S&P Asian Market Outlook

STANDARD & Poor's (S&P) expects Asian markets to rebound next year on the back of a healthier banking system and lower corporate and financial-system gearing.

There is limited de-leveraging to be undertaken in Asia and, thus, the absence of prolonged financial-system restructuring and regional stock market could see range-trading over the short term and re-test the October lows, adding that '2009 is likely to be a market of two halves.

The first-quarter 2009 is likely to reveal ugly corporate performances and this may dampen sentiment in first-half 2009.

With economic growth anticipated to rebound in second-half 2009, Equities are likely to have a strong fourth- quarter 2009 as the recovery becomes apparent and investors begin to re-rate stocks upward.

Based on a comparison with the 1987-1988 market downturn, S&P expects the Hang Seng (HSI) index to hit bottom in 13-20 months' time. The HSI is targeted to hit 15,000 points at the end of this year, wrote Ms Tan, and could hit 21,000 points at end-2009.

S&P also favours China and Hong Kong as their economies are showing more resilience compared with the other Asian markets, wrote Ms Tan, who viewed both markets as 'overweight'. Most of the other regional markets are viewed by S&P as 'neutral'.

She put an end-2008 target for Singapore's Straits Times Index at 2,000 points and the end-2009 target at 2,300 points.

Citigroup Bailout Rescue

US Government unveils a bold plan on Sun to rescue Citigroup, injecting a USD$20B liquidity into the bank and providing guarantee on up to USD$306 billion of risky loans and securities backed by commercial and residential mortgages.

The announcement jointly by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp, is aimed at to boost confidence in the
finanical bank latest hit by plumming share prices in the last week.

The USD$20 billion cash injection will come from the $700 billion financial bailout package in which the government also received an ownership stake.

As a condition of the rescue, Citigroup is barred from paying quarterly dividends to shareholders of more than 1 cent a share for three years unless the company obtains consent from the three federal agencies.

Las Vegas Sands Future ?

Due to the economy downturn, Las Vegas Sands had been hit by finanical difficulties to raise capital and had to suspend Macau project and focus on Singapore Marina Bay project

Resorts World To Open In 2010

Resorts World confirmed on Monday that its project was on track for a phased opening beginning early in 2010. Resorts World development will open as an integrated resort, and not just as a stand-alone casino with include a Universal Studios theme park.

The theme park, casino, four hotels and a proposal dining and shopping area are to open as scheduled in early 2010 with other features of the project will open later.

So expect Sentosa IR to be open as schedule with Universal Studio theme ride to be one of the most exciting features in the year 2010.

Sentosa Integrated Resort Career

Resorts World at Sentosa which is set for an grand opening in 2010 want to hire 2,300 people for it theme park operation - Universal Studios - by 2nd Quarter of 2009, reported by Channel News Asia.

Company spokeman Robin Goh said the firm had started to fill 300 management and supervisory positions and more than one hundreds of them will be sent to Universal Studios in Orlando, USA for 4 months of training. About 200 managers will spend 2 weeks there.

Mr Robin Goh said Sentosa Integrated Resorts will be offering 10,000 jobs with Singapore getting priority in the hiring process. About 3,000 jobs are for the Universal Studios operation here.

To find out more, please visit the below site for more detail

Careers at Resorts World at Sentosa

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