Tuesday, September 28, 2010

G.NA [Draw G's First Breath] Autograph Session

G.NA [Draw G's First Breath] Autograph Session

Date: 29th Sept (Wed)
Timing: 7pm
Venue: Bugis Junction, Bugis square Level 1

(***Buy G.NA mini-album, [Draw G's First Breath] to get her autograph***)

Singapore will release G.NA first mini-album, [Draw G's First Breath] on 17 Sept. Purchase her mini album in Singapore(Please check that it is in CD size packaging not DVD size package); G.NA will try her best to sign as many as possible within the time limitation on that day. Remember to keep your receipt and presents on the autograph day.

Mini album is on sale at all CD outlets(CD RAMA, Gramophone, Music Junction and HMV) – ON SALE @ S$17.90

*NOTE: Save your receipts when you purchase her album, and wait... there will be a little SURPRISE for some lucky winners in due time! Keep checking back here!*


Friday, September 24, 2010

我相信 張靓穎 簽唱會


時間:7 PM

地點:Bugis Junction Bugis Square 1樓

Thursday, September 23, 2010

楊丞琳 Singapore Concert Autograph Session

Date: 23 September 2010, Thursday

Location: Square2, Novena [Alight @ Novena MRT Station and walk up]

Time: 7PM – 8.30PM

Objective: Exchange your concert ticket for a poster to be signed

Wednesday, September 22, 2010

Insurer AIA sets date for $15 bln Hong Kong IPO

AIA, the Asian unit of troubled US insurer AIG, will launch a 15 billion US dollar share sale on October 29 in what could be the world's second-biggest stock offering this year, reports said Tuesday.

The insurer was seeking approval from Hong Kong's bourse on Tuesday with plans to set a price range next week, the Wall Street Journal and Financial Times reported, both citing unnamed sources.

If approved on Tuesday, AIA will start investor presentations on October 6, the Journal reported.

AIA is also hoping to sign an agreement next week with so-called cornerstone investors -- generally institutional buyers -- who could pick up as much as one-fifth of the offering, the Financial Times said.

AIG, which owes billions of dollars in US government bailouts, was forced to look again at the option of publicly floating AIA in Hong Kong after the collapse in June of Prudential's 35.5-billion US dollar takeover bid.

Chinese insurance companies and some of China's largest banks are said to be looking at both taking stakes and financing others, according to the Financial Times.

In July, Hong Kong's South China Morning Post newspaper reported that at least four consortia made up of private Chinese investors had approached AIG about buying its Asian business.

Sovereign wealth funds had also expressed an interest in AIA, including Singapore's GIC and Temasek, as well as funds in Abu Dhabi, Kuwait and Qatar, the Financial Times said.

Agricultural Bank of China claimed the world's biggest IPO in August when confirming it had raised 22.1 billion US dollars, after its shares debuted in Hong Kong in July.

The monster sale beat the previous world record set by the Industrial and Commercial Bank of China, which raised 21.9 billion dollars in 2006.

Tuesday, September 21, 2010

CPF to Extend 4 Per cent Interest

For the second time, Singapore’s government will extend the 4 per

cent floor rate for interest earned on all Special, Medisave and

Retirement Account (SMRA) monies for another year until 31

December 2011, the Central Provident Fund (CPF) Board

announced Monday. Thereafter, interest rates on all CPF account

monies will be subject to a minimum rate of 2.5 per cent per


Explaining the move, Mr Gan Kim Yong, Minister for Manpower,

said: “Despite our strong economic recovery, interest rates have

remained low this year. The sharp drop in interest rates at the

expiry of the 4 per cent floor rate may impact CPF members who

may not have benefited fully from the economic recovery yet.

Therefore, the Government has decided to extend the 4 per cent

floor rate on SMRA monies for another year.”

Since 1 January 2008, savings in the SMRA have been invested in

Special Government Securities (SSGS), which earn an interest

rate pegged to the 12-month average yield of 10-year Singapore

Government Securities (10YSGS) plus 1 per cent. This is a

market-based rate for instruments of comparable risk and duration,

and will ensure that members receive fair and reasonable interest

rates, according to the CPF Board.

However, to help members cope with the transition, the government

had committed to providing a 4 per cent floor rate for SMRA

interest for two years up to December 2009. This was extended to

December 2010, in light of the global economic conditions and

exceptionally low interest rate environment a year ago.

Sunday, September 19, 2010

NTUC Income Kite Festival Singapore 2010

NTUC Income Kite Festival Singapore 2010

Date : 18 & 19 Sep 2010, 4-8pm

Details : Get high on kites right in the heart of the city and enjoy free kites*, workshops, goodie bags* and performances!

Venue : The Promontory @ Marina Bay

Saturday, September 18, 2010

Wednesday, September 15, 2010

Asia Set for More Insurance IPOs After AIA

Asian bourses are bracing for more insurance IPOs over the

next year, after AIA Group Ltd's expected record offer next

month, with regulatory changes and higher capital requirements

forcing companies to tap stock markets.

Asia will account for up to 40 per cent of the global life insurance

market's growth over the next five years, according to a

McKinsey study last year. China and India will represent about

70 per cent of that growth, the study says.

Even for mature markets such as Singapore, analysts expect

an 11 per cent annual growth rate in life insurance premiums,

while bigger markets such as India and China are likely to

grow at about 15 per cent annum.

"This is going to be the age of IPOs. There is more to come in

Korea, China and India as well," one banker said.

Korea's Kyobo Life Insurance Co and Mirae Asset Life, India's

ICICI-Prudential and Reliance Capital's insurance unit as well

as Dutch bancassurer ING's Asian life insurance business are

among the sector IPOs waiting in the wings, bankers say.

That apart, China's Taikang Life and China Reinsurance

Group plan to list on the Shanghai stock exchange, which

bankers say have an estimated value of about US$7 billion.

"People are keen to invest in the life insurance sector as they

get comfort from the fact that this is a regulated sector. Fundamentally,

it's play on the growth of middle class and spending

power," said another banker.

IPOs in India, the world's 10th biggest insurance market, will

be sparked by the proposed increase in foreign investment

limits to 49 per cent from 26 per cent.

Asian insurance IPOs have already raised about US$16 billion

this year and AIA Group's US$15 billion float is set to make

2010 a record year for insurance IPOs in Asia.

AIA -- the Asian life insurance arm of American International

Group Inc -- is expected to list in October, in what is likely to be

Hong Kong's stock exchange's biggest-ever IPO.

Source: Reuters

M&A Bubbling Too

Apart from IPOs, dealmakers are also betting on a busy period

for M&A in the Asian insurance industry, which accounts for

about 30 per cent of global life insurance premiums.

Total insurance premiums in Asia rose by about 17 per cent to

US$696 billion in 2008 from a year ago, according to research

firm Celent.

One potential trigger is the recently announced Basel III regulations,

which makes it more onerous for banks to hold minority

stakes in other institutions.

"Banks holding minority stakes would have to decide whether

such investments are core or not. And you will see some M&A

activity based on that decision," said another banker.

British lender HSBC Holdings plc's 43 per cent stake in Ping

An Insurance Co of China is one such case which many bankers

point out.

Singapore lender Oversea-Chinese Banking Corp's majority

stake in insurer Great Eastern Holdings is another one, bankers


Another change set to reshape the Asian insurance landscape

is the redeployment of capital by foreign insurers, which will

result in foreign companies like New York Life Insurance

exiting certain markets to consolidate their position in others.

Tuesday, September 14, 2010

CapitaLand, CapitaMalls Asia Acquire Bedok

CapitaLand Limited and CapitaMalls Asia Limited have jointly

announced the proposed details of building a mall for the

acquired Bedok Town Centre Site.

The site, with a total Gross Floor Area (GFA) of 938,165, has

a 99-year lease term with an estimated yield of 562,899

square feet of Residential GFA and 375,266 square feet of

Commercial GFA and a maximum allowance for building 13

storeys above ground.

Located at the heart of the Bedok transportation hub, the

proposed shopping mall would have an estimated TOP

(temporary occupation permit) on 1H2014 and provide a

seamless link to Bedok’s bus interchange and MRT station.

Thursday, September 09, 2010

Australian regulator blocks NAB $12 bln bid for AXA

The Australian competition regulator has again opposed National Australia Bank's $12 billion bid for AXA Asia Pacific , dealing a blow to NAB's 9-month efforts to cement its dominance in the world's fourth-largest wealth management market.

The decision clears the deck for No.2 fund manager AMP to come back into the deal after it was trumped by NAB's offer in December last year.

But NAB could still hang on to the deal if AXA Asia's parent France's AXA gives it more time to convince the regulator by offering to sell more assets.

The ruling is also a blow to the French insurer, which is keen to shed its Australian operations and buy back its Asian businesses from the winner to concentrate on the fast-growing region.

The Australian Competition and Consumer Commission, which last month agreed to consult the market on NAB's plan to sell AXA's key assets to gain approval, said market participants had felt NAB's plan would not effectively address concerns.

The regulator had blocked the deal in April in favour of AMP's offer citing concerns over falling competition in retail investment platforms-- a portal that binds the wealth manager, financial products and customers.

Thursday, September 02, 2010

COMEX 2010


DIGITAL LIFE on 1st September 2010 (Wednesday)
THE STRAITS TIMES on 2nd September 2010 (Thursday )
TODAY Newspapers on 2nd September 2010 ( Thursday )