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Posts Tagged ‘Investments’

GIC says US to remain focus of investments as growth slows

The US will remain the Government of Singapore Investment Corp.’s biggest area for investments for years, even as emerging markets grow faster, Deputy Chairman Tony Tan said.

“There is a major transfer of wealth from the developed countries to the developing countries in Asia,” Tan said today in an interview at the World Economic Forum meeting in Davos, Switzerland. “But it does not mean that for us in GIC, as an international investor, that we do not see opportunities, certainly in the US but even in Europe, because prices have gone so low.”

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Singapore aims to attract $14b in investments in 2011

Singapore aims to attract as much as $14 billion of investments in manufacturing and services this year to boost economic growth and spur employment.

The city state lured fixed-asset investments of about $12.9 billion last year, the Economic Development Board said today. The government also targets as much as $7.5 billion in business spending this year from manufacturing and services industries such as information, education and health care.

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Singapore targets $12-14b in fixed asset investments in 2011

Singapore expects to get $12 to 14 billion in fixed asset investment commitments this year as the global economic recovery continues and investors show increasing interest in Asia, the country’s Economic Development Board (EDB) said on Monday.
 
EDB said the city-state of 5 million people attracted $12.9 billion in fixed asset investment commitments last year, beating its forecast of $10-12 billion and surpassing the $11.8 billion in 2009.

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Investments in industry goal for 2011

Investments in industrial development and attracting of investors are key goals in this year, experts say.

Privatization Agency Director Vladislav Cvetković and Serbia Investment and Export Promotion Agency (SIEPA) Director Božidar Laganin say that the main goals of the two agencies in 2011 will be to attract investors.

Savu Investments sells $420m of 3.83% bonds due in 2014

Savu Investments is selling S$420 million of 3.83% bonds maturing in 2014, according to data compiled by Bloomberg.
 
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Weather Investments interested in Telekom

The Weather Investments telecommunications company, registered in Italy, is interested in acquiring Telekom Srbija, Serbian government sources told Beta. According to the sources, Weather Investments wishes to participate in the tender for the acquisition of 51 percent of the Serbian state-owned telecommunications comany shares but, before that, the commission that is carrying out the tender procedure has to grant them permission to buy the documents required for participation in the procedure.

Singapore to draw Islamic investments with Sabana, HSBC says

Singapore will attract more Islamic investments from the Middle East following the share sale of Sabana Shari’ah Compliant Industrial REIT, the world’s largest Islamic property trust, HSBC Holdings Plc said.

Sabana raised as much as $664.4 million in the sale. The 458 million shares offered, which exclude reserved stock or those for key investors, were 2.5 times subscribed, the trust said in a statement yesterday. The shares for retail investors drew 12 times more demand, said Rafe Haneef, managing director of global markets for HSBC Amanah, the Shariah-compliant unit of Europe’s largest bank.

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Seroja Investments bags coal delivery contract worth $194m

Seroja Investments says subsidiary PT Pulau Seroja Jaya (PT PSJ) has entered into a coal barging agreement with PT Adaro Indonesia.

The coal barging agreement was won by PT PSJ through a competitive bidding process where PT PSJ emerged as the bidding party which made the best offer. Through this deal, PT PSJ will further strengthen and enlarge their strategic relationship with PT Adaro Indonesia, which is one of the largest coal producers in Indonesia.

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Chip Shot: Intel Capital to Announce New Global Investments

At the eleventh annual Intel Capital CEO Summit in Huntington Beach, CA, Intel Capital President Arvind Sodhani will host a press conference at 12:30 p.m. PST today. The press conference will be streamed live. Sodhani will provide a general update on Intel Capital and will announce new investments in innovative companies around the world.  He will be joined by a number of CEOs and a Q&A session will immediately follow. The Intel Capital CEO Summit is the pre-eminent technology networking event, with over 700 attendees from Intel Capital portfolio companies and Intel’s global customers and partners. Industry technology executives attend the Intel Capital CEO Summit to identify innovative solutions and business development opportunities.

How to Parlay Compliance and Audit Investments for Improved Risk Management

There is a chronic shortage of man power, money and system bandwidth to deal with the ever increasing number and complexity of IT security threats. What’s more, compliance and audit requirements deplete resources that could otherwise be used for fundamental security problems. Here, Knowledge Center contributor Mitch Christensen explains how existing staff and systems can be leveraged to satisfy compliance and audit requirements, with a look at increasing operational efficiency to improve overall business risk management. – In the current environment of limited IT staff and budget, efficiency is everything. Nowhere is this more applicable than for IT security teams. There simply aren’t enough staff and systems to meet the ever increasing challenges and requirements posed by compliance regulations, internal audits and b…


DBS calls Asia ex-Japan currencies ‘good mid-term investments’

DBS Group Holdings called Asian curriencies except for the Japanese yen “good medium-term investments.”

The Singapore-based bank favors Asian bonds, with the exception of Japanese bonds, in the long term, according to a statement ahead of a press briefing in Taipei today.

 
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Time Watch Investments unit acquires Kowloon property

Time Watch Investments says wholly-owned subsidiary, Winning Asia Holdings Group, has on 4 October 2010 signed a Sales and Purchase Agreement to acquire a number of workshop units and parking spaces in CEO Tower, No, 77, Wing Hong Street, Kowloon, Hong Kong for HK$52,843,400 ($8.9 million). The acquisition shall be financed through internal resources and bank loan.

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GIC seeks flexibility in investments amid ‘greater uncertainty’

Government of Singapore Investment Corp., manager of more than US$100 billion ($132.2 billion) of the city-state’s reserves, said it is seeking more flexibility in its investments as it expects more market volatility.
 
The management, with the approval of the board, will be able to “make calibrated departures” from its asset allocation strategy over the medium term, or within five years, it said in its annual report today.

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Malaysia plans nuclear power, mass rail investments: Update

Malaysia plans to develop a nuclear energy industry, build a mass rail network and create a shopping district to rival Singapore’s Orchard Road as part of efforts to boost investment and spur growth.

These are among US$444 billion ($592 billion) worth of potential private- sector-led projects by companies including Dialog Group Bhd. and IOI Corp. that may turn around an investment slump and help the country achieve developed nation status by 2020, according to Idris Jala, chief executive officer of the government’s Performance Management and Delivery Unit, or Pemandu.

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How to Integrate Existing IT Investments with Benefits of the Cloud

Cloud computing is currently one of the hottest topics in the IT industry due to the legitimate benefits of the cloud. At issue, however, are ways to secure data in the cloud. Here, Knowledge Center contributor Taher Elgamal explains how organizations can leverage existing "command and control" IT investments while taking advantage of cloud computing’s benefits. – For the most part, current IT investments have been ignored as part of the cloud security equation, amounting to years of wasted budget. This is especially true with policies and directories that pertain to keeping the data secure, with only the right people accessing it quot;command and control qu…


Singapore’s Global Investments raises stake in Ascendos

Singapore mutual fund Global Investments (GLNV.SI) said on Thursday it had raised its stake in Ascendos, a Guernsey-based firm that owns a railway equipment leasing company, by 5.56% to 40.56% after restructuring.

The restructuring includes a transfer of shares held by Babcock & Brown Investment Holdings (BBIH) in Ascendos to the three remaining shareholders at a nominal payment of 1 euro by each shareholder.

 
As a result of the share transfer, BBIH will cease to be a shareholder of Ascendos.
 
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Hotung Investments Hldgs – Corporate moves

Fang-Chu Sun has been appointed non-ED wef Aug 13
Work experience: Senior VP/GM, direct investment dept, Mega Int’l Commercial Bank Co Ltd

DBS says luxury, technology offer good investments

Asian luxury and technology companies are good investments in the current economic climate, DBS Group Holdings Ltd.’s Chief Executive Officer Piyush Gupta said in Singapore today.

Commodities, small and medium-sized enterprises as well as infrastructure companies also offer good investments in Asia, he said.

Financial institutions with strong trade, project, and consumer-finance units, capital-market offerings as well as wealth-management services are proxies to the regional economic growth, Gupta said.

 
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Jasper Investments – Corporate moves

Tan Yeelong has been appointed non-ED wef July 28
Work experience: Partner, Freshfields Bruckhaus Deringer, Hong Kong

July 1: Mapletree Investments, Darco, Lian Beng, Parkway

Singapore’s benchmark Straits Times Index rose 0.18% on Wednesday to 2,835.51 points.

Singapore stocks may fall on Thursday after US shares extended their losses overnight, as investors stayed on the sidelines amid conflicting economic data. US private sector employment rose by a paltry amount in June, underscoring concerns about a weak labour market.

Mapletree Investments, a real-estate firm wholly-owned by Singapore state investor Temasek (TEM.UL), said today it hopes to raise $1 billion from an industrial REIT initial public offering. The industrial REIT portfolio will contain only Singapore properties and initially have a value of $1.7 billion.

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