News

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.

Glencore International AG will expand its trading operations in Singapore by buying more than half of Chemoil Energy Ltd.

New guidelines will ensure telecommunications companies offer consumers better deals.

Consumers in Singapore are expected to keep dishing out the dollars on dining out, electronics and clothes for the next six months.

Construction and support services provider Swiber Holdings Ltd. announced a Letter of Award today from a major oil company in South East Asia worth US $81.4 million.

A schizophrenic Q3 had property prices manically picking up with spots of panic-selling in august, while the months of November and December finally calm the nerves of industry players as property markets exhibit a steady increase.

Singapore Exchange Limited and the Association of Financial and Commodity Traders launched an algorithmic trading initiative to upgrade professional traders’ skills last Friday.

The plant, which is one of the largest mono-ethylene glycol plants in the world, was launched last Friday, 11 December.

Independent Directors of Sino-Environment Technology Group were granted court orders to restrain their executive directors from selling any major assets.

An alternative settlement scheme for RMB 1.5 billion convertible bonds will ease cash flow pressures on Delong Group.