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Posts Tagged ‘Alliance’

Question of PMK-DMK alliance doesn’t arise now: Karunanidhi

m karunanidhiDMK chief and Tamil Nadu Chief Minister M.Karunanidhi Tuesday said the question of PMK being part of a DMK-led alliance to fight the ensuing assembly elections does not arise now. Karunanidhi’s remark came on his return from New Delhi. Asked if PMK would be a part of the DMK alliance, Karunanidhi told reporters that the [...]

Online Trust Alliance Outlines Data Breach Guide

The guide recommends completing a privacy and security audit of all data collection activities, including cloud services. – The Online Trust Alliance, a nonprofit organization
representing the Internet ecosystem, announced the release of the quot;2011
Data Breach Incident Readiness Guide, quot; outlining key questions and
recommendations to help businesses with breach prevention and incident
management. In the wake …


UK seeking north Europe alliance

David Cameron has urged countries across northern Europe to form an “alliance of common interests”.
As the UK prime minister prepared to host leaders of Nordic and Baltic countries, he said they could become an “avant garde” for economic growth.

Pranab, Mamata discuss Bengal law and order, alliance

Pranab, MamataTrinamool Congress chief Mamata Banerjee discussed the law and order situation in West Bengal with Congress heavyweight Pranab Mukherjee here and the formation of an alliance ahead of the assembly polls later this year. Banerjee, the union railway minister, and Mukherjee, the finance minister, held talks Sunday night. “Whenever we get time, we talk between [...]

Alliance with DMK strong: PM

manmohan singh1Prime Minister Manmohan Singh, who met Tamil Nadu Chief Minister M. Karunanidhi here, Monday said that ties with the DMK were “strong and cordial”. “The alliance with DMK is strong and cordial,” Manmohan Singh told public broadcaster Doordarshan on the sidelines of the 98th Indian Science Congress. Karunanidhi, who did not meet the prime minister [...]

Karunanidhi meets PM, says alliance is intact

m karunanidhiDMK leader and Tamil Nadu Chief Minister M. Karunanidhi met Prime Minister Manmohan Singh at the Raj Bhavan here Monday morning and said the “alliance is intact”. The meeting at the Raj Bhavan lasted 25 minutes. Karunanidhi had not met the prime minister as expected Sunday, when Manmohan Singh arrived here. “The alliance is intact,” [...]

T-Mobile Joins FreeMove Alliance, Targets Enterprises

T-Mobile is now the fifth carrier in the FreeMove Alliance, a group of otherwise European carriers supporting 400+ million business customers in a footprint of 59 countries. – T-Mobile has some new European friends and increased options for enterprise customers.
The FreeMove Alliance a group comprised of mobile carriers Deutsche Telekom, Orange, TeliaSonera and Telecom Italia Group, and with footprint of 59 countries and more than 404 million customers announced t…


HP Donates $1 Million to mHealth Alliance’s Mobile Health Initiatives

HP’s $1 million donation to the mHealth Alliance will fund research on mobile monitoring of pregnant women and newborns. – Hewlett-Packard
will donate $1 million to the mHealth Alliance’s efforts to promote health
through wireless and mobile devices.
The
Alliance made the announcement on
Nov. 8 in Washington, D.C., at its mHealth Summit, a conference it organized
along with the National Institutes of Health and …


WiFi Alliance Announces First Five WiFi Direct Certified Products

WiFi Direct technology lets WiFi-enabled devices connect without a WiFi hotspot. The WiFi Alliance has announced the first five products to be WiFi Direct certified. – The WiFi Alliance has announced the first five devices to receive its new WiFi Direct certification.

Called a “game-changing advance for WiFi technology” by ABI Research
analyst Victoria Fodale, WiFi Direct enables two or several
devices such as mobile phones, keyboards, printers, cameras, ga…


Windows Phone 7, Facebook-Bing Alliance Marked Microsoft’s Week

Microsoft’s Windows Phone 7 launch, its deeper partnership with Facebook over Bing search tools, and a monster Patch Tuesday were the highlights of the company’s week. – Microsoft focused this week on launching Windows Phone 7, the company’s
newest smartphone platform and its next best chance at reversing its
market-slide.
quot;I’ve been looking forward to this day for some time, quot; Microsoft CEO
Steve Ballmer told media and analysts gathered for the compan…


Dataguise Joins NetApp Alliance Partner Program

NetApp and Dataguise team up to offer enterprises greater control over securing sensitive documents. – Security solutions specialist Dataguise announced it has joined the NetApp
Alliance Partner Program as an Advantage Alliance Partner. The companies said
the collaboration between Dataguise and NetApp will help customers generate
production data for test and development and distribute it safely. …


Serbian trade unions start protests

The Alliance of Independent Unions will hold the first in a series of announced protests in the southern town of Kruševac today.
The protests come due to the bad economic situation and changes to the law on pension insurance.

Thursday Comment Sept 9: Casinos and cruises

GENTING HONG KONGS management was in town for a roadshow this week. Its president, David Chua, along with Kingson Sian, president of Resorts World Manila, and Andrew Tan, chairman and CEO of Alliance Global Inc, one of Philippines’ largest conglomerates, gave presentations to broking houses and met up with dealers and investors.

Opened in Aug 2009, Resorts World Manila is a 50:50 joint venture between Genting Hong Kong and Alliance Global and is only 55% completed. Home to five-star Marriott Hotel Manila and the 172-suite Maxims Hotel, RWM is a five-minute drive away from the soon-to-be-open Ninoy Aquino International Airport’s Terminal 3. Another Remington Hotel is targeted to open in the first quarter of 2011. Upon completion, the total number of hotel rooms in RWM is expected to hit 1,300. A retail mall was completed in June and is likely to be operational by the end of the year.

 
When completed, RWM will also have three levels of casino space, says Chua. To date, only 200 tables and 1,200 slot machines are operational. By the end of the year, 300 tables and 1,300 slot machines should be up and running. Eventually, RWM will have 2,000 tables and 7,000 slot machines.
 
Already, 2.5 million visitors have walked through the complex, Chua adds. Although 4.3ha of the 7.8ha site has been developed, the total cost of building is estimated to be US$550 million ($738 million). That’s is a fraction of what Genting Singapore spent on Resorts World Sentosa.
 
UOB Kay Hian Research estimates that the 50% stake in RWM contributed about US$10 million to Genting Hong Kong’s 1H2010’s results. The company announced EBITDA for 1H2010 was US$50.5 million, up some 84.3% year-on-year. Total comprehensive income for the six months was US$15.4 million, a marked contrast to the US$57.9 million loss recorded a year ago.
 
CRUISE BUSINESS TURNING AROUND
Genting Hong Kong also operates a cruise business in Asia and owns a 50% stake in Norwegian Cruise Line.
 
Chua claims the cruise business is doing better despite the opening of the two IRs in Singapore, and that NCL’s business has reached an “inflection point”. Superstar Virgo, the cruise ship based in Singapore, is attracting passengers with new destinations, Chua says.
 
The Superstar Libra is also packed, he adds. According to UOB Kay Hian, NCL’s operations are turning around because of last year’s stringent cost-cutting efforts. NCL’s numbers was further helped by stronger ticket pricing and booking trends, UOB Kay Hian points out. Its occupancy rates were said to have inched closer to record levels, the broker says, adding, “This is indeed a positive surprise for us.”
 
UOB Kay Hian also points out that the cruise business’s Taiwan routes have turned a profit of US$3-4 million from a loss of US$5 million a year ago. “Efforts in Taiwan serve to position the group to explore land-based casino opportunities going forward,” UOB Kay Hian states in a recent report, “On the macro front, we learnt that a draft legislation is expected to go to the national assembly by year-end, followed by one or several referendums to seek local residents’ approval for the opening of casinos on the outlying islands… It was disclosed that a legal firm and a consultant firm has been appointed by the Ministry of Transport to spearhead efforts to bring about Taiwan’s first integrated resorts (IRs).”
 
According to the report, the EV/EBITDA is 19-20 times, which is rich. Compare this to the 11 times EBITDA that Genting Singapore sold Genting UK to Genting Malaysia, and the sector average of nine times, UOB Kay Hian says. But, of course, that does not fully reflect the potential of RWM. Genting Hong Kong last traded at 44 cents, up 69% year to date.
 
CHART VIEW
The STI (3,022) remains resilient following the strengthening of some medium-term indicators. However, the peaking of the short-term indicators this week could leave the market vulnerable to at least a temporary retreat. Watch for support first at 3,000 and then at 2,948 at the 50-day moving average. An earlier break above 2,900 indicated a target of 3,120. While bullishness pervades, the focus is on situational counters.
 
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Cisco Smart Grid Efforts Include Alliance, Acquisition

Over two days, Cisco Systems bolstered its smart grid efforts by partnering with Itron and buying Arch Networks. – Cisco Systems is ramping up its push into the smart grid space, bolstering its efforts with a partnership and an acquisition.
A day after Cisco unveiled a partnership with Itron
to create an IP-based communications network for the smart grid market,
the networking giant announced Sept. 2 that it …


Mimi Fishman Poster Auction For Conscious Alliance

The Mimi Fishman Foundation just launched a new poster auction they are hosting for their friends at Conscious Alliance, which features a handful of signed posters from bands such as String Cheese Incident, Widespread Panic, The Disco Biscuits, Umphrey’s McGee, STS9 and Phil Lesh. Also included is a Jam Cruise 6 poster with tons of signatures. Check out the auction here.

Bidding concludes Tuesday, September 7.


Thai Air says Tiger share sale won’t affect alliance plan

Thai Airways International Plc said plans for a budget airline alliance with Singapore’s Tiger Airways won’t be affected by news that two big Tiger shareholders and its chief executive sold discounted shares in the budget carrier.

Tiger said this week that substantial shareholders Indigo Singapore Partners and Ryanasia, along with chief executive Tony Davis, sold 65.796 million Tiger shares at a discounted price of $1.90 in a transaction worth about $125 million.

Read more…

Thai Airways reviewing Tiger alliance after share sale

Thai Airways International Plc said on Thursday it was reviewing plans for a budget airline alliance with Singapore’s Tiger Airways after two big Tiger shareholders and its chief executive sold discounted shares in the budget carrier.

Tiger said substantial shareholders Indigo Singapore Partners and Ryanasia, along with chief executive Tony Davis, sold 65.796 million Tiger shares at a discounted price of $1.90 in a transaction worth about $125 million.

Read more…

Conscious Alliance Food Drive At High Sierra Music Fest

FEEDING THE HUNGRY EVERYWHERE MUSIC PLAYS

The Conscious Alliance will be staging a food drive at this year’s High Sierra Music Festival. The food donations will benefit a local Feeding America affiliate. All patrons that donate 10 non-perishable food items will receive a free limited-edition High Sierra poster created by Phil Lewis.

Donations can be made at the Conscious Alliance Art that Feeds Gallery, located on the festival guide map. Posters are printed on a post-consumer waste paper, further enhancing the greening efforts of the festival.

The Conscious Alliance encourages food donations to be low-sodium and health oriented products. Organic food donations are especially encouraged. RAMEN NOODLES will NOT be accepted for the free poster. Conscious Alliance thanks JamBase readers for their continued support in feeding the hungry everywhere the music plays.


The week ahead

Iraq’s new parliament will be in session; oil executives will be grilled by Congress

•IN IRAQ, the first session of the new parliament begins on Monday June 14th. Iyad Allawi’s Iraqi National Movement, known as Iraqiya, narrowly won the general election (which took place at the end of March), giving him the right to try to form a coalition. This will not be easy. Making a stable government out of the available ingredients—which include the State of Law alliance, led by the current prime minister, Nuri al-Maliki; a Shia religious alliance that includes followers of a populist cleric, Muqtada al-Sadr; and a Kurdish alliance—could take months.

Minister meets with Gay-Straight Alliance

Labor Minister Rasim Ljajić met with representatives of the Gay-Straight Alliance (GSA).

The GSA called on the government to offer the needed support and protection to make sure that a Pride Parade can be held this year.