News

SingTel is well positioned to provide end-to-end cloud-based IT systems for corporate customers, says UOB Kayhian.

Australia’s Civil Aviation Safety Authority (CASA) confirmed to SBR that it will work all day long today, July 6, to determine if Tiger Airways ban from flying to Australia warrants extension.

 In a statement relayed to Singapore Business Review this morning, Tiger Airways confirmed that at least for Singapore-based operations, the Civil Aviation Authority of Singapore (CAAS) has no issues on safety.

It sold its stakes in China Construction Bank and Bank of China.

The airline could lose $2 million per week for up to six weeks.

UBS ranked first with a 5.6% market share in 1H 2011, followed by Goldman Sachs and Credit Suisse.

Total securities trading turnover also rose 7% yoy to $28.1 billion in June.

The shipping industry could face shaky waters if demand lags amidst entry of new and bigger vessels.

Its strategy now is chartering 70% of overall capacity, making it flexible to reduce fleet count during a slowdown.

Asia Pacific corporate issuers raised a record $176.5b, up 38% from last year’s $127.8b.

Cross region outbound volume fell by 19%, according to Dealogic.

Only 15% rated others high on graciousness but 43% gave themselves high graciousness ratings.

Commercial property rents remain high despite the foreseen entry of as much as 3mln sq ft of new office space.

This following slow CCR sales during the Chinese New Year period.

More cautious buyer sentiments are seen particularly in the mass segment.

Customers will soon be able to watch Pay TV content with their preferred operator sans any extra fee.