News

In 2011 YTD, the number of ETFs increased by 29.5% with 59 new ETFs launched.

Its container shipping line APL is ‘slow-steaming’ or reducing vessel speed to cut fuel consumption and control costs.

Offer and asking prices are said to be not seeing eye to eye.

Theme park operators have six months from 1 July 2011 to appoint one as part of new regulations.

Air Asia ordered 200 Airbus A320neo aircraft worth US$18.5 billion,  the largest ever Airbus deal by number of aircraft as well as the largest ever order for aircraft in the A320 family.

“Based on our various discussions and our assessment of the present expectations of key stakeholders, we do not believe that we will be able to arrive at a value creating merger, said Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group.

The top bid for a URA residential site opposite West Coast came in at $175.8m or $461 per square foot per plot ratio, compared to analysts’ forecast of $580 psf ppr.

This amidst robust demand conditions and the tightness of labor markets.

The country ranked 9th amongst the best cities for doing business.

Shopping becomes a national pastime with 80% of Singaporeans unable to resist a good bargain.

The country got 77.9, just 0.4 points from China who took the top spot.

This would be 11.3% higher than Q1’s sales volume of 3,595 units, says CB Richard Ellis.

BoS expands as its earning asset base delivers strong growth in the first five months of 2011, reaching US$36.3 billion.

The country is expected to rise as the new center of wealth management in the world, overtaking Switzerland and London in the next two years, says PwC.

China was Singapore's second largest partner in 2010, with total trade amounting to S$95 bn, says HSBC.

Shortage of office space in Hong Kong is driving expanding companies to set up their regional bases in Singapore.