News

Temasek unit buys mall in Hong Kong for $2.4b

Sale of Festival Walk shopping center is the biggest property transaction ever for Swire Pacific.

Temasek unit buys mall in Hong Kong for $2.4b

Sale of Festival Walk shopping center is the biggest property transaction ever for Swire Pacific.

Lucky 13: Additional train cars eyed for Bukit Panjang LRT

The 13 additional cars would provide additional capacity of about 50%.

Buying investment products? Pass this test first

MAS now requires that a customer be assessed prior to the sale to ensure the risks and features are understood.

IATA forecasts a meager $4b profit for airlines worldwide in 2011

This is a 78% fall from the $18 billion that the airlines made in 2010.

34% of Singaporeans won’t buy properties due to high prices

And 73% of HDB seekers are willing to wait 2 to 3 years to purchase property.

Singapore’s security market to total S$67.8m in 2011

Gartner expects the market to grow by 3.3% this year.

94% of Singaporean companies don’t trust the accuracy of their contact data

And guess what is the top reason cited for this lack of trust?

Snail's pace: SingPost's profit down 3.5% to S$39.2m

Revenue was up but so were total expenses which jumped 6% to S$109.3m.

Derailed: SMRT profit down to $34.8m

The company is off track because of energy costs rising by 32.7% or $9.9m for the first quarter.

Workaholic Singaporeans: 82% of business travellers work until midnight

And the figure conscious 53% like going to the gym on their trips.

Tamed Tiger: Flights still suspended Down Under

Suspension is extended until August 1 following the adjournment of a court hearing.

Ascott Reit gets go-ahead to redevelop Somerset Grand Cairnhill

URA permitted the Ascott Reit to turn the property into an integrated hotel and residential site.

Tiger Airways Singapore and Airtropolis GSA join forces for cargo services

Airtropolis GSA Singapore will sell Tiger’s cargo space on its Airbus A320-family aircraft.

Airports’ non-aeronautical revenues set to take off by 50%

And you’ll never guess what’s driving this growth.

Blimey! SIA plane fails to reach Hong Kong

The Airbus A380 backtracked after 20 minutes following a shutdown of an engine by London-based Rolls-Royce.

What grocery list? Singaporeans rank second most impulsive shoppers in Southeast Asia

But survey shows Singaporean shoppers are also the second most price-sensitive.

Mayday, mayday: SIA Engineering’s profit down 3.8%

Profit for the first quarter of 2011 was $68.1m.