Industry expects COE premiums to spike as system is changed
SINGAPORE Changes to the vehicle quota system were announced in Parliament yesterday and the motor industry generally felt that the move would erase uncertainty. |
| |
Heavyweights hike stakes in Jurong Aromatics
SINGAPORE The 'big boys' - South Korea's SK Group and China's largest polyester producer - are 'stepping up to the plate' to get Jurong Aromatics Corporation's JAC US$2 billion petrochemical project cracking. |
| |
China SOE unit MCC Land is top bidder for Yishun EC site
SINGAPORE MCC Land, part of Chinese state- owned enterprise Metallurgical Corporation of China MCC Group, has emerged top bidder for an executive condominium site at Yishun Avenue 11. |
| |
JB bets on RM12b project for its buzz
A PLANNED jumbo-scale commercial development on the current Majidi army camp site could make shopping in Johor Baru city a vastly different experience when the RM12 billion S$5 billion project is completed over the next decade. |
| |
India's Fortis scoops up $1b Parkway stake
SINGAPORE Five years after a high-profile pursuit by private equity firm TPG Capital, Parkway Holdings is once again at the centre of a successful courtship - this time by India's Fortis Healthcare, which is paying almost $1 billion for a major stake in the firm. |
| |
Bank stocks shine on Wall St again - but for how long
US stocks are struggling to maintain their two-week-long rally this week, but one sector, the financials, is continuing to rocket skywards even as the overall market seems to be taking a pause before its next significant move. |
| |
RBS bullish on S'pore Tech, Temasek bonds
SINGAPORE Investors should buy Temasek and Singapore Technologies bonds, as attractive values have emerged in the quasi- sovereign space, says the Royal Bank of Scotland RBS. |
| |
Little snack-seller from Mexico is now world's richest man
SINGAPORE As a 10-year-old, he filled his pockets with pesos by selling drinks and snacks to his family. Now, Mexican telecom titan Carlos Slim Helu is the world's richest man. |
| |
Dubai shares at their highest since Jan18
DUBAI Dubai shares rose to the highest in almost two months on speculation Dubai World, the state-owned holding company in talks to renegotiate US$26 billion of debt, may announce better repayment terms than previously expected. |
| |
Economists forecast robust 9.5% first-quarter growth
SINGAPORE The economy is expected to register robust growth this quarter - 9.5 per cent, according to economists' forecasts - though it'll be more of a technical rebound than anything else. |
| |
Clarification
IN 'How SMEs can get that bank loan' BT, March 10, we reported Singapore Manufacturers' Federation president Renny Yeo as saying SMEs contribute a third of the economy's total value-add. The federation has clarified that SMEs contribute half of the economy's total value-add. |
| |
Lippo: No change in strategy for OUE
SINGAPORE It will be business as usual for Overseas Union Enterprise OUE, even as Indonesia's Lippo Group takes sole control of the property firm. |
| |
Rising power prices may raise a sweat
SINGAPORE Hot weather, increased economic activity, and hiccups in Indonesian gas supplies. A triple whammy that have led to one thing: climbing electricity prices that could impact businesses, according to sources. |
| |
Oil price seen hitting US$100 by 2011
SINGAPORE Crude oil may hit US$100 per barrel by 2011, as demand outstrips supply on tight capacity from the producers, according to a UK-based commodities fund manager. |
| |
Three-Minute Digest
HOT weather, increased economic activity, and hiccups in Indonesian gas supplies. |
| |
A giant who still looms over M'sia
SOMETIME in the mid-1990s, an analyst attempting to understand Malaysia's sprawling Berjaya Corporation BCorp asked its founder Vincent Tan Chee Yioun whether he would be prepared to sell one of the group's assets that he seemed particularly fond of. |
| |
Yuan may not follow China trade bounce
SINGAPORE China's better than expected trade results, released yesterday, prompted speculation that a revaluation of the currency may come soon but analysts have warned that this may not be the case. |
| |
Krishnan may break even but disputes linger
THE sale of a 44 per cent interest in Overseas Union Enterprise OUE for $957 million will bring closure to a five-year partnership between two South-east Asian tycoons that went sour. |
| |
Why is Uncle Sam's credit rating higher than China's
MOODY'S Investor Services warned last month that the triple A credit rating of the highly geared US economy should not be taken for granted. |
| |
Unemployment may not ease in US after all
CHICAGO The widely held outlook that US unemployment will ease this year may be overly rosy if companies continue to boost productivity at faster- than-usual levels, economists from the San Francisco Federal Reserve Bank said in a study released on Monday. |
| |
