Singapore

Vessel arrivals in 2009 may have risen by 10.1 per cent increase from 2008, but these vessels are coming in increasingly emptier.

The acquisition of distressed energy equipment for US$17.1million is expected to extend the SGX-listed firm’s scope of services greatly.

The Singapore-Israel Industrial R&D Foundation invested S10.6 million four 4 new research projects by Singaporean companies.

Asia Pacific Breweries Limited today announced that it has issued a second series of Notes of S$40 million.

Keppel Land’s latest residential township project is located in Ho Chi Minh City’s prime District 2 site.

Despite a more optimistic economic outlook, Singaporeans are choosing to focus on increasing their savings.

Exploit Technologies, the commercialisation arm of Singapore Agency for Science, Technology and Research (A*STAR) appointed Mr Tan Gee Paw and Mr Philip Lim as the Chairman and Chief Executive Officer respectively.

The construction unit of United Fiber System (Unifiber) won the contract from Guocoland Group for a 12-storey condominium development project.

The life insurance unit of Singapore’s second-largest lender by market value will be purchased by Prudential Plc for S$428 million ($306 million).

Visitor arrivals to Singapore are set to increase in 2010, but the hotel operating environment will remain challenging.

The Housing and Development Board launched its two new BTO projects Choa Chu Kang and Buangkok Vale yesterday.

The first part, specifically four hotels, of Genting Singapore's casino resort will be open on 20 January 2010, three months ahead of its rival's target.

Resorts World Sentosa will begin its opening in phases from that date, starting first with the opening of its four hotels.

Singapore’s GDP contraction of 6.8 per cent in Q4 of 2009 is largely due to a 38.4% plunge in the manufacturing sector.

This is the first time the airline will own its own aircraft instead of leasing, which will allow it to drop operating costs and offer even lower airfares.

Boustead Singapore Limited has announced its engineering division has secured S$68 million in contracts from the oil & gas industries globally.