Boustead Singapore says it has won a contract of an undisclosed amount to design, build and lease an integrated private jet sales and maintenance, repair and overhaul facility for Hawker Pacific Asia at Seletar Aerospace Park. Expected to be completed in 1Q 2012, the facility has a gross floor area of 9,400 square metres.
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Automobile major Maruti Suzuki registered a 14.74 percent rise in its sales at 109,743 units in January as against 95,649 units during the like period of 2010. The sales include 9,321 units of exports during the month, the company said in a statement. The company had sold a total of 95,649 vehicles in January 2010, [...]
Two and three wheeler maker TVS Motor Company Ltd closed January with an overall sales growth of 30 percent. The company sold 165,152 units (two wheelers 161,725 units, three wheelers 3,427 units) last month, up from 127,288 units (two wheelers 125,578 units, three wheelers 1,710 units) sold during January 2010. The cumulative sales for the [...]
Government of Singapore Investment Corp., a sovereign wealth fund with US$100 billion ($128.4 billion) of reserves, bought some of the European debt issued to finance Ireland’s bailout, Deputy Chairman Tony Tan said.
“We believe the bond is relatively safe given how it’s structured and it gives us reasonable yield,” Tan said in an interview at the World Economic Forum in Davos, Switzerland. GIC will consider buying more European rescue debt in future sales, he said.
Microsoft’s earnings call dominated its week, with news of strong Kinect sales. Microsoft also fought TiVo and a Salesforce.com hire. – Microsofts
week was all about the numbers, courtesy of its Jan. 27 quarterly earnings
call.
For the three
months ended Dec. 31, Microsoft chalked up $19.95 billion in revenue and $6.63
billion in net income. It sold some 8 million Kinect units in the hands-free
controllers first 60 days of rel…
Microsoft could use its Jan. 27 earnings call to highlight Windows 7 and Windows Phone 7 sales, and cloud-services adoption. But its profits could lag behind Apples. – Microsoft is set to announce its latest quarterly earnings
after the market closes Jan. 27.
Analyst estimates
posted by Thomson Reuters suggest the companys overall sales will hit
$19.15 billion, a slight year-over-year uptick, and $5.93 billion in profit.
Should the latter number come to pass…
Scosche unveiled the new flipSYNC II at CES a few weeks back. It has announced that the iPhone and iPad specific version of the cable is now available for about $20; the new versions have full size connectors. AT&T has unveiled that it has had 4.1 million iPhones activated in Q4 2010. It also noted [...]
Sales in the quarter declined 6% to $133 million from $141 million, the company said in a statement to the Singapore stock exchange today.
Without an Apple iPhone to help boost sales and grow customer numbers, T-Mobile is banking on Android, an eventual move to LTE and potentially selling its towers. – Deutsche Telekom-owned T-Mobile, America’s
fourth-largest carrier after Verizon Wireless, AT amp;T and Sprint, is gearing
up to more effectively compete against its larger rivals. Without an Apple
iPhone to help it, the carrier’s game plan includes eventually upgrading to an
LTE (Long-Term Evolu…
Industry researcher iSuppli predicts NAND flash revenue this year will reach $22.0 billion, up 18 percent from $18.7 billion in 2010 (itself a 38 percent rise over 2009). – Apple and several other
companies aren’t only changing the world as we know it when it comes to
portable phones, music devices, and tablet PCs. They also are recharging the
supply markets in a big way.
Because NAND flash memory provides the storage media for most of those consumer
electronics…
Apple sold record numbers of iPads, iPhones and Macs during its fiscal first quarter of 2011, earning also its highest-ever revenue and income. – Apple announced record sales of iPads, iPhones and Macs, as well as its highest-ever earnings and revenue, during a Jan. 18 conference call announcing the results of its fiscal 2011 first quarter, which closed Christmas Day.
“We had a phenomenal holiday quarter…” Apple CEO Steve Jobs said in a sta…
Despite Apple CEO Steve Jobs’ medical leave, analysts are bullish on Apple’s Q1 financial results. Piper Jaffray’s Gene Munster sees iPhone and iPad as keys to a great quarter. – Strong December sales for the iPad and iPhone
could push Apple’s earnings above Wall Street’s current expectations of $5.40
earnings per share on sales of $24.43 billion, according to research firm Piper
Jaffray.
quot;iPhone and iPad remain somewhat of a wildcard,
albeit positive, and we belie…
Strong sales of Microsoft’s Kinect platform couldn’t keep video game industry sales from slumping in 2010, NPD reports. – Video game sales were flat for 2010, according to The NPD Group, whose research
showed that total consumer spending on gaming content in 2010 was down by as
much as 1 percent compared with 2009.
The preliminary estimate for total consumer spending on gaming content including
new physical video a…
Analyst opinion on how the Verizon iPhone 4 will impact Android handsets is mixed. Most agree the Verizon iPhone will lure customers from AT&T, but will it lure Sprint and T-Mobile customers, too? – Most high-tech analysts in the free world agree the CMDA-based
Verizon iPhone 4 will impede both AT amp;T’s iPhone sales and the growth of
Google Android handsets on Verizon Wireless’ network.
Few agree, however, on just how much Android will be
affected. EWEEK found some analysts who have some …
Shares of Amtek Engineering (AMEL.SI), which manufactures precision engineering, plastic and rubber components, rose as much as 6.1% on Friday as investors were bullish that the firm would benefit from China’s buoyant car market.
At 3:08 p.m., Amtek shares were up 3.8% at $1.37 on a volume of 9.1 million shares. The broader Straits Times Index <.FTSTI> was down 0.3%.
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.
Country crooner Chely Wright made history last May when she came out as a lesbian during a revealing chat with PEOPLE Magazine. The revelation, which was plastered across the front cover of the celebrity weekly, made Chely the first openly gay woman in the world of guitars, pickup trucks, and the Grand Ole Opry. Oh [...]
Global IT spending is due to increase in 2011, even as hardware sales decline because of a strong growth in software and mobile devices, according to Forrester Research and Gartner. – Global IT spending is expected to grow overall in 2011,
according to two different analyst reports. However, both Gartner and Forrester
analysts said spending in the PC segment will be impacted the increasing
popularity of tablets and smartphones.
Global IT spending will grow 7.1 percent to $1.7…
WBL Corp’s unit Multi-Fineline Electronix (MFLEX), the provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry, says it expects to report net sales in the first quarter of $241 million in the first quarter of fiscal 2011 ended Dec 31, 2010, an increase of 5% from net sales of $229.5 million in the same quarter last year.
Gross margin during the first quarter of fiscal 2011 is expected to be 14.2%, compared to 15.9% for the same period in the prior year.
Skoda Auto, the Volkswagen-owned Czech carmaker, said Thursday that its sales rose 11.5 percent in 2010 year-on-year, in what amounted to the firm’s new record. The firm said in a statement that it sold 762,600 cars last year compared to 684,200 cars in 2009. “In almost all markets, we have had significant growth and increased [...]
