Singapore

Memtech third quarter profit doubles to US$3mln

Memtech third quarter profit doubles to US$3mln

The company to focus on touch screen panel operations, with production of high end capacitive touch screen panels targeted to start in 2011.

King Wan six month profit up 184% to S$12.8mln

The group maintains S$143mln order book, of which, S$28.9mln worth of contracts were secured in second quarter FY2011.

Boustead profit down 25% to S$8.1mln

The Group’ maintains healthy net cash position of S$183.9mln at the end of second quarter of FY2011 as its Energy-related engineering revenue up 34%.

Old age slowing 'em down: A combined 70% of IT execs admit to running apps as old or even older than their kids

Application modernization is companies' top priority for 2011 as they reach a consensus that the costs, resources and time required updating and maintaining legacy applications negatively impacts their ability to quickly deliver new services, according to a new survey conducted fon behalf of HP.

Still no place like home: 70% of investors averse to expanding their portfolios abroad

Singapore and Hong Kong are the only Asian countries attractive to 30% of investors prepared to venture outside their local markets, a new survey revealed.

Bangladeshi brokerage firm partners with Macquarie Securities Group to advance market research

BRAC EPL Stock Brokerage Limited's research agreement with MSG enables MSG’s clients to receive co-branded equity research on Bangladesh.

J.P. Morgan appointed depositary bank of one of China's leading IELTS examiner

Global Education and Technology Group Ltd expects to use the capital from the 7,331,250 ADSs it has issued – priced at USD 10.50-- to expand its working capital and further its operations in China.

CapitaMalls Asia to invest S$747.2mln in Shanghai mall and office development

The site in Luwan district will be well positioned to serve the affluent residents and working professionals.

Keppel Land to issue S$500mln convertible bonds

Proceeds will be used to finance potential acquisition opportunities in the future, to refinance existing debts and for working capital purposes.

KSH Holdings first half profit at $8.5mln

The group reports order book of S$243.0mln and balance sheet and working capital position with cash and cash equivalents of S$69.2mln.

Kim Eng increases equity interest in ATR KinEng Fixed Income

Increase of 320,000 shares to 1,520,515 shares was driven by stock dividend of 400,515 shares and the issue of 800,000 new shares paid to Rezan.

Fortune REIT finishes strong in 3Q, revenue income up by 23.5%

The Singapore-listed trust's net property income also grew by 24.5% to HK$444.5 million for the first nine months of 2010 as improved economic conditions revive interest in acquiring properties.

Sarasin forms Wealth Management Solutions division for Asia

The team, which will be headed by Anne Luke as a Managing Director, will be responsible for originating, structuring and executing sophisticated tailor- made solutions for clients.

Hazy future for Hyflux due to thinning orderbook

The company’s 3Q10 performance exceeded expectations but outlook is dampened because of the project delay in Libya.

Fitch assigns expected 'A+' rating to OCBC's subordinated notes

The rating on the Subordinated Notes—due 2022 callable in 2017—is one notch below OCBC's 'AA-' Long-term foreign-currency Issuer Default Rating (IDR).

74% of Singaporeans happy with their current jobs, but would be happier if their paychecks are raised

Over three-quarters of employees in Singapore are content with their present employers-- with under two-fifths planning a job switch over the next 12 months— but they also expect a year-end salary increase.

TMS Academy appoints new regional director

TMS Asia-Pacific CEO Andrew Chan has appointed strategic business expert Adelyn Ngion to take management responsibility for the company’s globally-spread executive training division.