Singapore
SGX delays removal of midday trading break
Full-day continuous trading won’t start until the third quarter to supposedly ensure investors are ready.
SGX delays removal of midday trading break
Full-day continuous trading won’t start until the third quarter to supposedly ensure investors are ready.
NOL’s belt tightening results in lower fuel surcharge
Its container shipping line APL is ‘slow-steaming’ or reducing vessel speed to cut fuel consumption and control costs.
"The price is right": Not for Good Class Bungalows
Offer and asking prices are said to be not seeing eye to eye.
Manufacturing took some downers in May
Sharp drop in pharmaceutical output caused the 17.5% decline in manufacturing.
Job opening: ride managers
Theme park operators have six months from 1 July 2011 to appoint one as part of new regulations.
Cebu Pacific orders 37 new Airbus aircrafts
The Philippines’ largest national flag carrier ordered 30 new Airbus A321neo and 7 A320 aircrafts valued at US$3.8 billion, the largest single aircraft order ever made by a Philippine carrier.
Air Asia becomes Airbus’ largest customer
Air Asia ordered 200 Airbus A320neo aircraft worth US$18.5 billion, the largest ever Airbus deal by number of aircraft as well as the largest ever order for aircraft in the A320 family.
CIMB ceases merger talks with RHB
“Based on our various discussions and our assessment of the present expectations of key stakeholders, we do not believe that we will be able to arrive at a value creating merger, said Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group.
Gambas Avenue / Gambas Crescent industrial site released
It can be developed for light industry, clean industry, utilities or telecommunication uses.
GIC executive director Tony Tan resigns
He is also leaving Singapore Press Holdings amidst his plan to run for president.
West Coast Link / West Coast Crescent site attracts record number of bidders
Twelve developers participated but bids were said to be conservative. Highest bidder was Boo Han Holdings Pte. Ltd. with $176 million.
CapitaLand to appoint Arthur Lang as Group CFO
Currently Morgan Stanley’s Co-Head of Investment Banking in South-east Asia, Mr Lang will join CapitaLand in September.
Consortium formed for biomedical R&D
This as niche players with narrow range of services are said to be put at a disadvantage when competing with larger providers.
Property Shocker: West Coast property bid comes in below 20% forecast
The top bid for a URA residential site opposite West Coast came in at $175.8m or $461 per square foot per plot ratio, compared to analysts’ forecast of $580 psf ppr.
Inflationary pressures won't ease significantly: HSBC
This amidst robust demand conditions and the tightness of labor markets.
CPI up 4.5% in May 2011
Blame it on higher costs of housing, transport and food.
Singapore is still Asia’s leading business hub
The country ranked 9th amongst the best cities for doing business.
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