News

A record 4.9mln passengers flew with Tiger in FY09

In the year ended 31 March 2010, the number of passengers that chose Tiger Airways saw a 54% increase compared to the previous year.

A record 4.9mln passengers flew with Tiger in FY09

In the year ended 31 March 2010, the number of passengers that chose Tiger Airways saw a 54% increase compared to the previous year.

Sembcorp Marine's order book declined 38.6%

The marine and offshore engineering group is investing in three new shipyards as part of its expansion plans following a decline in its order book from S$9.0 billion FY2008 to S$5.5 billion in FY2009.

CapitaMalls puts up S$2bln EMTN Programme

The Euro-Medium Term Note Programme, established by CapitaMalls Asia Treasury Limited, will be unconditionally and irrevocably guaranteed by CapitaMalls Asia Limited.

Temasek now owns 5% stake: Cosco

The state investor has become a substantial shareholder of Cosco, next to China Ocean Shipping (Group) Company.

A*STAR and EDB launch MEMS consortium

Bringing together 8 MNCs and local enterprises, the collaboration aims to grow Singapore’s Micro-Electro-Mechanical-Systems industry.

URA to launch first sale site in Jurong Lake District

Located next to the Jurong East MRT station, the district’s first sale site at Jurong Gateway Road has a land area of 1.9 ha and a potential gross floor area (GFA) of about 107,000 sqm of space.

Nominations for Ernst & Young Entrepreneur Of The Year 2010 open

Program supports need for entrepreneurship and globally competitive enterprises.

SGX seeks views on Nikkei Dividend Index Futures

Comments on contract can be posted on SGX website from until 19 April.

Hong Kong beats Singapore again -- as the most expensive place to do business

The gap between Singapore and Hong Kong in terms of office rents has widened further – from 45 percent as of end December 2008 to 67 percent in 2H 2009.

Expats stranded as Barang Barang bust and MD resigns in family affair

After filing for voluntary liquidation in February, Barang Barang announced its Managing Director Lim Kok Hui had resigned “for new prospects” as facebook customer groups go nuts.

Nomura and Barclays save Singapore office market

The arrival of big banks at the new Marina Bay Financial Centre may signal a turning point for grade A office space as rents bottom out and leasing picks up.

More signs residential market slowing as price rises abate

You may want to hold back on buying that property with latest URA figures showing a slowdown in residential prices, which rose 5.1% in the three months to March compared to 7.4 % in the previous quarter.

Bankrupts celebrate as they can get an annulment and wipe the slate clean

Like an unhappily married partner, new laws will allow Singaporean bankrupts who have their bankruptcy anulled to have any record of it expunged from the record.

Warning signs as residential market slows

It may just be the beginning of a trend, but after almost a year of increases, volume of residential property sales declined 8.5% quarter-on-quarter as industrial property sales overtook.

Singapore's housing sector set new price records

1Q 2010 resale price index estimates expected to increase 2.7% to 154.9 as demand flourishes.

Council for Third Age & POSB launch Active Card

Singaporeans at least 45 years old are now further protected against fraud or theft while also enjoying healthcare privileges with the launch of the Active Card.

Property companies may be in the spotlight

Stocks of Singapore property companies are potentially hot on Monday with home prices still rising after recent record transactions.