Wednesday 5 June 2013

Las Vegas Sands Board of Directors Approves Multi-Year Share Repurchase Program

NEW YORK, NY–(Marketwired – Jun 5, 2013) – Las Vegas Sands Corp. (NYSE: LVS) announced today that the company’s Board of Directors has approved a multi-year share repurchase program.


“I am extremely proud to announce that the company’s outstanding financial performance, together with our expanding cash flows and strong balance sheet, has enabled us to initiate a multi-year share repurchase program,” said Mr. Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands. “We believe the implementation of our share repurchase program, together with our previously established recurring dividend program, will allow us to maximize returns to shareholders in the years ahead.”


Mr. Adelson noted that the initial authorization for the share repurchase program is $2 billion and the company expects to utilize the program in an opportunistic fashion.


In 2012, the company’s Board of Directors established a recurring dividend of $1.00 per share per year, and increased the recurring dividend by 40 percent to $1.40 per share in 2013. In addition, the company paid a special dividend of $2.75 per share in December 2012.


“It is gratifying that the company’s businesses and cash flows have grown to a level that enabled the company to return nearly $3.1 billion of capital to shareholders in 2012, while retaining ample liquidity to pursue future growth opportunities,” concluded Mr. Adelson.


About Las Vegas Sands


Las Vegas Sands (NYSE: LVS) is a Fortune 500 company and the leading global developer of destination properties (Integrated Resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.


The Venetian® and The Palazzo®, Five-Diamond luxury resorts on the Las Vegas Strip, and Sands® Bethlehem in Eastern Pennsylvania are the company’s properties in the United States. Marina Bay Sands® is the company’s iconic Integrated Resort in Singapore’s downtown Marina Bay district.


Through its majority-owned subsidiary Sands China Ltd. (HKSE: 1928), the company owns a portfolio of properties on Macao’s Cotai Strip®, including The Venetian® Macao, Four Seasons Hotel Macao, and Sands Cotai Central. The company also owns the Sands® Macao on the Macao Peninsula.


Las Vegas Sands is committed to global sustainability through its Sands ECO360 program and is an active community partner through its various charitable organizations.


For more information, please visit www.lasvegassands.com.


Investment Community:
Daniel Briggs
(702) 414-1221


Media:
Ron Reese
(702) 414-3607




Las Vegas Sands Board of Directors Approves Multi-Year Share Repurchase Program

Singapore to boost pool of cyber-security experts over next 5 years

SINGAPORE: Singapore is ramping up its supply of cyber-security experts through a training programme that will be conducted in Israel.


RSA, the security division of American IT solutions company EMC, announced on Wednesday that it will be working with the Economic Development Board (EDB) on a multi-year agreement to train some 2,500 Singaporeans in cyber-security over the next five years.


The move is to address the global shortage of qualified cyber security professionals needed to defend critical IT infrastructures in civilian and government organisations.


According to Interpol statistics, 14 people fall prey to cyber crime every second.


In his opening speech for the RSA Asia Pacific conference, Senior Minister of State for Home Affairs and Foreign Affairs Masagos Zulkifli said: “Already, cyber-criminals are targeting the smaller companies as larger corporations up their ante against cyber-crime. They gain access to the large corporations when these smaller companies merge or get acquired. It is thus critical to invest in, or provide capacity-building and training programmes for our counterparts to improve our overall resilience against cyber-threats on a global scale.”


Qualified graduates from Singapore universities and existing cyber-security professionals can apply for the multi-year residency and repatriation programme designed to equip them with the relevant skills needed for cyber-security and anti-fraud careers.


The programme will be complemented by a new training course administered by the EDB, in cooperation with RSA, to bring certified candidates to RSA’s world-class cyber security and RSA Anti-Fraud Command Center (AFCC) located outside Tel Aviv, Israel.


The training initiative is part of EDB’s Strategic Attachment and Training (STRAT) Programme, which aims to build up Singapore’s manpower capabilities in strategic areas and sectors through overseas training and attachment with leading companies.


Director of Safety and Security Industry Programme Office (SSIPO) at EDB Gian Yi-Hsen said: “The SSIPO is focused on developing and strengthening the local and global talent pool to meet the global demand for cyber security professionals.


“The collaboration with RSA would lead to the creation of good jobs for Singaporeans and creates a readily available talent pool for companies to tap when they set up operations in Singapore.”


Candidates can take part in either a one-year or two-year training rotational programme to gain advanced skills required to fight cyber crime and advanced cyber threats in areas such as phishing, pharming and Trojan attack detection, analysis and shutdown; e-commerce and online banking fraud; security management and monitoring; breach preparedness and incident response; and governance, risk and compliance.


Chairman of RSA Arthur Coviello said: “They will actually see fraudsters in action. We monitor their chatrooms and performances. They will learn lots of information about how Trojans morph and change, attack methodologies, different threat actors…. they will also learn a lot about security operations and how to defend against these very attackers so the best way to develop skills to defend is to know how they come at you offensively.”


The candidates will be selected graduates from Singapore universities and existing cyber-security professionals.


At the end of the course, they will return to Singapore to take on a spectrum of roles in the IT industry, which could be related to anti-fraud analysis and software development.


Mr Coviello said: “One of the issues that we face today with young engineers and software programmers coming out of school is they know lots about programming but precious little about security and attacks, and having that kind of knowledge and then combining it with the ability to develop software is a heck of a skill to have.”


Mr Corviello said the collaboration with EDB is a win-win partnership as it also allows the RSA to expand its presence in the Asia Pacific region.


He said: “We think it is an attractive opportunity to work with talented upcoming professionals from Singapore and train them for a couple of years in our anti-fraud techniques for the purpose of hiring them and building our anti-fraud command centre here in Singapore.


“It is a mutually beneficially relationship because we have more and more Singaporeans who will learn these techniques. And even if we don’t hire them, they will come back and be available to be hired in other businesses. But I can assure you, we will take maximum advantage of them as they go through their rotations.


RSA will open the application process for the cyber security residency programme in the third quarter of this year.



Singapore to boost pool of cyber-security experts over next 5 years

In pictures: Onboard meals go flying as plane hits turbulence



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A Singapore to London flight suddenly dropped 20 meters after breakfast was served, leading to chaotic scenes onboard.


3562f 130605123203 sg airlines turbulence 1 horizontal gallery Delhi gang rape case: Singapore hospital doctors to depose before fast track ...Cabin crew were told to return to their seats mid-way through the meal service.


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Passengers snapped pictures of the in-flight chaos, and reported meal trays and even some people hitting the ceiling as the turbulence struck.


df972 130605123932 sg airlines turbulence 4 horizontal gallery Delhi gang rape case: Singapore hospital doctors to depose before fast track ...Coffee is served — on the ceiling.


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Minor injuries to passengers and crew were reported by the airline.


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Singapore Airlines staff were commended for the way they handled the incident, and for how quickly they got everything back in order.


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You’d hardly know anything had occurred after the clean-up operation.


715c2 130605124636 sg airlines turbulence 8 horizontal gallery Delhi gang rape case: Singapore hospital doctors to depose before fast track ...Passengers were given luxury chocolates on landing — the perfect panacea to in-flight meal mayhem.


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(CNN) — Images taken on a recent Singapore Airlines flight might suggest passengers had become unusually ferocious in their disdain for the onboard meal.


But this was no “Bugsy Malone”-esque food-flinging fiesta.


The plane hit turbulence shortly after breakfast was served, and the result was culinary carnage.


“Singapore Airlines flight SQ308 experienced moderate to severe turbulence en route from Singapore to London on 26 May,” said airline spokesman Nicholas Ionides.


“Eleven passengers and one crew member sustained minor injuries when the aircraft experienced a sudden loss of altitude and were attended to by medical personnel on arrival at Heathrow Airport.”


Passengers reported coffee cups, cutlery and even a few people were thrown about the cabin as the plane lost altitude.


Alan Cross, one of the passengers who took the images you see here, told CNN: “Everything violently rocketed off all the tray tables into the ceiling. You literally felt your stomach going into your throat.”


The mess was cleaned up soon after and passengers were given chocolate gifts on landing in London.





In pictures: Onboard meals go flying as plane hits turbulence

Two steps back

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SINGAPOREANS live in one of the most wired countries in the world, and as such they are used to receiving gobbets of news on their smartphones and tablets as a daily if not hourly affair. So it was to the dismay of many that the Media Development Authority (MDA) put a draconian new licensing requirement into effect on June 1st. The authority’s purpose would seem to be to tighten its grip on what is already a claustrophobic media environment.


The new regulations demand that all websites concerned with the news be licensed, and also that each puts down a “performance-bond” of 50,000 Singapore dollars ($39,550). Any content deemed to be in breach of standards would have to be removed within 24 hours of being notified. This is all in addition to a host of prior regulations, including another licence scheme wherein both internet-service and content providers must follow an official code of practice and meet other conditions.



The new licensing framework is to affect everything that could be called a “Singapore news programme”, as defined by two criteria. The first is that the programme (or online newspaper, blog, etc) reports an average of one article or more about Singapore’s news and current affairs, per week, over a period of two months. The second that the content have “significant reach” by the standard set by the MDA, ie that it is read (or viewed, etc) by at least 50,000 unique IP addresses from within Singapore. That is a meagre threshold in a country with a population of just over 5m that enjoys a “wireless broadband population penetration rate” of 166%.


The traditional media are primarily represented by just two companies, one of them owned by Temasek, one of the state’s sovereign-wealth funds, and the other tending to have a pro-government stance. So the rise of alternative news websites, over the last six years or so, has been especially significant here. Singaporeans have taken to the internet with alacrity—especially for news about the country they call home.


Perhaps the first worrisome thing to note about the MDA’s new policy was the complete lack of public consultation beforehand. The authority announced the new rules just a couple of days before their implementation—along with a starter course of ten websites that will need to be licensed (nine are owned by those two largest of Singapore’s media companies, which are often associated with the state). Critics argue this may be a strategy to ease the implementation of the controversial change.


The second reason for anxiety is a bit subtler. While the ministry of communications and information has assured bloggers that they will not be affected by the new rules, the legislation doesn’t guarantee the same. The definition of “Singapore news programmes” is broad enough to include “any programme containing any news, intelligence, report of occurrence, or any matter of public interest, about any social, economic, political, cultural, artistic, sporting, scientific or any other aspect of Singapore,” though of course it “does not include any programme produced by or on behalf of the government.”


Yacoob Ibrahim, the communications minister, told reporters that the move provided “some form of parity between online news sites and traditional mainstream media newspapers and TV broadcasters.” On the face of it, that might make sense. Why shouldn’t online media be subject to the same regulations as those that pertain to other media platforms? Well, apart from the fact that those existing regulations have resulted in Singapore’s abysmal ranking in the world’s league tables for press freedom—it comes 149th out of 179 countries on Reporters Without Borders’ list; 153rd out of 197 countries in Freedom House’s. Licensing aside, content online is already subject to laws concerning libel and slander; incitement to public disorder; sedition; and more.


“What the authorities call “light-touch” regulation has been replaced with the mailed fist. The only certainty is the continuity of this approach online,” says Choo Zheng Xi, Co-founder of The Online Citizen, a popular self-styled “social news site” which receives visits from some 150,000 to 200,000 unique IP addresses monthly, most of them from within Singapore. The new regulations, many online users believe, is just a preview of things to come.


Mr Yaacob told The Business Times that at present the new regulations need apply only to Singapore-based news websites. But there are plans afoot to to bring foreign websites under the licensing framework next year.


“If [foreign media] are transmitting news to Singaporeans and Singapore is their target market, then we will have to do something about it,” said Mr Yaacob


Several of the potentially affected sites and bloggers plan to protest the new licensing scheme on June 8th at HongLimPark in central Singapore—assembling offline, as well as online. As part of the same protest they are encouraging other Singaporeans to freeze their blogs and websites for 24 hours on June 6th.


Singapore’s press has been always been tightly regulated, both before and since the state won its independence. A new generation of “netizens” is hoping to find that the keyboard is nimbler—if not quite mightier—than the pen.


Trending topics


Netizens of at least three neighbouring countries have faced official crackdowns in the past few years. In each case the state makes itself look almost desperately keen to protect itself. Earlier this year Thailand used its Computer Crime Act to set a precedent for intermediary liability with its conviction of Chiranuch Premchaiporn. Her crime was not responding quite quick enough to remove comments from her website, comments that were opposed to the monarchy.


In September 2012 Vietnam’s courts handed out long jail sentences to three prominent bloggers whom they accused of subverting the state. The bloggers had apparently “distorted the truth about State and Party, created anxiety among citizens and supported schemes to overthrow the government.” Another 13 journalists were jailed earlier this year, for content published online.


And bloggers in neighbouring Malaysia have not been spared either. Raja Petra Kamaruddin was jailed in May for alleging that Najib Razak, the deputy prime minister, and his wife were involved in the murder of a Mongolian model in 2006. Bloggers there can be charged under an Officials Secrets Act, an Internal Security Act and a Sedition Act, as well as for posting on “sensitive topics”—which tend to include corruption among officials.


(Picture credit: AFP)



Two steps back

Meritus Hotels & Resorts Offers Guests Free Wi-Fi Access Across All Properties

— /PRNewswire/ — Responding to the need of today’s traveller to stay connected at all times, award-winning Asian hospitality group Meritus Hotels Resorts announced the roll-out of free Wi-Fi service across the Group’s properties in Singapore, Malaysia, Indonesia, and China.


(Logo: http://www.prnasia.com/sa/2011/12/09/20111209194931399475-l.jpg )


Guests can expect to enjoy straightforward access to the complimentary amenity throughout their stay, not only from the guestrooms but from anywhere within the hotels’ premises.


The service allows every guest sufficient bandwidth to exchange data across virtual private networks and social media channels, as well as download and upload reasonably-sized files, including rich media formats. For heavy bandwidth users looking to stream high-definition videos or download movies, a premium bandwidth package is available at competitive rates.


Guests carrying multiple devices can enjoy complimentary Wi-Fi access for up to three devices.


“Free and efficient Wi-Fi connectivity has become an increasingly important benchmark for hotel end users,” said Maria Taylor, Meritus Hotels Resorts Regional Vice President, Revenue. “By offering this value-add and adopting it as a brand standard, we ensure that we are meeting the ever evolving needs of our guests and remaining at the forefront of a highly competitive industry.”


Meritus Hotels Resorts have been making headways in hospitality through product and service innovations aimed at enhancing the overall experience of guests. In 2012, its flagship Mandarin Orchard Singapore became the first hotel in Singapore to offer a “second screen” mobile device solution for an advanced in-room technology that connects guests to a host of conveniences and services at the touch of a button, from anywhere within the hotel.


The Group was also recently named Most Admired Enterprise in the Innovation category at the ASEAN Business Awards held in Phnom Penh, Cambodia, in conjunction with the ASEAN Leaders Summit.


For more information on Meritus Hotels Resorts, visit www.meritushotels.com.


About Meritus Hotels Resorts


Meritus Hotels Resorts is part of the hospitality division of Overseas Union Enterprise Limited (SGX-ST: “OUE”), a diversified real estate owner, developer, and operator with a complete portfolio of prime assets in key locations in Singapore and the United States, and hotels in Malaysia and the People’s Republic of China.


Meritus Hotels Resorts is long established as an icon of Asian hospitality in Singapore. The brand founded its roots from The Mandarin Singapore, now Mandarin Orchard Singapore – the first hotel of its scale and caliber to be built on Orchard Road in the late 1960s.


More than 40 years on, Meritus is an award-winning hospitality brand providing guests its signature Asian grace, warmth, and care through hotels and resorts strategically located in key cities and idyllic resort destinations in Singapore, Malaysia, Indonesia, and China. Its current portfolio includes the flagship Mandarin Orchard Singapore, Marina Mandarin Singapore, Meritus Pelangi Beach Resort Spa Langkawi, Meritus Mandarin Haikou, Meritus Shantou China, and Meritus Surabaya City Centre. The brand is also slated to launch a resort in Bali by end of 2013.


Combining comprehensive business and leisure facilities with warm intuitive service, Meritus strives to consistently deliver its trademark hospitality experience as it continues grow its geographical footprint, particularly in Southeast Asia and China. More recently, the Group was conferred the Heritage Brand Award at the Singapore Prestige Brand Awards 2012. It was also cited Global Winner – Luxury Hotel Chain at the World Luxury Hotel Awards 2012, and Most Admired Enterprise in the categories of Growth and Innovation at the 2012 ASEAN Business Awards.


Press Contact:


Janice Azupardo Regional Vice President, Branding Communications Meritus Hotels Resorts DID: +65-6831-6385 Email: janice.azupardo@meritushotels.com


SOURCE Meritus Hotels Resorts



Meritus Hotels & Resorts Offers Guests Free Wi-Fi Access Across All Properties

Singapore"s Classiest Afternoon Tea: Fullerton Bay Hotel

d7fcf Fullerton Bay Hotel Tea Landing Point Delhi gang rape case: Singapore hospital doctors to depose before fast track ...


The venue itself is Landing Point, the hotel’s swanky all-day dining spot. And in addition to its gorgeous surroundings (the paved marble floor and crystal sculptures dangling over the bar really completed the look), we were totally impressed by the service.


Our waiter not only helped us pick out our preferred tea from a menu of around 20 different blends (black, green, herbal, you name it), but when our tea arrived, he even unscrewed the honey jar, spooned out a little, and stirred it into the cup for us! The only time we even lifted a finger was to drink it.


If we had happened to be in the mood for a cocktail at 3 in the afternoon (not something we generally make a habit of), there would have been plenty of options for that, too, as the bar is filled with endless bottles lined up along the shelves. Thankfully, our appointment was business-related, so tea and a biscuit was plenty.


Afternoon Tea is clearly a thing in lots of hotels, but this may just be the classiest act we’ve encountered so far. To experience it yourself, show up between 3pm and 5:30pm, though Landing Point is open all day (7am-midnight Sun-Thurs; 7am-1am Fri-Sat).


[Photos: HotelChatter]



Singapore"s Classiest Afternoon Tea: Fullerton Bay Hotel

The Clover Hotel Moves Into Singapore"s Kampong Glam District


Gallery: Inside Singapore’s New Clover Hotel






























































The rooms continue the theme with a simple layout, plenty of reclaimed wood furnishings, and odd touches, like a vintage leather briefcase, or an old gas lantern. The design is deceptively simple, but when you look more closely, you notice that everything is in its exact place: the perfectly-placed hangers, the slippers tucked in under the nightstand.


Additionally, the showers are peekaboo, but there is a convenient shade you can pull down for added privacy.


We also loved the little epithets scrawled onto the walls of the hotel: in the lobby, one wall proclaimed, “I drink therefore I am,” while on the shower glass was written:



“To make a prairie it takes a clover and one bee, and revery.”

Evidently, the owners are big Emily Dickinson fans, since this line formed the inspiration for the hotel’s name.


Though the decor and feel of the hotel are rustic, rooms are fully air-conditioned, which is a good thing, since the minute you step outside you’re likely to start dripping sweat. And yes, there is free WiFi throughout the hotel.


Rates from $133/night, breakfast not included.


[Photos: HotelChatter]



The Clover Hotel Moves Into Singapore"s Kampong Glam District