News

Lufthansa introduces new charges on excess baggage

Lufthansa introduces new charges on excess baggage

The german flag carriers says the new rules are in line with new IATA standards, but charges for bringing on a second piece of luggage start at 50 Euros a sector.

Take a sneak peek inside Singapore's most expensive apartment ever

Would you pay $17 million for this 3,000 sq ft condo ?

Property Guru gets $5 million funding

The company will use the money to expand into more markets to compete with its main competitor, iProperty.

NOL caught in EU anti-trust probe

According to a report in Reuters, anti-trust investigators visited the shippers UK offices to "identify the existence of any evidence of infringement of anti-competition rules".

CapitaLand dumps residential site in Shanghai

Part of an ongoing strategy of capital productivity, the divestment of the 144,657 square metre site in Qingpu District is worth approximately S$152.6 million.

Digging overseas: Temasek grabs stake deal with Canadian miner

Subsidiary Ellington Investments closed the $510 million exchange with Inmet Mining to give the state investor approximately 11 percent stake.

Jones Lang LaSalle warns would be condo buyers rates may rise

Continuing low financing environment boosts sales of private housing, according to a report by Jones Lang Lasalle.

No go loan zone: Fitch toughens global RMBS ratings criteria

Naughty insurers aren't paying out full claims on defaults, and Fitch isn't happy.

Fears escalate as rent inflation hits industrial and warehouse space with rents skyrocketing 5.4 per cent in the 6 months to March

And according to research from property firm Colliers, this is a rapid rise compared to a rent increase of just 1.6 % in the preceding year.

Fishy business: China Fishery’s net profit drops 2% to US $46 million

The fish processor was hit by a closure of the Peruvian fishing grounds and the delayed delivery of fish roe to Japan.

Time for Gordon Gekko to ditch the Motorola as Kim Eng launches Android and Blackberry share trading app

Success of the stock brogerage’s iPhone app prompted it to launch on other platforms.

Empty seats: SIA load factor falls to 68.2% as new planes join fleet

Rising capacity pushed the flag carrier's overall load factor down from 69.3 percent in April 2010.

NOL still taking on losses, US$10mln sunk in the first quarter

Still, it's an improvement from the US$98 million lost during the same period in 2010, but shows the shipper still has work to do to right its operations.

Booming commodity prices push Singapore's offshore trade up 50.5% to US$700bn

And the good news is that trading jobs actually grew 18.5 % with 11,250 new jobs created.

Oops. April exports fell by 1.8% year-on-year

Don't panic yet, but the drop in non-oil domestic exports resulted in total exports growing by just 5% which is well below the 12.7% recorded in March.

Private home sales in April surged 29% month-on-month

Excluding executive condominiums, a total of 1,788 residential units were sold buoyed by steady buyer confidence seen since February.

April NODX seen to slip to 8.7%

Headline NODX is expected to record a slightly softer growth, down from 10% in the previous month.