Dry Index (BDI), a measure of global freight rates, is up about 6% since Christmas on rising demand ...

Giving hope that the rebound in the IT industry seen in the second half of 2009 will continue into this year, Intel announced that it earned $4.4 billion on $35.1 billion in revenues in the fourth quarter. CEO Paul Otellini touted the new 32-nm PC and server chips in 2010 ...

CLSA has upgraded Noble Group (N21.SG) to “buy” from “sell” as says commodities supply chain manager set to benefit from increasing demand, higher commodity prices. The brokerage says coal and iron-ore demand are picking up, reviving industrial demand to drive steel volume growth. Read more...

Shares of high-end Singapore’s developers rally as investors bet sales of luxury homes will get a boost as the opening of the city-state’s two casino-resorts revives foreign buying interest. SC Global Developments (D2S.SG) has risen 8.8% to $1.86, Ho Bee Investment (H13.SG) is up 5.2% to $1.82, while Wing ...

Singapore Airlines, the world’s second-biggest carrier by market value, plans to add flights to the US and south Asia amid a revival in travel demand. Singapore-to-Newark will return to a daily service from the current five-times-a-week starting Jan 19, the airline said in a stock exchange statement today. Extra Mumbai ...

Singapore’s luxury property segment likely to maintain strong sales momentum in 1H10, says UOB KayHian. This segment witnessed the highest number of transactions during November with 362 units accounting for about 60% of total sales. The brokerage notes the increase in new project launches as developers move to ...

After a slow start, U.S. employers are again gobbling up the controversial H-1B work visas. With a surge in demand over the last two months, the total number of H-1B visa petitions granted so far in 2009 is 58,900. The government caps the visas at 65,000 per year. ...

Singapore Exchange’s iron ore swaps volumes jumped to a record last month on increased demand from steel mills, traders and shipping companies in Asia. Cleared contract volumes rose to almost 1.5 million metric tons in November, SGX AsiaClear said yesterday in an e-mailed statement. The value of the contracts was ...

Flextronics International, a manufacturer of electronics for other companies, will increase hiring in its factories in China by about 10% next year to cope with rising customer orders, an executive said.   The contract manufacturer plans to hire 40,000 people in its China plants in 2010, Grace Wong, vice-president of human resources ...