Sprint announced the first of several planned international 4G roaming agreements. In Jamaica and Taiwan, Sprint customers can now roam on host 4G networks with $15 day passes. – Sprint
customers now have access to 4G networks when travelling in Taiwan and Jamaica,
the carrier announced Jan. 31. Through new partnerships with Digicel in Jamaica
and Global Mobile in Taiwan, Sprint customers with Sprint 4G devices that
feature the Sprint SmartView Connection Manager will be…
Taiwan’s Financial Supervisory Commission approved Dukang Distillers Holdings’ plan to sell NT$2.21 billion ($98 million) of Taiwan Depositary Receipts, the regulator said in a statement on its website. Singapore-listed Dukang makes spirits principally in China.
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RIM PlayBook and Motorola Xoom tablet orders to Taiwanese hardware makers point to 2 million in first-quarter shipments for the Apple iPad challengers. – Demand and expectations are indeed high for tablet computers that aren’t
branded iPad, according to reports from component makers out of Taiwan.
Digitimes reported that Quanta Computer has begun
producing 1 million Research In Motion PlayBook tablets for the first
quarter, underscoring pent-up…
Malayan Banking Bhd., Malaysia’s biggest lender by assets, offered to buy Singaporean brokerage Kim Eng Holdings Ltd. in a deal valued at $1.79 billion, accelerating its expansion in Southeast Asia.
Maybank, as the Kuala Lumpur-based company is known, agreed to buy a 44.6% stake in Kim Eng from Taiwan’s Yuanta Securities Asia Financial Services and Kim Eng Chairman Ronald Anthony Ooi Thean Yat at $3.10 a share, the companies said in separate statements today. That’s a 36% premium to the stock’s average price over the past 20 days.
Maybank, as the Kuala Lumpur-based company is known, agreed to buy a 44.6% stake in Kim Eng from Taiwan’s Yuanta Securities Asia Financial Services and Kim Eng Chairman Ronald Anthony Ooi Thean Yat at $3.10 a share, the companies said in separate statements today. That’s a 36% premium to the stock’s average price over the past 20 days.
Malaysia’s Maybank (MBBM.KL) is to acquire a stake in Singaporean stock broker Kim Eng (KEHS.SI) from a Taiwanese investor, a source with direct knowledge of the deal told Reuters on Thursday.
Taiwan’s Yuanta Financial Holdings (2885.TW) owns about 28% of Kim Eng.
Shares in Maybank and Kim Eng were suspended from trade on Thursday.
A Maybank official said the company would hold a press conference later in the day but declined to elaborate.
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Singapore shares may rise on Tuesday after Wall Street climbed overnight in its first session of the year, buoyed by strong U.S. manufacturing data. Singapore’s benchmark Straits Times Index <.FTSTI> rose 1.43% on Monday to 3,235.77 points. Here are some stocks and factors to watch:
Shares of Singapore-listed ship-chartering firm Marco Polo Marine (MAPM.SI) may be in focus after it said on Monday it plans to issue Taiwan depository receipts (TDR) to broaden its investor base.
Singapore’s ship-chartering firm Marco Polo Marine (MAPM.SI) said on Monday it plans to issue Taiwan depository receipts (TDR) to broaden its investor base.
Marco Polo Marine is in the process of hiring external financial institutions to begin preparatory work for the TDR issue and it will apply for regulatory approval with the relevant Taiwanese authorities, the firm said.
It will decide further details of the proposed TDR issue at a later stage, Marco Polo Marine said in a statement.
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Singapore-based Technics Oil & Gas won Taiwan approval to sell 80 million Taiwan Depository Receipts, each representing 0.5 common share, according to a document sent to underwriter Polaris Securities Co. from the Financial Supervisory Commission in Taipei.
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Shares of ECS Holdings (ECSH.SI), a Singapore-listed IT products distributor, rose as much as around 6% to a record high after it told Reuters it hopes to raise around US$50 million ($64.8 million) from the listing of its Taiwan Depository Receipts.
At 2:57 p.m., ECS shares were trading at $0.83 on a volume of 735,000 shares, nearly triple its average trading volume in the last 30 days.
DigiTimes reports according to sources in Taiwan, Apple is upping the shipment estimates for Q1 2011 for the iPhone. The rumor includes 5-6 million CDMA iPhones to ship that quarter. Hackulous is a hacker store that offers pirated apps for Jailbroken iPhone users. The developers of the community have announced a new way to upload [...]
Logitech has called for a freeze on Google TV components from Gigabyte Technology, marking the second instance where Google requested hardware delays so it can refresh the software. – Logitech has told Taiwan’s Gigabyte Technology to freeze shipments
of the Logitech Revue companion boxes that power Google TV from December through
January, according to Digitimes.
The publication said Logitech made the request to allow Google to finish upgrading the Android-based
Google TV soft…
Technics Oil & Gas says the company has received approval from the Taiwan Central Bank and in-principle approval to the proposed TDR issue from the GreTai Securities Market of Taiwan. Technics says it will next seek approval from Taiwan Financial Supervisory Commission, Executive Yuan, Securities and Futures Bureau.
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Taiwan will formally start talks with Singapore on a trade accord early next year after signing an agreement with China in June.
Feasibility studies show an economic cooperation agreement would offer “significant mutual benefits,” the trade offices of the two sides said in a joint statement today. The statement didn’t give details of dates or where the talks will be held.
Singapore said Wednesday it will begin formal negotiations with Taiwan on a trade liberalization deal early next year, after both sides concluded separately that such a pact would be mutually beneficial.
The announcement, made by the Singapore Trade Office in Taipei and its Taiwanese counterpart in Singapore, comes six months after Taiwan sealed a groundbreaking trade agreement with China.
Industry analyst firms, including Forrester Research, have ranked IBM No. 1 in services. The company has a varied services portfolio led by IBM GBS (Global Business Services) and IBM GTS (Global Technology Services). IBM GBS operates in more than 160 countries and provides clients with deep business process and industry expertise across 17 industries. IBM officials say their GBS is the worlds largest service provider in business consulting, system integration and application services. GBS helps clients implement solutions that deliver business outcomes with far-reaching impact and sustainable results, whether thats designing and implementing new service after sales business models, revolutionizing the business model for automotive insurance with innovative technology or becoming one of the leading logistics providers for supply chains. IBM works with its clients to identify the level of change that suits their needs and will result in actionable change and sustainable outcomes. Meanwhile, IBM officials said IBM GTS is the world’s largest IT services and consulting provider, with about 190,000 professionals in 160 countries. For instance, IBM’s GTS business in Greater China (Hong Kong, Taiwan, China) addresses the entire spectrum of its clients’ business needs, from business transformation and industry expertise of IBM’s consulting business to hosting, infrastructure, technology design and training services. GTS provides services such as business continuity and resilience, user services, integrated communication services, IT strategy and architecture services, maintenance and technical support services, middleware services, outsourcing services, security and privacy services, server services, site and facilities services, and storage and data services. – …
Apple’s manufacturers could start shipping its next-generation iPad in February 2011, according to a new report from DigiTimes. – Apple’s manufacturers could be prepping a next-generation iPad for shipment
within the next 100 days, if a report from DigiTimes proves correct.
According to
that publications Dec. 7 article, “sources from Taiwan-based component
makers” indicated “that the iPad 2 will ship as soon as the end of …
Weekend Comment Dec 3: Osim goes to Taiwan
The TDR listing aims to broaden and diversify the company’s shareholder base and provide it with an additional fund-raising platform for future expansion. Osim had previously mentioned that it would consider acquiring new brands in China to boost its presence in that country. The listing will also “strengthen public awareness of the Osim brand in Taiwan, which has been a key market for Osim products since 1987,” the company said in a statement on Dec 2.
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