bloomberg.com Archives - 22 January 2013, Tuesday

  • Resource Scarcity Drives Singapore to Sustainability Leadership - Bloomberg

    Resource Scarcity Drives Singapore to Sustainability Leadership

    bloomberg.com 22 Jan '13, 7pm

    Singapore has become an internationally recognized leader among global cities, for its forward-looking policy goals and strong execution. The southeast Asian city-state was found to be literally in a class by itself (pdf) -- “Well Above Average” -- of the 22 Asian cities analyzed by t...

  • Singapore

    Singapore In-Laws Rage as Women Spurn Lee’s Babies Plea -

    bloomberg.com 21 Jan '13, 4pm

    Enlarge image Singapore In-Laws Rage as Women Defy Lee’s Plea for More Babies Chris McGrath/Getty Images A young girl looks on as a couple pose for a photograph at the Singapore Registry for Marriage in Singapore. Singaporean men and women are delaying getting married in part because ...

  • Singapore Dollar Losing Luster to Higher Returns: Southeast Asia - Bloomberg

    Singapore Dollar Losing Luster to Higher Returns: Southeast Asia

    bloomberg.com 20 Jan '13, 11pm

    Singapore’s dollar will underperform most regional counterparts this year as a pickup in the global economy and faster growth among its peers reduces demand for the republic’s top-rated securities, according to HSBC Global Asset Management and Mizuho Asset Management Co. Interest in t...

  • Singapore Exports Decline Most in 14 Months as Recovery Delayed - Bloomberg

    Singapore Exports Drop Most in 14 Months as Recovery Delayed

    bloomberg.com 17 Jan '13, 1am

    Singapore ’s exports declined the most in 14 months in December as manufacturers shipped fewer electronics and pharmaceuticals, hurting economic recovery. Non-oil domestic exports slid 16.3 percent from a year earlier, after a revised 2.6 percent drop in November, the trade promotion ...

  • Singapore Curbs to Cut Industrial Property Sales: Southeast Asia - Bloomberg

    Singapore Curbs Industrial Property Sales to Avert Bubble

    bloomberg.com 16 Jan '13, 4pm

    Singapore ’s industrial building sales may drop 10 percent this year after the city became the first in Asia to impose curbs on such properties, according to the world’s largest closely held commercial real estate broker. The government on Jan. 11 imposed as much as 15 percent in stam...

  • Singapore's Record Home Sales in 2012 Drive Government Measures - Bloomberg

    Singapore’s Record Home Sales in 2012 Drive Government Measures -

    bloomberg.com 15 Jan '13, 5am

    Singapore home sales rose to a record last year, fueling prices to an all-time high and prompting the government to introduce cooling measures last week. Home sales climbed to 1,410 units in December from 1,087 units in November, according to data released by the Urban Redevelopment A...

  • Singapore's room shortage in Raffles Place district eases with Pan Pacific's newest property Parkroyal

    Raffles Place Room Shortage Eases With Parkroyal: Southeast Asia

    bloomberg.com 15 Jan '13, 12am

    Pan Pacific Hotels Group Ltd. via Bloomberg An artist's rendering of the Parkroyal on Pickering. Pan Pacific Hotels Group Ltd. (PPAC) , the hospitality company controlled by billionaire Wee Cho Yaw, will boost the number of rooms in Singapore’s Raffles Place financial district by 57 p...

  • Swatch Buys Harry Winston Jewelry Brand for $1 Billion #Retail #Luxury #Acquisition

    Swatch Buys Harry Winston Jewelry Brand for $1 Billion

    bloomberg.com 14 Jan '13, 8am

    Swatch Group AG (UHR) , the biggest maker of Swiss timepieces, agreed to buy the Harry Winston watch and jewelry brand for about $1 billion, adding a luxury label through its biggest acquisition ever. Swatch Group will pay Harry Winston Diamond Corp. (HWD) $750 million and assume as m...

  • Singapore Home Prices May Post First Drop in 5 Years on Curbs

    bloomberg.com 13 Jan '13, 5pm

    Singapore rolled out the most “comprehensive” housing measures since it started cooling the market in 2009 and may drive prices lower for the first time in five years, Mizuho Corporate Bank Ltd. and Barclays Plc said. Homebuyers had to pay 5 percentage points to 7 percentage points mo...

  • 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.