News

MTI's Lim calls for R&D investment

MTI's Lim calls for R&D investment

Minister for Trade and Industry Lim Hng Kiang urges industries to lay down their money on investments that will strengthen companies' R&D capabilities.

Asia Pacific Breweries unit takes over Rock Ember

The brewery acquired 75% stake of Rock Ember Limited from CHC Trustees.

MAS: Singdollar stands firm

Singapore Dollar will remain strong amidst China's announcement on weekend that it will give the Yuan more space for flexibility.

MasterCard strikes deal with Resorts World Sentosa

MasterCard Worldwide signs a “strategic” agreement with Resorts World Sentosa today, giving it full access to promote the world-class integrated resort to its cardholders.

Property affordability weakened amidst 46% decline in launches

Property giant Capitaland reported that the rise in property cost in Singapore has weakened affordability and indicated a debt service ratio of 39% at IQ’10 but “remains healthy".

DBS eyes 20% staff surge in China

Majority of hire to be designated at retail banking arm as lender seeks growth.

Total trade dropped by 1.7 percent in May compared to April

On a m-o-m SA basis, Non-oil Domestic Exports decreased marginally by 0.1 percent in May 2010 due to lower sales of non-electronic NODX.

Parkway Holdings caught in control battle

Malaysia's Khazanah made a $835 million offer to lift its stake amidst plans of India's Fortis Healthcare to build a controlling stake in Singapore-based Parkway.

Yongnam seals $35.9mln contract for Marina Coastal Expressway

Total contract value for Yongnam’s all six contracts for MCE is $363mln.

Tiger Airways to install advanced 3-D weather radar

Honeywell’s IntuVue enhances safety and comfort for passengers while providing efficiency and reduced costs for airline.

Launching: The Concorde

The Concorde forms the cluster of condominiums acquired by CDL within the vicinity of The Albany, Thomson Mansions, Bright Building and Balestier Court.

Construction bust looms as firms begin first layoffs in almost two years

Overall unemployment fell down to 2.2% while redundancies remained at around pre-recession quarterly levels.

Developers put the brakes on new launches as buyers hold

Sales volume seen to moderate further by 15% to 35% in June.

Singapore and Malaysia mulling on slashing roaming rates

Regulators discuss with operators to lower rates by 30% for voice calls and 50% for SMSes.

URA sets tender for Clemenceau Avenue/Havelock Road hotel site

Developer committed more than $40.8mln bid price for the 0.55 ha land parcel.

SingTel to pioneer 3D TV in the region

Company will provide infrastructure to allow local broadcasters to play out 3D content for Singapore’s national 3D TV trial.

Port of Singapore defeats 19 other nominees

Named ‘Best Seaport in Asia’ and ‘Best Green Service Provider – Seaport’ to remain as the port of choice in the region.