Mainboard-listed Sarin Technologies Limited, a global player in the
development, manufacturing and sale of precision technology
products for diamonds and gems, Monday announced that it has
opened its service centre in Moscow to serve the rough diamond
trade and diamond manufacturers in Russia.
The new Moscow service centre is the group’s fourth worldwide,
following those serving the Indian, Israeli and Belgian industry
centres.
Uzi Levami, Chief Executive Officer of Sarin, said: “We expect the
opening of the service centre in Russia to be followed shortly by
additional new service centres (that will) open in southern Africa to
address demand there.”
SURVEY
Tuesday, March 29, 2011
Wednesday, March 23, 2011
Heavenly King Andy Lau coming back to Singapore!
OSIM uDivine & Andy Lau
Press Conference
Date: 26 March 2011
Time: 2.30pm – 4.00pm
Venue: VivoCity Central Court B
Press Conference
Date: 26 March 2011
Time: 2.30pm – 4.00pm
Venue: VivoCity Central Court B
Tuesday, March 22, 2011
Australia’s Treasurer Dismisses Reports on Possible Veto of ASX-SGX Merger
Australia’s Treasurer Wayne Swan on Monday dismissed reports that
the proposed A$8.4-billion (about S$10.6 billion) merger between the
Australian Securities Exchange (ASX) and Singapore Exchange (SGX)
is likely to be rejected.
In October last year, ASX and SGX announced plans to create one of
the world’s largest listed exchange groups with a broad international
shareholder base.
However, the proposal has faced political obstacles in Australia
due to concerns over issues such as the extent of foreign ownership.
The Australian Financial Review cited government sources on
Monday predicting the deal would not pass through parliament
after the proposal was submitted to Australia’s Foreign Investment
Review Board (FIRB) on March 11.
However, Swan dismissed such reports, telling ABC Radio he
had “no idea” where they came from.
He was quoted as saying that his decision would be based on
the FIRB’s recommendation, a thorough consideration of all
issues concerned, and national interest.
A key issue is whether to lift the 15-per cent cap on foreign
ownership for ASX.
In a bid to overcome the political obstacles, the exchanges
adjusted their merger proposal last month, promising an equal
number of directors from each country on the proposed ASXSGX
board.
Additionally, both sides pledged that all physical assets required
for the operation of ASX’s businesses would continue to be
developed and located in Australia. They also agreed to develop
new products.
the proposed A$8.4-billion (about S$10.6 billion) merger between the
Australian Securities Exchange (ASX) and Singapore Exchange (SGX)
is likely to be rejected.
In October last year, ASX and SGX announced plans to create one of
the world’s largest listed exchange groups with a broad international
shareholder base.
However, the proposal has faced political obstacles in Australia
due to concerns over issues such as the extent of foreign ownership.
The Australian Financial Review cited government sources on
Monday predicting the deal would not pass through parliament
after the proposal was submitted to Australia’s Foreign Investment
Review Board (FIRB) on March 11.
However, Swan dismissed such reports, telling ABC Radio he
had “no idea” where they came from.
He was quoted as saying that his decision would be based on
the FIRB’s recommendation, a thorough consideration of all
issues concerned, and national interest.
A key issue is whether to lift the 15-per cent cap on foreign
ownership for ASX.
In a bid to overcome the political obstacles, the exchanges
adjusted their merger proposal last month, promising an equal
number of directors from each country on the proposed ASXSGX
board.
Additionally, both sides pledged that all physical assets required
for the operation of ASX’s businesses would continue to be
developed and located in Australia. They also agreed to develop
new products.
Friday, March 18, 2011
Japan’s Earthquake May Raise Insurance Premiums for Singaporeans
Japan’s recent earthquake might result in higher insurance premiums
for Singaporeans.
According to the General Insurance Association of Singapore (GIA),
the disaster is expected to seriously impact many global insurers,
leading to an increase in the cost of insurance protection for consumers.
In particular, motor insurance premiums in Singapore are expected to
continue increasing this year as insurers seek to recoup underwriting
losses, GIA said.
The motor insurance segment’s underwriting losses widened to
S$48.9 million last year from S$44.5 million in 2009. This was partly
attributed to the impact of major local flooding incidents.
GIA said that the major floods last year resulted in 428 motor insurance
claims totalling S$11.6 million.
The number of reported accidents involving motor vehicles in Singapore
also remained high at about 162,500 last year.
for Singaporeans.
According to the General Insurance Association of Singapore (GIA),
the disaster is expected to seriously impact many global insurers,
leading to an increase in the cost of insurance protection for consumers.
In particular, motor insurance premiums in Singapore are expected to
continue increasing this year as insurers seek to recoup underwriting
losses, GIA said.
The motor insurance segment’s underwriting losses widened to
S$48.9 million last year from S$44.5 million in 2009. This was partly
attributed to the impact of major local flooding incidents.
GIA said that the major floods last year resulted in 428 motor insurance
claims totalling S$11.6 million.
The number of reported accidents involving motor vehicles in Singapore
also remained high at about 162,500 last year.
Saturday, March 12, 2011
SGX Lodges Application with Australia’s FIRB for Proposed ASX Merger
The Singapore Exchange (SGX) on Friday lodged a formal application
with Australia’s Foreign Investment Review Board (FIRB) for its
proposed merger with the Australian Securities Exchange (ASX).
This move came after both exchanges announced on February
15 amendments to the proposed merger implementation agreement
that also included new governance arrangements.
Under the revamped merger proposal, both sides pledged to
have an equal number of directors from each country on the
board of the merged entity in a bid to overcome political obstacles
in Australia.
While the FIRB has 30 days to decide on the merger, the deadline
may be extended if necessary.
Should the FIRB give its nod, the merger proposal will then go to
the Australian Treasurer, Wayne Swan, for final approval.
Swan will have to decide whether to lift the 15-per cent cap on
foreign ownership for ASX.
SGX said it will make announcements and update shareholders
as approval processes are cleared.
with Australia’s Foreign Investment Review Board (FIRB) for its
proposed merger with the Australian Securities Exchange (ASX).
This move came after both exchanges announced on February
15 amendments to the proposed merger implementation agreement
that also included new governance arrangements.
Under the revamped merger proposal, both sides pledged to
have an equal number of directors from each country on the
board of the merged entity in a bid to overcome political obstacles
in Australia.
While the FIRB has 30 days to decide on the merger, the deadline
may be extended if necessary.
Should the FIRB give its nod, the merger proposal will then go to
the Australian Treasurer, Wayne Swan, for final approval.
Swan will have to decide whether to lift the 15-per cent cap on
foreign ownership for ASX.
SGX said it will make announcements and update shareholders
as approval processes are cleared.
Tuesday, March 08, 2011
CLEAVAGE = CAREER LINE
Today is international women's day !
In chinese "SAN BA" means a bitch !
Recently , cleavage is being linked to a woman's career line !
The deeper the cleavage a woman has , the better the career for her !
So for a man to have a great career , what must he have ?
Can we also have a international men's day ?
In chinese "SAN BA" means a bitch !
Recently , cleavage is being linked to a woman's career line !
The deeper the cleavage a woman has , the better the career for her !
So for a man to have a great career , what must he have ?
Can we also have a international men's day ?
Wednesday, March 02, 2011
SGX Securities and Derivatives Trading Improves in February
Singapore Exchange (SGX) on Wednesday said its securities and
derivatives trading grew strongly in February from a year earlier, as
funds continue to pour in Singapore and the region.
The securities market was healthy with total market turnover of
S$31.5 billion, up 32 per cent year on year. This translates into daily
average value of S$1.7 billion for February.
Trading of exchange traded funds (ETFs) also recorded strong
growth as it tripled to S$628 million in February from a year earlier.
Five Asian sectoral ETFs were added last month, offering customers
the region's most comprehensive suite of sectoral ETFs. This brings
to 80 the total number of ETFs on SGX.
Meanwhile, overall derivatives trading volume rose 39 per cent year-
on-year to 5.2 million contracts in February. The average daily volume
was 300,493 contracts.
Nifty index futures volume grew 55 per cent year-on-year to 1.1
million contracts while FTSE A50 futures activity continued to
increase with volume of 221,729 contracts in February.
The OTC (over-the-counter) financial derivatives clearing business,
which began in November, showed good traction with a notional
US$24.2 billion of interest rate swaps cleared from the launch to
end-February. For last month alone, a notional US$10.2 billion of
swaps were cleared.
New data in the February monthly statistics report include data on
securities on loan under the CDP (The Central Depository) Securities
Borrowing and Lending programme and trading statistics for LMESGX
metal futures.
derivatives trading grew strongly in February from a year earlier, as
funds continue to pour in Singapore and the region.
The securities market was healthy with total market turnover of
S$31.5 billion, up 32 per cent year on year. This translates into daily
average value of S$1.7 billion for February.
Trading of exchange traded funds (ETFs) also recorded strong
growth as it tripled to S$628 million in February from a year earlier.
Five Asian sectoral ETFs were added last month, offering customers
the region's most comprehensive suite of sectoral ETFs. This brings
to 80 the total number of ETFs on SGX.
Meanwhile, overall derivatives trading volume rose 39 per cent year-
on-year to 5.2 million contracts in February. The average daily volume
was 300,493 contracts.
Nifty index futures volume grew 55 per cent year-on-year to 1.1
million contracts while FTSE A50 futures activity continued to
increase with volume of 221,729 contracts in February.
The OTC (over-the-counter) financial derivatives clearing business,
which began in November, showed good traction with a notional
US$24.2 billion of interest rate swaps cleared from the launch to
end-February. For last month alone, a notional US$10.2 billion of
swaps were cleared.
New data in the February monthly statistics report include data on
securities on loan under the CDP (The Central Depository) Securities
Borrowing and Lending programme and trading statistics for LMESGX
metal futures.
Tuesday, March 01, 2011
SGX Completes Disposal of New Industrial Road Property
Singapore Exchange Limited (SGX) announced that the sale of its
building at 18 New Industrial Road was completed on Monday at an
aggregate value of S$23.6 million.
SGX said the book value of the asset on disposal is S$21.7 million
and the latest available open market value of the asset as at 15
October 2010 is S$22 million.
After accounting for related costs, SGX said that it will make a gain
from the sale of approximately S$1.7 million.
building at 18 New Industrial Road was completed on Monday at an
aggregate value of S$23.6 million.
SGX said the book value of the asset on disposal is S$21.7 million
and the latest available open market value of the asset as at 15
October 2010 is S$22 million.
After accounting for related costs, SGX said that it will make a gain
from the sale of approximately S$1.7 million.
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