News

OCBC Bank prices A$500m of senior unsecured notes

OCBC Bank prices A$500m of senior unsecured notes

The notes have been rated Aa1 by Moody’s, AA- by Fitch and A+ by Standard & Poor’s.

Singapore GDP growth falls to 8.3% in Q1 2011

It fell by 3.7% from last year’s 12%.

Tiger Airway’s Aussie grounding could cost it from S$35m-$60m

UOB says Tiger Airways’ losses will accelerate even if the suspension is lifted.

World consumer spending gets a boost from lower petrol prices

15 out of 18 non manufacturing sectors grew through June, a sign that the world economy is back on track.

Government Land Sales a hit

Purchases of Government Land Sales sites made up the bulk of investments in the second quarter.

Foreigners more active in property buys

They accounted for 17.6% of investment deals, compared to 10.5% in the first quarter.

StanChart sued in Singapore for $2m

Thai businessman Chatchai Yenbamroong claims the bank gave him negligent and fraudulent investment information.

Chin Yau Seng now running Tiger, Tony Davis new Australia CEO as airline fights for survival downunder

Aussie regulator applies to extend flight ban as Tiger axes Aussie CEO Crawford Rix and Mr Chin assumes responsibilities of Mr Davis.

Government ‘rides the waves of change’ with eGov2015

eGov2015 was developed with inputs from the people, private and public sectors and will guide public agencies in the implementation of new ICT programmes over the next five years.

Unhappy chappys: Business optimism in Singapore falls by 6%

Cheer up, they are even more pessimistic in Malaysia, but can you blame them?

Lull’s over: Industrial property rentals on a tear in 2Q 2011

Prime factory and warehouse spaces see fastest quarterly growth of 6-7% in average monthly gross rents in 3 years.

Cloud computing pose positive impacts on Singapore telcos

SingTel is well positioned to provide end-to-end cloud-based IT systems for corporate customers, says UOB Kayhian.

CASA’s decision on extending grounding of Tiger Airways possible today

Australia’s Civil Aviation Safety Authority (CASA) confirmed to SBR that it will work all day long today, July 6, to determine if Tiger Airways ban from flying to Australia warrants extension.

Tiger defends safety reputation saying that Singapore regulators had no safety concerns over them

 In a statement relayed to Singapore Business Review this morning, Tiger Airways confirmed that at least for Singapore-based operations, the Civil Aviation Authority of Singapore (CAAS) has no issues on safety.

Temasek raises almost $4b via stakes sale

It sold its stakes in China Construction Bank and Bank of China.

Tiger Airways' losses could top $12 million if grounding continues for up to 40 days

The airline could lose $2 million per week for up to six weeks.

Banking bonanza: Asia-Pac investment banking revenue booms 32% to a record $6.1bn

UBS ranked first with a 5.6% market share in 1H 2011, followed by Goldman Sachs and Credit Suisse.