Tuesday, June 29, 2010


MR TAN, a 52-year-old taxi driver, has accused MediaCorp artiste Quan Yifeng of wrecking his taxi and even kicking him in the groin.

But Quan Yifeng has come back with allegations of her own that he slammed his car door on her, and swore at her.

On Saturday, Lianhe Wanbao reported that a member of the public witnessed the taxi driver arguing with Quan Yifeng, who was accompanied by her daughter an unidentified man who looked to be in his 30s, around East Coast.

The taxi driver told Lianhe Wanbao that he picked up a male passenger on Saturday at 8.45am, who then asked him to go to Hua Xin Condominium to pick up more passengers, then head to Changi airport.

The two other passengers turned out to be Quan Yifeng and her 11-year-old daughter, who were heading to Mauritius where Yifeng was filming.

When he refused to help her with her luggage, the 36-year-old artiste lost her temper and continued to make things difficult for him as they drove towards the airport, including swearing at him in hokkien, shoving and hitting him.

After alighting, he said that she kicked his groin and a car door, then locked herself in the taxi for 15 minutes to thrash it.

The police has classified the case as theft because she left in another cab with his car keys, according to Lianhe Wanbao.

In a call from Mauritius, the MediaCorp artiste told Wanbao that she did not take his keys, nor thrash his taxi. She also said she was the one who called the police after their altercation, but had to leave to catch her flight.

She said she shoved him and kicked his car door because he blocked her as she was trying to get her luggage.

Quan Yifeng is now seeking legal advice, Wanbao reported.

Tuesday, June 15, 2010



Saturday, June 12, 2010

CapitaMalls Asia gets approval to list assets on Bursa Malaysia

SINGAPORE : CapitaMalls Asia (CMA) says it has received approval from the Securities Commission of Malaysia to list its assets across the Causeway.

It says CapitaMalls Malaysia Trust (CMMT) will hold its Malaysia shopping malls and be listed on the main market of Bursa Malaysia.

Some 1.35 billion CMMT units will be listed.

A total of some 786.5 million units will be offered for sale, with CMA retaining a 41.74 per cent in CMMT.

If an over-allotment option of up to 15 per cent of the proposed offering totaling some 117.9 million units is exercised, CMA will retain a stake of 33 per cent in CMMT.

CMA did not reveal the pricing of the shares.

But the Employees Provident Fund Board of Malaysia and Great Eastern Life Assurance Malaysia have signed up as cornerstone investors for the proposed offering.

They will buy 90 million shares, which is 11.4 per cent of the units being offered to investors in Malaysia and overseas.

The cornerstone investors have agreed to pay 1.1 ringgit per unit or the institutional price, whichever is lower.

CMMT will invest in a portfolio of income-producing real estate primarily used for retail purposes and located primarily in Malaysia for the long-term.

Its initial portfolio comprises three shopping malls - Gurney Plaza in Penang, an interest in Sungei Wang Plaza in Kuala Lumpur, and The Mines in Selangor.

The portfolio has a total net allowable area of some 1.88 million square feet.

CMA believes that if listed, CMMT will be Malaysia's largest listed "pure-play" shopping mall REIT by market capitalisation and property value.

CMMT will not be available to retail investors in Singapore.

CMA adds that its decision on whether to proceed with the proposed listing depends on factors, including prevailing market conditions.

Wednesday, June 09, 2010



Laptops and netbooks rank high on wish lists for The PC Show 2010

71% of respondents predict PC Show 2010 will see an excellent response

Singapore, 1 June 2010 – Singaporeans say that the top three consumer electronic gadgets that have changed their lives the most in the past 20 years are the laptop, mobile phones and smart phones, according to a survey conducted by The PC Show 2010. In celebration of its 20 th year in Singapore, Lines Exposition and management Services, the organisers of the PC Show commissioned a dipstick survey to see how Singaporeans’ love for consumer electronics has evolved over the years. Congruent with these findings, these gadgets were amongst the favourite purchase lists for this year too, with 22% consumers revealing that they hoped to bag a laptop or netbook, and 23% saying they hope to get a new mobile or smart phone at this year’s PC Show. With the event celebrating its 20 th year anniversary, an overwhelming majority (71%) of respondents are predicting the show will be an excellent one this year.

Ms Gillian Loh, project manager of show organiser, Lines Exposition and Management Services, said, “For the past twenty years, The PC Show has been growing with Singapore as a nation, responding to consumers’ demands for the latest electronic gadgets. Our lives are so integrated with technology that we’ve have even got digital photo frames and electronic books now. Our gadgets have changed our lifestyles so much that most people probably cannot imagine living 20 years ago without their laptop or mobile phone. The PC Show is a great place for consumers to grab hold of the latest gadgets at value for money prices and I hope people will come down and take advantage of the promotions.”

The Most Coveted IT Purchase of the Year

21% of consumers polled plan to purchase a laptop for their next gadget fix, with an equal number wishing to snag a mobile or smart phone.

The 34% consumers who shared that the smart phone was gadget that impacted their lives the most in the last 20 years will be happy to see the Garmin-Asus M10 at the show. The first smart phone to come with Windows® Mobile 6.5.3, it is a full-touch all-in-one smart phone featuring preloaded mobile navigation. Others exhibitors worth checking out include Samsung, and Acer amongst others.

Gadgets that have Grown with Consumers Habits

Besides the latest finds, the PC Show is also home to gadgets that have grown with consumer habits throughout their lives. The super slim and lightweight Greenbook ebook reader would be an attractive product for 6% of consumers who love to read on the go. People who enjoy games can look forward to old favourites from the Razer Gaming Mice collection as well as new products like the SMC CyWee, a revolutionary 3D motion-sensor controller that acts as both a gaming device and 3D mouse. Photo enthusiasts will also find great bargains for digital photo frames.

The PC Show 2010

Occupying halls on Levels 1, 3, 4 and 6 at Suntec Singapore, the PC Show will house four individual sections – The PC Show ’10, Digital Imaging ’10, Game ’10 and Consumer Electronics ’10 – over the span of four days from 10 to 13 June. The exhibition will be open daily from 12 noon to 9 pm. Admission is free.

There are more than 600 exhibitors this year where leading exhibitors include Acer, Apple, ASUS, Casio, Canon, Compaq, Dell, HP, Fujitsu, Lenovo, LG, Samsung, Sony and Toshiba among others.

Saturday, June 05, 2010

Asian Investment Conference and Exhibition 2010

The Asian Investment Conference and Exhibition 2010 (AICE) is organised by Securities Investors Association Singapore (SIAS) and will be held at Hall 601, Suntec International Convention & Exhibition Centre this weekend from 5th to 6th June 2010.

Registration is free and the exhibitors include:

• Public Listed Companies
– SIAS Investors’ Choice Awards Winners
– Good investment prospect listed companies shortlist by SIAS Research Pte Ltd and approved by SGX
– Yield Instruments (Reits and Business Trust)

• Financial Service Providers
– Banks
– Brokerage Houses
– Financial Planners
– Insurance Companies

• Exchange-Traded Funds (ETFs)

• Structured Warrants

• Property Developers

• Asset and Fund Management Companies

• Alternative Investments

• Publications and Education

Friday, June 04, 2010

Italy's Generali shows interest in AIA

ROME (AFP) - – Italian insurer Generali could be interested in "pieces" of AIG's Asian unit AIA after British insurer Prudential abandoned its ambitious takeover plan, daily Corriere della Sera reported on Thursday. "It is entirely premature to be talking about it," a spokesperson for the company told AFP. The newspaper, citing what it described as circles close to Generali, reported that Generali would be interested in purchasing AIA assets on the condition that American International Group cut the price and decide not to list the company. Last year, Generali had already tried to buy AIA's assets in the Philippines. Generali already has several subsidiaries in China. At the Milan stock exchange, Generali was gaining 2.1 percent as the market grew by 2.64 percent at around 0930 GMT. On Wednesday, Prudential ended its bid to become the world's top insurance firm outside China, after the troubled US group refused to cut the price tag from 35.5 billion dollars (29 billion euros) to nearer 30 billion dollars. The mammoth transaction would have been the biggest-ever takeover in the insurance sector. AIG, which was saved from bankruptcy by the US government in September 2008, announced last month it was selling AIA to Prudential and another unit, ALICO, to US rival MetLife to pay back a huge chunk of its government bailout.

Thursday, June 03, 2010

Sign Up For Last Tranche of GST Credits

The Government will be giving out the last tranche of GST credits on 1st July 2010 for all eligible Singaporeans who have already signed up or who sign up by 18 June 2010. Singaporeans can receive between $100 to $250 in GST Credits for 2010 if their Annual Assessable Income for Year of Assessment 2009 is not more than $100,000.

Singaporeans who have yet to sign up for their GST Credits have until 31st Dec 2010 to do so. Those who do not sign up by 31st December 2010 will not be eligible for the last tranche of the GST Credits.

Singaporeans who have already signed up need not do so again. Those who have not can do so through the internet, at If you have not sure whether you have signed up, you can also visit the website to check your sign up status.

Wednesday, June 02, 2010

Prudential fails in bid to buy Asian insurer AIA

LONDON (AFP) - – British insurer Prudential's attempt to buy the Asian unit of US group AIG has ended in failure, the BBC reported on Tuesday.

The deal collapsed after Prudential failed to negotiate a lower price for AIA, the BBC said.

Prudential had asked AIG (American International Group) to cut its asking price of 35.5 billion dollars (29 billion euros) to nearer 30 billion dollars, following a revolt by the British company's shareholders.

But AIG said that "after careful consideration, the company will adhere to the original terms of its previously announced agreement."

"The company will not consider revisions to those terms," it added.

If the collapse of the deal is confirmed, it would pile fresh pressure on Prudential's chief executive Tidjane Thiam, who wants to transform the 162-year-old British company into an international insurance powerhouse.

The takeover would have been the biggest ever in the insurance sector, transforming Prudential into the world's top non-Chinese insurer by market capitalisation, ahead of major competitors Allianz and AXA.