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Aug 21, 2014

AirAsia seen gaining from expected MAS restructuring as Q2 results improve

KUALA LUMPUR/SINGAPORE, Aug 21 (Reuters) – AirAsia Bhd’s
second-quarter results point to early signs of a
recovery in the Malaysian market with a planned restructuring by
Malaysian Airline System Bhd (MAS) expected to lead to
lower capacity in the sector.

Malaysian carriers have been caught in a price war over the
past few years as both MAS and AirAsia have added seat capacity
to retain market share. Last year’s entry of Malindo, an
affiliate of Indonesia’s Lion Group, put further pressure on
yields. Analysts now expect struggling MAS to cut domestic
capacity, thus easing pressure on the industry.

Aug 19, 2014

AirAsia denies report it weighing a bid for Japan’s Skymark

SINGAPORE (Reuters) – Malaysia’s AirAsia Bhd (AIRA.KL: Quote, Profile, Research, Stock Buzz) dismissed a media report that it is weighing a bid for Japan’s embattled Skymark Airlines Inc (9204.T: Quote, Profile, Research, Stock Buzz), saying it is focused on a budget airline it is setting up with Japanese partners.

The Nikkei business daily said AirAsia, the region’s most aggressive budget airline, is in talks with financial institutions on a possible tender offer for the low-cost carrier – sending shares in Skymark surging 28 percent.

Aug 6, 2014

Indonesia’s Lion Group breaks into aircraft leasing industry

SINGAPORE, Aug 6 (Reuters) – Indonesia’s Lion Group, which
boasts an order backlog of about 500 Boeing and Airbus
aircraft, has clinched the first deal for its leasing
subsidiary in a key diversification move for one of the world’s
fastest-growing airlines.

Two years after setting up shop in Singapore, Transportation
Partners (TP) has signed a deal to lease three new Boeing
737-800 planes to 9 Air, the low-cost airline of China’s Juneyao
Airlines, TP’s chief operating officer told Reuters.

Aug 1, 2014

Start-up behind ‘dunkable’ phone technology explores Asian IPO

SINGAPORE, Aug 1 (Reuters) – P2i, a technology spin-off from
Britain’s Ministry of Defence, is looking to raise as much as 10
million pounds ($17 million) from Singapore investors as it
readies the launch of its “Dunkable” or waterproof technology
for smartphones and tablets.

The fundraising by the nanotechnology company follows an
expanding list of overseas firms tapping Singapore’s pool of
high net worth individuals.

Jul 23, 2014

Singapore tells airlines to review conflict zone risk assessment

SINGAPORE/KUALA LUMPUR, July 23 (Reuters) – Singapore’s
civil aviation authority has asked airlines based in the
city-state to review their risk assessment of conflict zones
following the shooting down of a Malaysia Airlines
jetliner over Ukraine last week.

The deaths of nearly 300 passengers and crew in the downing
of Flight MH17 have shocked the aviation industry and prompted
calls for a re-think on assessing the threat to planes flying
thousands of metres above fighting on the ground.

Jul 18, 2014

State support for Malaysian Airlines grows more urgent after black swan event

SINGAPORE (Reuters) – The second fatal incident involving Malaysia Airlines (MAS) in four months will deepen the slump in ticket sales and force the government to speed up any plan to rescue the stricken flagship carrier, bankers say.

An MAS jet en route to Kuala Lumpur from Amsterdam was shot down over rebel-held territory near Ukraine’s border with Russia on Thursday, killing all 298 people on board. Shares of the loss-making airline plunged as much as 18 percent on Friday.

Jul 8, 2014

Singapore investor Temasek upbeat on China, seeks more bank, tech investments

SINGAPORE (Reuters) – Singapore sovereign investor Temasek Holdings wants to increase its holdings in China’s financial services and technology sectors, banking on the long-term growth prospects of the world’s second largest economy.

Temasek Holdings Pte Ltd [TEM.UL], which has two-thirds of its assets in Singapore, China and Australia, poured S$24 billion ($19.27 billion) into new investments in the financial year ending March, a 20 percent increase from the previous year and the largest amount since the 2008 global financial crisis.

Jun 25, 2014

Lack of IPOs, buyout boom exacerbate Singapore bourse’s liquidity woes

SINGAPORE (Reuters) – The uphill battle faced by Singapore’s stock exchange to improve its trading volumes appears to be getting only tougher.

This year has seen a sharp drop-off in IPOs and some big deals take a chunk of popular shares off market – both developments adding to the pain caused by a penny stock scandal last year and prompting the bourse to arm itself with new incentives to win back companies and investors.

Jun 24, 2014

Singapore proposes new liquidity rules for banks to manage risks

SINGAPORE, June 24 (Reuters) – Singapore is to bring in new
rules to ensure all banks operating in the city-state have
enough liquid assets to withstand a sudden shock to the
financial system, falling in line with the global regulatory
trend for tougher liquidity rules.

DBS, Oversea-Chinese Banking Group and
United Overseas Bank, and foreign banks with a major
local presence will have to meet a requirement proposed by the
Basel Committee on Banking known as the liquidity coverage ratio
(LCR) by 2015, Lim Hng Kiang, Singapore’s trade and industry
minister, said in a speech on Tuesday.

Jun 23, 2014

Thai tycoon Charoen to raise close to $300 mln in Singapore hospitality trust IPO

SINGAPORE, June 23 (Reuters) – A trust housing Thai
billionaire Charoen Sirivadhanabhakdi’s hotels and hospitality
assets plans to raise nearly $300 million in a Singapore listing
cementing the bourse’s status as a home for investments bearing
steady yields rather than the hot growth stocks popular in Hong

The listing of Frasers Hospitality Trust (FHT) marks the
first step in merging the property assets of Charoen’s business
empire, including Frasers Centrepoint Ltd and his TCC
Group. Charoen acquired the operations when he took over
conglomerate Fraser and Neave in an $11 billion deal
last year, and will use proceeds from the sale for working
capital and property acquisitions.

    • About Anshuman

      "Anshuman Daga has been with Reuters since 13 years, most of that tracking companies and equity markets. After joining in Mumbai, Anshuman did a stint in India's technology hub of Bangalore and then spent a few years covering European stock markets in London. He moved to Singapore in 2008, with a focus on news coverage of Southeast Asia and technology stories from Asia."
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