News
Property affordability weakened amidst 46% decline in launches
Property giant Capitaland reported that the rise in property cost in Singapore has weakened affordability and indicated a debt service ratio of 39% at IQ’10 but “remains healthy".
Property affordability weakened amidst 46% decline in launches
Property giant Capitaland reported that the rise in property cost in Singapore has weakened affordability and indicated a debt service ratio of 39% at IQ’10 but “remains healthy".
DBS eyes 20% staff surge in China
Majority of hire to be designated at retail banking arm as lender seeks growth.
Total trade dropped by 1.7 percent in May compared to April
On a m-o-m SA basis, Non-oil Domestic Exports decreased marginally by 0.1 percent in May 2010 due to lower sales of non-electronic NODX.
Parkway Holdings caught in control battle
Malaysia's Khazanah made a $835 million offer to lift its stake amidst plans of India's Fortis Healthcare to build a controlling stake in Singapore-based Parkway.
Yongnam seals $35.9mln contract for Marina Coastal Expressway
Total contract value for Yongnam’s all six contracts for MCE is $363mln.
Tiger Airways to install advanced 3-D weather radar
Honeywell’s IntuVue enhances safety and comfort for passengers while providing efficiency and reduced costs for airline.
Launching: The Concorde
The Concorde forms the cluster of condominiums acquired by CDL within the vicinity of The Albany, Thomson Mansions, Bright Building and Balestier Court.
Construction bust looms as firms begin first layoffs in almost two years
Overall unemployment fell down to 2.2% while redundancies remained at around pre-recession quarterly levels.
Developers put the brakes on new launches as buyers hold
Sales volume seen to moderate further by 15% to 35% in June.
Singapore and Malaysia mulling on slashing roaming rates
Regulators discuss with operators to lower rates by 30% for voice calls and 50% for SMSes.
URA sets tender for Clemenceau Avenue/Havelock Road hotel site
Developer committed more than $40.8mln bid price for the 0.55 ha land parcel.
SingTel to pioneer 3D TV in the region
Company will provide infrastructure to allow local broadcasters to play out 3D content for Singapore’s national 3D TV trial.
Port of Singapore defeats 19 other nominees
Named ‘Best Seaport in Asia’ and ‘Best Green Service Provider – Seaport’ to remain as the port of choice in the region.
Singapore Airlines to offer daily Munich-Manchester flights
Will increase flights from 5 times weekly to daily and upgrades Singapore-Germany flights to 21 per week.
ST Engineering secures $66.5mln project in Brunei
Project constitutes integrated Sungai Paku waste management and Sungai Akar engineered landfill project.
Delisting looms over NEL Group if unable to meet deadlines
No extension beyond the 9 December 2010 deadline will be granted to NEL Group for the company to complete and announce its audited accounts of FY 2008 and FY 2009.
SGX reprimands E3 Holdings and 6 directors
SGX to report violation on listing rules and failures of corporate governance to MAS.
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