News

Mixed-use concept eyed for Stamford Road-North Bridge Road property

Mixed-use concept eyed for Stamford Road-North Bridge Road property

Residential units located in the junction are estimated to sell for above $2,000 psf with Perennial Real Estate and Chesham Properties’ plan to redevelop the 1.43 hectare area.

Prime office rents in Asia Pacific seen to increase by 9% by year end

A report from DTZ Research said that the property market is estimated to grow at an average of 4.7% in 2011 following growth in the office leasing sector across the region in Q3.

Can't Find Workers: You Are Not Alone

Job vacancies in the service sector are at record highs, leaving many companies unable to fill key positions.

Moody's reviews Suntec for possible downgrade

The real estate trust’s intention to acquire interests in Marina Bay properties through debts might put its Baa1 corporate family rating and Baa2 unsecured debt rating in a precarious position.

Tiger Airways to launch its biggest ever "Winter" schedule

The carrier targets up to 20% more seats compared to last year with additional routes.

Singapore taps ST Electronics and Accenture for its intelligent energy project

The initiative will test and evaluate new applications and technologies aimed to deploy a smart grid throughout Singapore.

Wealthy Singaporeans shunning traditional retirement

The latest Insights report from Barclays Wealth revealed that 56% of the country’s high net worth individuals believe they will never retire while 7 out of 10 strongly feel financially responsible for their children.

Asian funds no longer underweight- Morgan Stanley

The Asia Credit Exposure Index (ACEI) rose from 38 to 55 over the past week, according to a report on Asian credit from the financial services firm.

Singapore legal job market to remain vibrant in 2011

Focus on Asia’s private wealth sector will translate to high demand for mid-level corporate and finance legal professionals next year, according to Robert Walters Singapore.

Ascott pioneers own private GDS chain code

The “AZ” code will provide travel agencies with immediate access to over 20,000 apartment units in the international network of the serviced residence company.

Tiger Airways unveils double daily flights to Jakarta

Rights secured for second daily flight with improved schedule, which will start on 11 Jan 2011.

Asia-Pacific carriers' passenger traffic up 8.6%

The region's 15% increase in freight demand significant declined from 22.3% growth recorded in August.

Inflation seen to increase rather than growth

Risks are leaning towards inflation rather than growth as the consumer price index increased to 3.7% in September.

Singapore Exchange lists Anchun International Holdings

Chemical systems engineering and technology solutions provider lists on Singapore bourse with S$141.4mln market capitalization.

DBS invests in Taipei hub and new Taiwan headquarters

The lender to set up subsidiary in 2011, in line with commitment to growing in Taiwan.

Reluctance for M&A persists despite improved market conditions

A global survey conducted by Ernst and Young revealed that only 29% of global businesses are actively seeking acquisition targets, in stark contrast to the appetite for deals six months ago (38%).

ASX and SGX merger marks Asia-Pacific's first major consolidation of exchanges

With the pro forma market capitalisation of the combined group pegged at around US$12.3 billion as of 22 October, the combined group is expected to have an increased weight in selected benchmark indices and will have added visibility among institutional investors globally.