UTI spreads its wings across overseas markets Nov 20, 2009
Plans include new funds based in Luxembourg and Singapore, to add to its existing palette of focused, generic and feeder funds, managing T Rowe Prices existing $2-billion investments into India, and a thrust into the private banking and wealth management arena ... UTI International, UTI AMCs overseas arm, listed in Guernsey and headquartered in London with offices in the Middle East and Singapore, will be the main vehicle for UTIs major push to increase its global footprint. (India Times)
Oil prices up in Asian trade Nov 20, 2009
"The reason that oil is up is probably due to the fact that many investors view pricing below 78 dollars a barrel as a buying opportunity," said Victor Shum, senior principal at energy consultancy Purvin and Gertz in Singapore. "The oil market has shown resistance against breaking through the 80-dollar level simply because the sustainability of economic recovery is still uncertain and oil fundamentals are weak.". (India Times)
Edelweiss, Tokio Marine to float life JV; seen lining up Rs 460 cr Nov 20, 2009
Several foreign investors, including the Government of Singapore and Galleon Partners, had snapped up a significant stake in Edelweiss, which was promoted by Rasesh Shah in 1995. Edelweiss is a leading player in investment banking, stock broking, wealth management and asset management. (India Times)
FIIs lap up Airtel, RCom shares Nov 20, 2009
Grapevine has it that a handful of top funds based in the US and Singapore have been mopping up shares of Bharti Airtel and Reliance Communications (RCom), especially the latter. Incidentally, it is rumoured that a chunk of the purchases in one of these stocks was made through one of the broking firms, which downgraded the stock. (India Times)
Nitesh estates plans to raise Rs 1000 cr via SPV share sale Nov 20, 2009
A person close to the matter said the hotel SPV would sell shares to private equity investors prior to its listing with a foreign stock exchange, preferably Singapore or London. The company would dilute over 70 per cent stake through stake sale and foreign listing , he added. (India Times)
Asia's airline industry showing signs of recovery Nov 20, 2009
" onclick="Next();" src="/images/butt_next. " Figures released Thursday by the 17-member AAPA showed its airlines carried 11.1 million passengers in October, a slight improvement over the previous month but still below levels seen a year ago. Despite signs of a recovery, the regional airline industry is still expected to turn in a collective loss for 2009, Herdman said. He did not give a figure for the losses expected this year but said the industry lost US 4.8 billion in 2008. The International... (Channelnewsasia.com)
Football: S'pore Lions return to hero's welcome after away win in Thailand Nov 20, 2009
com - Football S'pore Lions return to hero's welcome after away win in Thailand. " onclick="Next();" src="/images/butt_next. (Channelnewsasia.com)
Experts: Radical Containment Measures Wont Stop Swine Flu Nov 20, 2009
Argentina, Singapore, Malaysia and Egypt have also enacted radical swine flu prevention measures and all have been gripped by widespread outbreaks. What Is Swine Flu. (KWTX.com, TX)
LIST: What wine, champagne and port airlines offer Nov 20, 2009
List: What wine, champagne and port airlines offer - USATODAY.com. USA TODAY Today in the Sky. (USA Today -- Money)
Both haves and have-nots as state dinner invitations sent Nov 20, 2009
Last evening, Obama announced two more nominees for ambassador: career Foreign Service officer Harry K. Thomas for the Philippines and David Adelman, a Georgia state senator who raised between $100,000 and $200,000 for Obama, for Singapore. GLOBE STAFF. (Boston Globe)
Lecture on Migration and new issue of Garageland Magazine Nov 20, 2009
- Emily Hall Tremaine Foundation - KZNSA - KwaZulu Natal Society of Arts - Nicoletta Rusconi - Low Country Artisan Collective - Columbus College of Art and Design - Gallery at Penn College - Jancar Jones Gallery - National Museums Liverpool - Singapore Art Museum - Jewish Museum - GEM, Museum of Contemporary Art - Warsaw State Gallery - TEST - Galerie Port-Maurice - EE Fine Art - Sin Sin Fine Art, Annex - Royal Watercolour Society. indepth arts search: lect. (AbsoluteArts.com)
Top SKorean model found dead at Paris apartment Nov 20, 2009
Raised in Seoul and Singapore, Kim modeled in Asia before making her fashion week debut in Paris in 2007, modeling for Chanel, Dries van Noten and Maison Martin Margiela, among others, her agency said. She became a fashion week regular in New York, Milan, Paris and London and most recently appeared during Seoul fashion week in October, according to Esteem. (Chippewa Falls Chippewa Herald, WI)
It's Not a Junket, It's an Investment Nov 20, 2009
B-schools in Singapore received 305% more, and 112% more scores went to programs in China. One reason for the tilt away from American MBA programs: the move by U.S. lawmakers to restrict the hiring of foreigners on H-1B visas. (BusinessWeek)
MAS offers MHinsure insurance t air travellers Nov 20, 2009
KUALA LUMPUR: Malaysia Airlines (MAS) is making it easier for air travellers to buy travel insurance online by opening up MHinsure to Malaysians, Singaporeans and Australians. "With the opening of MHinsure to travellers in Malaysia, Singapore and Australia, we are confident we will see more than 70 per cent growth in premium sales by end of next year," said Muzzaffar Othman, MAS Senior General Manager in the Managing Director's Office. (The Star Online, Malaysia)
Asian airlines start to recover Nov 20, 2009
"Hopefully, we are at least through the worst of the downturn," Andrew Herdman, director-general of the Association of Asia Pacific Airlines (AAPA), told an industry forum in Singapore ... Singapore Airlines (SIA), an AAPA member, also sees a recovery under way ... 8 million Singapore dollars ($A124. (Sydney Morning Herald -- Business)
Chinese diners eat live fish on YOUTUBE... Nov 19, 2009
" Who are you to label an entire country a "cesspool"? I agree the fish thing absolutely disgusts me, but not all people in China act this way. My wife is from China, and I have spent time over there and I would suggest that people who eat dogs and fish in this manner are not the majority. Everyone of my wife's family memebers are sickened by people eating dogs and cats, along with all of my wife's friends from grade school and college. So next time try limiting your comments only to things... (The Drudge Report)
Oil higher on weak US$ Nov 19, 2009
"I don't see commodities repeating the boom-like surges," Roach said in Singapore. In other Nymex trading, heating oil lost less than a penny to settle at $2. (The Star Online, Malaysia)
LTA partners Google to provide traffic & transit information Nov 19, 2009
com - LTA partners Google to provide traffic it information. " onclick="Next();" src="/images/butt_next. (Channelnewsasia.com)
Cosmic rays may have hit Qantas jet Nov 19, 2009
COSMIC rays are being considered by air safety investigators as a cause of two rapid descents made by a Qantas Airbus on its way from Singapore to Perth in October last year. Air safety investigators brought down their latest report into the flight QF72 incident, in which more than 100 people were injured, finding there was equipment failure in one of three avionics boxes. (Sydney Morning Herald -- Australia)
U.S. Allies Weighing Sanctions Against Iran Nov 19, 2009
" Later, though, more than 100 people waved U.S. and South Korean flags and yelled, "Welcome, Obama, U.S.A." Obama's trip has included stops in Japan and Singapore and a longer, ceremony-filled visit to China. Senior Obama adviser David Axelrod defended the success of Obama's mission in Asia against questions the president received few concessions in China and did not emerge with a slew of tangible agreements. Axelrod said Obama had laid a groundwork. "This is not an immediate gratification... (Time.com)
New executive director hopes to help county economy Nov 19, 2009
Brown also worked as a police officer and an instructor with the Royal Australian Air Force before undertaking a management consulting career that has allowed him to travel to places as disparate as Chicago, Indonesia, Houston, and Singapore. He said 20-plus years in the field has not only given him practical, in-depth experience in best practices, but has also taught him what doesnt work. (Green River Star, WY -- Local)
Obama's Asia Trip: Too Focused on Common Ground? Nov 19, 2009
It is, after all, one thing to show deep respect to the crowned head of one of the U.S.'s closest Asian allies but quite another to pose for photographs with the leader of one of the world's most oppressive dictatorships as Obama did in Singapore at a group meeting that included Thein Sein, the Prime Minister of Burma. Throughout his trip, in fact, Obama was so focused on trumpeting shared interests that he often glossed over the more central disagreements. (Time.com)
Disney sets out to make 'The Passion for kids' Nov 19, 2009
The US President's tour of Japan, Singapore, China and South Korea. A cannibalistic tribe in Papua New Guinea, whose members used to eat the brains of dead relatives, provides an example of evolution that could help find a treatment for mad cow disease, according to scientists. (Yahoo News -- 'The Passion of the Christ')
Centre asks PSBs to hunt for M&As Nov 19, 2009
In Malaysia, Philippines and Singapore we want to expand our presence in financial services such as banking and insurance, the official added. Exchange of requests and offers between India and the Asean members is expected to begin in February. (India Times)
This snake is really long Nov 19, 2009
But Barr was diverted to a hospital in Singapore to recover from his wounds, and he feared the villagers would kill the snake before he could get to it. "The St. Augustine Alligator Farm was the first place I called, and they said, 'Absolutely. We'll find a way,'" he said. (Yahoo News -- FYI)
Success of abstinence in cutting teen pregnancies is a 'myth' Nov 19, 2009
Thursday 19 November 2009. Success of abstinence in cutting teen pregnancies is a 'myth. (Yahoo News -- Birth Control)
Obama talks nuclear pursuits of Iran, N. Korea in S. Korea Nov 19, 2009
Obama's trip included stops in Japan and Singapore and a longer, ceremony-filled visit to China. Senior Obama adviser defended the success of Obama's mission in Asia against questions the president received few concessions in China and did not emerge with a slew of tangible agreements. (USA Today)
R.AGE catches up with some of the people featured way back when Nov 18, 2009
Since then, she has performed many local gigs, as well as in Singapore and London ... Besides hosting, Adrian has also dabbled into acting in Singapore, where he completed filming a 14-episode drama tentatively titled Cafe 13 ... "It's about a group of young adults who hang out and investigate paranormal, strange and downright creepy happenings in Singapore. It was a blast shooting my first TV series and I intend to continue acting," says Adrian. (The Star Online, Malaysia)
PROMISES, PROMISES: 6 years and still no rules Nov 18, 2009
A survey released last year by Transportation Department Inspector General Calvin Scovel found that nine major airlines outsource about 70 percent of their major maintenance work, with more than a quarter of the work performed at foreign repair stations, from China to Singapore to El Salvador. Lawmakers and labor unions complain that the non-airline repair facilities don't get as much oversight as in-house shops. (Atlanta Journal-Constitution -- Travel)
Obama's mission impossible with China Nov 18, 2009
President Hu, for instance, arrived in Singapore last week three days earlier than his US counterpart. He addressed a large audience of Southeast Asian business executives and wooed the China-friendly city-state into closer ties. (Christian Science Monitor)
Gold hits another high, Asian shares rebound Nov 18, 2009
SINGAPORE: Gold hit another all-time high on Wednesday on worries about future inflation and economic uncertainties, while Asian stocks rebounded as the generally bearish dollar kept riskier assets in demand. Spot gold rose as high a 00004000 s $1,143. (India Times)
Pegasystems plans to up headcount Nov 18, 2009
It has also lined up plans to enter markets in Asia, China and Singapore, apart from tapping the domestic market ... It has also lined up plans to enter markets in Asia, China and Singapore, apart from tapping the domestic market. (India Times)
Equity-linked debt in RBI glare Nov 18, 2009
Foreign firms issuing ELDs in India often enter into reverse deals in markets like Singapore or Hong Kong to hedge their positions and such transactions can make the local stock or currency market more volatile. sugata. (India Times)
Oil above $79 after crude supply drop Nov 18, 2009
SINGAPORE: Oil prices extended gains above $79 a barrel on Wednesday in Asia after an unexpected drop in US crude 00004000 supplies suggested demand could be improving ... 49 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. (India Times)
Let it rain: resort offers free stay in downpours Nov 18, 2009
SINGAPORE - A luxury Malaysian beach resort has come up with a novel way for guests to actually look forward to a downpour on their holiday: a free night if the rainfall exceeds one inch ... To qualify, guests must book an all-inclusive, 3 day/2 night package starting at 710 Singapore dollars ($513) per person. (MSNBC -- Travel)
Dejected Bahrain turn attention to Asian Cup Nov 17, 2009
SINGAPORE: Bahrain have little time to dwell on the heartache of their World Cup playoff defeat to New Zealand at the weekend as they return home to host Yemen in a 2011 Asian Cup qualifier tomorrow ... Victory for Thailand at home to Singapore, who they beat 3-1 away on Saturday, would leave Robson s side on the brink of a place at the Finals in Qatar. (The Star Online, Malaysia -- Sports)
Burma's Suu Kyi Calls for Meeting With Junta Chief Nov 17, 2009
At a meeting with Asian leaders last week in Singapore, President Barack Obama told the gathering Burma Prime Minister Gen. Thein Sein included that the junta must free Suu Kyi and other political prisoners. At the same time, Suu Kyi has seemingly eased her hard line against the military government, which had included implicit support for Western sanctions. (Fox News)
Hunting for cheap airfare to London? Be cautious Nov 17, 2009
However, if you do not mind spending a few hours in transit then you have many more options as you can fly to London via Singapore, Bangkok, Hong Kong, India and even the Middle East ... Singapore Airlines flies three times daily from the republic to London. (The Star Online, Malaysia -- Business)
Rudd's foreign policy made on the run - and it's showing Nov 17, 2009
Now, with leading analysts such as Barry Desker, the head of the Singapore Institute of Defence and Strategic Studies, believing the idea is "dead in the water", will we see our Prime Minister turn his attention elsewhere ... Kevin Rudd must seize this chance when he meets his Japanese counterpart next week at the APEC meeting in Singapore. (Sydney Morning Herald -- Opinion)
Asian stocks at 15-mth high Nov 17, 2009
SINGAPORE: Asian stocks rose to more than 15-month highs on Tuesday after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time, keeping the dollar pinned ne 00004000 ar 15-month lows and gold close to record highs. Investors were also focused on US President Barack Obama's summit meeting with Chinese President Hu Jintao later in the day, especially on possible remarks from the leaders on the value of the yuan. (India Times)
Wall St jumps as Fed sees rates low Nov 17, 2009
The United States and China failed to reach an agreement over currencies at a summit of the Asia Pacific Economic Cooperation forum in Singapore. Bernanke, commenting on the dollar's decline, said the Fed is attentive to changes in the US currency, and the Fed's mandate will help ensure the greenback remains strong. (India Times)
Rupee edges higher; stocks awaited Nov 17, 2009
3 per cent while the Nifty India stock futures traded in Singapore were up 0. 3 per cent, suggesting a flat to higher start to the local sharemarket. (India Times)
Koda & Co under I-T lens since 2007 Nov 17, 2009
The ED had by then dug out information and carried out paper trail revealing the cartels business interests in Singapore, Thailand, Dubai and Liberia, besides India. All this formed part of the EDs case registered against Koda and three of his former cabinet colleagues under the Prevention of Money Laundering Act. (India Times)
Dutch Drivers to Be Taxed By the Mile Nov 17, 2009
Some cities like London have created congestion charges to control traffic in downtown areas, but only Singapore has a similar scheme for charging according to the amount of travel. When the plan takes effect in 2012, new car prices will drop as much as 25 percent with the abolition of a purchase tax and the road tax, which now totals more than $900 per year for a mid-sized car. (Fox News)
Obama boosts hopes for free trade Nov 16, 2009
Obama arrived last night in Singapore for the annual 21-nation APEC summit that had begun without him early that morning ... Obama arrived last night in Singapore for the annual 21-nation APEC summit that had begun without him early that morning. (Honolulu Star-Bulletin)
UltraTech to buy Samruddhi Nov 16, 2009
SINGAPORE: UltraTech Cement, a unit of conglomerate Aditya Birla Group, is absorbing sister unit Samruddhi Cement, to form India's biggest cement firm, both companies said. The move, flagged in October, was approved by the boards of both companies on Sunday. (India Times)
Obama in China faces tensions on trade and Tibet Nov 16, 2009
But at a gathering of Asia-Pacific leaders in Singapore over the weekend, Hu pointedly ignored international calls for his government to raise the value of the yuan and make Chinese exports relatively more expensive. He and other senior Chinese officials have instead accused other countries -- implicitly including the United States -- of embracing damaging trade protectionism aimed at Chinese goods. (India Times)
China, US spar over forex rates ahead of Obama visit Nov 16, 2009
SINGAPORE: The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions. The discord surfaced at a summit of the Asia Pacific Economic Cooperation forum in Singapore when a reference to market-oriented exchange rates was cut from a communique issued at the end of two days of talks ... China has pledged to keep monetary policy moderately... (India Times)
Penang hotels wooing business travellers Nov 16, 2009
The hotel is targeting guests from countries such as Singapore, Vietnam, Indonesia, Thailand, the Philippines, China, Japan, Australia, United States and Europe. We are aiming for an over 80% occupancy rate for the final quarter of the year, Harris said. (The Star Online, Malaysia -- Business)
MAS among top ten on airline websites Nov 16, 2009
Although MAS was No. 10 in the top list, trailing behind other Asian rivals such as Singapore Airlines, Thai Airways, Cathay Pacific and Asiana, the fact that MAS could make it to the Global Local Monitor is quite an achievement. This year, the User Experience Alliance (UXalliance), a global network of leading user research firms, celebrated World Usability Day by unveiling the preliminary findings of the first-ever Global Local Monitor. (The Star Online, Malaysia -- Business)
APEC coming to Hawaii Nov 16, 2009
Obama announced his plans at the current APEC meeting in Singapore ... Obama announced his plans at the current APEC meeting in Singapore. (Honolulu Star-Bulletin)
Worlds top late-night restaurants Nov 16, 2009
Noe DeWittAnthony Bourdains top pick: Sin Huat Eating House, Singapore. As the meal wound down, the chefs lamented that the younger generation cant seem to keep up with their late-night antics. (MSNBC -- Travel)
Netherlands to levy 'green' road tax by the kilometre... Nov 16, 2009
Some cities like London have created congestion charges to control traffic in downtown areas, but only Singapore has a similar scheme for charging according to the amount of travel. When the plan takes effect in 2012, new car prices will drop as much as 25 percent with the abolition of a purchase tax and the road tax, which now totals more than euro600 ($900) per year for a mid-sized car. (The Drudge Report)
Patience becomes a PM on the move Nov 16, 2009
Kevin Rudd arrived home early this morning from six days in Afghanistan, India and Singapore ... Rudd plugged it hard while he was in India, and again in Singapore ... Rudd went out of his way in Singapore to extol APEC's achievements, among them the huge gains in trade liberalisation and the collective clout of its 21 members. (Sydney Morning Herald -- Opinion)
This snake is really long Nov 16, 2009
But Barr was diverted to a hospital in Singapore to recover from his wounds, and he feared the villagers would kill the snake before he could get to it. "The St. Augustine Alligator Farm was the first place I called, and they said, 'Absolutely. We'll find a way,'" he said. (Yahoo News -- FYI)
Apec leaders vow to fight protectionism Nov 16, 2009
By Shamim Adam Singapore ... The leaders, including US President Barack Obama and China's Hu Jintao, met in Singapore ... "Since it is China's growth that has been contributing to recovery in other economies, it's not in their interest to risk lowering China's growth," said Simon Tay, the chairman of the Singapore Institute of International Affairs. (Business Report, South Africa)
* FEATURE : Taiwan needs to work out regulations before casinos Nov 16, 2009
We are so much bigger in terms of geography and we have many tourism resources that Singapore and Macau lack ... Taiwan shouldnt expect developments of the size of those in Macau and Singapore, he said ... Policymakers in Singapore, which is hoping to rival Macau with two massive new casino projects set to open early next year, have from the beginning taken a more conservative approach. (Taipei Times, Taiwan -- World)
* Malaysian duo wins Best Trip contest Nov 16, 2009
Meanwhile, the two organized campus evens, wrote to newspapers in Singapore and Malaysia and secured a radio interview to tell stories of their expedition in Taiwan. The creative themed tour and subsequent ways to promote it earned Bah Kut Teh the title of champions, earning them a NT$1 million (US$31,000) prize from the Tourism Bureau yesterday. (Taipei Times, Taiwan -- World)
Rudd push to tackle people smuggling Nov 15, 2009
PHILLIP COOREY SINGAPORE ... In Singapore for the Asia-Pacific Economic Co-operation summit yesterday, Mr Rudd continued to deny the 22 asylum seekers who left the Oceanic Viking on Friday had been given a special deal. (Sydney Morning Herald -- World)
India seeks services pact with ASEAN Nov 15, 2009
India wants more access for its professionals in ASEAN nations like Malaysia, Singapore and Indonesia ... The Asean countries are Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, Singapore and Vietnam. (India Times)
World leaders agree to delay deadline on warming pact Nov 15, 2009
With him (from left) were Yukio Hatoyama of Japan, Susilo Bambang Yudhoyono of Indonesia, Lee Hsien loong of Singapore, and Hu Jintao of China ... SINGAPORE - President Obama and nearly two dozen fellow leaders from Europe and the Asia-Pacific region agreed today that next month's much-anticipated international climate change meetings will be merely a way station - not the once hoped-for end point - in the difficult search for a worldwide global warming treaty ... The prime minister of Denmark,... (Boston Globe)
Obama: No "Political Theater" Over Hasan Nov 15, 2009
In released by the White House while the president was flying to the APEC meeting in Singapore, President Obama said he has ordered military and intelligence leaders to undertake a full review of events leading up to the shootings, as well as the motives of the accused gunman, including his views and contacts. "I am c 00004000 onfident that justice will be done, and I will insist that the full story be told. That is paramount, and I wont compromise that investigation today by discussing the... (CBS News)
APEC leaders vow new eco model Nov 15, 2009
SINGAPORE: Asia-Pacific leaders including the US and Chinese presidents on Sunday pledged to reject trade protectionism and pursue a new strategy for growth after the world's worst economic crisis in decades ... US President Barack Obama pressed Asian leaders at the weekend summit in Singapore to retool their export-led economies and re-balance world growth, or risk a "drift from crisis to crisis" ... But Obama was subject to much criticism in Singapore over his perceived neglect of free trade,... (India Times)
Apec leaders drop climate target Nov 15, 2009
World leaders meeting in Singapore have said it will not be possible to reach a climate change deal ahead of next month's UN conference in Denmark ... Saturday 14: Joined Apec summit in Singapore 3 ... This was unwelcome evidence that the gap between developing and developed nations, between rich and poor, East and West can sometimes be hard to bridge, says the BBC's Rachel Harvey in Singapore. (BBC News -- Americas)
'Indian IT can compete globally' Nov 15, 2009
"Our costs will still be competitive. There are markets like China, Singapore, and the Philippines which offer lower costs. But they are not in the same league as India," said the software gian't India chairman Saurabh Srivastava. "China has an issue with language, a lot of other countries don't have the same levels of competency and, moreover, a lot of them are still in process of learning business norms," Srivastava, an industry veteran and noted venture capitalist, told IANS in an interview. (India Times)
