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Aussie Tiger Airway’s hearing set for July 22
DMG says the airline has to return over S$3m to the South Australian government as it plans to decrease its fleet in Adelaide.
Aussie Tiger Airway’s hearing set for July 22
DMG says the airline has to return over S$3m to the South Australian government as it plans to decrease its fleet in Adelaide.
Office tenants are moving to hi-tech industrial space
Average gross rent for private high-tech space may have grown to $3.45 per sq ft per month, but tenants are relocating amidst faster increase in office rents.
Australand to delist from SGX
The Group no longer finds the need for the secondary listing and will just continue to maintain its primary listing on the Australian Securities Exchange.
Hello sunshine: StarHub launches Singapore’s first solar-charging mobile phone
SOLO's standby time can last for up to 200 hours.
IPOs raised $27b in Asia
This amounts to 42% of global capital raised.
Singapore’s unemployment hits three-year low of 1.9%
UOB says 54,000 jobs were created in 1Q11.
Wing Tai’s Le Nouvel Ardmore sold for $4,200 psf
This is 20% higher than Kim Eng’s original assumption of $3,500 psf.
Winning GLS tenders 7% below average selling price
However, this discount started to widen after May 11 when the breakeven ASP for the Buangkok Drive site came in at 14% below market levels, says OCBC.
Temasek's profit more than doubles to S$13b
Last year's profit was S$5b, and Temasek's portfolio jumped to S$193b as of end-March.
Developers still tread with caution
There were only three bids for the Punggol site amidst uncertainty of policy changes in public housing.
OCBC Bank prices A$500m of senior unsecured notes
The notes have been rated Aa1 by Moody’s, AA- by Fitch and A+ by Standard & Poor’s.
Singapore GDP growth falls to 8.3% in Q1 2011
It fell by 3.7% from last year’s 12%.
Tiger Airway’s Aussie grounding could cost it from S$35m-$60m
UOB says Tiger Airways’ losses will accelerate even if the suspension is lifted.
World consumer spending gets a boost from lower petrol prices
15 out of 18 non manufacturing sectors grew through June, a sign that the world economy is back on track.
Government Land Sales a hit
Purchases of Government Land Sales sites made up the bulk of investments in the second quarter.
Foreigners more active in property buys
They accounted for 17.6% of investment deals, compared to 10.5% in the first quarter.
StanChart sued in Singapore for $2m
Thai businessman Chatchai Yenbamroong claims the bank gave him negligent and fraudulent investment information.
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