Singapore

Ascott Reit achieves S$10.3 million unitholder's distribution for 1Q 2010

Ascott Reit achieves S$10.3 million unitholder's distribution for 1Q 2010

Company earned S$20mln 1Q 2010 gross profit as geographical diversification continues to provide group income stability.

KICTeam expands world-wide cleaning expertise to Singapore

Singapore unit to supply distribution partners with specialised transaction equipment cleaning products used in all industries.

Launching: The Sound, 16 @ Amber and Flamingo Valley

The East is in the spotlight this week as new launches in District 15 target a mix of new home owners, investors and families.

Singapore ranks 42nd in spam relaying

Sophos reported Asia is the leading relaying continent with Singapore spreading .55% of world’s spam.

UOB Asset Management awards fund administration to BNY Mellon Asset Servicing

BNY Mellon selected due to its robust global infrastructure capable of supporting administration needs in Asia.

Tiger Airways named Singapore's biggest low cost carrier

2nd Biggest Airline in Singapore feat achieved with only 10 narrow-bodied aircraft.

Foreign equity investment in Singapore in 2008 up 0.6%

Country’s FDI rose 1% but it saw lower returns of 14.3% in 2008.

Changi passenger movements up 16.5% to 9.94mln

Full service carriers accounted for over 50% of the reported growth for the period of January - March 2010.

CapitaLand beefs up business development with new subsidiary

Ascott Holdings (Europe) Pte Ltd, CapitaLand's latest indirect wholly-owned subsidiary has issued and paid-up share capital of S$1 comprising 1 ordinary share.

Singapore hosts Asia Fashion Exchange

Singapore prepares to launch its own world-class fashion week featuring a complete array of fashion events.

URA takes over the secretariat function for the Street and Building Names Board

SBNB role will give URA power to further extend the urban heritage of nation's landmarks.

Western Digital(R) to acquire Hoya's magnetic media operations

Acquisition better positions WD to meet anticipated future demand for hard drives.

DBS to invest $150mln in a Myo Capital fund

Lender eyes minority stake on fund to benefit from distressed debt, bonds, leveraged debt in Asia-Pacific.

OpenNet goes into commercial operation

Nation's optical fibre network company set to offer ultra high speed Next Gen NBN.

Memtech Q1 2010 profit up US$1mln

Robust sales and enhanced operational efficiencies brought in company profit from losing territory.

ST Electronics subscribes to US$700,000 capital call

Singapore Technologies Engineering Ltd's electronics arm subscribed to the capital call in proportion to its 50% shareholding in GFM Electronics.

Tiger Airways adds Trivandrum to its destinations

In addition to recently announced flights to Tiruchirappalli, Tiger Airways will start flying to Trivandrum, India come November this year.