News

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.

Loan to finance operations following a 2.3% drop in fourth-quarter profit last month on lower contributions from its overseas units and slowing local growth.

Board asks CEO Tony Davis to solve Aussie grounding and promotes Chin Yau Seng to Executive Director to run existing operations.

Entire fleet grounded for minimum of 5 days as regulator cites safety concerns. Tiger has been hit with a slew of regulator issues and will have to fight it out in court to get back in the air. This is a major blow for the airline which has been competing with Jetstar. The Sydney Morning Herald reported The aviation regulator says it has lost confidence in Tiger Airways' ability to manage its safety after a series of events, culminating in the grounding of the airline's Australian flights. All Tiger Airways Australia's domestic flights were today suspended for a week, until July 9. It's the first time the Civil Aviation Safety Authority (CASA) has grounded an entire airline. The Civil Aviation Authority said it has lost confidence in Tiger, and this is the first time an entire airline has been grounded.

MAS has fined Wong Chow Lin $50,000 and given him a 2-year ban.