News

Guess how much a private jet from Singapore to Bali is going to cost?

Would be rappers or barons of industry can now find out with the launch of Chapman Freeborn’s “Private Jet” booking iPhone app.

Guess how much a private jet from Singapore to Bali is going to cost?

Would be rappers or barons of industry can now find out with the launch of Chapman Freeborn’s “Private Jet” booking iPhone app.

Tiger pounces on Mandala airlines

Tiger Airways today announced its acquisition of a 33% stake in Indonesia's PT Mandala Airlines. And as Mandala undergoes a financial restructuring process, it plans to adopt the Tiger Airways business model.

Irate? Call the hotline if you can.

Communication services of M1 were disrupted yesterday, leaving frustrated customers no choice but to rant elsewhere.

Busted: Genting casino slammed with fines for breaches

Fines amounted to S$530,000 as CRA found Resorts World at Sentosa guilty of reimbursing the entry levy payable by citizens and PRs to reporters covering an event.

Lufthansa introduces new charges on excess baggage

The german flag carriers says the new rules are in line with new IATA standards, but charges for bringing on a second piece of luggage start at 50 Euros a sector.

Take a sneak peek inside Singapore's most expensive apartment ever

Would you pay $17 million for this 3,000 sq ft condo ?

Property Guru gets $5 million funding

The company will use the money to expand into more markets to compete with its main competitor, iProperty.

NOL caught in EU anti-trust probe

According to a report in Reuters, anti-trust investigators visited the shippers UK offices to "identify the existence of any evidence of infringement of anti-competition rules".

CapitaLand dumps residential site in Shanghai

Part of an ongoing strategy of capital productivity, the divestment of the 144,657 square metre site in Qingpu District is worth approximately S$152.6 million.

Digging overseas: Temasek grabs stake deal with Canadian miner

Subsidiary Ellington Investments closed the $510 million exchange with Inmet Mining to give the state investor approximately 11 percent stake.

Jones Lang LaSalle warns would be condo buyers rates may rise

Continuing low financing environment boosts sales of private housing, according to a report by Jones Lang Lasalle.

No go loan zone: Fitch toughens global RMBS ratings criteria

Naughty insurers aren't paying out full claims on defaults, and Fitch isn't happy.

Fears escalate as rent inflation hits industrial and warehouse space with rents skyrocketing 5.4 per cent in the 6 months to March

And according to research from property firm Colliers, this is a rapid rise compared to a rent increase of just 1.6 % in the preceding year.

Fishy business: China Fishery’s net profit drops 2% to US $46 million

The fish processor was hit by a closure of the Peruvian fishing grounds and the delayed delivery of fish roe to Japan.

Time for Gordon Gekko to ditch the Motorola as Kim Eng launches Android and Blackberry share trading app

Success of the stock brogerage’s iPhone app prompted it to launch on other platforms.

Empty seats: SIA load factor falls to 68.2% as new planes join fleet

Rising capacity pushed the flag carrier's overall load factor down from 69.3 percent in April 2010.

NOL still taking on losses, US$10mln sunk in the first quarter

Still, it's an improvement from the US$98 million lost during the same period in 2010, but shows the shipper still has work to do to right its operations.