News

Keppel AmFELS delivers first of four Rowan rigs

Rig delivered on time and within budget with zero incidents.

Keppel AmFELS delivers first of four Rowan rigs

Rig delivered on time and within budget with zero incidents.

Sembcorp, PUB open fifth NEWater plant

Latest and biggest NEWater plant will help meet 30% of Singapore's total water demand.

Biomedical companies invested $800mln in Singapore in 2009

Global biotechnology and pharmaceutical companies that seek to capitalise on Asia's growth story are locating first-in-Asia manufacturing facilities and headquarters offices in Singapore.

Employer CPF contribution rate to go up 1%

Increase goes to Medisave and Special Accounts to help workers build up medical and retirement savings.

Singapore maintains third place in Asia-Pacific office occupancy costs

Analysts expect a modest recovery in the local office market over the next three quarters.

Moody's says Asia Pacific credit trend to keep improving

Global economic recovery, China's economic condition, inflation and appreciation of Asian currencies used as key factors.

SMRT FY2010 profit up 0.1% at S$163mln

Yet results disappointed analysts as company's total operating expenses increased 10% during the global recession.

SingTel to provide vital communications lifeline in war zones

IsatPhone Pro enables business without boundaries to harness innovative applications to enhance user experience.

Singapore's employment in 1Q continued to grow strongly

Total employment is estimated to have grown by 34,000 in the first quarter, the third quarterly increase after two quarters of decline in the first half of 2009.

ST Engineering's electronics arm increases stake in Knowledge Alive

Acquisition to boost capabilities in the area of eLearning, soft skills training and enabling career transition.

Singapore's 2008 overseas investment down by $18.4bln

Country's direct investment and portfolio investment abroad slid down into negative territory.

Ascott Reit achieves S$10.3 million unitholder's distribution for 1Q 2010

Company earned S$20mln 1Q 2010 gross profit as geographical diversification continues to provide group income stability.

Launching: The Sound, 16 @ Amber and Flamingo Valley

The East is in the spotlight this week as new launches in District 15 target a mix of new home owners, investors and families.

Singapore ranks 42nd in spam relaying

Sophos reported Asia is the leading relaying continent with Singapore spreading .55% of world’s spam.

Tiger Airways named Singapore's biggest low cost carrier

2nd Biggest Airline in Singapore feat achieved with only 10 narrow-bodied aircraft.

Foreign equity investment in Singapore in 2008 up 0.6%

Country’s FDI rose 1% but it saw lower returns of 14.3% in 2008.

Changi passenger movements up 16.5% to 9.94mln

Full service carriers accounted for over 50% of the reported growth for the period of January - March 2010.