Singapore
SMX CEO Thomas McMahon resigns
Thomas McMahon has decided to move on to pursue his personal interests within the industry.
SMX CEO Thomas McMahon resigns
Thomas McMahon has decided to move on to pursue his personal interests within the industry.
Government shells out $2bln for Singaporeans
About 2.4 million adult Singaporeans would have received about $1.5 billion in Growth Dividends and 1.3 million Singaporeans would have received abou $500 million in CPF Medisave Top-ups.
Tiger to launch new SEAIR domestic flights in RP
SEAIR will operate up to 16 flights per day between Manila-Cebu and Manila-Davao under its airline partnership program with Tiger Airways.
Consumers can soon choose their power supplier if EMA's plans continue
The Energy Market of Singapore is working towards opening up the entire electricity market to competition.
Unemployment rate plunges to 3-year low in 1Q 2011
Reflecting the tight labour market, the overall unemployment rate fell from a seasonally adjusted 2.2% in December 2010 to 1.9% in March 2011.
Japan tragedy to have limited negative impact on Singapore
The Asia and Pacific region will experience rebust growth both in 2011 and in 2012, said the IMF.
DBS net profit surged to record $807mln in 1Q11
Net profit rose 52% from a year ago and 19% from the previous quarter, said DBS.
SGX lists Nam Cheong offshore shipbuilding and chartering unit
The S$472mn reverse takeover of Eagle Brand for Nam Cheong Group is satisfied via the issuance of 94.4bn new ordinary shares.
MAS imposes civil penalty enforcement action for insider trading incident
The agency penalized Song Qing for purchasing 40,000 Bright World shares after reviewing the translation of draft legal documents regarding China Holdings’ voluntary conditional offer.
Hitachi joins forces with A*STAR to improve genomic sequencing data storage
The collaboration between the two organisations is aimed on meeting the high performance and low storage cost demands in storing, accessing, and managing large genome databases.
Tender for Hillview Avenue received highest bid of $289.8mn
The highest bid for the commercial and residential site came from Tuas Technology Park.
Brain drain woes persist in SG, says 69% of executives
Hiring expectations have levelled off slightly but remain strong, said Hudson.
Singapore Land net profit up 5% in 1Q 2011
Net profit increased from $55.5 million to $58.2 million for the period ended 31 March 2011, said Singapore Land.
Oxley sells 60% of BizHub property in two days
The soft launch of phase one comprised of 364 units, with the factory and warehouse units booked at an average price of $677 psf.
Mapletree Industrial Trust occupancy surged 93.2% in 4Q 2011
This is on the back of high retention rate of 86%, indicating a strong underlying demand for industrial space.
SGX appoints Nels Friets as new Securities Head and SVP
The former chair of the SGX Securities Committee was also a founding member of the Securities Association of Singapore.
SGX CFO steps down from post
Seck Wai Kwong will leave SGX for a new role at State Street Bank & Trust Co.
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