News

PST buys 2 ships for US$123.2mln

PST buys 2 ships for US$123.2mln

The shipping company acquires two new DWT Capesize Bulk Carriers saying it is now shifting to the non-container sector.

77% of businesses relate competitiveness to broadband network

Study showed that a strong Internet network and an ICT savvy workforce are crucial for a city’s competitiveness.

Angels to bless start-up entrepreneurs

SPRING Singapore will administer the Angel Investors Deduction Scheme to help seed and nurture innovative start-ups.

Visitor arrivals to Singapore up 30.3% in May

With 14 out of 15 markets registering growth, visitor arrivals reached 946,000 in May 2010.

Fortis clarifies Singh's statement

The company said Mr. Singh’s remarks has meant to state that the SIC has given Fortis until 30 July 2010 to announce whether or not the Company intends to make an offer for Parkway.

Employers to receive final payment from Jobs Credit

IRAS will give a total of $230mln to more than 100,000 employers on 30 June.

Singaporeans splurging again as spending capability rises 9.4 %

Markets saw an accrual in consumer spending as 65% of customers plan spending on dining and entertainment.

DBS authorises US$10 billion debt issuance programme

One of Asia's biggest financial institutions has established a Debt Issuance Programme to issue senior debt securities (the “Notes”).

Waterfront Gold introduces skypark in luxury project

Residents will be the first in country to enjoy skypark for leisure, relaxation and workout.

Keppel O&M clinches $50mln marine contracts

The group’s yards in Singapore and the Philippines build 3 transshipment barges to be deployed in Indonesia.

Grade A office vacancies soar in Q2 2010

Grade A office vacancy rose from 5.5% in Q1 2010 to 6.4% this quarter but Office Services say this is an anomalous finding.

Moya Dayen terminates former deputy chairman

The Catalist-listed environmental engineering firm terminated the services of John Lee Thian Guan, claiming he breached his employment contract by entering into a consultancy agreement with Dowtec.

Businesses risk losing 55% of dissatisfied customers

Eighty-four percent of Singapore consumers revealed they will give more business to a company that has a contact centre open 24 hours and seven days a week.

CapitaCommercial confirms rumours of potential StarHub Centre sale

CapitaCommercial Trust Management Limited released statement on Thursday saying that the company is evaluating all options with regard to the asset plan for the property.

Inflation fears return as CPI rises to 3.2%

Singapore’s inflation held at a 14-month high in May as the island’s economic rebound boosted food, housing and car prices.

Morgan Stanley rejects Khazana's Parkway bid as 'not compelling'

Morgan Stanley said Khazanah's offer is reasonable but not compelling as $3.78/share bid below average for Singapore takeovers.

SGX launches Asia's first Dividend Futures

Nikkei Dividend Point Index Futures contract reached a total volume of $23.1mln.