News

Pent-up demand pushes CCR prices up

This following slow CCR sales during the Chinese New Year period.

Pent-up demand pushes CCR prices up

This following slow CCR sales during the Chinese New Year period.

OCR and RCR prices decelerate

More cautious buyer sentiments are seen particularly in the mass segment.

Carry mine, I’ll carry yours: Pay TV providers

Customers will soon be able to watch Pay TV content with their preferred operator sans any extra fee.

SingTel avails $3.7b credit facilities

Loan to finance operations following a 2.3% drop in fourth-quarter profit last month on lower contributions from its overseas units and slowing local growth.

Tiger losing $2 m a week on Aussie suspension

Board asks CEO Tony Davis to solve Aussie grounding and promotes Chin Yau Seng to Executive Director to run existing operations.

Tiger banned from flying in Australia

Entire fleet grounded for minimum of 5 days as regulator cites safety concerns. Tiger has been hit with a slew of regulator issues and will have to fight it out in court to get back in the air. This is a major blow for the airline which has been competing with Jetstar. The Sydney Morning Herald reported The aviation regulator says it has lost confidence in Tiger Airways' ability to manage its safety after a series of events, culminating in the grounding of the airline's Australian flights. All Tiger Airways Australia's domestic flights were today suspended for a week, until July 9. It's the first time the Civil Aviation Safety Authority (CASA) has grounded an entire airline. The Civil Aviation Authority said it has lost confidence in Tiger, and this is the first time an entire airline has been grounded.

CIMB Securities Head busted for false trading

MAS has fined Wong Chow Lin $50,000 and given him a 2-year ban.

Private home prices grew 1.9% in 2Q 2011

Colliers says the price growth for 2011 could slow to around 7% to 8%, from 17.6% in 2010.

Spam alert: 40% of social network spam comes from Facebook

Symantec says there’s a cyclical pattern of spam between Facebook, Twitter and YouTube.

Singapore banks show stunning loan growth at 24.2% YoY

And this is driven by business loans which expanded 27.5% in May.

Resale price index inched 2.9% to a record 179.9

Median resale prices have gone up Q-on-Q by 2.6% to 5.3% for 2Q11 across the various flat types, higher than the anticipated 2% to 3%.

Fitch warns corporate communication is not the same as corporate governance

Fitch takes into consideration various factors, ranging from systemic country issues, to issuer-specific management and board effectiveness.

New home sales jump 69% yoy in May

But a lot of apartments remain unsold, as launched but unsold units remained high at 5,030 properties.

Singapore’s inflation inches higher to 4.1%

While GDP growth is expected to hit 6.2%yoy in 2011, according to the latest MAS survey.

Second-hand homes become a hit

Number of resales was the highest this year in May, comprising 60% of all private home sales.

Homebuyers wait on the sidelines

Private home sales have slowed in June with buyers waiting for further project launches from the government land sales programme.

Are you making $6,300 a month as a manager ?

That was the median income for managers in 2010, but can you guess how much professionals earned ?