Saxon watchmaker A Lange & Söhne celebrates its 165th anniversary this year with a trio of fine watches. Franck Giacobini, managing director for Asia-Pacific, talks about the brand’s values and expansion plans.
Navigate
Most Popular
- Genting Hong Kong +18.3%; Eyes on Manila gaming
- Sept 3: Sembcorp, Super Group, Eratat Lifestyle, NeraTel, SGX, wilmar
- Singapore dollar retreats from record on intervention concern
- STI slips 0.2% to 2,981.88 at trading break
- Golden Agri to set up $2.2b Liberian palm venture
- Indofood Agri sees 2011 palm oil output up 5-10%
- DBS cut to Hold by Citi; Lowers target to $14.40
- Sin Heng enters into dealership deal with hydraulic crane manufacturer Kato for Malaysia, Brunei
- Cosco flat, pares gains; Valuations rich: Nomura
- OCBC cut to Sell by OCBC, lowers target to $8.40
- Singapore manufacturing PMI falls, signals global uncertainty
The Daily Edge
STI gains 0.5% to 3,002.56 at closing
Singapore’s Straits Times Index gained 0.5% to 3,002.56 at the close, the highest since Aug. 5. The measure climbed 2.2% this week, the biggest advance since the five days ended July 9. Three stocks rose for each that fell on the 30-member gauge. Shares on the measure trade at an average 14.6 times estimated earnings, compared with about 17.4 times at the beginning of the year, according...
Great Eastern chief executive officer Ng Keng Hooi resigns
Great Eastern Holdings said Ng Keng Hooi resigned as chief executive officer to take on a regional appointment at another company. His last day of service will be Sept. 30.
Singapore Airlines names Goh as chief executive, replacing Chew
Singapore Airlines, the world’s second-largest carrier by market value, named Goh Choon Phong as chief executive officer, replacing Chew Choon Seng, who retires when his contract expires at the end of the year. Goh, 47, will take charge on Jan. 1, according to a statement the airline sent to the Singapore stock exchange today. Goh, currently executive vice president for marketing and regions...
Singapore Air says Goh Choon Phong to take over as CEO
Singapore Airlines, the world’s second-largest airline by market value, named Goh Choon Phong as chief executive officer. Goh, 47, will take charge on Jan. 1, according to a statement the airline sent to the Singapore stock exchange today. Chew Choon Seng, the current CEO, will retire, it said.
Ascott Residence upgraded to Outperform by Daiwa
Daiwa has upgraded Ascott Residence Trust (A68U.SG) to Outperform from Hold on view price attractive after pullback stemming from recent announcement it will acquire 28 serviced-residence properties from parent CapitaLand (C31.SG), says Dow Jones. “We believe the pricing and market uncertainty ahead of a proposed equity-fundraising exercise may provide an attractive entry point for value...
Blog Heads
Lim Yin Foong: Can Britain’s football clubs be saved from financial ruin?
FOOTBALL FANS THE world over are once again glued to their TV sets as another season of the English Premier League (EPL) gets under way. In the UK, however, attention is focused not only on the games being played on the pitches, but in the boardrooms of the football clubs as well. Just...
Sunita Sue Leng: Les Enphants trumps low birth rates with China push
WHEN IT COMES to babies, Singapore and Taiwan don’t have a whole lot of them. Babies become even scarcer during Tiger years, a Chinese zodiac sign associated with wild and wilful personalities. The old beliefs are eroding, but this hasn’t been enough to keep birth rates from contracting...
Daryl Guppy: Shanghai’s volatility continues
NORMALLY, ACTIVITY IN the US market does not influence the Shanghai index but the current situation is an exception. The close below 10,200 on the Dow Jones Industrial Average is a strong confirmation of the much-feared double dip in the US. Technically, the significant support and resistance level is...
Bob Doll: Growth to slow; double-dip recession unlikely
EQUITY MARKETS WERE mixed for the week ended Aug 20. The Dow Jones Industrial Average lost 0.9% to fall to 10,214, the Standard & Poor’s 500 Index lost 0.7% to fall to 1,072 and the Nasdaq Composite Index rose 0.3% to reach 2,180.
Weekend Comment Aug 27: Who might be the next MCL Land
HONG KONG LAND’S exit offer for MCL Land at $2.45 appears to be a done deal. Just before the announcement, the counter was trading at $1.95 or at a 20% discount to book value. The vote minority shareholders are asked to cast is for the voluntary delisting, which is likely to go through as HK...
