News
Ascott Reit gets go-ahead to redevelop Somerset Grand Cairnhill
Ascott Reit gets go-ahead to redevelop Somerset Grand Cairnhill
URA permitted the Ascott Reit to turn the property into an integrated hotel and residential site.
Tiger Airways Singapore and Airtropolis GSA join forces for cargo services
Airtropolis GSA Singapore will sell Tiger’s cargo space on its Airbus A320-family aircraft.
Airports’ non-aeronautical revenues set to take off by 50%
And you’ll never guess what’s driving this growth.
Blimey! SIA plane fails to reach Hong Kong
The Airbus A380 backtracked after 20 minutes following a shutdown of an engine by London-based Rolls-Royce.
What grocery list? Singaporeans rank second most impulsive shoppers in Southeast Asia
But survey shows Singaporean shoppers are also the second most price-sensitive.
Mayday, mayday: SIA Engineering’s profit down 3.8%
Profit for the first quarter of 2011 was $68.1m.
Cheap Cheap: 98% of hawker stalls maintained prices in June
Survey also showed 93.9% of hawker stalls had maintained prices of their food and drinks for the last three months.
Tiger Airways to increase capacity with six additional aircrafts
Additional capacity to allow for frequency increases on existing routes and the start of services to new destinations.
Singapore banks’ loan growth jumped 20% in 5 months
Kim Eng says DBS may profit the most with $719m in 2Q11.
60% of companies worldwide lack on-the-job training
And guess what are the top three strategies for learning in the workplace?
Think tank: Deloitte and EDB launch $10m Data Analytics Institute
The Institute is the second one to be established by Deloitte, joining its flagship facility in the US.
50% of investors worldwide worries over problematic PE fund fees
But 61% is willing to pay more to access better fund managers.
GIC’s 20-year annualised rate of return reaches 3.9%
This rate for year ended March 2011 has improved from 3.8% of the year ended March 2010.
Analyst warns MAS likely to make further losses
MAS’ FX intervention policy has become extremely costly.
Inflation was higher for the rich
And that is because they use cars and petrol, which saw significant price increases.
Southeast Asian banks likely to remain resilient: S&P
Banks in the region are expected to remain healthy despite varying risks and profitability.
Inflation shocker: Prices in Singapore may have surged 5.2% in June
Standard Chartered says transport costs may resume their double-digit rise despite lower fuel prices.
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Commentary
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Liquidity crucial to stock market reform