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Singapore-Saudi Arabia DTA takes effect 1 July

Singapore-Saudi Arabia DTA takes effect 1 July

The two countries’ agreement for the avoidance of double taxation clarifies taxing rights.

Olam launches $1.25bln syndicated term loan facility

Part of the proceeds will be used for the expansion of the company’s supply chain management business.

COSCO secures $356mln contract

Two units of jack-up drilling rig will be built for KS Drilling.

Metro profit down to $81.9 million

But they have higher revenue as the property and retail segments bring a whopping 16.1% increase in revenue to S$175.2 million.

Singapore launches IP Competency Framework, ideas2IP

The Intellectual Property Office of Singapore has launched two nationwide initiatives namely the Intellectual Property Competency Framework  and ideas2IP.

Noble Group launches $2.25bln loan facilities

Amounts borrowed will be used to refinance some of the company’s debt.

Ascott opens 10th properties in Malaysia, Indonesia

PJ in Malaysia and Jakarta are latest additions as group aims to grow to 14,000 rooms.

Changes to world audit standards ill advised

And businesses are being laden with higher costs, says the Association of Chartered Certified Acountants.

Caterpillar opens remanufacturing facility in Singapore

Faster repairs for are on the way for Cat customers.

Arthur J. Gallagher acquires Singapore broker ITI Solutions

Gallagher Singapore promises clients access to its global resources and relationship-driven culture which they say can add significant value to companies based in Singapore.

IT wholesaler Distribution Central opens Singapore branch

The Australian based company says its clients want its unique business model in Asia.

URA launches tender for Tuas View Square site

Bidding price for the land parcel will not be less than $4,888,888.

Alleged irregularities push COSCO shares down

Shares of COSCO dropped as much as 3.5 percent to S$1.96 following negative publicity.

Keppel and Dynamic Offshore Group ink US$180mn jackup rig deal

Order from Dynamic Offshore Group shows that the KFELS B Class design continues to be the preferred jackup choice for drilling operators.

Asia Pac security appliance market grew 14% to $1.1 billion in 2010

Highly publicized cases of security breaches brought the security appliance market a whopping $1.1 billion revenue in 2010 as companies try to protect their sensitive information.

SBF signs MOU with SIMTech for research collaboration

The partnership will assist local manufacturing and services companies develop R&D capabilities.

56% of Asia Pac financial services firms unaware of security threats

And out of those who are mindful of their firms' exposures, 37% could not provide details of the events, said IDC Financial Insights.