News

Telco rivals StarHub and SingTel compete yet again for broadcast rights, this time for the 2010 soccer World Cup.

The Monetary Authority of Singapore today signed a Memorandum of Understanding (MOU) with the Central Bank of Bahrain.

After much deliberation, both StarHub and M1 have finally announced plans to launch the iPhone 3GS in Singapore on 9 December 2009.

The hedge fund firm is concretising its expansion in Asia with a new office in the island country.

2010 is projected to be a great year for job seekers in Singapore as hiring is predicted to reach pre-recession rates, says a survey by Manpower Singapore.

The Urban Redevelopment Authority has revealed the event line up for 2010 to mark the completion of key developments in Marina Bay.

Tiger Airways is set to welcome 2010 with an initial public offering to help finance its Airbus A320s purchase.

The infrastructure and logistics group will be the sole supplier of ready-mixed concrete to Samsung C&T Corporation for its two MCE parcels.

SPH MediaBoxOffice will be launching a large facade LED screen and an in-mall video wall today in Orchard Road's newest shopping mall, 313@Somerset.

The Singapore Mercantile Exchange has received “in-principle” regulatory clearance from the central bank to start commodity derivatives trading in 2010.

UBS, Credit Suisse, and Citigroup forecast further gains for Singapore stocks in 2010 due to earnings estimates. The country's Straits Times Index is expected to rise to approximately 3,180 by the end of next year. Pegged at 14 percent, the foreseen increase is backed by continued upgrades in earnings estimates, according to Credit Suisse Group AG and UBS AG in a report by Bloomberg. As of 3:41 p.m. on 2 December 2009, the index was at 2,786.03.

Work may be a little harder to come by in the global recession, but it seems that older workers are having an easier time than their younger counterparts.

Engineering and steel contractor Yong Nam has been awarded the contract for Marina Coastal Expressway, a deal worth S$21.5 million. The dual five-lane, 5km long expressway will be a strategic underground east-west transport linkbetween three major expressways, catering to the anticipated increase in traffic volume generated by the high-density developments in the Marina Bay area.

Singtel has announced its plans to launch a new channel Russia Today on 1 December. The channel is produced by global content management and delivery company GlobeCast, a subsidiary of France Telcom. The 24/7 English-language channel covers news, world affairs and human-interest stories, as well as featuring special interviews, documentaries and current affairs in contemporary Russia, though its main focus will be the news. The channel will be offered free to all mio TV subscribers. “We are pleased to welcome Russia Today onto mio TV,” said Mr Tim Carmichael,Vice President of mio TV,SingTel.“This further enhances our already diverse range of channels from around the globe, and will help us reach out to an even wider audience.” Russia Today has received many journalism awards including the Silver World Medal for Best News Documentary from New York Festivals, Special Jury Award in the Best Creative Feature category at Media Excellence Awards in London and Russia's most prestigious broadcasting award TEFI in Best News Anchor category.

Agreements made include a signed contract agreement between Sun Isles Resort & Clubs Pte Ltd and Penglai Economic Development Zone with a S$100 million estimated investment value.

Changi Airport Group (CAG) has launched a strategic programme designed to enhance CAG’s partnership with airlines to drive Singapore Changi Airport’s growth.