News

Singapore coal miner Straits Asia Resources announced yesterday that it entered into a five year club financing facility for US$380m.

ST Engineering announced today that its US shipyard, VT Halter Marine, has been awarded a US$87m (about S$121m) contract with the U.S Navy.

Las Vegas Sands chairman Sheldon Adelson has estimated annual earnings for the upcoming Marina Bay Sands to be over a billion dollars.

Singapore Airlines has launched SIA Mobile, its latest service allowing customers to use their mobile phones to book flights and access selected KrisFlyer services.

Tiger Airways has lodged its preliminary prospectus with the Monetary Authority of Singapore to be listed on the Singapore Exchange Securities Trading Limited.

StarHub today announced the launch of Singapore’s first MMS Mobile Paper service featuring news and current affairs from China. The affordable subscription-based mobile value-added service will allow China nationals living in Singapore to stay in touch with news from home, and help others interested in China to stay abreast of what is happening there. Once subscribed, the MMS Mobile Paper will push news and features on China to users on a regular basis, giving them up-to-date information at their fingertips. “Interest in China is rapidly growing with more businesses requiring up-to-date information on the latest developments in the world’s fastest growing economy. We are excited to offer to our mobile customers a service where they can keep themselves informed of developments within the country. We also believe that this customer-friendly service will be of great use to our base of customers who are Chinese nationals, and help them stay abreast of what’s happening at home. We hope to extend this service to other publications from across the world in the coming months,” said Mr Chan Kin Hung, Head of Products and Solutions, StarHub.

Gross rents of prime first-storey retail space in Orchard/Scotts Road increased by 1.0% to after falling 7.3% in previous four quarters.

Marina Bay Sands SkyPark is set to finish its heavy lifting works in the coming weeks.

More than 100,000 employers, employing about 1.4 million local workers, will receive $900 million from the fourth payment of Jobs Credit by 24 December 2009.

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.

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.