Philip Chua Business Blog

Posts Tagged ‘firm’

Between Christmas and New Year, the US currency remained firm for the most part. The dollar was boosted primarily by hopes of the economic recovery continuing and the upbeat mood in equity markets. Although the Fed is trying hard not to alarm bond markets prematurely, market participants are bracing themselves…

(SINGAPORE) Things are looking pretty solid in equities. Stock markets have posted a V-shape rebound, and some research houses even expect indices to hit fresh highs in the year ahead.
But analysts also see some major headwinds next year that could derail any recovery in stock markets.
In a report, David Rosenberg, chief market strategist at investment firm Gluskin Sheff, points out that although … more

The audit firm forced Bally Total Fitness to stop improper accounting practices, but didn’t make it admit to poor accounting in the past.

MORE than two-thirds of local respondents to a recent survey said they expect a pay rise and an annual bonus soon.

Recruitment firm Ambition said yesterday that of the 489 Singapore-based hiring managers and human resources professionals polled in October, 68 per cent expect their companies to pay higher salaries in 2010, as well as annual bonuses for 2009.

This is a ‘healthy turnaround’ from … more

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

The F.B.I. arrested two computer programmers who worked for Bernard L. Madoff’s investment firm, prosecutors said on Friday.

S’pore workers can expect 3% pay rise next year: survey
By FELDA CHAY

SUFFERED a pay cut or freeze this year and wondering when your wages will increase? A survey by human resource firm ECA International shows that employees here can expect a 3 per cent salary increase as early as next year, and only 11 per cent of companies surveyed are proposing a pay freeze for 2010.

The ECA Salary Trends… more

(SINGAPORE) The Asian real estate investment market continued to gain momentum in the recent third quarter, as capital values generally stabilised and sentiment improved.
Direct real estate investment in Asia jumped 25 per cent quarter-on-quarter to an estimated US$9.1 billion, according to a report by CB Richard Ellis (CBRE).
The property firm also said in a separate note that the Asian office ma… more

TEMASEK Holdings is capitalising on buoyant financial markets to sell bonds that will raise hundreds of millions of dollars for its activities.
The 10-year bond issue – marking only the second time the company has tapped the bond markets for financing – comes after a difficult year in global equity markets for the investment firm.
Temasek unit Temasek Financial, which will issue the notes, said ye… more

Reuters – Private equity firm Blackstone Group is planning to list up to eight of its portfolio companies, according to a source who received a letter the firm sent to investors on Friday.