News

Paramount Hotel and Shopping Centre for sale by tender

Paramount Hotel and Shopping Centre for sale by tender

The property is a prime redevelopment site in District 15 accessible to Changi Airport, CBD and Orchard Road.

Major investment transactions for industrial properties up to $835.7mln

CBRE expects rents for factories to continue to rise at slower pace in fourth quarter.

Available property investment capital targeting Asia up 29%

DTZ Research predicts 22% increase in available capital for global real estate investment next year to US$281bln

Wilmar barely affected by Indonesian moratorium

The company believes Indonesia has enough non-forest degraded lands to accommodate growth of plantation businesses.

COSCO Guangdong delivers 57,000 dwt vessel to European buyer

18.00 meters high, 32.26 meters wide, and 189.99 meters long bulk carrier is named ALMYROS.

Mapletree Industrial to raise $1.19 in IPO

Offers 594,913,000 units with total gross proceeds of about S$1.19bln to be raised starting on Wednesday.

Hiring in Singapore back to pre-crisis levels

Hays Quarterly Report reveals tight job market and shortage in construction due to the ongoing Circle Line project.

SPRING sets up enterprise development centres for SMEs

EDCs to conduct workshops to educate SMEs on productivity and to tap available government assistance schemes.

K-REIT Asia to acquire one-third interest in Marina Bay Financial Centre

In turn, signed agreement with Keppel Land for S$573mln purchase of Keppel Towers and GE Tower.

Tiger Airways reports 43% increase in passengers

5.6mln passengers chose to fly with carrier from October 2009 to September 2010.

Pan Pacific Hotels & Resorts launch guest loyalty program

The hotelier will offer its reward program across Global Hotel Alliance’s 12 brands and 300 hotels.

Sembcorp Marine Bags Ship Repair Contract From Carnival Corporation

The company will repair, refurbish and upgrade some of the cruise vessels of the world’s largest cruise operator.

Keppel delivers FPSO P-57 to SBM for Petrobras

255,272-dwt tanker’s upgrading into P-57 was completed at Keppel Shipyard earlier, with shipyard receiving S$1mln bonus.

Boustead subsidiary to construct water treatment plant

Boustead Salcon Water Solutions has received contracts from all three major power generation corporations in Singapore.

Travel publications inducts SilkAir into hall of fame

Regional arm of Singapore Airlines joins its parent company in TTG Publishing’s distinguished few.

China Cargo Airlines joins Changi Airport's cargo network

Third all-cargo carrier to commence operations to Changi this year with 12 weekly flights.

PPL Shipyard to build US$364mln 2 jack-up rigs

Deal with options another 3 jack-up rigs from Atwood Oceanics reaffirms confidence in market.