News

Losses from the month-long grounding of its Australian fleet will hurt the injured Tiger even more.

A title it holds for eight quarters in a row now as office rents rose by 6.2% to $8.90 per sq ft per month in 2Q11.

But Japan is an exception, as debt problems intensified in the recent months, according to Standard & Poor’s.

The industry’s new business premiums amounted to a whopping $941.5m.

That is if more than one candidate stands nominated for election at the close of nominations on 17 August.

Pacific Star Group rated Singapore as top destination for office property investment in Asia.

Changi Airport will now use advanced fibre sensor technology for its perimeter fence.

Shanghai led PE exits in Asia with US$3.7b.

And 45% of Asia Pac online consumers said they are currently in recession.

Singapore was named Asia's Top Convention City and ranked fifth globally next to Vienna, Barcelona, Paris, and Berlin.

Panasonic will install photovoltaic systems to supply renewable energy to lifts, water pump and lighting.

Electronics PMI also fell to 49.5.

Muthukrishnan Ramaswami, acting chief financial officer of Singapore Exchange, said the bourse has no plans to pay a one-time dividend and would like to maintain a healthy cash balance going forward.

And Singapore delivered pre-tax profit of US$327.

Citigroup’s Singapore unit denied wrongdoing after an 88-year-old partly deaf client claimed he was misled by his banker.

But continued appreciation of Sing dollar may impact inbound tourist numbers as well as spending.