CapLand says inclusive of a $12.8 million development charge, the land cost works out at $1,056 psf per plot ratio. It plans to build 150 units of 1 and 2 bedroom apartments, for launch in 1H12.
We’re not sure what our European brethren did to deserve this, but TV’s most controversial “guidos†are packing their cans of fake tan and heading abroad, with MTV announcing that Jersey Shore will shoot its fourth season in Italy. Already seeped in a public relations stink caused by the series premiere of its controversial new [...]
Bill Gross had a great sound bite at Forbes’ annual investing roundtable:I don’t know if the U.S. has reached a desperate point, but it is employing instruments and vehicles and policies that smack of desperation. We are not looking at a default here…
Oracle had asked for $211 million extra in interest from its longtime competitor but will get a lot less. – A federal court judge ruled Dec. 28 that enterprise software maker SAP must pay Oracle prejudgment interest on its Nov. 23 $1.3 billion copyright infringement verdict,
but it was about $195 million less than the amount requested by Oracle.
After it won the monthlong
jury-trial case in the Oakla…
Actress Kirsten Dunst admits that she deliberately dresses down to avoid celebrity photographers. “I just don’t want to look bad in those pictures. Paparazzi don’t have as much interest in you when you’re not wearing big sunglasses and carrying a $5,000 bag,” showbizspy.com quoted her as telling a magazine. “I have no interest in wearing [...]
Defense Minister Dragan Å utanovac says Serbia is interested in using Bulgaria’s military facilities. Å utanovac made the statement in Sofia on Tuesday after his meeting in Sofia with his Bulgarian counterpart Anu Angelov.
SATS (S58.SG) –0.7% at $2.84 in thin trade, hardly swayed by company’s decision to buy Japan Airlines’ entire 50.7% stake in airline caterer TFK Corp for $122 million.
Purchase marks SATS’ entry into Japan, in line with company’s active bid to develop presence beyond core Singapore, UK markets.
Sabana Shariah Compliant REIT <SABA.SI>, which owns industrial properties, fell as much as 3.4% on Monday, its second day of trading, hurt by interest in other newly listed companies and weaker market sentiment.
Serbia’s PM Mirko Cvetković reconfirmed in a letter to hisBulgarian counterpart Boyko Borissov his country’s interest in the Belene project. Serbia is interested in taking part in the construction of a nuclear power plant at Belene as one of the investor.
Anti-Corruption Council President Verica Barać says the coming sale of Telekom Srbija is not transparent and does not serve the best interests of Serbia. At a press conference, Barać told reporters that the government has not replied to a letter which the Anti-Corruption Council sent several month ago, in which it requested that the decision on the sale be made public and that the relevant ministry provides an explanation for proposing the sale of the state-owned telecommunications company.
ARA Trust Management (Suntec), as manager of Suntec Real Estate Investment Trust (Suntec REIT), says HSBC Institutional Trust Services (Singapore), as trustee of Suntec REIT, has entered into a conditional share purchase agreement with Choicewide Group, Cavell Limited and Hutchison Whampoa Properties to acquire a one-third interest in Marina Bay Financial Centre Towers 1 and 2, the Marina Bay Link Mall and 695 car park lots through the acquisition of one-third of the issued share capital of BFC Development.
Hu An Cable (KI3.SG) +2.4% at $0.430, rising after company, in exchange filing, says Singapore-based private equity firm SEAVI Advent has approached non-executive board member, substantial shareholder Yeung Wai Wing to buy about 5.0% of Hu An’s issued shares that Yeung already owns, reports Dow Jones.
A question of holding the accountants to account
THESE are tough times for bean-counters. Recent revenue figures for two of the big four accountancy firms show small declines. Their auditing and tax-advice businesses are stagnant. But consulting is buoyant. PWC’s consulting revenues, announced on October 4th, rose 7.9% between 2009 and 2010. Deloitte Touche Tohmatsu’s grew by 14.9%. Ernst & Young’s grew by a more modest 2%, but the trend is clear. For the big four—which also include KPMG—consulting now generates between a sixth and a third of global revenue, and this figure is growing.
Some people find this worrying. In America, accountants are barred from providing most non-audit services to firms they audit. (This rule was introduced after the collapse of Enron, whose auditor, Arthur Andersen, was thought to have gone easy on the crooked energy firm to protect its lucrative business advising it.) In other countries, however, the rules are less strict. …
Who says private clouds dont exist? Merrill Lynch says the public and private cloud infrastructure will be a $160 billion market by 2011. Someone is building private clouds. Understanding the concepts and principles behind private cloud will help you evaluate your options and lay the foundation in place for the future. –
While there’s still plenty of
room for growth among enterprises for straight ahead, consolidation-oriented
server virtualization projects, many organizations are looking to take their
virtualization deployments to the next level. How? By shaping their data
centers into elastic and self-service…
German companies and Romania are showing interest in Russia’s gas pipeline project South Stream, RIA Novosti reports. The Russian news agency quoted Gazprom Chief Executive Alexei Miller on Friday.
