The images from the protests in Cairo, Egypt today are stunning. See this, this and this.President Mubarak’s family has already fled the country.As Raw Story notes:Demonstrators calling for economic and political reforms broke through police barriers…
Posts Tagged ‘Eastern’
Press-release: ASBIS Enterprises Now Offering QLogic Networking Solutions to Russian and Eastern European Markets
January 20th, 2011 |
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ASBIS, Leading Pan-EMEA Distributor, Broadens Reach of QLogic Ethernet, Fibre Channel and InfiniBand Products
Great Eastern said to sell $400m of 4.6% 15-year notes
January 12th, 2011 |
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Great Eastern Holdings, the Singapore insurance company, sold $400 million of 4.6 percent 15-year bonds, according to a person familiar with the matter.
The company set up a $1 billion multi-currency medium-term notes facility on Jan. 10, and appointed Oversea-Chinese Banking Corp. and Morgan Stanley to manage it, according to a Singapore stock exchange announcement.
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Great Eastern said to plan benchmark sale of 15-year bonds
January 12th, 2011 |
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Great Eastern Holdings, the Singapore insurance company, plans a benchmark sale of 15-year bonds denominated in Singapore dollars, according to a person familiar with the matter.
The notes may be priced to yield around the 4.75% area, the person said, asking not to be identified as details are private.
Great Eastern establishes $1b bond program
January 10th, 2011 |
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Great Eastern Holdings, the insurance company controlled by Singapore’s second-largest bank, set up a $1 billion multi-currency medium-term note program.
Oversea-Chinese Banking Corp. and Morgan Stanley will manage the program, which may lead to sales of senior or subordinated, fixed- or floating-rate notes, according to a statement to the Singapore stock exchange today.
China Eastern, SIA invest in cargo carrier: Update
December 20th, 2010 |
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China Eastern Airlines Corp., Singapore Airlines and partners agreed to combine three air-cargo carriers to bolster their presence in Shanghai, mainland China’s busiest freight hub.
China Eastern, Singapore Air’s cargo unit, a unit of Taiwan-based EVA Airways Corp. and China Ocean Shipping (Group) Co. will invest a total of 2.05 billion yuan ($405 million) in China Cargo Airlines to support its acquisition of two other freight carriers, according to a Hong Kong stock exchange statement today.
Malaysia’s Great Eastern Takaful plans regional growth
December 20th, 2010 |
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Malaysian Islamic insurer Great Eastern Takaful will expand to Indonesia and Brunei to tap the Muslim market for sharia-compliant products, its chief executive officer said on Monday.
The company, which is owned by a subsidiary of Singapore’s Great Eastern Holdings (GELA.SI) and Malaysia’s armed forces cooperative, also has Singapore and China on its radar for expansion.
China Eastern, SIA invest in air-cargo line: Update
December 20th, 2010 |
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China Eastern Airlines Corp., Singapore Airlines and partners agreed to combine three air-cargo carriers to bolster their presence in Shanghai, China’s busiest air freight center.
China Eastern, SIA’s cargo unit, a unit of Taiwan-based EVA Airways Corp. and China Ocean Shipping (Group) Co. will invest a total of 2.05 billion yuan ($406 million) in China Cargo Airlines to support the takeover of two other freight carriers, according to a Hong Kong stock exchange statement today.
China Eastern, Singapore Air invest in air-cargo combination
December 20th, 2010 |
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China Eastern Airlines Corp., Singapore Airlines’s cargo unit and two other companies agreed to invest 2.05 billion yuan ($405 million) in China Cargo Airlines to support the takeover of two other freight carriers.
China Eastern will invest 1.05 billion yuan in China Cargo and receive a 51% stake, according to a Hong Kong stock exchange statement today. Singapore Air’s cargo unit and Concord Pacific, a unit of Taiwan-based EVA Airways Corp., will invest 328 million yuan each and get 16% apiece. China Ocean Shipping (Group) Co. will put up 348.5 million yuan for a 17% stake.
Dec 13: Wilmar, Popular, China Animal Healthcare, China Gaoxian, Great Eastern
December 13th, 2010 |
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Singapore shares may trade higher on Monday while investors digest China’s latest move to cap inflation and mop up excess liquidity in the economy. Singapore’s benchmark Straits Times Index fell 0.77% on Friday to 3,185.42 points. Here are some stocks and factors to watch, say Bloomberg and Thomson Reuters:
Great Eastern Takaful Sdn Bhd launched
December 10th, 2010 |
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Great Eastern Takaful Sdn Bhd (GETSB), a joint venture company between I Great Capital Holdings Sdn Bhd (i-Great), a subsidiary of Great Eastern Holdings, and Koperasi Angkatan Tentera (M) Berhad (KAT), was officially launched today.
Great Eastern Holdings – Corporate moves
December 2nd, 2010 |
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Christopher Brian Wei has been appointed group CEO wef Feb 10, 2011
Work experience: Executive VP/group chief marketing officer, American International Assurance Co Ltd, Hong Kong (AIA); head, Bancassurance & direct marketing, AIA
Nov 25: CapitaLand, Great Eastern, Renewable Energy Asia Group, SATS, TPV Technology: Update
November 25th, 2010 |
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Singapore shares may open higher today after Wall Street rallied overnight, as investors put aside worries about swirling global problems and focused on an improvement in the labour market and consumer sentiment. The following companies may have unusual price changes in Singapore trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index gained 0.3% to 3,137.01.
Palm-oil producers: Crude palm oil for February delivery rose 1.7% in Kuala Lumpur yesterday, snapping its two-day drop of 6.3%. Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, advanced 3.7% to 71 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, jumped 4.7% to $2.65. Wilmar International (WIL SP), the world’s largest palm-oil trader, rose 0.2% to $6.03.
Great Eastern appoints Christopher Wei as group CEO: Update
November 24th, 2010 |
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Great Eastern Holdings, the insurance company controlled by Singapore’s largest bank, Oversea-Chinese Banking Corp., appointed Christopher Wei as group chief executive officer, according to a statement.
Wei, whose appointment is effective from Feb. 10, was most recently group chief marketing officer at American Insurance Assurance Company, Great Eastern said in a stock-exchange announcement today. Wei replaces Ng Keng Hooi, who resigned in September, according to a company statement at the time.
Great Eastern last month reported third-quarter profit of $168.6 million , up from $33.6 million a year earlier. The insurer is 85% held by Oversea-Chinese, currently Singapore’s biggest lender by market capitalization.
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Great Eastern appoints Christopher Wei as group chief executive
November 24th, 2010 |
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Great Eastern Holdings has appointed Christopher Wei as its Group Chief Executive Officer, effective from Feb 10, according to a Singapore stock exchange announcement. Wei was most recently group Chief Marketing Officer at American Insurance Assurance Company, the statement said.
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Great Eastern +2.2%; 3Q earnings rebound
October 28th, 2010 |
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Great Eastern Holdings (G07.SG) +2.2% at $16.06 after company late yesterday reported 3Q net profit of US$168.6 million ($219.5 million), up 5X from year ago, +127% on quarter.
Credit Suisse, which has stock at Outperform rating, $18.30 target price, says 9-month core net profit of $422 million represents 84% of FY estimates; notes core net profit growth driven by better underwriting profit, lower management expenses.
Oct 28: Great Eastern, Midas, Noble Group, China Fertiliser, BH Global Marine, Creative Tech
October 28th, 2010 |
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Singapore shares may open lower on Thursday, after US stocks fell overnight as investors scaled back expectations of possible action by the Federal Reserve to boost the US economy. Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.21% on Wednesday to 3,124.38 points. Here are some stocks and factors to watch, say Thomson Reuters and Bloomberg:
Great Eastern 3Q net income jumps to $168.6m
October 27th, 2010 |
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Great Eastern Holdings, an insurer controlled by Singapore’s second-largest bank Oversea-Chinese Banking Corp., reported third-quarter net income of $168.6 million, up from $33.6 million a year earlier.
Third-quarter gross premium income fell 7% to $1.66 billion, Great Eastern said in a statement to the Singapore Exchange today.
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Great Eastern incorporates Great Eastern Takaful Sdn Bhd in Malaysia
September 29th, 2010 |
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Oversea-Chinese Banking Corporation says I Great Capital Holdings Sdn Bhd, the subsidiary of unit Great Eastern Holdings, has incorporated Great Eastern Takaful Sdn Bhd in Malaysia.
Koperasi Angkatan Tentera Malaysia Berhad and I Great will have a 30% interest and 70% interest respectively in the entire issued and paid-up capital of Great Eastern Takaful.
Great Eastern Takaful’s principal activities will be licensed under the Takaful Act 1984 and will consist of carrying on and/or transacting family takaful business in Malaysia.
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Great Eastern Holdings – corporate moves
September 7th, 2010 |
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Andrew Lee Kok Keng has been appointed group chief marketing & distribution officer wef Sep 1
Work experience: Executive chairman, BCS Information Systems Pte Ltd; head, Global Consumer Financial Services, Overseas-Chinese Banking Corp Ltd