News

It's official: Singapore is getting cheaper

Okay, it's only by 0.4 percent, but latest figures show Singapore actually got cheaper in the last six months of 2009 as deflation hit.

It's official: Singapore is getting cheaper

Okay, it's only by 0.4 percent, but latest figures show Singapore actually got cheaper in the last six months of 2009 as deflation hit.

Genting gets casino license

The Singapore government has awarded Genting Bhd., Asia's largest publicly traded casino operator, and its Singapore unit a casino license, giving them the go-signal to cash in on the holiday crowd.

Samsung C&T inks deal on Singapore's first LNG terminal

Samsung C&T Corp. has sealed its bid to build Singapore's first liquefied natural gas terminal, Singapore's Energy Market Authority revealed.

SingTel customer base up by 23%

SingTel has registered strong growth in customer acquisitions with a combined regional mobile customer base of 285 million as at 31 December 2009, a 23 percent increase or 52 million from a year ago.

Keppel seals S$140M shipbuilding contracts

Keppel Singmarine, the specialised shipbuilding arm of Keppel Offshore & Marine Ltd, has secured three newbuilding contracts amounting to about S$140 million.

Seat glitch delays Singapore Airlines A380 delivery

Singapore Airlines Ltd joined the growing list of carriers reeling from design drawbacks from a Japanese supplier, prompting it to delay the introduction of its 11th Airbus SAS A380.

DBS expands in China and India, cuts dependence on Singapore

In a bid to reduce reliance on its Singapore home market, DBS Group Holdings Ltd., Southeast Asia's biggest bank, is instead looking at expanding its operations in China and India without pursuing acquisition.

Singapore residential property weekend roundup: Centennia Suites Hot

Last weekend saw an uptrend in high end properties with hot interest in Centennia Suites, developed by The Lippo Group, along River Valley Road.

StarHub reports net profit of S$319.7m due to higher revenue

Decrease in taxation and lower interest expenses were cited as other factors contributing to StarHub's 2.7 percent year-on-year growth in net profit.

DBS posts S$2.06 billion net earnings for 2009

DBS outdoes itself by breaking records including growth in net interest income to S$4.46 billion and 17 percent rise in profit before allowances.

Singapore office market remains lukewarm in Q4 2009

CB Richard Ellis study showed prime office rents in Singapore fell despite increased activity of tenants.

Singapore Airlines to launch new cabin offerings

To provide additional space and comfort for its passengers, Singapore Airlines is set to launch new cabin products on some of its Boeing 777-200 aircraft starting late February.

Singapore posts strong recovery in real estate investments

Singapore joined other Asian countries in witnessing property investment upsurge in the second half of 2009.

DBS inaugurates new headquarters building in Shanghai

Singapore's largest bank continues to grow its branch footprint in China with the inauguration of DBS Bank Tower located in Lujiazui.

Tiger Airways celebrates feat with a promo

Airline offers 120,000 seats at zero cents after it reached its twelve millionth passenger.

Singapore's wealthiest man Ng Teng Fong dies

The patriarch of Far East Organization, estimated to be worth $8 billion, passed away on Tuesday, a spokesperson said.

Keppel's Alpha unit in talks to buy $130 million China apartment block

Keppel Land’s unit Alpha Investment Partners is in exclusive negotiations with Morgan Stanley Real Estate Asia to acquire the Jinlin Tiandi complex in downtown Shanghai.