Most Asian Stocks Rise Before Bernanke Speech, U.S. Data

Most Asian stocks advanced as investors await a report on U.S. economic growth and Federal Reserve Chairman Ben S. Bernanke’s speech on monetary policy this week.
Renesas Electronics Corp. (6723) surged 31 percent in Tokyo after the Nikkei newspaper reported that Kohlberg Kravis Roberts & Co. will spend 100 billion yen ($1.3 billion) buying new shares of the chipmaker. LG Electronics (066570) Inc. jumped 4.8 percent in Seoul on optimism sales of its latest smartphone model will rise. Daikin Industries Ltd. sank 5.2 percent after a report the Japanese air-conditioner maker will buy Houston-based Goodman Global Inc.
The MSCI Asia Pacific Index rose 0.2 percent to 119.42 as of 12:12 p.m. in Tokyo, having earlier lost 0.1 percent. Five shares rose for every three that fell. U.S. reports yesterday showed home prices increased for the first time since 2010, while consumer confidence fell. The Federal Reserve signaled last week it’s ready to take more steps to spur the economy and Bernanke may comment on the likelihood of further measures at an Aug. 31 speech at a meeting of central bankers in Wyoming.
“Bernanke’s probably going to hold fire here, while sending an encouraging message,” said Angus Gluskie, managing director at White Funds Management in Sydney who manages more than $350 million. “Realistically we’re probably going to see him say what he’s said over the last couple of months, which is simply that they will act, but only if conditions continue to deteriorate. That’s probably neutral for the market.”
Japan’s Nikkei 225 Stock Average (NKY) added 0.3 percent. South Korea’s Kospi Index gained 0.2 percent. Hong Kong’s Hang Seng Index was little changed, while China’s Shanghai Composite Index slipped 0.3 percent. Australia’s S&P/ASX 200 Index fell 0.2 percent.
U.S. Futures
Futures on the Standard & Poor’s 500 Index rose 0.1 percent today. The underlying gauge slid 0.1 percent yesterday.
Pacific Investment Management Co. Chief Executive Officer Mohamed El-Erian is among money managers speculating Bernanke probably won’t provide specific plans for further monetary action this week. El-Erian spoke yesterday on Bloomberg Television’s “In the Loop” with Betty Liu.
Spending by U.S. consumers is expected to have climbed in July by the most in five months, easing concern the biggest part of the economy is backsliding, economists said before a report on Aug. 30. Revised second-quarter gross domestic product to be released today by the Commerce Department may show the world’s biggest economy grew faster than initially estimated.
Biggest Advance
Information technology companies posted the biggest advance among the 10 industry groups in the MSCI Asia Pacific Index. (MXAP)
Renesas jumped 31 percent to 299 yen in Tokyo. New York- based KKR will spend 100 billion yen to take a controlling stake in the unprofitable chipmaker by the end of the year, the Nikkei reported, without saying where it got the information.
NEC Corp., a maker of computers and telecommunications equipment, advanced 3.7 percent to 111 yen. Hon Hai Precision Industry Co. plans to buy patents from the Japanese company, Simon Hsing, a spokesman for the Taipei-based maker of Apple Inc.’s iPad, said by phone today, confirming comments made by Hon Hai Chairman Terry Gou in Tokyo yesterday.
LG Electronics climbed 4.8 percent to 71,900 won in Seoul. The company’s latest Android smartphone Optimus G will help boost fourth-quarter sales, Kwon Sung Ryul, an analyst at Dongbu Securities Co., wrote in a report today.
Daikin, Evergrande
The MSCI Asia Pacific Index fell 7.5 percent from this year’s high on Feb. 29 through yesterday. Stocks on Asia’s benchmark index were valued at 12.4 times estimated earnings on average, compared with 13.7 for the S&P 500 and 11.6 for the Stoxx Europe 600 Index, according to data compiled by Bloomberg.
Among stocks that fell, Daikin slipped 5.2 percent to 2,037 yen. The Japanese air-conditioner maker will buy Goodman Global for 300 billion yen, the Nikkei newspaper reported.
Evergrande Real Estate Group Ltd. dropped 3.1 percent to HK$3.09 in Hong Kong. China’s biggest developer by sales volume said first-half underlying profit fell 21 percent from a year earlier to 3.8 billion yuan ($598 million) as it sold fewer apartments as the government maintained property curbs.
Of the 506 companies in the Asia-Pacific index that have reported quarterly earnings since July 1, and for which Bloomberg has estimates, more than half failed to meet projections, according to data compiled by Bloomberg.
To contact the reporters on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net; Adam Haigh in Sydney at ahaigh1@bloomberg.net
To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net
http://www.bloomberg.com/news/2012-08-29/most-asian-stocks-rise-before-u-s-gdp-bernanke-speech.html
Billionaire Li’s Venture May Seek Singapore Land: Southeast Asia
illionaire Li Ka-shing’s Singapore property joint venture may seek more land in the city’s downtown to replicate its latest development that attracted global banks including Standard Chartered Plc and Macquarie Group Ltd.
The venture, made up of Li’s Cheung Kong Holdings Ltd. (1), Hongkong Land Holdings Ltd. (HKL) and Keppel Land Ltd. (KPLD), developed the Marina Bay Financial Centre for about S$4.5 billion ($3.6 billion), it said. The shareholders may be interested in projects close to the existing development, said Warren Bishop, chief executive officer of Raffles Quay Asset Management Pte, which is owned by and manages the venture’s Singapore properties.
“Given the right space, the developers will probably be keen to bid on some of those spaces,” Bishop said in an interview at its Marina Bay Financial Centre in Singapore yesterday. “The current perspective of the developers is to be central business district-based, if possible grow on this development here, so adjacent sites within this vicinity would be the most attractive.”
The development is part of Singapore’s effort to build a new downtown extension to boost its offering of office space and draw the world’s biggest financial services companies. The property has also attracted tenants including Barclays Plc (BARC) and Nomura Holdings Inc. as more global banks relocated regional and global functions to Singapore.
Singapore’s move to open up its financial sector after the 1997 Asian financial crisis helped boost demand for office space, especially in the business district, CBRE Group Inc. said.
Marina Bay
The area known as Marina Bay is a 360-hectare (890-acre) development area created from reclaiming land off the sea fronting the banking district, and now includes Las Vegas Sands Corp. (LVS)’s Marina Bay Sands casino-resort with a convention center that’s able to accommodate 45,000 delegates. Land reclamation played a prominent role in the growth of Singapore’s central business district, according to CBRE.
Monthly prime office rents averaged S$10.60 a square foot over the past five years, according to the property consulting company, lower than the peak of S$18.80 in mid-2008.
European companies account for 51 percent of the space occupied in the Marina Bay area, followed by 22 percent from Asia and 20 percent from North America, according to CBRE’s data.
Rents in Marina Bay have declined about 10 percent to S$10 a square foot from a year earlier, Moray Armstrong, executive director of office services at CBRE in Singapore, said in an interview. The European debt crisis may affect the office market over the next six to nine months, he said.
Riding Cycles
“The Marina Bay area will ride the cycles both up and down,” Armstrong said. “The key challenge right now is that the banks are out of the market and I think that could persist for a reasonable period of time.”
Raffles Quay Asset Management was set up to manage One Raffles Quay and the Marina Bay Financial Centre, which together account for 4.5 million square feet (418,000 square meters) of prime office and retail space in the new business district.
Bishop, who took over as CEO of Raffles Quay Asset Management in April and was previously based in Hong Kong, is focusing his efforts on leasing the remaining office space at Marina Bay Financial Centre and selling luxury apartment units at its Marina Bay Suites.
Marina Bay Financial Centre signed Clifford Capital, backed by Temasek Holdings Pte, and international law firm Clyde & Co. as new tenants, Bishop said. Raffles Quay Asset Management has leased more than 70 percent, or 890,000 square feet, of its third office tower at the development.
“People here are focusing on Asia for growth and Singapore is very much centered as the Southeast Asian regional financial, legal, commodities hub,” Bishop said. “Everyone is acknowledging the effects of the Eurozone, but the fact is Asia is still in growth, which is a key factor. Other economies in the region are not suffering like Europe and America are.”
To contact the reporters on this story: Pooja Thakur in Singapore at pthakur@bloomberg.net
To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net
Buy wine in Ortigas, Metro Manila, Philippines at good wine shops and boutique wine stores that offer good selection of good vintage wines at all price points. Wine lovers in Philippines can find good red wines in wine shops in Manila and Pampanga. Among the good selections of French red wines from Bordeaux are Chateau Gloria, Chateau Lafite, Chateau Margaux, Chateau Petrus, Chateau Lynch Bages, Chateau Latour, Chateau Mouton Rothschild, Chateau Cheval Blanc, Chateau Ausone, Chateau le Pin, Chateau Palmer, Chateau Pontet Canet, Chateau Carruades de Lafite, Chateau les Forts de Latour, Chateau Pichon Lalande. This makes it easy and convenient for wine lovers to buy wine in Manila. Manila wine and food lovers looking for things to do in Pampanga and Manila can consider attending one of these wine events. The best way to learn more about wine in the Philippines is to attend public wine tasting events that have no sponsors.

http://www.bloomberg.com/news/2012-08-28/billionaire-li-s-venture-may-seek-singapore-land-southeast-asia.html
Clark Wine Center was built in 2003 by Hong Kong-based Yats International Leisure Philippines to become the largest wine shop in Philippines supplying Asia’s wine lovers with fine vintage wines at attractive prices. Today, this wine shop in Clark Philippines offers over 2000 selections of fine wines from all major wine regions in the world. As a leading wine supplier in Philippines, Pampanga’s Clark Wine Center offers an incomparable breadth of vintages, wines from back vintages spanning over 50 years. Clark Wine Center is located in Pampanga Clark Freeport Zone adjacent to Angeles City, just 25 minutes from Subic and 45 minutes from Manila.

Things to do in Clark Philippines and Pampanga: do a little wine shopping at the famous wine shop outside of Manila called Clark Wine Center. One of the favorite places to visit in Pampanga Clark Freeport is the white building along M A Roxas highway of Clark which houses over 2000 selections of fine vintage wines. The Clark Wine Center is one of the places to visit, a tourist spot and a good shopping place for those staying in Angeles City, Subic or Clark Pampanga. It is lauded by food and wine lovers in Manila, Subic and Pampanga as the best wine shop outside Manila as well as a good place to buy wine in Pampanga.

Residents of Pampanga Angeles City, Subic, Tarlac and Clark Philippines know of this wine shop as one of the best places in Clark, a good night out place and simply the best place to hang out, enjoy some good wine with cheese on the roof deck with good atmosphere, or just relax and unwind with friends and family in a cool place. This wine shop in Clark Pampanga is recognized by many to be one of the best places to buy fine vintage wine in the Philippines. Located near Mimosa Leisure Estate surrounded by golf courses, resorts and a casino, this well known wine shop is frequently visited for its good selection of wine not available in Manila or Subic. Clark Wine Center is open 7 days a week from 10am to 8pm. Private dinners, wine tastings and group gatherings can be organized by advanced reservation.

Foodies and wine lovers travel north from Manila to wine and dine at Philippines’ best fine dining restaurant in Pampanga Clark Freeport worth the 60-minutes drive for a memorable evening of good food with vintage wine at Yats Restaurant & Wine Bar. Most guests would stop by this famous wine shop called Clark Wine Center to bring home a few good bottles of fine vintage wine also. Other visitors may find the wine selections in some of the restaurants in Angeles City Pampanga to be less than interesting, so they stop by this wine shop near Angeles City Pampanga Clark Philippines, buy some good wines and bring these bottles of good vintage wines to the restaurants so they can enjoy the dinner.

Wines from Burgundy, Bordeaux, Rhone, Loire, Spain, Portugal, Germany, Austria, Alsace, USA, Australia, New Zealand, Italy, South Africa, Chile and Argentina etc. are well represented in this Clark Wine Shop which is lauded by wine and food lovers from Manila and tourists from abroad as the best place to buy wine in Pampanga.

This is one of the frequently visited places for wine lovers from Manila and Angeles City to buy wines in Pampanga.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Yats Leisure Philippines

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023

Tel: 0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Road, Ortigas Centger,
Metro Manila, Philippines 1605

Tel: (632) 637-5019 0917-540-3626 ask for Rea or Chay

Log on to this web site for more information about Yats Wine Cellars as the leading wine importer and wine supplier in the Philippines:

ats Wine Cellars Leading Wine Supplier in Philippines

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to http://www.HotelClarkPhilippines.com for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to
www.ClearwaterPhilippines.com

TRAILER TWO

Tourists and residents of Manila travel out of town to the north on a short getaway look for the best place in Clark to buy some fine vintage wine to bring home after their holidays and vacations. Many find a top rated wine shop called Clark Wine Center to be an exciting place to do some shopping in Clark Pampanga. This famous wine shop is highly recommended for visitors going to Clark Pampanga to drink good wine, relax and unwind with friends and families. Clark Wine Center is also lauded by wine and food lovers from Manila and tourists from abroad as the best place to buy wine in Pampanga.

This frequently visited wine shop outside Manila is known by tourist and visitors to Pampanga, Angeles city, Subic and Clark Philippines as a cool place to hang out in Clark. Many attend the regular wine tasting held either outdoor on the roof deck or in indoor on the second floor above the wine shop. The place has good atmosphere for a private wine tasting party or a small night out gatherings for business or social event. Clark Wine Center is lauded by food and wine lovers in Manila, Subic and Pampanga as the best wine shop outside Manila as well as a good place to buy wine in Pampanga.

Tourists and visitors staying in Angeles City, Tarlac, Baguio, Subic and Pampanga sometimes wonder what are the things to do in Clark Philippines and Pampanga? Frequent visitors to Pampanga discover that it is fun to do a little wine shopping at the famous wine shop outside of Manila called Clark Wine Center. One of the favorite places to visit in Pampanga Clark Freeport is the white building along M A Roxas highway of Clark which houses over 2000 selections of fine vintage wines. The Clark Wine Center is one of the places to visit, a tourist spot and a good shopping place for those staying in Angeles City, Subic or Clark Pampanga.

Leading Philippines Wine Supplier Yats Wine Cellars, leading supplier of fine wines in Philippines with outlets in Angeles City, Subic Freeport and Manila Philippines has been not only a wine shop for fine wines covering all major wine regions but also a source of reliable and useful information about wine, wine appreciation, wine accessories, wine and health, food and wine pairing and all other matters relating to wine and its appreciation. This Philippines Clark Freeport based Wine Supplier and Wine Shop frequently holds public wine tasting events in Pampanga Clark Freeport Zone, Angeles City, Subic Bay area, Makati, Fort Bonifacio and other areas in Philippines capital city Manila. Private Wine events such as private wine tasting and private wine dinners are also designed and organized for private clientele for their wine loving guests.

Log on to this web site for more information about Yats Wine Cellars as the leading wine importer and wine supplier in the Philippines:

ats Wine Cellars Leading Wine Supplier in Philippines

Wine Catering is a unique product of Yats Wine Cellars, created back in 2005 in response to a growing demand for private wine parties in Manila, Cebu, Subic, Angeles Clark Philippines.

Chateau Lafite-Rothschild is the most revered wine in China and many other parts of Asia. The best wine shop in Asia to buy older vintages of Chateau Lafite is Yats Wine Cellars located in Clark Philippines. Aside from Lafite, visitors can buy other fine wines at this wine shop in Clark Pampanga such as Latour, Mouton-Rothschild, Haut-Brion and Margaux. Excellent Burgundy wines like Chambertin, Vougeot, Musigny, Bonnes Mares, Pommard, Meursault, Chambertin, Vosne Romanee, Romanee Conti, La Tache and Romanee St. Vivant can be found here.

Yats Wine Cellars can be reached at their Clark Wine Center Philippines wine shop located on the main highway M A Roxas of Pampanga Clark Freeport Zone or their sales office in Ortigas Centre, Metro Manila. Here is the contact information:

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Clark Wine Center

Yats Leisure Philippines

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay

Log on to this web site for more information about Yats Wine Cellars as the leading wine importer and wine supplier in the Philippines:

ats Wine Cellars Leading Wine Supplier in Philippines

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to http://www.HotelClarkPhilippines.com for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to www.ClearwaterPhilippines.com

Buy wine in Pampanga, Philippines at good wine shops and boutique wine stores that offer good selection of good vintage wines at all price points. Wine lovers in Philippines can find good red wines in wine shops in Manila and Pampanga. Among the good selections of French red wines from Bordeaux are Chateau Gloria, Chateau Lafite, Chateau Margaux, Chateau Petrus, Chateau Lynch Bages, Chateau Latour, Chateau Mouton Rothschild, Chateau Cheval Blanc, Chateau Ausone, Chateau le Pin, Chateau Palmer, Chateau Pontet Canet, Chateau Carruades de Lafite, Chateau les Forts de Latour, Chateau Pichon Lalande. This makes it easy and convenient for wine lovers to buy wine in Manila. Manila wine and food lovers looking for things to do in Pampanga and Manila can consider attending one of these wine events. Leading Philippines wine supplier and wine importer Yats Wine Cellars frequently hold public wine tasting in Clark, Pampanga and Manila.

Buy wine in Cebu, Philippines at good wine shops and boutique wine stores that offer good selection of good vintage wines at all price points. Wine lovers in Philippines can find good red wines in wine shops in Manila and Pampanga. Among the good selections of French red wines from Bordeaux are Chateau Gloria, Chateau Lafite, Chateau Margaux, Chateau Petrus, Chateau Lynch Bages, Chateau Latour, Chateau Mouton Rothschild, Chateau Cheval Blanc, Chateau Ausone, Chateau le Pin, Chateau Palmer, Chateau Pontet Canet, Chateau Carruades de Lafite, Chateau les Forts de Latour, Chateau Pichon Lalande. This makes it easy and convenient for wine lovers to buy wine in Manila. Manila wine and food lovers looking for things to do in Pampanga and Manila can consider attending one of these wine events. The best way to learn more about wine in the Philippines is to attend public wine tasting events that have no sponsors.