News

Tiger Airways increases Thailand flights

To serve growing demand, Tiger Airways will double the current frequency of flights to Krabi and Hat Yai in Thailand.

Tiger Airways increases Thailand flights

To serve growing demand, Tiger Airways will double the current frequency of flights to Krabi and Hat Yai in Thailand.

Temasek is not selling its stakes: Shin Corp

Shin Corp Executive Chairman Somprasong Boonyachai clarified Temasek's stakes in the telecoms group and satellite unit Thaicom are not up for sale.

SGX will offer Nifty options

Singapore Exchange has obtained licensing rights and expects to provide S&P CNX Nifty Index (Nifty) options and related products.

Tiger Airways passenger volume up 90% in February 2010

Compared with February 2009, passenger volume almost doubled as Tiger served a total of 437,000 passengers in the previous month.

MAS survey says economy may expand 6.5% in 2010

Surveyed economists also predict a 9.7 percent increase in manufacturing after a 4.1 percent drop in 2009.

REIT markets post double digit positive returns

Attributed to the REIT model’s resiliency, real estate investment trusts are what's giving the property investment sector its way out of the economic downturn.

Lian Beng Group secures $144mln condominium deal

Awarded by UOL Development (Dakota) Pte Ltd, the design-and-build contract covers the construction of 616 apartment units.

Budget for health subsidies up 10% to $2.2bln

The Finance Ministry also topped up Medisave accounts, Medifund and Eldercare Fund by $710mln.

Lippo raised OUE stake via S$957mln deal

Lippo Group has raised its effective stake in Overseas Union Enterprise from 44 percent to almost 89 percent after buying out Malaysian billionaire Ananda Krishnan.

Singapore employers forecast healthy headcount growth

Survey shows the most robust hiring prospects are in the Finance, Insurance & Real Estate sector, where the Net Employment Outlook is +37%.

Qingmei launches IPO in Singapore at S$0.31/share

A total of 184 million shares, with net proceeds of approximately S$44.1 million, are part of Qingmei’s IPO in line with its proposed listing on the SGX Mainboard.

Manufacturing index up 0.5 points in February

Compared with January 2010, Singapore's Purchasing Managers' Index expanded and was at 51.9 points in the previous month.

Government introduces $250mln package for construction sector

The incentives will cover Workforce Development, Technology Adoption and Capability Development.

STB launches $5 million iDigital Scheme

The Singapore Tourism Board introduced the scheme to enable tourism businesses to be digitally-ready and build capabilities in e-commerce.

Marina Bay Sands team moves into property pre-opening

Team members of the Marina Bay Sands have started moving into the Heart-of-House (HOH) for final preparations before the resort's 27 April Preview.

URA launches tender for Yishun Avenue 6 site

The industrial site at Yishun Avenue 6 (Parcel 1) is now for sale by public tender with minimum bid price of S$11.5 million.

New property measures protect Singapore homeowners

Considered most notable is the extension of the second HDB concessionary loan to downgraders.