Singapore

The land parcel is well positioned to be an attractive commercial and residential development and very accessible to major transportation modes.

The world’s largest Shari’ah-Compliant REIT opens its doors to a pool of investors who require their investments to be made in accordance with Shari’ah investment principles.

ASL Marine (ASL SP) has proposed a bonus issue of shares in the proportion of 4 bonus shares for every 10 existing ordinary shares to improve trading liquidity of its shares. Under this proposal, up to a total of 120.6m bonus shares will be issued.

But things are slowing up with just a 2.2% growth over September, pointing that we may be close to the peak. According to HSBC, the number points to a pick up in activity in Q4 led by pharmaceuticals, but output growth will slow next year with the end to the global restocking cycle. Still, with capacity to remain tight despite the slowdown in growth to a more sustainable pace, the MAS has to continue its tightening stance.

The bank says growth in 2011 is projected to slow to 4.7% (from 4.5%) y-o-y after bouncing back at “Formula 1 speed” for the first half of this year.

D’Leedon will be the first condominium in Singapore to be designed by internationally-renowned Pritzker Architecture Prize winner Zaha Hadid.

The government's move to put up 14,300 housing units for 1H11 indicates its resolve not to restrict supply that leads to continual asset inflation.

The rig bound for Norway will be operational in water depths of 400 feet, drilling depth of 30,000 feet and accommodate 120 men.

Air traffic growth is returning to a more normal pattern with global passenger demand 5% above and freight is 1% above pre-crisis levels of early 2008.

The company sees sustained growth as demand for fish is expected to remain robust while seafood prices are also on a positive trend.

The airline launches its eighth Indonesian destination to further boost travel between the two countries.

COMM,a Japanese media company, has launched its first English title. Best Car (Singapore) is Asia’s first Japn’asian Car and Lifestyle Magazine, with motoring content from the heart of the Asian Auto Industry.

New shipyard signs service arrangements with eight major fleet owners.

Civil servants will receive at least 3 months in bonus payments at the year-end, according to PSD, in addition to the ½ month bonus and $300 received in July, according to OCBC.

 

The latest Superbrands survey also revealed that while four Singapore brands made it to the top ten list, NTUC FairPrice is the highest ranked homegrown brand.