ST Engineering today announced that STSE Engineering Services (STSE) has incorporated a wholly-owned subsidiary, STSE Engineering Services (B) Sdn Bhd (STSEB), in Brunei.
STSE is a wholly-owned subsidiary of Singapore Technologies Marine, the marine arm of ST Engineering.
CWT, the provider of integrated logistics solutions, today announced the formation of a new company, Straits Financial LLC, to clear futures and derivatives trades for its clients. Presently, the company is in the process of registering with the National Futures Association (NFA) as a United States Futures Commission Merchant (FCM) and applying for clearing memberships with the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT).
Paul Volcker spoke at the Chicago Federal Reserve Bank on September 23rd, as part of a symposium co-sponsored by the IMF.He said:The financial system is broken. We can use that term in late 2008, and I think it’s fair to still use the term unfortuna…
CIMB in a July 14 research report says: “HLA’s 72.6%-owned subsidiary Tasek Corporation announced yesterday that its wholly-owned subsidiary has entered into a conditional sales and purchase agreement to dispose of an oil palm estate in Perak for a cash consideration of RM53.9 million.
The chief executive of NCS, a subsidiary of Singapore Telecommunications (STEL.SI), will retire on July 14, the parent company said in a statement.
Lim Eng, who is 54 and has worked in Singtel for 30 years, will be replaced by Chief Operating Officer NCS Chia Wee Boon.
NCS provides IT and communication engineering services and has offices across Asia, serving clients in banking, healthcare, aviation and education sectors.
Singtel’s CEO for international operations Lim Chuan Poh is also set to retire at the end of this year, the company announced earlier in June.
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UK-based FrontPoint Management LLP, a unit of Morgan Stanley (MS.N), bought 110,000 more shares of Parkway Holdings (PARM.SI) at $3.85 a share for an investment client, the bank said in an exchange filing.
This adds to the 75,000 Parkway shares that FrontPoint bought last week at $3.83 a share for a “discretionary investment client”.
UK-based FrontPoint Management LLP, a unit of Morgan Stanley <MS.N>, has bought 75,000 shares of Parkway Holdings <PARM.SI>, Asia’s biggest listed hospital operator, for $3.83 a share for an investment client, the bank said in an exchange filing.
United Fiber System says wholly-owned subsidiary Poh Lian Construction has been awarded a building contract from Prime Residential Development, a subsidiary of Kajima Overseas Asia.
Hearst subsidiary Skiff will roll out an e-reader at the Consumer Electronics Show in Las Vegas later this week with an 11.5-inch touch screen based on a flexible sheet of stainless-steel foil, a device whose size and flexibility the company hopes will make it an appealing way for users to read newspapers and other periodicals electronically. Sprint will provide 3G connectivity for the device, whose price point has not yet been announced. Despite being termed a niche product by some analysts, e-readers saw their popularity soar in 2009.
– E-readers were one of the hottest items for consumers during the holiday
2009 shopping season, and they may become one of the big hits of this weeks
Consumer Electronics Show in Las Vegas,
at least based on the companies rolling out their own versions at the event.
Given that e-readers have bee…
Austria is moving to nationalize Hypo Group Alpe Adria (HGAA), the country’s sixth largest bank. HGAA’s current owners, however, including Bavaria’s state bank, will contribute over a billion euros to the deal.
Fraser & Neave says its subsidiary, Times Publishing Limited (TPL) has entered into a conditional sale and purchase agreement to sell its 100% shareholding interest in Times Educational Services (TES), a wholly-owned subsidiary of TPL, for an aggregate consideration of US$200,000 ($277,292).
Nera Telecommunications says its wholly-owned subsidiary, Nera (Philippines), Inc., has received orders from a cellular operator in the Philippines to supply, deliver, install and maintain Microwave Transmission Equipment.
The purchase orders have an aggregate value of $7.1 million.
