In Focus

“We spend $7.4 billion a year to keep aviation secure, and passengers should be able to get from curb to boarding gate with dignity,” says IATA chief in Singapore as it unveils “Checkpoint of the Future”.

Mr Tharman Shanmugaratnam cited pandemics, natural disasters, political upheavals and sharp economic cycles as some of the challenges.

Mr Lee Yi Shyan attributed our strong economic rebound to manufacturing, with the sector surging 29.7% in 2010.

Of all the components, Sightseeing & Entertainment (including Gaming) posted the highest growth of 321%.

New York City remains the world’s most expensive retail destination, with Hong Kong and Sydney at second and third place.

Ten other retailers face six-month suspension and fines for selling cigarettes to underage youth.

The shipbuilder clarified their vessel building contracts were entered into with subsidiaries of Sevan Drilling and not with its financially struggling parent Sevan Marine.

Spending on education slumped 11.5 % over the last year, according the boffins at the Statistics department.

Blame it on the biomedical manufacturing cluster which saw a 22.6% year-on-year decline. Under this cluster the pharmaceuticals segment declined 23.6% as a result of a different mix of active pharmaceutical ingredients being produced.

But its Malaysian competitor is not worried, saying businesses should stick to what they know best.

It is a stunning figure only revealed yesterday, and brings in to question the strategy and even viability of its operations downunder.

The decrease was arrived at after removing the price effect.

This after US equity markets ended lower overnight.

At the swearing-in of the new cabinet, Mr S R Nathan urged “all Singaporeans to come together and help build a better future” for the nation.

OCBC branches at SMU and NTU being renamed "FRANK" - no, really.

Court of Appeal has junked the case involving two European banks who appealed to recover a total of $59 million taken by former APB finance manager Chia Teck Leng.