Ascott Residence Trust (ART) (ASRT.SI), which owns serviced apartments in Europe and Asia, is expanding into growth markets like India and Vietnam as it hopes to double assets over the next five years or so , its chief executive officer said.
Posts Tagged ‘Vietnam’
17 Actors Who Successfully Reinvented Themselves
January 25th, 2011 |
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It’s damn easy for a star to get typecast, and eternally stuck in one sort of role. Many struggle to break from early TV beginnings into more serious pieces, but are eternally remembered as one character, and never really get away from that. However, some stars, with hard work, luck, and the vagaries of popular [...]
China plans high-speed rail to Singapore, Daily says
January 18th, 2011 |
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China’s southern Guangxi Zhuang autonomous region will make building a high-speed rail link from its main city of Nanning to connect to a planned Singapore-bound line its main task in the next five years, the China Daily said.
The construction of the rail link to Pingxiang, a city near China’s border with Vietnam, will start in the second half of this year, the paper said citing the local development and reform commission.
Martin Luther King Jr.: Stop the Wars in Iraq and Afghanistan and Stop the Mugging of the Middle Class and Poor by the Wealthy
January 17th, 2011 |
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The Defense Department’s general counsel said that he believed Martin Luther King, Jr., might have supported the current wars: I believe that if Dr. King were alive today, he would recognize that we live in a complicated world, and that our nation’…
15 Of The Most Confusing Films Ever Made
January 11th, 2011 |
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Most films are pretty linear and easy to follow in their story telling. Others are muddled, but make sense when you think about them — like Memento. But some, some are designed to bewilder, obfuscate, and confuse. These 15 films are all varying degrees of head-scratchers. Some you can pick apart with a bit of work, [...]
PayPal, eBay Targeted in Web Theft Scam That Stole Millions
January 5th, 2011 |
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Federal agents raided the home of two Vietnamese exchange students suspected of being mules for an online scam that used stolen credit card information and bogus PayPal accounts to sell products on eBay. – Two foreign exchange students from Vietnam
are accused of being mules for an international identity theft ring believed to
have stolen millions of dollars from online merchants, according to an
affidavit filed by federal investigators in Minnesota
district court.
The Dec. 29 affidavit sought a …
“Serbs among most pessimistic nations”
January 4th, 2011 |
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Serbs are the fourth most pessimistic nation in the world – on a list topped by the French, a Gallup survey has shown. Europeans are less optimistic than Americans, while people in Nigeria, Vietnam and Afghanistan cherish most hope and optimism, the BBC reported, quoting an article from the Tuesday edition of the Times newspaper.
Technics Oil & Gas upgraded to Buy by CIMB
January 4th, 2011 |
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CIMB upgrades Technics Oil & Gas (5CQ.SG) to Buy from Hold, raises its target to $1.08 from $0.89 on 10x CY12 P/E (a 20% premium above downstream engineering firms’ 5-year average) and factoring in a 10%-13% increase in earnings estimates for FY11-FY12 on higher order-win projections.
“The premium is justified thanks to Technic’s strong exposure to Vietnam’s oil & gas sector and above peers’ profitability, earnings growth as well as dividend yield.”
Annaik – Corporate moves
January 4th, 2011 |
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Koh Beng Leong has been appointed ED wef Jan 1
Work experience: CFO, Phu Thai Group JSC (Vietnam); group financial controller, Poh Cheong group of companies
War Causes Inflation … And Inflation Allows The Government to Start Unnecessary Wars
January 2nd, 2011 |
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War almost always causes inflation.As liberal economist James Galbraith wrote in 2004:War causes inflation. Every major war in the past century brought inflation to some degree. And so did two upheavals in the Middle East, the Yom K…
Advanced clinches oil & gas projects worth $12.1m in the region
December 30th, 2010 |
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Advanced Holdings, the global supplier of proprietary process equipment and technologies, clean energy solutions and environmental technologies, today announced that it has clinched new oil & gas contracts worth $12.1 million. All these projects are expected to be completed and delivered in 2011. The projects include design and fabrication of shell and tube heat exchangers in Vietnam as well as fabrication of marine risers to be used by offshore oil rig companies.
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Vietnam’s HAGL group plans US$200m Singapore bonds
December 23rd, 2010 |
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Vietnam’s Hoang Anh Gia Lai group, or HAGL (HAG.HM), plans to raise US$200 million ($261 million) by issuing bonds to be listed on the Singapore Exchange, an executive said on Thursday.
Shareholders of the group based in Vietnam’s Central Highlands region have approved its plan to issue five-year bonds in 2011, HAGL’s chairman Doan Nguyen Duc told Reuters.
Genting Malaysia, partner exploring opportunities in Vietnam
December 21st, 2010 |
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Genting Malaysia Bhd., a casino and hotel group, said it has been collaborating with a partner to explore for opportunities in Vietnam, according to a company statement today. The company was responding to media reports that the Genting group and Vina Capital has received government approval for a casino resort project in Hoi An city.
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Temasek unit buys 15% of Mekong Development Bank: Update
December 20th, 2010 |
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Fullerton Financial Holdings Pte, a unit of Singapore’s Temasek Holdings Pte, bought a 15% stake in Vietnam’s Mekong Development Bank.
The purchase helped lift registered capital at the lender, based in the southern province of An Giang, to 3 trillion dong ($203.6 million) from 1 trillion dong, the Vietnamese bank said in an e-mailed statement today. The two companies also agreed on a plan that would allow Fullerton to increase the stake to 20 percent next year, it said, without giving a specific timeframe.
Temasek unit Fullerton buys 15% stake in Vietnam Bank
December 20th, 2010 |
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Fullerton Financial Holdings, a unit of Singapore sovereign fund Temasek Holdings, has bought a 15% stake in Mekong Development Bank, and plans to raise its holding to 20% next year, the Vietnamese bank said in an e-mailed statement today.
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EMS Energy gets $15.7m order for pipelay system
December 13th, 2010 |
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EMS Energy says subsidiary Engineering & Marine Services (EMS) has secured a US$12 million ($15.7 million) contract from Koastal Industries to design, manufacture and commission a pipelay system as part of the conversion of crane vessel Truong Sa to a dynamically-positioned pipelay vessel by Vietnam oil company Joint Venture Vietsovpetro.
Wilmar +0.8%; modest impact from FFM buy – Nomura
December 3rd, 2010 |
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Wilmar’s (F34.SG) 20% stake investment in PPB Group’s (4065.KU) unit FFM in bid to expand flour milling business doing little to boost investor interest. Stock +0.8% at $6.06 but volume paltry as underlying concerns over plantation group’s China business still persist given Beijing’s bid to rein in food inflation.
Wilmar will pay MYR378.1 million ($156.8 million) for stake in FFM, which operates 4 flour mills in Malaysia, 1 each in Vietnam, Thailand, Indonesia.
SIA Engineering opens 6th overseas line maintenance JV in Ho Chi Minh City
November 26th, 2010 |
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Mainboard-listed SIA Engineering Company (SIAEC) today announced the official opening of its sixth overseas line maintenance joint venture at Ho Chi Minh City’s Tan Son Nhat International Airport, the largest and busiest airport in Vietnam.
Phillip starts Keppel Land at Hold, $5.04 target
November 19th, 2010 |
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Phillip Securities initiates Keppel Land (K17.SG) at Hold with $5.04 target; says Keppel Land poised to benefit from positive office rental outlook with extensive holdings of prime office space in Singapore, has established strong foothold in fast growing China, Vietnam.
DBS Bank opens new branch in Ho Chi Minh city
November 18th, 2010 |
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DBS Bank says it today opened its branch in Vietnam to meet a growing demand for integrated banking solutions and greater market connectivity by Vietnamese firms.
The new branch in Ho Chi Minh city has 20 full-time staff. DBS received regulatory approval to set up a branch in Ho Chi Minh City in January. The bank also has a representative office in Hanoi, which was established in 2008.
DBS Group Holdings’ Chief Executive Officer Piyush Gupta says: “Vietnam is increasingly seen as a land of opportunities amid economic reforms and growth. Indeed, many companies, including DBS, view Vietnam as an emerging market with excellent prospects. Just recently, Singapore and Vietnam companies signed some US$300 million ($390 million) worth of agreements to develop real estate projects here. With the rise of the middle class in Vietnam and Asia powering global economic growth, the future looks bright. The opening of this new branch in Vietnam demonstrates DBS’ commitment to helping businesses expand within Vietnam and also across the region. DBS’ pedigree as a well-governed Singapore-headquartered bank reinforces our status as the safest bank in Asia and our network of more than 250 branches in the region places DBS in a unique position to help our customers leverage business growth and investment opportunities in Asia.”
In 2009, Singapore was Vietnam’s fifth-largest foreign investor. As of September 2010, Singapore’s private sector has invested in a total of more than 800 projects worth nearly US$18 billion in a wide range of sectors in Vietnam.
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