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Archive for Singapore Business News

Singapore’s sovereign credit rating remains stable

Singapore’s sovereign credit rating remains stable
By Pamela Almeda, Channel NewsAsia | Posted: 30 May 2008 2325 hrs
SINGAPORE: International ratings agency, Moody’s, said it has no immediate plans to review its sovereign credit rating for Singapore as the country has strong credit fundamentals, including robust external assets.
Singapore has the highest triple-A sovereign rating from Moody’s, [...]

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Global investors see opportunities in nanotechnology in S’pore

Global investors see opportunities in nanotechnology in S’pore
By Timothy Ouyang, Channel NewsAsia | Posted: 28 May 2008 0025 hrs
SINGAPORE: Global investors said they are seeing a lot of investment opportunities in nanotechnology opening up here in Singapore.
The comment comes a day before the first ever NanoEquity Asia conference kicks off in Singapore. The conference [...]

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New virtual world makes S’pore Asian hub

New virtual world makes S’pore Asian hub
By Hedirman Supian, TODAY | Posted: 09 May 2008 1204 hrs
SINGAPORE: German-based tech startup Metaversum is planning to make Singapore the Asian hub for its new 3D virtual world Twinity, and it is counting on the local market to reach out to other countries in the region.
Currently in [...]

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Inflation to hit Singapore harder than US economic slowdown

Inflation to hit Singapore harder than US economic slowdown
By Rachel Kelly and Jonathan Peeris, Channel NewsAsia | Posted: 08 May 2008 2050 hrs
SINGAPORE : Inflation is a more serious problem for Singapore and other Asian economies than an economic slowdown in the United States, according to HSBC’s senior Asian economist, Robert Prior-Wandesforde.
He said if [...]

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PM Lee says Singapore will continue to develop financial sector

PM Lee says Singapore will continue to develop financial sector
By Wong Siew Ying, Channel NewsAsia | Posted: 06 May 2008 2209 hrs
SINGAPORE: Prime Minister Lee Hsien Loong said Singapore will continue to develop the financial sector as more activities are being moved to the city-state.
Mr Lee, who was speaking to 120 bankers at the [...]

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SingTel joins consortium to bid for Singapore’s new broadband network

SingTel joins consortium to bid for Singapore’s new broadband network
By Rachel Kelly, Channel NewsAsia | Posted: 05 May 2008 1817 hrs

SINGAPORE - Singapore Telecommunications (SingTel) has joined a consortium of firms in a bid to build the ducts and wirelines for Singapore’s planned ultra high-speed broadband network.
SingTel said in a statement on Monday that [...]

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Singapore’s largest private Lasik centre eyes regional prospects

Singapore’s largest private Lasik centre eyes regional prospects
Posted: 02 May 2008 2232 hrs
SINGAPORE : Singapore’s largest private Lasik centre has just opened its doors to tap into the growing demand for laser corrective eye surgery in Asia.
Shinagawa Lasik Centre is a joint venture between the public and private sectors aiming to tap into Singapore’s growing [...]

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Singapore dollar hits record high against US dollar

Singapore dollar hits record high against US dollar
Posted: 23 April 2008 1452 hrs
SINGAPORE - The Singapore dollar hit a record high against the greenback on Wednesday after inflation in the city-state rose and amid fears of a US recession.
The Singapore unit hit a peak of 1.3463 to one US dollar before falling back to [...]

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F1 race expected to generate tourism receipts of about S$100m

F1 race expected to generate tourism receipts of about S$100m
Posted: 22 April 2008 1641 hrs
SINGAPORE: Trade and Industry Minister Lim Hng Kiang on Tuesday said the upcoming F1 race is expected to generate additional tourism receipts of about S$100 million this year alone.
Some 30 to 40 per cent of the spectators at the September [...]

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Pump prices would have risen more if S$ had not firmed against US$

Pump prices would have risen more if S$ had not firmed against US$
By Chio Su-Mei, Channel NewsAsia | Posted: 22 April 2008 1654 hrs
SINGAPORE: Pump prices in Singapore would have risen more had the Singapore dollar not strengthened against the US dollar.
Senior Minister of State for Trade and Industry S Iswaran said that while [...]

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