Singapore

MAS acts on DBS Bank's online service outage

MAS acts on DBS Bank's online service outage

Required lender to set aside additional S$230mln to its risk-weighted assets for operational risk.

DJR proposes delisting of Eastern Asia Technology from SGX

The investment holding company said it has lost competitiveness while faced with increasing global competition.

Singapore is Asia's most expensive country for construction

Construction cost in Singapore is almost 7% higher than in the UK.

Tiger Airways celebrates 15mln passengers with 15-cent fares

Flights to Bangkok, Jakarta, Manila (Clark), Haikou and Macau priced at $15 plus taxes.

Singapore's 6.1% office rental growth is region's third highest

European debt crisis could hamper further growth of office space rental in the next quarters.

Ascott Reit bestows 773,988 property units as manager fees

The CapitaLand Limited’s subsidiary receives the Ascott Reit units for a price of S$1.1919 each, aside from the cash payment of S$922,516.81 as management fees.

COSCO seizes two contracts worth US$70 mln

The marine engineering company has claimed the rights to build two bulk carriers of 92,500 dwt each due on November 2011 and January 2012, respectively.

Massive flow of foreign money into Asian stocks, Bonds

OCBC Bank is reporting a massive flow of money into Asian stocks and bonds over the last week, which is one factor behind the continued strength of the Singapore dollar.

Singapore unlocks potentials of nanoimprinting technology

Gives industry access to research eco-friendly technology that turns ordinary material surfaces into multi-role surfaces.

Sembcorp Marine profit up 28% to $176mln

Said increase was for the second quarter but Group's turnover down 27% while operating profit was 21% higher and pre-tax profit rose 26%.

Trading in Singapore Exchange grows in July

Securities daily average trading in July up 16% while that of futures and options increased 8%.

Changi Airport ready for 2010 Youth Olympic Games

Assigns dedicated immigration lanes for athletes while putting up sports carnival and live screening of games across terminals.

Singapore's prime rents up 3% in the second quarter

Despite demand growth, Asia's increased level of office space enquiries didn't immediately translate into leasing deals.

CapitaLand subsidiary acquires remaining 39.24% stake in Eurimeg

Takeover empowers group to exercise full management control over decisions for serviced residences.

Singapore Airlines strikes deal with Changi Airport and STB

Tie-up to make Singapore a premiere holiday destination by enabling tourists to visit new attractions.

ST Engineering profit up 34% to $124mln

Said figure was for the second quarter of the year while $2.2bln of company's $11.3bln order book is expected to be delivered in the second half of 2010.

July manufacturing and electronics PMI expected to moderate

These are in comparison with June readings of 51.3 and 50.5.