Last Update: 2:51 pm ET

Singapore

Singapore firm ‘eyes stake’ in Aman luxury resorts

MUMBAI (AFP) – Singaporean luxury resorts chain Banyan Tree is in talks on buying a majority stake in fellow high-end hotel group Amanresorts, India’s Financial Express newspaper reported Monday.
The daily quoted a person familiar with the matter as saying that DLF, the Indian real estate firm that owns Aman, was in advanced [...]

Read More » No commentJuly 19, 2010

Flash floods stain Singapore’s reputation as urban paradise

SINGAPORE (AFP) – Singaporeans were salvaging cars, soaked belongings and damaged goods on Sunday after a third flash flood in two months submerged low-lying areas of the city-state.
Shops and houses along posh Orchard Road were again hit by floods on Saturday after heavy rain overwhelmed the drainage system of the wealthy [...]

Read More » No commentJuly 19, 2010

ASEAN Stock Feature United Overseas Bank Limited‏

United Overseas Bank Limited (UOB or the Bank) is principally engaged in the business of banking in all its aspects, including the operation of an Asian Currency Unit under the terms and conditions specified by the Monetary Authority of Singapore (MAS).
Shayne Heffernan of Ebeling Heffernan has put a price target on [...]

Read More » No commentJuly 4, 2010

Former Aussie PM’s bid to lead world cricket fails

SINGAPORE (AFP) – Former Australian prime minister John Howard’s bid to lead world cricket has been rejected, the International Cricket Council (ICC) said Wednesday, after a revolt by Asian and African nations.
A statement from the ICC board at a meeting in Singapore said the right-wing former leader’s nomination to serve as [...]

Read More » No commentJune 30, 2010

Singapore sentences Swiss to caning for graffiti

SINGAPORE – Singapore sentenced a Swiss man to three strokes of a cane and five months in prison Friday for spray-painting graffiti on a subway car, reinforcing the city-state’s reputation for severely punishing minor crimes.
Oliver Fricker, 32, pleaded guilty earlier in the day to one count each of vandalism and trespassing [...]

Read More » No commentJune 26, 2010

South China Sea Piracy on the rise: watchdog

KUALA LUMPUR (AFP) – A global maritime watchdog Wednesday warned of increasing pirate attacks in the south of the South China Sea following six incidents in as many days in waters off Indonesia.
Noel Choong, head of the International Maritime Bureau’s (IMB) piracy monitoring centre said the latest attack brought to 14 [...]

Read More » No commentJune 16, 2010

Singapore says it’s time China revalued yuan: report

WASHINGTON (Reuters) – China should allow its currency to rise in order to help tamp down inflation, Singapore’s finance minister said in a television interview.
Tharman Shanmugaratnam said on CNN’s “Fareed Zakaria GPS” that at the height of the financial panic in 2008, it made sense for China to halt the yuan’s [...]

Read More » No commentMay 18, 2010

Japan’s Kashima stand alone in AFC Champions League

SINGAPORE (AFP) – Japanese powerhouse Kashima Antlers earned the honour of being the only team to win all six of their AFC Champions League group games on Wednesday while Beijing Guoan booked a berth in the round of 16.
Kashima beat Korea’s Jeonbuk Motors 2-1 with their dominant run, securing [...]

Read More » No commentApril 29, 2010

Singapore’s GDP soars 32 percent in first quarter

SINGAPORE – Singapore says its economy soared in the first three months of 2010 as manufacturing more than doubled.
The Trade and Industry Ministry said Wednesday that gross domestic product grew an annualized, seasonally adjusted 32.1 percent in the first quarter, bouncing back from a 2.8 percent drop in the fourth [...]

Read More » No commentApril 14, 2010

Oil falls to near $83 after reaching 17-month high

SINGAPORE – Oil prices fell to near $83 a barrel Thursday in Asia after a weakening U.S. dollar helped crude surge to a 17-month high the previous day.
Benchmark crude for May delivery was down 41 cents to $83.35 a barrel at midday Singapore time in electronic trading on the New York Mercantile [...]

Read More » No commentApril 1, 2010