Resorts World Sentosa places $21m bet on SingTel
SINGAPORE Telecom's corporate pay-TV ambitions got a boost yesterday from a $21 million deal to provide a multimedia entertainment system and other technology services to Genting Singapore's Resorts World Sentosa (RWS).
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Firm's bid for Upper Thomson plot puts others in the shade
A COMPANY unknown in local developer circles has placed the top bid for a plum 99-year leasehold condo plot at Upper Thomson Road. Treasure Well Investments bid about $251.3 million. This works out to $533.34 per square foot of potential gross floor area - which was above expectations and the highest unit land price seen at a state land tender this year.
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Frasers flexing its muscles abroad
IT'S not the first time Frasers Hospitality has hit the expansion trail in the middle of a recession.
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US$300m sub-sea cable by SingTel and partners lands in Japan
SINGAPORE Telecom, Google and other partners are on track for a substantial sub-sea bandwidth boost from the first quarter of next year.
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Warehousing, too, may go underground
(SINGAPORE) The push for underground is gathering momentum.
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Just move on, StarHub
DESPERATE times call for desperate measures, so the saying goes. And when one has to turn to one's rival for balm, that must surely signal that the situation is as dire as it gets.
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Shadow of protectionism in SGX's stand on Li Heng
THE aborted 'back-door delisting' of Li Heng Chemical Fibre may be a closed chapter as far as the Singapore Exchange (SGX) is concerned. But to many market players, the episode remains a talking point, and still raises many questions in its wake.
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Living standards, expectations have risen
RISING costs of living? It's also more likely to be rising standards and expectations of a certain quality of life, according to Prime Minister Lee Hsien Loong.
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Hedge fund stocks hit by Galleon scandal
THE alleged Galleon insider trading scandal has precipitated a major slump in the stock prices of listed hedge fund groups from their recent autumn peaks.
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Funds sweat over new CPFIS criteria
(SINGAPORE) More than 40 per cent of the unit trusts and investment-linked insurance funds (ILPs) in the CPF Investment Scheme (CPFIS) are at risk of being struck off the scheme if they do not fully comply with CPF's admission criteria by January 2011.
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Wykidd Song creation for Apec leaders
APEC leaders meeting in Singapore next month will don a Peranakan-inspired outfit designed by local designer Wykidd Song.
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Too small to afford an IT dept? Rent one from Tata Consultancy
TATA Consultancy Services (TCS) is accustomed to managing the IT systems of multinationals in Singapore, but the impending launch of a radical outsourcing model could also make it the only technology vendor a budding small company will ever need.
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S'pore exec pay rose in year of squeeze
(SINGAPORE) A survey of 60 of the biggest companies listed in Singapore has found that top executives were paid slightly more in fiscal 2008 than the year before, but disclosure and governance standards continue to lag those elsewhere.
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Economists rethink S'pore growth models
LOCAL economists said yesterday that Singapore's model of economic growth needs rethinking, as they presented ideas such as encouraging more privately owned local enterprise, a sharper shift to services, and aiding regionalisation.
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Discount days end, flying's expensive again
(SINGAPORE) Airfares have climbed as much as 50 per cent in recent weeks as airlines end promotions and demand from travellers picks up ahead of the year-end peak period.
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Placements: name-dropping for lift-off
(SINGAPORE) Share placements this year have confirmed a slight variation of the trite adage - it is not what you know, but rather who you know is buying into the company.
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Seven-month stock market rally is starting to show signs of wear
CORPORATE profits in the third quarter are doing what they are supposed to do to support lofty stock market valuations - beating expectations on the bottom line, and showing improvement in sales and revenues. But despite that, the seven-month-long stock market rally appears to be wearing thin.
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Modest Q3 growth seen for S-chips
AS the earnings reporting season gets underway, analysts are expecting flat to modest earnings growth for Chinese listings here or so-called S-chips in the third quarter.
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Nokia hurls a rock at iPhone, no ripples here
A POTENTIALLY market-shaking legal fight has broken out between Nokia and Apple, but the feverish demand here for Apple's iPhone is unlikely to be doused by the news. Nokia, the world's biggest mobile-phone maker, on Thursday sued Apple for alleged infringement of 10 patents, which cover wireless data, speech coding, security and encryption.
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M'sia to slash spending, bring back real property gains tax
MALAYSIAN Prime Minister Najib Razak unveiled yesterday an ambitious budget designed to aggressively rein the highest fiscal deficit in two decades. His more eye-catching measures include bringing back the real property gains tax and relooking fuel subsidies.
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Office vacancies rise, rentals fall despite positive take-up
THE office market posted a positive take-up of 3,000 square metres (or 32,292 square feet) in the third quarter of this year - reversing three consecutive quarters of negative take-up, according to latest figures released by Urban Redevelopment Authority (URA).
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Forks in the road for fund investors
(SINGAPORE) Steep losses and sharp volatility in equity markets last year have caused a number of structured unit trusts to be 'knocked out' or monetised - some with virtually no hope of regaining market exposure.
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US Q3 earnings continue to surpass expectations
EARNINGS continue to come in largely above expectations in the all-important third quarter profit-reporting season, helping US stocks to what has so far been another strong month of advances. But investors need to be particularly wary of these earnings numbers, some analysts are warning.
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Galleon Asia studies options as redemption requests start
(SINGAPORE) Galleon Asia, the hedge fund run by former DBS executives, may morph into another firm - one of various options being considered one week after its founder was arrested for insider trading.
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New SEC rule to make dark pools more transparent
(WASHINGTON) The Securities and Exchange Commission took a step that may halt expansion of the fastest-growing stock networks in the US with rules to improve transparency in so-called dark pools.
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Morgan Stanley posts strong Q3 profit of US$498m
(NEW YORK) Morgan Stanley reported better-than expected quarterly profit yesterday on strong fixed income sales and trading revenue and improved investment banking underwriting results, sending its shares up 5 per cent.
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Galleon Asia sails on despite US storm
(SINGAPORE) Galleon Asia, which is managed by former DBS executives, has not received any redemption requests and has full support from its prime brokers following the arrest of founder Raj Rajaratnam in New York for insider trading.
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Spending is what the doctor has ordered
THE Singapore economy has staged a stunning recovery since the second quarter and economists are unanimous that it will continue into 2010. The STI has jumped 86 per cent from its low on March 9 and the property market has turned frothy.
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No fishing expeditions in 'white' tax waters here
(SINGAPORE) With Singapore poised to graduate to the 'white list' of the Organisation for Economic Cooperation and Development (OECD), trust and estate practitioners are confident that there are sufficient safeguards in place to prevent indiscriminate prying into taxpayers' accounts.
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Fastest recovery on record is cause for concern
(SINGAPORE) While the jury is still out on whether the recovery we are seeing today will be 'V' or a 'W' shaped, investors are becoming as euphoric as they were during the height of the stock market boom in the third quarter of 2007 - which is worrying some market observers.
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