News
Khazanah wins bidding war for Parkway
Khazanah wins bidding war for Parkway
OCBC Investment Research advised shareholders to accept Khazanah's S$3.95 per share offer, valuing Parkway at S$4.5bln.
Singapore receives 26.7% more visitors in June
Record 950,000 arrivals were mostly by tourists from Indonesia, Malaysia, India, Australia, and China.
StarHub to launch iPhone 4 on July 30
StarHub’s mobile service perfect complement to iPhone 4 with its multitude of content and applications.
HDB launches S$7 bln debt programme
HDB, which houses 82% of Singapore’s resident population, introduces a medium term note programme that will finance its development programmes and raise working capital.
Manufacturing output sinks 23.4% in June on an m-o-m basis
The transport engineering cluster tallied the only decline among output clusters as the marine and offshore engineering fell 17.0% in June.
Singapore Airlines earnings rebound with $253mln profit
Carrier reports resurgence in freight may be sustained but the rate of growth may slow down.
StarHub adopts Huawei's smartphone signalling solution
Solution enhances network performance by reducing 56% of redundant signalling loads and improving mobile broadband connectivity.
Global real estate markets continue upswing
Rents in Singapore have started to rebound in Q2 with 2.9% growth following steep falls.
Singapore's food products land on China's shelves
Supermarkets in Guangdong, Beijing and Shanghai were supplied with products from 21 Tasty Singapore food manufacturers.
ST Electronics seizes S$4.6 mln contract for 30 trains in Brazil
ST Engineering’s electronics arm will design, manufacture and commission the on-train Passenger Information Systems for Concessao Metroviaria Do Rio de Janeiro.
SGX EURO STOXX 50 futures to debut in Asia
The agreement is expected to provide one-stop access to Asian and European equity market aside from trading opportunities in SGX and Eurex.
Tiger Airways bested APAC airlines in ancillary revenues global ranking
Providing the only Eastern challenge to older and bigger Western carriers, the airline achieved high scores for its budget fares.
Consumers face higher costs of transport, housing and food
The consumer price index moved up by 2.7 percent in June 2010, with higher prices of cars and petrol contributing to the 10.3 percent increase in the cost of transport.
Keppel delivers Seadrill's 5th KFELS jackup rig
Partnership has yielded a fleet of 14 rigs worth US$1.5bln.
MAS and China's PBC establish bilateral currency swap
Arrangement will provide worth S$30bln liquidity in both Chinese Yuan and Singapore dollar.
Frasers Centrepoint 3Q10 net property income up 46%
Eyes further growth as $72mln rejuvenation and enhancement of Causeway Point has started.
COSCO strikes US$500mln deal to build drillship
The vessel is designed to drill wells in international oilfields with high efficiency and safety in harsh environments.
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform