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  • United launches longest flight to or from US

    October 27, 2017 10:59 PM 18

    United Airlines on Friday was set to launch the longest non-stop flight to or from the United States, an 8,700-mile (14,001-kilometer) journey connecting Los Angeles and Singapore. The nearly 18-hour flight will depart Los Angeles at 9:25 pm local time and will land on Sunday in Singapore at 6:20 am local time. United officials said the daily service

  • Rosier outlook for Singapore economy

    October 27, 2017 9:32 PM 10

    Singapore's economic recovery is gathering pace due in part to a sustained increase in global electronics demand, the Monetary Authority of Singapore (MAS) said. While pockets of weakness remain in some sectors, growth is broadening beyond trade-related industries, with economic expansion expected to remain steady in the coming year, the central bank noted

  • Planet Payment agrees to be bought by Fintrax Group

    October 27, 2017 6:59 PM 9

    Long Beach-based Planet Payment, seen Friday, Oct. 27, 2017, is being acquired by Fintrax Group in a deal that is expected to close by year's end. (Credit: Newsday / Alejandra Villa) Shares of Planet Payment Inc. climbed 17 percent Friday after the Long Beach-based processor of credit card transactions announced that it had agreed to be acquired by Fintrax

  • Singapore’s 2018 economic growth likely to 'moderate' from this year: MAS

    October 27, 2017 11:16 AM 8

    SINGAPORE: The Republic's economic growth is expected to remain firm in 2018 though expansion could moderate slightly from this year, the Monetary Authority of Singapore (MAS) said in its latest macroeconomic review released on Friday (Oct 27). The central bank expects Singapore's gross domestic product (GDP) to come in at the upper half of the 2 to 3 per cent forecast

  • Suntec REIT's NPI jumps 11.6% to $63.9m in Q3

    October 27, 2017 8:01 AM 6

    Revenue from Suntec Singapore and its office portfolio continued to go up. Suntec REIT delivered incredible results in Q3 as net property income (NPI) jumped by 11.6% YoY to $63.9m. According to OCBC Investment Research, gross revenue also rose by 10.6% YoY to $91.1m. This was driven by higher revenue from Suntec Singapore and the office portfolio due largely

  • Nippon Steel executive says to keep alliance with Kobe Steel

    October 27, 2017 7:25 AM 6

    TOKYO - Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, plans to keep its alliance with Kobe Steel Ltd, including cross-holding of shares, despite Kobe Steel's admission that it had falsified quality data, an executive said. Toshiharu Sakae, Nippon Steel's executive vice president, told a news conference on Friday. "It's a general framework

  • Private home prices rise by 0.7 per cent in Q3, confirming earlier signs of recovery

    October 27, 2017 6:09 AM 6

    SINGAPORE — In a further sign of a recovery in the private home market, latest data from the Urban Redevelopment Authority (URA) showed a 0.7 per cent increase in private home prices in the third quarter of the year, confirming an uptick seen in flash estimates earlier this month. The figure released by the URA on Friday (Oct 27) is slightly higher than that given

  • Singapore economy on path to recovery, to see steady growth in 2018: MAS

    October 27, 2017 4:00 AM 9

    SINGAPORE - Singapore's economic recovery is gathering pace, with growth rates accelerating over two straight quarters thanks largely to a sustained increase in global electronics demand, the Monetary Authority of Singapore (MAS) said on Friday (Oct 27). While pockets of weakness remain in some sectors, growth is broadening beyond trade-related industries

  • Office rents rise 2.4% in Q3, prices up 0.4%: URA data

    October 27, 2017 2:19 AM 8

    SINGAPORE - Rents and prices of office space both increased in the third quarter, according to latest final data from the Urban Redevelopment Authority (URA) on Friday (Oct 27) as take-up rose and the vacancy rate fell. Rents increased by 2.4 per cent compared with the decline of 1.1 per cent in the previous quarter, while prices edged up by 0.4 per cent after

  • CDL Hospitality Trusts' NPI up 15.9% to $40.4m in Q3

    October 27, 2017 1:57 AM 9

    Thanks to contributions from new acquisitions and NPI growth from New Zealand. CDL Hospitality Trusts' (CDLHT) net property income (NPI) went up 15.9% YoY to $40.4m. According to OCBC Investment Research, the increase was mainly due to the inorganic contribution from The Lowry Hotel in Manchester, which was acquired 4 May 2017, and the Pullman Hotel