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SINGAPORE state investor Temasek Holdings said on Monday it it planned to make an offering of dollar-denominated bonds due in 2019 under its US$5 billion (S$6.97 billion) medium term note programme. The benchmark-sized issue has inflatable bouncers been rated AAA by Standard & Poor's and Aaa by Moody's Investors Service, said a Reuters report, adding that Deutsche Bank , Goldman Sachs and Morgan Stanley are the joint bookrunners. 'The bonds will be issued in the near future, subject to market conditions,' Temasek said in a media release on Monday. Temasek reported a 66 per cent drop in profit to S$6.2 billion for the 12 months to March 31 after selling stakes in Bank of America Corp and Barclays Plc. It has one bond issue outstanding, according to data wholesale pearl jewelry compiled by Bloomberg. The US$1.75 billion of 4.5 per cent notes, sold to investors in September 2005, mature in September 2015 and were yielding 3.604 per cent today, according to Royal Bank of Scotland Group Plc prices on Bloomberg. The new securities will be issued under Temasek's US$5 billion guaranteed global medium-term note programme, the wholesale pearl jewelry statement said. Temasek Financial Ltd will sell the bonds and Temasek Holdings will guarantee them. | ||
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BANGKOK - RICE-EXPORTER Thailand threatened to delay an Asean free trade agreement unless it can get a 'fair deal' on tariffs from the Philippines, the world's biggest buyer of the food staple, Thai officials said on Monday. The 10 members of the Association of Southeast Asian Nations - of which Thailand and the Philippines are members - are due to ratify wholesale pearl jewelry an Asean Trade in Goods Agreement (ATIGA) at their summit in Thailand this week. 'Thailand will make its final proposal at the Asean summit meeting this weekend that it would not ratify the ATIGA pact if it cannot get fair deals from the Philippines on the rice issue,' a senior Commerce Ministry official told Reuters. Thai Commerce Minister Porntiva Nakasai was quoted as saying in a local newspaper that Thailand could not accept the Philippines' offer to compensate for its delay in cutting tariffs on rice imports by giving Thailand an annual tariff-free rice import quota, saying the amount was too small. According to the Asean free trade pact, Philippine swing machines rice import tariffs should be cut to 20 per cent from 40 per cent by Jan 1, 2010. Manila, however, is insisting that rice is classified under a 'highly sensitive list' that allows import tariffs to stay at 35 per cent and is proposing to give Thailand a quota of 50,000 tonnes of tariff-free rice annually to freshwater pearl jewlelry compensate for not meeting the tariff target, while Thailand has demanded 360,000 tonnes, another senior Commerce Ministry official said | ||
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MANILA - PHILIPPIINE authorities applied the lessons from recent deadly storms on Monday by stocking up on food and clothes early while moving residents out of harm's way as a powerful typhoon threatened the country's rain-soaked northeast. Typhoon Lupit, packing winds of button pearl108 miles (175 kilometres) per hour and gusts of up to 130 mph (210 kph), was not expected to make landfall before Thursday, giving officials time to organise food supplies and issue landslide and flood warnings. The government was moving fast to prevent any loss of life after back-to-back storms on Sept 26 and Oct 3 killed more than 850 people. 'These days we no longer have a problem convincing residents to evacuate,' said Loreto Espineli, police chief in Benguet province where 300 people died. Hundreds of families living in danger zones - low-lying areas, near cliffs and mountain slopes - were still in evacuation centers jewelry wholesale or staying with relatives since Typhoon Parma damaged their homes early this month. They will ride out the latest typhoon in shelters, Mr Espineli said. 'In most houses, one male is left behind just to look after their belongings, and when the typhoon is already near, we will go house-to-house to evacuate everyone,' he said. Village heads were using megaphones to warn about the impending typhoon, and sirens will be sounded once it makes landfall, Mr Espineli freshwater pearl told The Associated Press, adding: 'We will force them to leave if they don't want to,' he said | ||
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YANGON - MYANMAR'S prime minister, General Thein Sein, will attend the annual Association of Southeast Asian Nations summit in Thailand this week, an official announced on Monday. The official confirmed a state media wheat pearl report that General Thein Sein would visit the key summit in the Gulf of Thailand, where regional heads of state are set to gather on Friday. 'General Thein Sein will attend the Asean summit,' said the official on condition of anonymity. His trip to Thailand comes as the junta appears to be opening up diplomatic channels abroad, with Thein Sein last month becoming the highest-ranking Myanmar official to attend the United Nations General Assembly in 14 years. The prime minister made a speech before the assembly on September 28, slamming Western economic sanctions against his country as politically motivated as the US mulls greater engagement with the reclusive cultured pearl jewelry government. Thein Sein's last appearance at an Asean summit was in 2007, when he caused a diplomatic furore by forcing host Singapore to revoke an invitation to UN envoy Ibrahim Gambari who had been due to brief regional leaders after a bloody crackdown on street protests in Myanmar that caused international revulsion. Myanmar has caused constant problems for Asean since it joined the bloc in 1997 over its human rights record and this year's summit cultured pearl is due to officially launch a new body to help prevent rights abuses in the region | ||
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MANILA - THE death toll from two devastating storms that struck the Philippines over the past month has risen to 858, with ensuing disease outbreaks killing 89 others, the government said on Monday as the latest National Disaster Coordinating Council toll is up from 818 on Sunday. It said Tropical Storm Ketsana game machines left 420 dead and 37 missing when it flooded 80 percent of Manila on September 26, a disaster the government said affected 4.35 million people. Some areas are still flooded three weeks later and 189,000 people remain in evacuation centres, it added. Typhoon Parma hit the northern Philippines on October 3 and lingered as a tropical storm for a week, triggering landslides that freshwater pearl jewelry killed 438 people and leaving 51 missing mostly in mountain communities. The government agency said Parma affected 4.16 million people, including more than 32,000 who remain at evacuation centres. The health department said leptospirosis, a bacterial disease that can lead to kidney failure and is caused by exposure to animal cultured pearl urine in flood waters, later killed at least 89 people. | ||
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