And here's what you need to know about SIA's deal with Boeing.
Singapore unveiled a set of strategies that reinforce its long-standing commitment to economic openness, as the trade-dependent nation seeks to drive growth in the next decade after a “dark shift in mood away from globalisation.” The country should deepen its international connections and improve the capability of its people and companies to adapt to new geopolitical and economic realities, according to recommendations released Thursday by the Committee on the Future Economy. These adjustments will enable the economy to grow on average 2 percent to 3 percent a year, said the committee, led by Finance Minister Heng Swee Keat and Minister for Trade and Industry S. Iswaran. Read more here.
When one of the richest men in the world launches his first luxury residence project in the country, you know it is probably going to be, well, luxurious. And so it is with Reignwood Hamilton Scotts. Built by the Reignwood Group of Dr Chanchai Ruayrungruang, it is his first foray into Singapore’s property market. It is also freehold. It is at 37 Scotts Road. It has only got 3-bed and penthouse units. And it is exceptionally swish. With an average price of around $10 million per unit so far, so it should be. But once you’ve seen the displays of light that are actually a laser guidance system working to power the sky lift that takes your car to your sky garage, you’re probably sold already. Click here to read full story.
Boeing Co. won orders for 39 wide-body aircraft from Singapore Airlines Ltd. as Southeast Asia’s biggest long-distance carrier upgrades its fleet over the next decade with more fuel-efficient models in an effort to cut costs. The airline agreed to buy 20 777-9s, which are set to debut at the decade’s end, and 19 787-10s, the longest Dreamliner model, for $13.8 billion at list prices that don’t reflect customary discounts, Singapore Air said in a statement on Thursday. Boeing was nearing an order for at least 35 wide-body aircraft from Singapore Air, Bloomberg News reported Wednesday. Get to know the full story here.
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