Ascott to Launch Its First Serviced Residence in Bali
CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has expanded its presence into Bali, Indonesia, by clinching a contract to manage a 174-unit serviced residence in Kuta. To be named Citadines Bali Kuta, the serviced residence will open in 2012.

EU envoy says hostage bloodbath won’t affect investment
EUROPEAN Union Alistair Macdonald on Thursday said the August 23 botched hostage rescue in Manila will not affect investments in the Philippines and it will just be a matter of time for the country to recover from the horrifying incident that badly hit the tourism industry.