bloomberg.com Archives - 09 January 2013, Wednesday

  • CapitaLand to Exit U.K., India Projects, Reassess Australand

    bloomberg.com 03 Jan '13, 1am

    CapitaLand Ltd. (CAPL) , the Southeast Asia developer that is reorganizing into four main units to help focus on its key markets, said it will look to exit some projects in the U.K., India and the Middle East , and reassess its investment in Australia ’s Australand Property Group. The...

  • Singapore’s Private Home Prices Climb to Record on Sales -

    bloomberg.com 02 Jan '13, 1am

    Singapore home prices climbed to a record in the fourth quarter after developers sold more homes, a government report showed. The island state’s private residential property price index rose 1.8 percent to 211.90 points in the three months ended Dec. 31, according to preliminary estim...

  • Singapore GDP expands more than economists estimated, avoids recession

    Singapore GDP Topped Survey Last Quarter, Avert Recession

    bloomberg.com 02 Jan '13, 12am

    You need to enable Javascript to play media on Bloomberg.com Play Singapore Grows and Averts Recession Singapore ’s economy expanded more than economists estimated last quarter, averting a recession even after the central bank refrained from monetary stimulus as it sought to contain e...

  • Singapore Property Stocks to Extend 2012 Rally: Southeast Asia

    Singapore Property Stocks to Extend 2012 Rally: Southeast Asia

    bloomberg.com 31 Dec '12, 12am

    Singapore property stocks, the best performers on the benchmark Straits Times Index this year, are set to extend their gains in 2013 on higher demand for homes, offices and hotels, according to UOB-Kay Hian Pte. Six out of top 10 gainers on the 30-member gauge have been real estate-re...

  • Singapore Price Risks Persist as Economy Seen Entering Recession - Bloomberg

    Singapore’s Economy Grew 1.2% in 2012, Prime Minister Lee Says -

    bloomberg.com 30 Dec '12, 4pm

    Singapore ’s economic expansion eased in 2012 amid weak growth in advanced nations and as companies faced hiring constraints, Prime Minister Lee Hsien Loong said. Gross domestic product rose 1.2 percent in 2012, Lee said in his New Year message released in Singapore today. The growth ...

  • India Gangrape Victim Being Treated in Singapore Hospital - Bloomberg

    India Gangrape Victim Being Treated in Singapore Hospital

    bloomberg.com 27 Dec '12, 4am

    The 23-year-old Indian victim of a gangrape, which triggered protests and violent clashes in New Delhi , is being treated in a downtown Singapore hospital. “The patient arrived at Mount Elizabeth Hospital ’s intensive care unit this morning at 9:05 a.m. in an extremely critical condit...

  • Singapore November Industrial Output Recovers on Pharmaceuticals - Bloomberg

    Singapore November Industrial Output Recovers on Pharmaceuticals

    bloomberg.com 26 Dec '12, 5am

    Singapore ’s industrial production rose for the first time in four months in November as manufacturers produced more pharmaceuticals, countering a slump in electronics. Manufacturing gained 3.1 percent from a year earlier after a revised 5.1 percent drop in October, the Economic Devel...

  • Ex-Singapore Banker Fon Arrested in U.S. Over Olympus Fraud

    Ex-Singapore Banker Charged in U.S. Over Olympus Fraud

    bloomberg.com 21 Dec '12, 12am

    A former Singapore banker who allegedly helped Olympus Corp. (7733) engage in what U.S. prosecutors said was a $1.7 billion accounting fraud was arrested in California . Chan Ming Fon was arrested in Los Angeles yesterday and faces U.S. fraud charges in New York, Preet Bharara, U.S. A...

  • If you're a frequent traveller, you'll want to read this list. In Singapore, according to the survey, the best...

    World’s Finest Airport Food in U.S., Spain, Survey Says -

    bloomberg.com 19 Dec '12, 8am

    1. Porta Gaig (El Prat del Llobregat, Barcelona) 2. Salt Lick BBQ (Austin-Bergstrom International, Texas) 3. Tortas Frontera (Chicago O’Hare International) 4. Bubbles Seafood & Wine Bar (Amsterdam Schiphol) 5. Obrycki’s (Baltimore/Washington International Thurgood Marshall) 6. Crust (...

  • Singapore's Exports Unexpectedly Fell on Slump in Electronics - Bloomberg

    Singapore’s Exports Unexpectedly Fell on Slump in Electronics -

    bloomberg.com 17 Dec '12, 12am

    Singapore ’s exports unexpectedly fell for the third time in four months in November as shipments of electronics slumped and companies sold fewer goods to U.S. customers. Non-oil domestic exports fell 2.5 percent from a year earlier, after a 7.9 percent gain in October, the trade prom...

  • Singapore Establishment Challenged by Short-Seller Block on Olam via @BloombergNews

    Singapore Establishment Challenged by Short-Seller Block on Olam

    bloomberg.com 16 Dec '12, 9pm

    When Carson Block likened Olam International Ltd. (OLAM) to fraud-ridden Enron Corp., he challenged more than the accounting of the Singapore-based commodities firm. He also took on Temasek Holdings Pte, the government-owned investment company whose money has helped build the city-sta...

  • 'Naomi Campbell' Clock, Lego Art Adorn Singapore Casino - Bloomberg

    ‘Naomi Campbell’ Clock, Lego Art Adorn Singapore Casino - Bloomberg

    bloomberg.com 13 Dec '12, 4pm

    hotel is a far cry from the tranquil charm of Sana Gallery. Longer than two soccer fields, it bustles with casino goers, and is an unlikely choice for an exhibition of 18th-century French antiques -- which is precisely why the show is being held there, says dealer Mikael Kraemer. His ...

  • #singapore

    Singapore Caps Year of Lust With Parliamentary Affair

    bloomberg.com 12 Dec '12, 5pm

    The resignation of Singapore Speaker of Parliament Michael Palmer yesterday over an extramarital affair came two days after readers of the island’s largest Chinese newspaper called 2012 a year of lust. Palmer, 44, said he had a relationship with a member of a government agency who wor...

  • Singapore Speaker of Parliament Palmer Resigns After Affair

    bloomberg.com 12 Dec '12, 7am

    Singapore ’s Speaker of Parliament Michael Palmer has resigned and will leave the ruling People’s Action Party today after admitting to an extramarital affair. Palmer, 44, said he made a “grave mistake” of improper conduct after being involved in a relationship with a member of a gove...

  • Delta Buys Singapore’s Virgin Atlantic Stake for $360 Million via @BloombergNews

    Delta Buys 49% Virgin Atlantic Stake for NYC-U.K. Service

    bloomberg.com 11 Dec '12, 1pm

    You need to enable Javascript to play media on Bloomberg.com Play Delta CEO Sees Antitrust Immunity for Virgin Deal Delta Air Lines Inc. (DAL) agreed to buy a 49 percent stake in Richard Branson’s Virgin Atlantic Airways Ltd. for $360 million to boost its share of the lucrative trans-...

  • Singapore tops HK as residence for mobile millionaires in Asia

    Singapore Tops HK as Residence for Mobile Rich in Asia

    bloomberg.com 10 Dec '12, 12pm

    Singapore topped Hong Kong as the most desired place in Asia for so-called mobile millionaires to reside, with quality of life cited as the main attraction, a RBC Wealth Management (RY) survey showed. Almost a third of the millionaires in Asia who live, work or spend more than half th...

  • DBS agrees to pay $850M for stake in Marina Bay Tower in Singapore

    DBS to Pay S$1.04 Billion for Stake in Marina Bay Tower

    bloomberg.com 10 Dec '12, 7am

    DBS Group Holdings Ltd. (DBS) agreed to buy a 30 percent stake in Singapore’s Marina Bay Financial Centre Tower 3, where the move of its headquarters was completed in October, for S$1.04 billion ($850 million) in cash. DBS, Southeast Asia’s biggest lender, will buy the stake from a jo...

  • Rich World's Fastest Inflation May Escalate on Singapore Wages - Bloomberg

    Singapore Wages May Worsen Fastest Rich-World Inflation: Economy

    bloomberg.com 05 Dec '12, 11pm

    When dozens of Chinese bus drivers held Singapore’s first strike in 26 years last week, the island deported the perpetrators. Getting rid of the soaring prices that are emboldening calls for higher wages won’t be as easy. Rising housing, transportation and business costs have given th...

  • Reggaeton Banned in Cuba as Castro Cracks Down on Music

    bloomberg.com 04 Dec '12, 6pm

    Cuba’s government is banning reggaeton music from radio and T.V. as Raul Castro’s administration cracks down on “vulgar” songs in the island nation, government newspaper Granma reported on its website , The Cultural Ministry’s music institute will levy severe sanctions or ban musician...

  • Delta Said in Talks to Buy Virgin Stake From Singapore Airlines - Bloomberg

    Delta Said in Talks to Buy Virgin Stake From Singapore Airlines

    bloomberg.com 02 Dec '12, 7pm

    Delta Air Lines Inc. (DAL) , the second- largest U.S. carrier, is in talks to buy part or all of Singapore Airlines Ltd. (SIA) ’s 49 percent stake in Virgin Atlantic and gain more access to London’s Heathrow airport, according to people familiar with the situation. Delta’s European pa...

  • Fly Like the Rich and Famous: Here's How: Video

    bloomberg.com 01 Dec '12, 10pm

    Patrick Margetson-Rushmore, chief executive officer of London Executive Aviation, speaks about how his firm caters to highly demanding super-rich clients. Please enable JavaScript to view the comments powered by Disqus.

  • Singapore’s Lee Says Population, Property Among Challenges Faced -

    bloomberg.com 28 Nov '12, 12pm

    Singapore Prime Minister Lee Hsien Loong comments on the country’s birth rate, property market, monetary policy and economy. He also spoke on the rising political opposition and his leadership in a Nov. 26 interview in his office in Singapore. On 2013 agenda and challenges: “The immed...

  • people

    Lee Rues Singapore as Retirement Home Unless Birthrate Rises

    bloomberg.com 27 Nov '12, 5pm

    Singapore Prime Minister Lee Hsien Loong said encouraging citizens to have more children is the biggest challenge confronting the island nation if it wishes to remain an economic juggernaut in the developed world. The government hasn’t succeeded in impressing on citizens that “this is...

  • An Up-Close Look at APL's Jump-Enhancing Sneakers: Video

    bloomberg.com 19 Nov '12, 5pm

    Nov. 19 (Bloomberg) -- Nicole Lapin visits Ryan and Adam Goldston, co-founders of Athletic Propulsion Labs, and learns about the technology behind their jump-enhancing sneakers. (Source: Bloomberg)

  • Singapore Curbs to Slash Home Sales in 2013: Southeast Asia

    bloomberg.com 14 Nov '12, 4pm

    Singapore home sales may fall as much as 27 percent in 2013 after climbing to a record this year as six rounds of housing curbs by the government crimps demand, according to Jones Lang LaSalle. Private home sales next year may drop to 16,000 units from 22,000 units this year, said Dav...

  • Singapore Casinos Lose Luster as Profits Slide: Southeast Asia

    bloomberg.com 13 Nov '12, 4pm

    Genting Singapore Plc (GENS) and Las Vegas Sands Corp. reported the lowest gaming revenue in at least 18 months at their Singapore casinos, signaling slower economic growth and tighter rules are restricting spending by gamblers. “We have been waiting for the novelty factor of Singapor...

  • Singapore Airlines Declines as Cargo Loss Hits Earnings - Bloomberg

    Singapore Airlines Declines as Cargo Loss Hits Earnings

    bloomberg.com 05 Nov '12, 2am

    Singapore Airlines Ltd. (SIA) , the world’s third-largest carrier by market value, fell to a four-month low after profit tumbled on a wider loss at its cargo unit. The carrier dropped as much as 1.7 percent to S$10.40, the lowest price since June 29. It was down 1.3 percent as of 9:38...

  • Singapore managers turn delivery men in labor crunch

    Singapore Managers Turn Delivery Men in Labor Crunch: Economy

    bloomberg.com 02 Nov '12, 3am

    At Pine Garden’s Cake Pte., Wei Chan used to have three drivers delivering chocolate and martini- flavored cakes around Singapore . Now, the head of the company transports the goods himself because he can’t get enough workers. A government push to reduce the city-state’s reliance on c...

  • Las Vegas Sands Profit Misses Views on Singapore Results

    bloomberg.com 01 Nov '12, 10pm

    Las Vegas Sands Corp. (LVS) , the casino company controlled by billionaire Sheldon Adelson , reported an 18 percent drop in profit, missing estimates as results from the company’s Singapore casino fell short. Net income fell to $349.8 million, or 42 cents a share, from $424.9 million,...

  • Data from Taiwan, S. Korea, Singapore signal Asia slowdown may be easing

    Asian Data Signal Slowdown Easing From Korea to Taiwan: Economy

    bloomberg.com 31 Oct '12, 4am

    The worst of the declines in Asia- Pacific economies may be moderating, as Taiwan resumed growth last quarter, South Korean production climbed for the first time in four months and Singapore’s jobless rate fell. Gross domestic product in Taiwan grew 1.02 percent from a year earlier, a...