Singapore

Paramount Hotel to be renamed East Village Hotel after S$30M makeover

Far East Hospitality announced that Paramount Hotel will be renamed East Village Hotel, following upgrading and refurbishment works that will cost approximately S$30 million, reports Property Guru.

Paramount Hotel to be renamed East Village Hotel after S$30M makeover

Far East Hospitality announced that Paramount Hotel will be renamed East Village Hotel, following upgrading and refurbishment works that will cost approximately S$30 million, reports Property Guru.

Lower supply drives up resale flat prices: analysts

The lower supply of Housing & Development Board  resale flats has driven up the prices of such units, according to analysts.

Singapore to bridge Latin American interests in Asia

Singapore will continue to bridge interests and strengthen its role as Latin America's valued partner in this region, said the republic's Minister for Trade and Industry, Lim Hng Kiang.

Take your pick: 82% of companies prioritize benefit choice for employees

And 24% indicated their key priority for providing choice is to attract and retain talent.

68% of employers to hire more despite economic slowdown

50% of Singapore companies plan to hire more freelance staff and 32% will employ more remote workers in 2011/12.

Noble Group to subscribe for up to 15% of Atlas Resources’ IPO

Noble Group had provided a loan to Atlas Resources on 27 Apr11, and the contract has an option to convert this into a 10.1% stake in the company.

Higher CPO production to drive Wilmar’s earnings in 3Q11

Higher production is expected from Wilmar’s oil palms over the next 3 years as a higher proportion of its plantation reaches the prime age of 7-18.

URA launches tender for Jalan Bukit Merah / Alexandra Road site

The 7,946.2 sqm hotel site will have a minimum bid of $98m.

SATS looking to sell UK food business

The company’s UK businesses, the Daniels Group and International Cuisine, account for 21% of its FY11 revenue.

SMX records highest overall turnover

The turnover was $635.23 million with a total volume of 19,231.

Designer homes: Would you like a scarf with that living room?

SC Global will collaborate with Hermès on the world’s first ever apartment entirely decorated by the luxury brand.

Pacific International Lines seeks voluntary delisting of PST

DBS, for and on behalf of Pacific International Lines, will make a cash offer to acquire all the issued units of Pacific Shipping Trust other than those already held at the date of the Exit Offer.

Mazars issues disclaimer on Sun East’s audited finances

The company states that it has not been able to obtain sufficient appropriate audit evidence to provide basis for an audit opinion.

Bond issuer NIS Group fails to pay loans

This resulted to an Event of Default for the bonds currently listed on SGX.

Visitor arrivals may have grown 10% to 12.8m in 2011

As tourism receipts for 1Q11 rose 36% to S$4.98b and are expected to surpass last year’s record of S$18.8b.

Shell Singapore to pay for undelivered cargoes

Unable to deliver because of the Bukom fire last week, Shell offered to pay clients to effectively buy back the orders.

Investors sell off property stocks amidst uncertainty

This drove Singapore shares to a two-year low as property companies lost in Tuesday’s trading.