Singapore
MDA and SingTel invest $4mln for IDM incubation program
Under the MOU, MDA and SingTel Innov8 will provide funding and create a dynamic environment for start-ups.
MDA and SingTel invest $4mln for IDM incubation program
Under the MOU, MDA and SingTel Innov8 will provide funding and create a dynamic environment for start-ups.
Global crises slows down Singapore economy
The economy is expected to grow a mere 6 percent in 1Q11 as a result of the political unrest in the Middle East and the twin disasters in Japan.
Capital values for industrial properties up by 5% q-o-q
For 60-year leasehold strata- titled factory space, capital value increased by about 5% q-o-q to $289 psf for ground floor units and $213 psf for upper floor units.
Cosco secures delivery of Fortaleza Knutsen to European buyer
The shuttle tanker measures 246.8m length of all, 42m in breath and 22.5m in depth.
DBS: Cosco likely to bag USD 3bln worth of contracts in 2011
The shipping company could earn USD 1.05bln from LOIs for drilling units with Sevan.
Over 400 negotiators join the 6th Trans-Pacific Partnership Singapore Round
Strong progress was made at the TPP Singapore Round, which covered areas like goods, services, investment and government procurement from 27 March to 2 April, MTI said.
CapitaMall acquires Iluma for $298.95mn
The total acquisition cost is comprised of the purchase consideration fee of $295mn and other fees worth $3.95mn.
Keppel FELS receives second jackup rig order at US$180mn
Jasper Investments has exercised its option with Keppel FELS to build a second KFELS B Class jackup rig for delivery in 1H2013.
Bartley Road residential site sold for $413mn
The land parcel was offered on a 99-year lease term and was awarded to Intrepid Investments, Sunmaster Holdings and TID Residential.
GDP to jump 5.8% in 2011:RCBC
As the global economy continues to recover, GDP is still expected to rise to 6.2% in 2012.
Singapore topped global economic ranking:OCBC
A fiscally strong country, Singapore passed with flying colors all the indicators of a healthy economy.
Energy efficiency standard implemented for data centres
The Singapore Standard for Green Data Centres - Energy and Environmental Management Systems has been launche to help data centres manage energy use and cost.
Private property transactions plunged 33.7% in 1Q 2011:PropNex
HDB resale transactions for PropNex may have increased 5.1% q-o-q but the cooling measures dragged down the number of private property transactions.
Tiger Airways, SEAIR launches third Manila Clark-Macau route
SEAIR will operate daily flights from Manila to Macau from 27 May 2011.
Home prices rose a tad by 2.1% in 1Q 2011
Property Price Index (PPI) showed that the overall price level in Singapore’s private residential property market reached 194.8 points in 1Q11.
Over 80% of new subscribers are on 3g network
3G subscribers currently account for 66% of total mobile subscribers,up from 47% in just a year.
Mortage loans growth falls sharply as property measures bite
Housing loans growth falls sharply to just 1% in February, but could start contracting, warns DBS.
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