Singapore

52% of the 118 properties sold on the Singapore property auction market were residential property sales, totalling S$88.35 million in 2009.

ST Aerospace has renewed a maintenance contract with US Airways worth US$60m (S$82m) over the next three years.

As rents increase, retail properties in Asia Pacific continue to outshine other sectors at circa 3% per annum growth since 2004.

Singapore Technologies Engineering Ltd today announced ST Electronics’ acquisition of the remaining 38.88% equity stakes of Datamark for S$148,000.

Standard Chartered Bank today announced the appointment of Judy Hsu as Group Head, Wealth Management, with immediate effect.

The average salary increase is forecasted to be 3.2 percent in 2010, up from 1.9 percent in 2009, according to a survey by Mercer.

CapitaLand’s wholly owned The Ascott Limited zeroed in on the Eastern European market with the opening of Citadines Tbilisi Freedom Square Georgia.

Food & Beverage entrepreneur Ingrid Prasatya launches flagship restaurant, The Nautilus Project at ION Orchard.

The Memorandum of Understanding by Changi Airports Group establishes a collaborative airports arrangement with Chongqing Airport Group.

Capital values of private industrial space have been on the rise for two consecutive quarters despite the persisting decline in rents.

Singapore Airlines announced various changes to its route network in upcoming months, including cutting its Pakistan and Nanjing flights.

The job market is looking upbeat in the short-term with 14,000 new jobs created in Q3.

Social media platform provider Mozat announced its raising of a Series A founding from venture capitalist JAFCO Asia earlier this year.

Tired of the deadlock that has gripped the FIFA agreements, SingTel and StarHub have joined forces in a joint offer for the massive event. The offer will provide FIFA with an increase in value from four years ago to the rights to the 2010 FIFA World Cup. However both companies say the they will strive to keep costs affordable to as many viewers as possible.

MediaCorp has announced plans to discontinue TVMobile, its free-to-air mobile television broadcast service, on 1 January 2010. When TVM was launched in 2001, it was the only platform that offered quality digital content to public commuters. Said MediaCorp in its announcement: “Inasmuch as TVM provides a rich source of entertainment and information to commuters, the resources required to operate and maintain the service are substantial. Having carefully evaluated the viability of the service, MediaCorp has decided to discontinue the service upon expiry of its current agreement with SBS Transit.”

Flights to Germany’s third-largest city will commence on 28 March 2010.