News

Lufthansa upgrades Singapore ops with A380 on European flights

Lufthansa upgrades Singapore ops with A380 on European flights

The german flag carrier, which just introduced new baggage allowance rules, says it will grow its passenger traffic 25 % to Singapore.

MTI upgrades 2011 economic growth forecast to 5%-7%

Yet continued concerns of Europe’s sovereign debt sustainability, political turmoil in the Middle East and North Africa, and extended industrial activities disruption in Japan threaten growth.

High base effect stumps trade growth

Total external trade may have expanded year-on-year by 12 percent in the first quarter of 2011 but the government said trade growth decelerated.

Asia Pacific Breweries launches S$80mn brewery in Guangzhou

The company intensifies premium brand strategy as it further extends advancement in South China.

Guess how much a private jet from Singapore to Bali is going to cost?

Would be rappers or barons of industry can now find out with the launch of Chapman Freeborn’s “Private Jet” booking iPhone app.

Tiger pounces on Mandala airlines

Tiger Airways today announced its acquisition of a 33% stake in Indonesia's PT Mandala Airlines. And as Mandala undergoes a financial restructuring process, it plans to adopt the Tiger Airways business model.

Irate? Call the hotline if you can.

Communication services of M1 were disrupted yesterday, leaving frustrated customers no choice but to rant elsewhere.

Busted: Genting casino slammed with fines for breaches

Fines amounted to S$530,000 as CRA found Resorts World at Sentosa guilty of reimbursing the entry levy payable by citizens and PRs to reporters covering an event.

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.