News

Fortis clarifies Singh's statement

Fortis clarifies Singh's statement

The company said Mr. Singh’s remarks has meant to state that the SIC has given Fortis until 30 July 2010 to announce whether or not the Company intends to make an offer for Parkway.

Employers to receive final payment from Jobs Credit

IRAS will give a total of $230mln to more than 100,000 employers on 30 June.

Singaporeans splurging again as spending capability rises 9.4 %

Markets saw an accrual in consumer spending as 65% of customers plan spending on dining and entertainment.

DBS authorises US$10 billion debt issuance programme

One of Asia's biggest financial institutions has established a Debt Issuance Programme to issue senior debt securities (the “Notes”).

Waterfront Gold introduces skypark in luxury project

Residents will be the first in country to enjoy skypark for leisure, relaxation and workout.

Keppel O&M clinches $50mln marine contracts

The group’s yards in Singapore and the Philippines build 3 transshipment barges to be deployed in Indonesia.

Grade A office vacancies soar in Q2 2010

Grade A office vacancy rose from 5.5% in Q1 2010 to 6.4% this quarter but Office Services say this is an anomalous finding.

Moya Dayen terminates former deputy chairman

The Catalist-listed environmental engineering firm terminated the services of John Lee Thian Guan, claiming he breached his employment contract by entering into a consultancy agreement with Dowtec.

Businesses risk losing 55% of dissatisfied customers

Eighty-four percent of Singapore consumers revealed they will give more business to a company that has a contact centre open 24 hours and seven days a week.

CapitaCommercial confirms rumours of potential StarHub Centre sale

CapitaCommercial Trust Management Limited released statement on Thursday saying that the company is evaluating all options with regard to the asset plan for the property.

Inflation fears return as CPI rises to 3.2%

Singapore’s inflation held at a 14-month high in May as the island’s economic rebound boosted food, housing and car prices.

Morgan Stanley rejects Khazana's Parkway bid as 'not compelling'

Morgan Stanley said Khazanah's offer is reasonable but not compelling as $3.78/share bid below average for Singapore takeovers.

SGX launches Asia's first Dividend Futures

Nikkei Dividend Point Index Futures contract reached a total volume of $23.1mln.

Asian millionaires equal European counterparts in number

Merrill Lynch reports a 26% rise of individuals with $1mln of investable assets to 3mln in 2009.

Casino-related crime rising warn analysts

Asia’s most livable city’s 684 per 100,000 per-capita crime rate may surge with casino openings.

SGX lists Treasury China Trust

TCT is the second China-focused trust in SGX with a market capitalization of $430mln.

Launching: The Scala at Serangoon Avenue 3

HDB upgraders are expected to be the majority of buyers, while price is pegged at an average of $1,100 psf.