News

CapitaLand’s Australand delisted from SGX on 11 October

CapitaLand’s Australand delisted from SGX on 11 October

The exit offer has been completed, and Australand Property Group will be delisted from Singapore Exchange with effect from 9:00am on 11 October 2011.

Energy costs to derail SMRT’s gains from ridership?

This as final two stages of the Circle Line start operations on 8 October 2011.

Property market cools as non-landed home prices post weak growth in 3Q11

It seems like the non-landed segment isn't doing so well as the average resale price of leasehold condominiums grew at a slower pace of 2.5%  in Q3 2011.

Enough already!: SIA adds seats faster than they’re demanded

With 76.6% passenger load factor in August, the airline may continue to suffer drops if it doesn’t stop increasing capacity.

SingTel denies talks of Telkomsel stake sale

This after Indonesia’s Telkom said SingTel is willing to sell its stake in Telkomsel.

45% of finance professionals worldwide say their government is inefficient

And 49% had lost confidence in the economic prospects of their own organizations.

European debt crisis pulls Singapore shares down

Fears of worsening European debt crisis caused steep losses in Wall Street overnight and pulled Singapore shares 3.45 percent lower.

More and more Singaporeans enjoy online shopping

The online shopping market for groceries in Singapore has been growing fast this year, according to statistics of payment service provider PayPal.

Target growth rate for cars to be cut further

Singapore would further cut its cap growth rate for the number of vehicles on the roads next year, Transport Minister Lui Tuck Yew said.

Asian philanthropists now target more strategic giving

In Singapore, individual charity contributions have increased every year since 2006.

Singaporeans report biggest loss of business confidence in Q3 2011

63% are losing business confidence and 80% expect the global economy to stagnate or deteriorate further.

Singapore SMEs optimistic despite economic headwinds

According to Sage Group’s survey, Singapore businesses were among the most confident in the recovery of their country’s economy, while companies in the UK and US were the most pessimistic.

CBD prime office rents stagnant in 3Q11

Average gross rent of office space in Raffles Place was flat at $9.80 psf/month in Q3 2011, after rebounding by 25.6%  in Q1 2010.

UOB plans doubling cross-border business lending

The lender has set up a Foreign Direct Investment Advisory unit to drive the increase in business.

Singapore PMI down to 48.3 in September

This is the third straight time that the manufacturing economy has contracted after having previously recorded 9 months of continuous expansion.

Tiger cries foul over Australian media report

The airline said a report by the Australian Broadcasting Corporation contained various inaccuracies.

Prime housing rents fall for first time in nearly 4 years

Housing rents in prime areas have dropped for the first time in nearly four years, as uncertainty in the global economy meant fewer executives are being hired, according to Jones Lang LaSalle.