Wednesday, October 29, 2008

Marina Bay Sands Update

Las Vegas Sands - the parent company of Marina Bay Sands, had its share prices suffered a 90% decline from it peak... There had been concern whether is's Integrated Resort in Singapore aka Marina Bay Sands will be affected and able to open on schedule in end 2009. Although the company is quite leveraged on debts but most suggest the Marina Bay Sands project is getting strong support from the Government and from local and regional banks which are not so affected by the current crisis.

Its AVP of communications, Mr Robin Goh, said they had not yet felt the effects of the financial crisis and would be hiring 10,000 staff members next year, six to nine months before opening, so they could begin training staff.

So we hope to see Singapore first ever Integrated Resort in action by end 2009...hopefully

Monday, October 20, 2008

Marina Bay Sands Career

Marina Bay Sands which is due to open at the end of 2009 start its first wave of hiring of staff this week.

It is expected to train and hire 10,000 workers to create one of Singapore largest employment for the upcoming IR. Marina Bay Sands is partnering Singapore Workforce Development Agency (WDA), National Trade Union Congress (NTUC) and Employability Institute (e2i) to prepare for the job training.

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

Careers at Marina Bay Sands

Wednesday, October 8, 2008

Warren Buffett's Purchase on Goldman Sach

CNBC exclusive interview on Warren Buffett's purchase of Goldman Sach

Warren Buffett's Purchase on GE

CNBC exclusive interview on the Buffett's purchase into General Electric (GE)

Monday, October 6, 2008

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Warren Buffet Shop for Value Assets

Warren Buffett, the world most famous investor, had been busy "shopping" for value company during the last week. On 01 Oct 08, he announced he would invest US$3 billions in General Electric, a world giant in the industrial sector and one of the biggest non-finanical company. The preferred shares carried a 10% dividend and also Berkshire also expects to receive warrants to buy $3 billion worth of GE common shares for $22.25 each, exercisable at any time for a five-year term.

On 24 Sept 08, he announced he had bought US$5 billion of perpetual preferred stock with a 10% coupon in Goldman Sachs. These shares are senior to both Goldman's other preferred stock and its common stock and that means no other shareholders will receive any dividends until Buffett has been paid his 10%, in full, each year.

The deal also include a warrant (a long-term call option) that entitles Berkshire Hathaway to buy an additional $5 billion in regular common stock, at $115 per share. If Goldman Sachs turn thing around, Warren Buffett will be able to exit with a massive profits in year to come.

"Be Greedy when other are fearful and be fearful when other are greedy" Buffett told PBS...

As up-to-date, Warren Buffett's Berkshire Hathaway had spent US$28 billions this year to acquire companies, finance buyout and purchase securities in the market.