News

iDirect Government Technologies appoints proxy board to enhance VT Systems' ability to continue bringing satellite-based IP communications.

Proceeds to be used for the company’s general working capital and general corporate funding.

But cooperation between Singapore and Malaysia is needed to pursue each of their respective national and economic objectives.

Domestic Supply Price Index increased as a result of higher oil prices, Statistics Singapore said.

More than $8.4 billion worth of foreign investments in the manufacturing and services sector came in for the previous year.

In the latest year-on-year Industrial Production Index, Singapore recorded a near 40% growth, UBS said.

The rebound in trade shown in the last three months of 2010 is seen to be temporary, UBS said.

From January 2010 to December 2010, Tiger Airways carried a total of 5.8 million passengers.

Stocks of raw materials and semi-manufactured goods fell for the second quarter in 4Q10, HSBC said.

The real estate company plans to launch 1,700 private homes this year and has already started marketing The Nassim and Urban Resort Condominium to its well-heeled clientele.

SGD corporate bond issuance may impede low interest rates, according to OCBC.

Foreign reserves increased to US$225.75 billion in December, OCBC said.

Ongoing Eurozone debt crisis and the lacklustre US labor market are expected to hinder the growth of Singapore's non-oil domestic export, OCBC said.

Domestic bank loans are expected to drop due to the high base and housing loan segment, OCBC said.

Hong Kong Airlines will operate both freighter and passenger services to Singapore from 14 January 2011 and 15 January 2011 respectively.

The potential award of the long awaited Petrobas tenders will help get offshore yards back in the limelight.