The US welcomes India’s greater involvement in East Asia and is committed to working with New Delhi as it increases ties with US allies in Southeast Asia and Japan, a senior US official has said. “Ultimately, we think that India’s role in the Asian-Pacific region stands to be one of the most important new developments [...]
Posts Tagged ‘Southeast Asia’
US welcomes emerging India’s role in Asia Pacific
February 3rd, 2011 |
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Jan 28: CapitaLand, SIA, SingTel
January 28th, 2011 |
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The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index was little changed at 3,219.83.
CapitaLand (CAPL SP): Southeast Asia’s biggest developer said it has agreed to buy a residential property in eastern Singapore for $100.7 million . The property will be redeveloped into a condominium with 150 units, comprising of one-bedroom and two-bedroom apartments. CapitaLand slipped 1.1% to $3.65.
LG Electronics – Corporate moves
January 20th, 2011 |
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James (Jae Yoo) Park has been appointed president, Southeast Asia Region Representative/MD, LG Electronics Singapore wef January 2011
Work experience: President, LG Electronics, Chile; marketing team leader, Europe, China and CIS markets, LG Electronics
RBS appoints Madan Menon as Singapore country executive
January 12th, 2011 |
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Royal Bank of Scotland Plc said it appointed Madan Menon as country executive of Singapore, according to an e-mailed statement today. This is in addition to his existing role as head of global banking and markets for India, as well as head of global banking for Southeast Asia.
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Kim Eng rises to record after Maybank makes buyout bid: Update
January 7th, 2011 |
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Kim Eng Holdings, a Singaporean brokerage, surged to a record after Malayan Banking, Malaysia’s biggest lender, offered to buy the company for $1.79 billion to speed up expansion in Southeast Asia.
Shares of Kim Eng jumped 13% to $3.05 at the 5 p.m. close in Singapore trading, an all-time high, making it the best performer on Singapore’s stock exchange. Maybank, as the Kuala Lumpur-based company is known, slipped 0.1% to 9 ringgit, snapping a three-day gain.
Kim Eng rises to record after Maybank makes $1.79b bid
January 7th, 2011 |
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Kim Eng Holdings, a Singaporean brokerage, surged to a record and Malayan Banking gained after Malaysia’s biggest lender offered to buy the company for $1.79 billion to speed up expansion in Southeast Asia.
Shares of Kim Eng jumped 12% to $3.03 at 10:48 a.m. in Singapore trading, set to close at an all-time high. Maybank, as the Kuala Lumpur-based company is known, added 0.7% to 9.07 ringgit, headed for its highest close since Nov. 16.
Maybank makes $1.8b bid for Kim Eng: Update 3
January 6th, 2011 |
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Malayan Banking Bhd., Malaysia’s biggest lender by assets, offered to buy Singaporean brokerage Kim Eng Holdings Ltd. in a deal valued at $1.79 billion, accelerating its expansion in Southeast Asia.
Maybank, as the Kuala Lumpur-based company is known, agreed to buy a 44.6% stake in Kim Eng from Taiwan’s Yuanta Securities Asia Financial Services and Kim Eng Chairman Ronald Anthony Ooi Thean Yat at $3.10 a share, the companies said in separate statements today. That’s a 36% premium to the stock’s average price over the past 20 days.
Maybank makes $1.79b bid for Singapore’s Kim Eng: Update 2
January 6th, 2011 |
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Malayan Banking, Malaysia’s biggest lender by assets, offered to buy Singaporean brokerage Kim Eng Holdings in a deal valued at $1.79 billion, accelerating its expansion in Southeast Asia.
Maybank, as the Kuala Lumpur-based company is known, agreed to buy a 44.6% stake in Kim Eng from Taiwan’s Yuanta Securities Asia Financial Services and Kim Eng Chairman Ronald Anthony Ooi Thean Yat at $3.10 a share, the companies said in separate statements today. That’s a 36% premium to the stock’s average price over the past 20 days.
Maybank makes $1.79b bid for Singapore’s Kim Eng: Update
January 6th, 2011 |
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Malayan Banking, Malaysia’s biggest lender by assets, offered to buy Singaporean brokerage Kim Eng Holdings in a deal valued at $1.79 billion, accelerating its expansion in Southeast Asia.
Maybank, as the Kuala Lumpur-based company is known, agreed to buy a 44.6% stake in Kim Eng from Yuanta Securities Asia Financial Services and Kim Eng Chairman Ronald Anthony Ooi Thean Yat at $3.10 a share, the companies said in separate statements today. That’s 15% above Kim Eng’s latest price.
CapitaLand, CapitaMalls up on China plans
January 5th, 2011 |
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Shares of CapitaLand (CATL.SI), Southeast Asia’s largest property developer, rose on Wednesday after it said it was open to the idea of a listing in China, where the firm’s shopping mall unit plans to almost double its number of properties.
CapitaMalls Asia (CMAL.SI) said it hopes to have around 100 malls, up from 53 now, in China within the next three to five years, the firm said in a filing to the Singapore Stock Exchange on Tuesday.
Singapore 4Q growth tad slower but doesn’t hurt 2010 record
January 3rd, 2011 |
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Singapore’s economy expanded a tad slower than analyst estimates in the fourth quarter of last year, but that didn’t prevent the island nation rounding out a year of record growth.
Singapore’s economy, considered a bellwether for Southeast Asia, expanded at an annualized pace of 6.9% in the October-December period from the previous quarter, rebounding from a third-quarter slump and staying on course to become the second-fastest growing economy in the world after Qatar.
JPMorgan hires RBS banker as Asia Corp Bank CEO: Update
December 20th, 2010 |
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JPMorgan’s <JPM.N> corporate bank has hired a senior banker from Royal Bank of Scotland <RBS.L> as its new Asia chief executive, as it seeks more business growth from emerging economies.
Muhammad Aurangzeb, who was last head of global banking and markets for RBS in Southeast Asia as well as country executive for Singapore, will join the US bank in February, a JPMorgan spokeswoman confirmed in an email to Reuters.
JPMorgan hires RBS banker as Asia Corp Bank CEO
December 20th, 2010 |
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JPMorgan’s <JPM.SI> corporate bank has hired a senior banker from Royal Bank of Scotland <RBS.L> as its new Asia chief executive.
Muhammad Aurangzeb, who was previously head of global banking and markets for RBS in southeast Asia as well as country executive for Singapore, will join the US bank in February, a bank spokeswoman confirmed in an email to Reuters.
XinRen Aluminum exploring 4th smelting plant
December 20th, 2010 |
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XinRen Aluminum, a Singapore-listed aluminium producer, is looking to build or acquire a fourth smelting plant in China, Southeast Asia or Saudi Arabia, company officials said.
The China-based firm currently has two smelting plants, which produce primary aluminium such as ingots and plates, with a total production capacity of 275,000 tonnes per year.
STI flat at midday
December 17th, 2010 |
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Southeast Asia’s largest lender DBS (DBSM.SI) led Singapore banks higher as of midday on Friday, as investors sought bargains among stocks that have underperformed so far this year.
At the lunch break, the Straits Times Index (STI) <.FTSTI> was up 3.31 points at 3,150.98. The total value of shares traded in the morning session was $774.9 million, up from $628.3 million on Thursday.
DBS to take over some RBS banking businesses in China: Update
December 15th, 2010 |
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DBS Group Holdings, Southeast Asia’s biggest bank, said it will take over Royal Bank of Scotland Group Plc’s retail and commercial banking businesses in China.
RBS will transfer close to 25,000 clients in Shanghai, Beijing and Shenzhen to DBS China, Singapore-based DBS said in a statement today. DBS didn’t spend any money on the deal, Melvin Teo, chief executive officer of DBS China, said at a news conference in Shanghai.
DBS Group looks for partner for securities broker in China
December 15th, 2010 |
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DBS Group Holdings, Southeast Asia’s biggest bank, is looking for a joint venture partner for a securities broker in China with a nation-wide distribution license, Melvin Teo, the head of the Singapore bank’s China business, told reporters today. DBS Chief Financial Officer Chng Sok Hui said the bank aims to increase revenue contributions from China to 10% from 4% of group sales within five years.
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Weekend Comment Jan 14: Property market gets the chills
Singapore government’s measures to curb property speculation sent shares of city-state’s biggest developers down the most in 11 months today.
The Straits Times Real Estate Index fell 0.3% at the close, with three stocks falling for every two that gained. CapitaLand, Southeast Asia’s biggest developer, fell 3.4% to $3.71, while City Developments, the second largest, declined 4.6% to $12.16, both retreating by the most since Feb 22.
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