Singapore
STI closes more than 1.2% higher
The index benefited from Europe’s strong start, with Singapore the only Asian market still trading when Europe opens.
STI closes more than 1.2% higher
The index benefited from Europe’s strong start, with Singapore the only Asian market still trading when Europe opens.
Chart of the Day: Rates of Grade A office rent fall
The average monthly rent of CBD Grade A offices was S$8.47 per sq ft in the second quarter of 2012.
14 new bus routes slated for September
Minister Lui Tuck Yew said this will improve service levels for at least one in three existing buses routes.
Financial assistance powers proposed for LTA
New amendments to the LTA Act seek to authorize the transport body to hand out loans, grants and guarantees to bus operators.
LTA tightens regulatory noose on train operators after disruptions
The transport body plans to impose tougher audits and possibly raise fines to prevent a repeat of last December's train service disruptions.
Dependent privileges lowered for work pass holders
Various pass holders may no longer bring parents, parents-in-law or sponsor the stay of spouses and children if earning below $4,000.
COSCO Corporation's Vice Chairman Jiang Li Jun resigns
Jiang Li Jun was included in the group's rotation of key management talents among its business units.
Next-Gen Satellite Communications' Executive Director resigns
Robert Scott Zimmer is believed that he is unable to contribute effectively in his role.
Tiger Airways appoints 3 Directors
The carrier appoints Arthur Lang Tao Yih and Maurice de Vaz as Non-Executive Directors and Koay Peng Yen as Executive Director.
Ascott Residence Trust's acquisition-disposal move to raise leverage in long run
Ascott REIT remains exposed to the Euro crisis, with almost 33% of total revenues derived from assets based in Europe.
New bus program to boost routes by 15%
8 out of the new 40 routes will connect major HDB towns to the city area.
CapitaLand to boost ART's Asian exposure to almost 40%
25,999sf GFA will be added to CapitaLand's residential landbank.
CapitaMall Trust may sell Sembawang Shopping Centre: Nomura
Sembawang was a drag on occupancy in 4QFY11.
Atrium@Orchard to finish renovations in 4Q12
An additional 110,000 sq ft of new retail and dining options await Singapore shoppers.
Warehouse rents surge to new highs in 2Q12
Prime conventional warehouse rents for upper floor space exceeded their last peak in Year 2008 by 17%.
CapitaCommercial Trust still haunted by vacancy risks
Good thing half the total leases expiring in FY12 have already been addressed.
CapitaLand to get more than S$100m from bundled deal with ART
CapLand's S$98.9m profit from the sale of its two assets excludes gains from the eventual sale of the redeveloped Cairnhill Somerset back to Ascott Residence Trust.
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