News

Singapore taps ST Electronics and Accenture for its intelligent energy project

Singapore taps ST Electronics and Accenture for its intelligent energy project

The initiative will test and evaluate new applications and technologies aimed to deploy a smart grid throughout Singapore.

Wealthy Singaporeans shunning traditional retirement

The latest Insights report from Barclays Wealth revealed that 56% of the country’s high net worth individuals believe they will never retire while 7 out of 10 strongly feel financially responsible for their children.

Asian funds no longer underweight- Morgan Stanley

The Asia Credit Exposure Index (ACEI) rose from 38 to 55 over the past week, according to a report on Asian credit from the financial services firm.

Singapore legal job market to remain vibrant in 2011

Focus on Asia’s private wealth sector will translate to high demand for mid-level corporate and finance legal professionals next year, according to Robert Walters Singapore.

Ascott pioneers own private GDS chain code

The “AZ” code will provide travel agencies with immediate access to over 20,000 apartment units in the international network of the serviced residence company.

Tiger Airways unveils double daily flights to Jakarta

Rights secured for second daily flight with improved schedule, which will start on 11 Jan 2011.

Asia-Pacific carriers' passenger traffic up 8.6%

The region's 15% increase in freight demand significant declined from 22.3% growth recorded in August.

Inflation seen to increase rather than growth

Risks are leaning towards inflation rather than growth as the consumer price index increased to 3.7% in September.

Singapore Exchange lists Anchun International Holdings

Chemical systems engineering and technology solutions provider lists on Singapore bourse with S$141.4mln market capitalization.

DBS invests in Taipei hub and new Taiwan headquarters

The lender to set up subsidiary in 2011, in line with commitment to growing in Taiwan.

Reluctance for M&A persists despite improved market conditions

A global survey conducted by Ernst and Young revealed that only 29% of global businesses are actively seeking acquisition targets, in stark contrast to the appetite for deals six months ago (38%).

ASX and SGX merger marks Asia-Pacific's first major consolidation of exchanges

With the pro forma market capitalisation of the combined group pegged at around US$12.3 billion as of 22 October, the combined group is expected to have an increased weight in selected benchmark indices and will have added visibility among institutional investors globally.

Temasek divests its entire $643mln Hana shares

Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.

New measures slowing growth for private property

The property price index for private property climbed a mere 2.9% to 189.6 in 3Q, the lowest percentage increase for the last few quarters, while growth for the Core Central Region (CCR) was the lowest at just 1.6%.

Nielsen: Media Consumption Levels in Singapore Remain Healthy

The number of exclusive Internet users continues to remain small at 6% as 9 in 10 people still turn to either newspapers or the television daily for news and entertainment.

Bank of Singapore Appoints New Division Heads

The bank names Jean Lee as Executive Director and Head of Human Resource and Ambrose Law as Executive Director and Chief Finance Officer.

Global Direct Real Estate Investment Volumes Constrained by Product Availability in 3Q

Full-year volumes projected to reach up to $290 billion of investment trades globally.