News

With the half-yearly review done, CapitaMalls Asia will be replacing Cosco Corp Singapore as a constituent of the Straits Times Index (STI).

Estimated to be about S$959.4 million, the deal between Fortis Healthcare and TPG Capital will enable the Indian firm to be Parkway's major shareholder.

Made available for sale through the Reserve List system on 8 December 2009, the land parcel will soon be up for public tender for a minimum bid of S$25 million.

Jurong Shipyard has inked the deal with Petrobras to carry out pre-conversion works on the MT SUVA, a Very Large Crude Carrier (VLCC).

To serve growing demand, Tiger Airways will double the current frequency of flights to Krabi and Hat Yai in Thailand.

Shin Corp Executive Chairman Somprasong Boonyachai clarified Temasek's stakes in the telecoms group and satellite unit Thaicom are not up for sale.

Singapore Exchange has obtained licensing rights and expects to provide S&P CNX Nifty Index (Nifty) options and related products.

Compared with February 2009, passenger volume almost doubled as Tiger served a total of 437,000 passengers in the previous month.

Surveyed economists also predict a 9.7 percent increase in manufacturing after a 4.1 percent drop in 2009.

Attributed to the REIT model’s resiliency, real estate investment trusts are what's giving the property investment sector its way out of the economic downturn.

Awarded by UOL Development (Dakota) Pte Ltd, the design-and-build contract covers the construction of 616 apartment units.

The Finance Ministry also topped up Medisave accounts, Medifund and Eldercare Fund by $710mln.

Lippo Group has raised its effective stake in Overseas Union Enterprise from 44 percent to almost 89 percent after buying out Malaysian billionaire Ananda Krishnan.

Survey shows the most robust hiring prospects are in the Finance, Insurance & Real Estate sector, where the Net Employment Outlook is +37%.

A total of 184 million shares, with net proceeds of approximately S$44.1 million, are part of Qingmei’s IPO in line with its proposed listing on the SGX Mainboard.

Compared with January 2010, Singapore's Purchasing Managers' Index expanded and was at 51.9 points in the previous month.