Singapore

Business as usual: Changi Airport operations unaffected by Qantas plane distress

Business as usual: Changi Airport operations unaffected by Qantas plane distress

An updated statement from CAG said Runway 2, which has remained closed since the landing, will reopen later today while flights have continued to take off and land at Runway 1.

DBS Bombshell results: killer new strategy pays off

The bank's 3Q earnings rise 28% from 2009 to a record S$722m while net interest income rose 1% from the previous quarter to  S$1.08 billion as the benefit of loan growth was offset by continued softness in interest rates.

Sluggish activity in key industries dragging down Singapore economy's growth

The economy might have grown 15.5% yoy for the first three quarters of this year, but Q3 also marked the first qoq saar contraction since Q4 2009 at -19.8% qoq saar.

Changi Airport, Qantas deny Aussie plane crash

In a statement, CAG said that QF 32, an A380 aircraft from the Australian carrier, turned back to Changi for technical reasons.

Rotary Engineering posts record revenues of S$544.7m for 3Q10

The EPCM company’s income exceeded last year’s figure of S$404.9m by 35% and turned in profit after tax of S$37.8 million, up 35% from S$28.1 million a year ago.

SGX ADR volume reaches $60m; alternative trading venue draws investors

Interest in ADRs of companies with primary share listings in Hong Kong, accounted for a significant portion of the activity as the cost advantage, convenience and longer trading hours of SGX-quoted ADRs drew investors.

Ascott strengthens position in China with 3 new properties

Properties in Wuhan, Tianjin and Xi’an are part of the developer’s target to achieve 12,000 apartment units in China by 2015.

Pan Pacific Hotels names David Donald General Manager of PARKROYAL Parramatta

Donald’s strong operations background, his knowledge of the property and of Parramatta earned him the position.

Roxy-Pacific third quarter profit up 42% to S$8.9mln

The developer posted 44% revenue surge from its core Property Development segment as it launched 4 residential projects.

Standard Chartered Securities joins SGX as clearing and trading member

The bank's admission brings the number of Clearing Members for SGX’s securities market to 28 and the number of Trading Members to 29.

Carbon reduction – can it be that simple?

Buildings responsible for at least 40% of the world’s greenhouse gas emissions can implement some simple tried-and-tested actions—some costing less than SG$170,000—to reduce their carbon footprint.

Singapore 7th most expensive place in the world to rent office space

With a rate of US$13.38 per sq. ft. per year for industrial space, the country joins Hong Kong and Tokyo as the three Asian cities with highest leases for 1H10.

Residential collective sales gaining momentum

Collective sale transactions in Singapore (y-t-d) amount to S$975.64 million, with over 90% of this total resulting from sale of properties in areas such as Balestier and Serangoon.

Changi Airport jacks up fees, introduces new service charges

Passengers who depart from the airport to take their connecting flights will have to pay a Passenger Service Charge (PSC) or Passenger Security Service Charge (PSSC) of S$9.00 and S$3.00, respectively, starting April 2011.

Hiring on hold: 70% of Singapore companies putting off recruitment until 2011

After receiving an influx of new employees in the first half of 2010, retaining top performers is now the priority of 60% of businesses for the remainder of the year.

DBS on Tiger Airways' profit jump: good performance but you need a strong finish

The carrier’s revenues for 2Q11 might have risen by 35% yoy, but the bank says the figure could have been higher.

URA launches the tender for the hotel site at Robinson Road/Boon Tat Street

A historically building, designed in the Neo-classical style, is included in the site near Raffles Place and Marina Bay.