Singapore’s STI is up 0.1% at 3251.94 midday, continuing its rangebound consolidation. REITs and banks are mostly higher, while palm stocks are strong on rising commodity prices and bullish supply/demand dynamics for CPO; property developers are mostly lower.
Posts Tagged ‘rise’
SembMarine +1.4% on new orders, peers also rise
January 18th, 2011 |
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SembCorp Marine (S51.SG) is +1.4% at $5.21 in healthy volume, against the STI +0.1%, after the company says it secured a newbuild contract for a dynamically positioned research vessel and three upgrading contracts, totalling $215 million.
While analysts’ bullish views on demand for high spec jackup rigs have cheered investors as SMM and Keppel (BN4.SG) are key beneficiaries (60% market share in new jackup orders in 2010), these orders are likely generating interest as they highlight SMM’s strong capabilities in the highly specialized niche and customized vessel sector.
“EU skepticism on rise due to economyâ€
January 16th, 2011 |
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Experts believe that the economic situation is the reason why Serbian citizens’ support for the EU integration is declining.
Next week will be very important for Serbia’s European integration since the European Parliament should adopt the resolution on Serbia and ratify the Stabilization and Association Agreement (SAA).
Singapore retail sales excluding vehicles rise for 13th month
January 14th, 2011 |
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Singapore’s retail sales excluding motor vehicles gained for a 13th straight month in November as rising wages and record tourist arrivals spurred spending.
The index measuring purchases excluding automobiles climbed 5.4% from a year earlier, after gaining a revised 5.6% in October, the Statistics Department said in a statement today. Including vehicles, which are sold subject to government caps, total retail sales fell 2.4%, matching the median forecast in a Bloomberg News survey of eight economists.
Singapore plans more housing curbs as prices rise to record
January 13th, 2011 |
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Singapore will raise down payment requirements for second mortgages and extend the period homeowners must hold properties to avoid a sales tax as it steps up efforts to curb speculation after prices rose to a record.
Individuals with more than one mortgage can only borrow up to 60% of a property’s value, down from 70%, the government said in a statement yesterday. On loans to entities other than individuals it will be reduced to 50% from 60%. Sellers will now have to pay a stamp duty for all homes and land sold within four years of purchase, from three years.
Singapore imposes more housing curbs as prices rise to record
January 13th, 2011 |
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Singapore will raise down payments for second mortgages and extend holding periods for properties starting tomorrow after home prices rose to a record last quarter, intensifying the nation’s efforts to curb speculation.
Individuals who hold more than one mortgage can only borrow up to 60% of a property’s value, versus 70% previously, the government said in a statement today, while loans to entities other individuals will be cut to 50% from 60%. A seller’s stamp duty will apply to all residential units and land sold within four years of purchase, from three years now.
Jan 13: Singapore stocks may rise as Europe debt woes ease
January 13th, 2011 |
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Singapore shares may rise on Thursday, tracking gains in U.S. markets overnight as a successful bond auction by Portugal eased investors’ fears about the euro zone debt crisis.
Singapore’s benchmark Straits Times Index <.FTSTI> gained 0.11% on Wednesday to 3,244.94 points.
PCI DSS Spending to Rise as Businesses Buy In: Survey
January 12th, 2011 |
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During the past several years, the Payment Card Industry Data Security Standard& or PCI DSS& has in some ways stood out as a model of industry self-regulation. Born from internal standards from American Express, MasterCard, Visa, Discover and the Japan Credit Bureau, PCI DSS was synthesized together to align the policies of the payment card industry in order to prevent credit card fraud. In the past several years, the standard has undergone its share of changes, culminating with the recent release of PCI DSS 2.0. While passing a PCI DSS checklist should not be taken as evidence that security is foolproof, it is also true that an analysis released by Verizon in October 2010 found breached organizations are 50 percent less likely to be compliant than a normal population of clients using its PCI assessment service. But all roses have thorns. In a Cisco-sponsored survey, InsightExpress questioned 500 IT decision makers about PCI DSS, offering a window into some of the challenges and costs associated with compliance as well as what technologies they are adopting to meet those requirements. Some of the answers may surprise you. – …
Ezra posts 25% rise in 1Q revenue to $98m
January 12th, 2011 |
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Ezra Holdings, the integrated support and marine services provider in the offshore oil and gas (O&G) sector, reported a 25% year-on-year increase in revenue to US$75.9 million ($98 million), for the first quarter ended 30 November 2010 (1Q FY11).
Ezra says the strong growth in revenue was spurred by two of its divisions: deepwater subsea services and marine services.
PM-led meet on price rise ends inconclusively
January 11th, 2011 |
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A meeting Prime Minister Manmohan Singh held with senior cabinet ministers and officials Tuesday, to discuss measures to check rising food prices, ended inconclusively. According to a senior official, the high-level meeting will take place again Wednesday or Thursday. The meeting began around 10.30 a.m. at the prime minister’s 7, Race Course Road residence. Finance [...]
Technics Oil and Gas posts 62% rise in 1Q net profit to to $3.2m
January 10th, 2011 |
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Mainboard-listed Technics Oil and Gas, the full-service integrator of compression systems and process modules for the global offshore oil and gas sector, says net profit attributable to equity holders of the company climbed 62% to $3.21 million for the 3 months ended 31 December 2010 (1QFY2011) from $1.98 million for the 3 months ended 31 December 2009 (1QFY2010).
Tiger Air reports 32% rise in passengers in 12 months to December; load factor in December …
January 10th, 2011 |
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Tiger Airways has reported solid passenger volumes and load factors in December.
For the month of December, Tiger Air carried 555,000 passengers, a 22% increase compared to the same month last year. The average load factor across Asia and Australia for the month was 91%, an increase of 1 percentage point over December 2009.
India’s rise welcomed as positive factor: PM
January 8th, 2011 |
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Prime Minister Manmohan Singh Saturday said the world expected India to play a more important role in the global polity and economy as the country’s rise as an emerging nation was seen as a positive factor in international relations. “The world expects India to play a more important role in the management of global polity [...]
TEE International posts 54% rise in half-year net profit to $6.9m
January 6th, 2011 |
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Mainboard-listed TEE International, the engineering and integrated real estate and facilities management group, says net profit after tax increased 53.6% to $6.9 million for the six months ended 30 November 2010 (HY2011) from $4.5 million in HY2010.
Revenue for HY2011 surged 222.3% to $114.1 million compared with $35.4 million registered in the same period last year due to ongoing large-scale and new projects awarded to the group.
Ted Williams’ Mom Talks Homeless Radio Announcer’s Rise To Fame On “The Early Showâ€
January 6th, 2011 |
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Ted Williams is on an incredible 48-hour journey that has seen him go from being homeless to being on top of the world. Job offers are pouring in after a YouTube video of the talented former radio announcer displaying his “Golden Voice” made the down-and-out sober alcoholic the first viral star of 2011. On The [...]
Maruti Suzuki’s December sales rise 39.7 percent
January 4th, 2011 |
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Automobile major Maruti Suzuki sold 99,225 units in December 2010 against 71,000 units in the like period of 2009, registering a 39.7 percent increase in its sales, a company release said. “In December 2010, sales were up 23.5 percent in A2 and 19.4 percent in A3 segment. In C segment, the company recorded a growth [...]
Software outsourcing sees drastic rise in demand! Posted By : Indusa Technical Corp.
January 4th, 2011 |
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Software outsourcing companies and offshore software development firms are on the rise as every day there are more and more developers available at cost-effective prices.
Seadrill buys two rigs, shares rise: Update
January 3rd, 2011 |
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Norway’s Seadrill (SDRL.OL) said on Monday it would acquire two ultra-deepwater semi-submersible drilling rigs, sending its shares higher.
Shares in Seadrill rose 1.9% to 201 crowns in the opening trade, outperforming a 0.8% rise in the Oslo stock exchange benchmark index.