Tuan Sing Holdings says it posted a net profit after tax attributable to shareholders of $68.2 million for the year ended 31 December 2010, an increase of 53% compared to last year.
Property generated profit after tax of $52.3 million, driven by strong sales and profit recognition on Lakeside Ville Phase III in Shanghai and a fair value gain of $28.6 million largely from investment properties in Singapore.
Chasen Holdings, the relocation specialist for sophisticated machinery and equipment, says its Shanghai unit has successfully clinched two relocation projects in China. The projects, which involve the relocation of TFT LCD plants, have a combined value of RMB58.45 million ($11.37 million).
The first project, worth RMB8.45 million, involves the turnkey relocation of a 3rd-generation LCD factory from Kunshan in Jiangsu to Changsha in Hunan. Services rendered by Chasen Hi-Tech will include packing and moving out from the Kunshan plant, transporting the equipment to and moving them into the Changsha plant. The project will be conducted from January to March 2011.
IT professionals from India are welcome to China “because they are very good”, said a Communist Party of China leader during an interaction here with Nitin Gadkari, the first BJP president to visit the country. Ding Xuexiang, member of the Standing Committee of the Communist Party of China, Shanghai, told Gadkari that the Indian community [...]
Bharatiya Janata Party (BJP) president Nitin Gadkari Saturday said his party favoured resumption of the India-Pakistan dialogue, but only after Islamabad dismantled all terrorist training camps in its territory and stopped cross-border terrorism from its soil. Speaking to Indian journalists in Beijing, Gadkari said Pakistan has failed to take action against the perpetrators of the [...]
“Singapore’s equities are reacting in response to near term weakness in Shanghai,” says Yeo Kee Kian, a market strategist with DBS Vickers.
There is “consensus across the political spectrum in India for cooperative and cordial ties with China”, said BJP president Nitin Gadkari, who is here on a five-day visit. Gadkari, who arrived here Wednesday, said he was looking forward to meetings with senior leaders of the Chinese Communist Party for talks on a wide-range of issues. [...]
Filmmaker Dibakar Banerjee, who has brought actors Emraan Hashmi and Abhay Deol together for the first time for his film “Shanghai”, says they will be seen in a new light in his movie. “I have been aware of how people look at Abhay… they see him as this black sheep and dark horse. And I [...]
A benchmark index of Indian equities markets Tuesday rose in noon trade, helped by strong earnings reported by corporates. Gainers in front-line stocks were led by IT and telecom firms. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,983.2 points, was ruling at 19,008.28 points — up 126.03 points [...]
I reckon if I was on the up in one of China’s numerous but lesser known provinces, I might about now be thinking about buying that long dreamed of new car before the local bureaucrats – perhaps inspired by recent moves in Beijing – stick up any more regulatory and/or fiscal roadblocks.
Hot after the Beijing city government’s move to restrict the number of new cars allowed on to the burg’s already crowded roads this year to 240,000 – a third of last year’s tally – came news today of a proposal, and it is so far only a proposal, by a local official to restrict new vehicle purchases in Zhejiang, a province south of Shanghai (on the roads of which I experienced gridlock first hand last year), to businesses or individuals paying over CNY50,000 (US$7,600) of taxes annually.
Limiting motorists’ freedom in the name of reducing congestion and/or pollution is an old bureaucrats’ trick that began with the first parking meters followed closely by the first tickets for overstaying your nickel or sixpence’s worth.
Today it’s registration restrictions in Singapore and Beijing, the London Congestion Charge and so on. But, as certain UK city rulers outside London learned to their cost when they tried to copy then-London mayor Ken Livingstone’s scheme, the public won’t accept congestion charging and the like unless good, reasonably priced, flexible public transport is in place. Hence congestion charging proposals being roundly rejected in some of our cities.
But there’s only so many roads and so many cars which will fit. And I breathed enough ozone-laced Shanghai air in a few days there last October to last a lifetime.
Something has to be done in China, and in other emerging economies, like India, beyond cleaning up vehicle exhausts and fuel, as is already happening. Restrictions on use may prove unpopular but essential in the end.
I fear the recent moves in Beijing and Zhejiang province may not be the last.
A benchmark index of Indian equities market Monday was ruling dull, amid sombre cues coming from other major Asian markets. Broader markets saw profit booking. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,911.43 points, was ruling at 18,874.17 points — up 13.73 points or 0.07 percent from its [...]
Trading was volatile in Indian equities markets Tuesday with a key benchmark index ruling in a tight range though 98 points higher. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 19,279.77 points and was ruling at 19,322.9 points, up 98.78 points or 0.51 percent from its previous close at 19,224.12 points. [...]
The STI is down 0.6% at 3,241.92 at 3:17 p.m., pulling back sharply in the afternoon, tracking falls in Shanghai and Hong Kong bourses which extend losses after China’s weaker-than-expected December exports, sparking fears over a slowdown in Asia’s economic engine.
A benchmark index of the Indian equities market Monday was ruling weak amid negative cues from other major Asian markets. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,714.42 points, was ruling at 19,487.06 points, down 204.75 points or 1.04 percent from its previous close at 19,691.81 points. It [...]
A benchmark index of the Indian equities market Thursday was ruling 94 points down in afternoon trade amid mixed cues from Asian markets. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,395.5 points, was ruling at 20,207.51 points, down 93.59 points or 0.46 percent from its previous close at [...]
A benchmark index of Indian equities Wednesday was ruling 115 points lower around noon, with even broader markets subdued. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,509.95 points, was ruling at 20,386.62 points, down 115.45 points or 0.56 percent from its previous close at 20,498.72 points. At the [...]
A benchmark index of Indian equities Tuesday was ruling dull around noon, having dropped from its early highs. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,617.38 points, was ruling at 20,490.69 points, down 70.36 points or 0.34 percent from its previous close at 20,561.05 points. At the National [...]
Singapore developer Keppel Land (KLAN.SI) said on Thursday it has purchased a 17.2 hectare site in the Chinese city of Nantong for 1.04 billion yuan ($202.8 million). Keppel will develop lakefront residences in Nantong which is near Shanghai.
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A benchmark index of Indian equities market climbed 0.50 percent in the morning session Monday on positive cues from other Asian markets. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened marginally in the red at 20,062.60 points from the previous close of 20,073.66 points. However, it was in the positive within [...]
China Eastern Airlines Corp., Singapore Airlines and partners agreed to combine three air-cargo carriers to bolster their presence in Shanghai, mainland China’s busiest freight hub.
China Eastern, Singapore Air’s cargo unit, a unit of Taiwan-based EVA Airways Corp. and China Ocean Shipping (Group) Co. will invest a total of 2.05 billion yuan ($405 million) in China Cargo Airlines to support its acquisition of two other freight carriers, according to a Hong Kong stock exchange statement today.
