Resorts World Sentosa, a unit of Genting Singapore Plc, Asia’s biggest casino operator by market value, borrowed $4.2 billion to refinance debt, including $3.5 billion in term loans and $500 million in revolving credit facilities, according to a Feb. 1 company statement. Nineteen lenders helped arrange the loans while a $192.5 million banker’s guarantee facility was provided by DBS Bank and Oversea-Chinese Banking Corp., according to the statement.
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Got a few extra bucks laying around? A homeless Ohio man, who once shared a tent with silver-voiced radio announcer Ted Williams, is auctioning off a bundle of cardboard signs — baring William’s handwriting — that the father of nine used to panhandle alongside the Columbus freeway. The portion of proceeds from the upcoming eBay [...]
Singapore’s Sembcorp Marine (SCMN.SI), the world’s second largest rig builder, said on Thursday it has signed up to $182 million ($233.5 million) jack-up rig contract with a wholly-owned unit of Atwood Oceanics.
The rig is scheduled for delivery by the end of June 2013 and Sembcorp said the contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the firm for the year ending December 2011.
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Your Zodiac sign may have changed Astrology is a bunch of crap, but a lot of people either A) believe in it or B) think it’s amusing so today’s report that the Zodiac signs we all thought we were born on have changed was big news. The original Zodiac signs originated over 3000 years ago [...]
Brazilian footballer Ronaldinho’s transfer from AC Milan to Flamengo in Rio de Janeiro has been completed, the Brazilian club said late Monday. The 30-year-old player’s contract runs until the World Cup in Brazil in 2014. “This is a very special day for Flamengo,” club president Patricia Amorim said. Ronaldinho played in the Brazil team that [...]
Serbian President Boris Tadić has approved the draft state budget for 2011 and accompanying laws that were adopted by the Serbian parliament on Wednesday.
The president has also approved a set of judicial laws, as well as changes to the Law on Pension and Disability Insurance.
Founder of the whistle-blowing website WikiLeaks Julian Assange has signed USD 1.5mn contracts with publishers to pen his autobiography, the Sunday Times said.
Assange, whose WikiLeaks website has provoked U.S. rage by releasing diplomatic documents, said the money will help him to defend himself against the sexual assault claims made by two women in Sweden, which he denies.
The Serbian government and representatives of the UN Development Program (UNDP) and the UNICEF have signed a new five-year Country Program Action Plans (CPAPs).
The plans were signed Friday by Head of the Serbian government Office for EU Integration Milica Delević, UN Resident Coordinator and UNDP Resident Representative William Infante and UNICEF Area Representative for Serbia and for Croatia Judita Reichenberg.
Spice i2i (M09.SG) +4.0% at $0.130 in above-average volume; stock enjoying 4th session of gains (which breaks losing run since Nov. 18) after it announced the acquisition of NewTel Corp., the second largest local branded handset player in Thailand on Dec. 6.
“It may be early days yet, but the charts show a pickup in volume and the recent news flow on acquisitions show they’re broadening their business after their rights issue,” says a trader at a local house.
Get ready for two more years of “Spaghetti Cat!” Community’s Joel McHale has agreed to host two additional seasons of E!’s pop culture recap show, The Soup, Entertainment Weekly said Tuesday. The Soup serves as a platform for the comical McHale to add his sarcastic barbs on many of television’s most outrageous moments. McHale, who [...]
Frasers Centrepoint Trust signed a $264 million, five-year loan that it will use to refinance debt, according to data compiled by Bloomberg. The term loan pays interest of 95 basis points more than the Singapore swap offer rate, the data show.
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A new study has shown that kids who have a high body mass index (BMI) between 9 and 12 years of age are more likely to have high blood pressure, cholesterol and blood insulin levels (all risk factors for developing heart disease) by the time they reach adolescence. A total of 5,235 children took part [...]
Mainboard-listed Sinotel Technologies, the provider of wireless telecommunications infrastructure and solutions in China, says the group has signed a deal with China Telecom to promote its fixed line, fibre-optic broadband and IPTV services on an income-sharing basis.
Under the agreement, the group will develop high speed fibre-optic infrastructure for four residential districts in Shanxi, namely Wen Ting Ban Li, Hu Pan Xiao Chu, Ji Zhen Cun and Tai Hua, connecting homes directly to China Telecom’s core network. The connection will make available to home users fixed-line telephone, broadband internet and IPTV services. The installation of fibre optics would provide seamless transfer speeds and endure less data loss due to its immunity to electromagnetic interference whilst in transit.
The sharing of net income derived from the three services is as below:
| China Telecom | Sinotel | |
| Fixed-line telephone | 60% | 40% |
| Broadband Internet | 60% | 40% |
| IPTV | 30% | 70% |
The contract between Sinotel and China Telecom is valid for five years and during this period, the joint partners have exclusive rights to provide the above services to these residential districts.
The group anticipates this business segment to be one of the growth drivers for Sinotel in the next year and intends to replicate this model in other provinces and communities.
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Earnings also higher than CNY14.9 million profit in 2Q10. Cash position strong at CNY716.4 million ($138.4 million). In bid to drive growth further, Fuxing in talks to acquire 3 privately-held companies in China.
