Westwood ends scheduling row
Friday, 02 Nov 2007 17:19
Lee Westwood is hoping for success in Singapore this week Printer friendly version
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Lee Westwood has said he wants to put an end to the controversy surrounding his comments about the 'poor scheduling' of the European Tour.
The English golfer was forced to miss the final event of the season at the Volvo Masters as the dates clashed with a rival Asian Tour tournament, the Singapore Masters.
Westwood was invited to the Singapore event last year before the European Tour released their schedule and was critical when he discovered the dates of the two competitions clashed, meaning he could not be present for both.
"I think that everybody wants it over and done with so this mistake doesn't happen again next year," he said.
"Both sponsors have suffered - Volvo and Barclays [sponsors in Singapore].
"Barclays also lost out on a couple of players that would have ordinarily been playing here in Sergio [Garcia] and Padraig [Harrington]."
Westwood stood by his criticism of the European Tour but called for a line to be drawn under the entire episode.
"The mismanagement on behalf of the tour is disappointing," he added.
"I'd like to have played in both tournaments and hopefully it will be corrected in years to come so I can play in the last couple of events of the European season."
The Englishman's complaints have been echoed by a number of players, including European Tour Order of Merit leader Ernie Els.
The South African stands to lose out at the top of the standings because he was also committed to playing in Singapore.
Els has since missed the cut at the Asian event and must now watch a number of players who are hoping to top him in the money list, including the current top two in Spain Harrington and Justin Rose, battle it out for the winner's cheque in Valderrama.
Friday, November 2, 2007
Singapore and Chinese enterprises can draw on their different strengths and complement each other to explore external markets such as the Middle East.
S'pore, China firms can jointly explore external markets
By Wong Yee Fong, Channel NewsAsia's China correspondent | Posted: 02 November 2007 2148 hrs
NANJING, CHINA: Singapore and Chinese enterprises can draw on their different strengths and complement each other to explore external markets such as the Middle East.
Singapore's Minister of State for Trade and Industry, Mr Lee Yi Shyan, said this after attending a business forum in China's Jiangsu province.
Singapore and Jiangsu have enjoyed close ties since they developed the Suzhou Industrial Park together in 1994.
The long-time partners are now in a position to jointly explore opportunities abroad, said Mr Lee.
He said: "For instance, our architects or engineering firms can partner with some of the construction firms in China to undertake some of the largest projects in the Middle East.....civil engineering, construction, airport, seaport or waste treatment or power plant."
More and more Chinese companies are seeking management know-how and expertise to help them position themselves in global markets.
Mr Lee said Singapore plays a unique role with its location, being seven hours away from China and the Middle East.
If such a partnership is realised, perhaps some of the Chinese labels would be found in the Middle East some day.
The Singapore Minister of State also proposed possible joint business missions to India, Russia and Southeast Asia.
Mr Lee was speaking after attending the Jiangsu Enterprises Internationalisation Forum held in the provincial capital Nanjing.
More than 100 businessman and government officials from Jiangsu and Singapore attended the event organised by IE Singapore.
Ma Guiliang, assistant to general manager of Jiangnan Environmental Protection Company, said: "I'm interested in the way countries like Singapore control atmospheric pollution. "
Choe Peng Sum, chief executive officer of Frasers Hospitality, said: "We are looking at several areas in Wuxi, Suzhou. Nanjing itself has a lot of opportunities, apart from the one we have."
Frasers Hospitality (a Singapore property management company) and Yanlord Land (a Singapore property developer) have jointly launched their first serviced residence in Hexi, a new central business district.
It is the first of ten such residences by Frasers in China. - CNA/ir
By Wong Yee Fong, Channel NewsAsia's China correspondent | Posted: 02 November 2007 2148 hrs
NANJING, CHINA: Singapore and Chinese enterprises can draw on their different strengths and complement each other to explore external markets such as the Middle East.
Singapore's Minister of State for Trade and Industry, Mr Lee Yi Shyan, said this after attending a business forum in China's Jiangsu province.
Singapore and Jiangsu have enjoyed close ties since they developed the Suzhou Industrial Park together in 1994.
The long-time partners are now in a position to jointly explore opportunities abroad, said Mr Lee.
He said: "For instance, our architects or engineering firms can partner with some of the construction firms in China to undertake some of the largest projects in the Middle East.....civil engineering, construction, airport, seaport or waste treatment or power plant."
More and more Chinese companies are seeking management know-how and expertise to help them position themselves in global markets.
Mr Lee said Singapore plays a unique role with its location, being seven hours away from China and the Middle East.
If such a partnership is realised, perhaps some of the Chinese labels would be found in the Middle East some day.
The Singapore Minister of State also proposed possible joint business missions to India, Russia and Southeast Asia.
Mr Lee was speaking after attending the Jiangsu Enterprises Internationalisation Forum held in the provincial capital Nanjing.
More than 100 businessman and government officials from Jiangsu and Singapore attended the event organised by IE Singapore.
Ma Guiliang, assistant to general manager of Jiangnan Environmental Protection Company, said: "I'm interested in the way countries like Singapore control atmospheric pollution. "
Choe Peng Sum, chief executive officer of Frasers Hospitality, said: "We are looking at several areas in Wuxi, Suzhou. Nanjing itself has a lot of opportunities, apart from the one we have."
Frasers Hospitality (a Singapore property management company) and Yanlord Land (a Singapore property developer) have jointly launched their first serviced residence in Hexi, a new central business district.
It is the first of ten such residences by Frasers in China. - CNA/ir
Indonesian Investor Disappointed With Local Banks in Malaysia
Indonesian Investor Disappointed With Local Banks
By Mohd Haikal Isa
JOHOR BAHARU, Nov 2 (Bernama) -- An Indonesian investor who has invested significantly to buy four units of properties in two strategic locations in Johor Baharu, says he is changing his plans to invest millions of ringgit here, claiming he faced too many problems with the local banks here.
The investor's representative, Zufri Kaharuddin Mohd Nazir, 41, said the Indonesian investor, currently based in Singapore faced difficulties getting loans from banks here to proceed with his investment plans, although he had paid in cash RM460,000 to a local property company.
The money was the deposit for the said properties, valued at RM4.7 million.
"Since having signed the sale and purchase agreement late last year, the investor has approached almost all the local banks and it has been a dead-end for him. The banks have put up various reasons for refusing him the loan, such as being a foreign citizen, not having any achievement record and without monthly income," Zufri told Bernama here recently.
Zufri said the large amount of cash paid as deposit for the properties was already sufficient proof of the investor's financial standing to pay back any future bank loan.
The investor, who had requested for anonymity due to business reasons, is said to currently own a portfolio of real estate investments covering property assets in Germany, London, Indonesia and Singapore.
Zufri, who is a local businessman, claimed that among the properties owned by the investor included seven condominiums in Singapore worth more than SG$1 million each.
"The investor is among an elite group of Indonesians who took the decision to transfer their wealth to Singapore from Indonesia amid the unsteady economic and political climate in Indonesia during the late 90s and early 2000.
"Due to his standing as a property investor and his strong financial background, Singapore authorities accorded him permanent resident status," he further said.
As for his investment in Johor, Zufri said if the property sale and purchase agreement had been completed, the investor had intended to build a hotel close to the Hospital Sultan Ismail (HSI) to cater to relations of local patients admitted in the hospital as well as visiting Indonesians seeking treatment at the hospital.
He also planned to build a showroom for a popular car brand at one of the tourist spots here,
"But with the experience he has had with local banks, he has given up. He now wants to withdraw his investment plans here and focus on other countries," he said.
He also alleged that the investor in the beginning had been given the assurance that it would be easy and he would have no problem getting a loan from the local bank when he initiated the move to buy the property.
But the loan issue has yet to be resolved and the investor is in fear of losing his deposit as well, he said.
-- BERNAMA
By Mohd Haikal Isa
JOHOR BAHARU, Nov 2 (Bernama) -- An Indonesian investor who has invested significantly to buy four units of properties in two strategic locations in Johor Baharu, says he is changing his plans to invest millions of ringgit here, claiming he faced too many problems with the local banks here.
The investor's representative, Zufri Kaharuddin Mohd Nazir, 41, said the Indonesian investor, currently based in Singapore faced difficulties getting loans from banks here to proceed with his investment plans, although he had paid in cash RM460,000 to a local property company.
The money was the deposit for the said properties, valued at RM4.7 million.
"Since having signed the sale and purchase agreement late last year, the investor has approached almost all the local banks and it has been a dead-end for him. The banks have put up various reasons for refusing him the loan, such as being a foreign citizen, not having any achievement record and without monthly income," Zufri told Bernama here recently.
Zufri said the large amount of cash paid as deposit for the properties was already sufficient proof of the investor's financial standing to pay back any future bank loan.
The investor, who had requested for anonymity due to business reasons, is said to currently own a portfolio of real estate investments covering property assets in Germany, London, Indonesia and Singapore.
Zufri, who is a local businessman, claimed that among the properties owned by the investor included seven condominiums in Singapore worth more than SG$1 million each.
"The investor is among an elite group of Indonesians who took the decision to transfer their wealth to Singapore from Indonesia amid the unsteady economic and political climate in Indonesia during the late 90s and early 2000.
"Due to his standing as a property investor and his strong financial background, Singapore authorities accorded him permanent resident status," he further said.
As for his investment in Johor, Zufri said if the property sale and purchase agreement had been completed, the investor had intended to build a hotel close to the Hospital Sultan Ismail (HSI) to cater to relations of local patients admitted in the hospital as well as visiting Indonesians seeking treatment at the hospital.
He also planned to build a showroom for a popular car brand at one of the tourist spots here,
"But with the experience he has had with local banks, he has given up. He now wants to withdraw his investment plans here and focus on other countries," he said.
He also alleged that the investor in the beginning had been given the assurance that it would be easy and he would have no problem getting a loan from the local bank when he initiated the move to buy the property.
But the loan issue has yet to be resolved and the investor is in fear of losing his deposit as well, he said.
-- BERNAMA
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