VIRUS OUTBREAK

Singapore Airlines holds off launch of new First and Business Class seats

SINGAPORE Airlines (SIA) will likely see a delay in the launch of its new First and Business Class seats, which were poised to debut on the Boeing 777-9 in 2022, as the American plane-maker pushes back the entry into service of the 777X jets by a year.

VIRUS OUTBREAK

More aerospace firms jettison jobs; further pain if pandemic drags on

ENGINE maker Pratt & Whitney (P&W) and plane-maker Boeing are the latest among the aerospace firms which have cut jobs in Singapore, with some analysts saying that the aerospace sector may need to brace for more pain if the pandemic drags on.

Airbus cuts jobs in Singapore due to pandemic impact

WITH planes grounded across the region, aircraft maker Airbus has retrenched some of its employees in Singapore as the pandemic erodes business for airline maintenance support services.

Competition to heat up at District 21 with upcoming launch

THE launch of Forett At Bukit Timah will amp up competition in District 21, delivering more options for buyers in the area.

Pratt & Whitney JV in Singapore in talks with unions, 'no employees retrenched yet'

PRATT & Whitney (P&W) has confirmed that its majority-owned joint venture, Eagle Services Asia, is currently in talks with unions but clarified that no employee has been retrenched as yet.

VIRUS OUTBREAK

Air freight rates ease, but yet to come back down to earth

AIR freight rates have eased somewhat from the heights scaled in recent months, but remain elevated owing to the ongoing capacity crunch in the air cargo market.

Singapore Q2 private home prices surprise with 0.3% uptick

PRIVATE home prices in Singapore edged up 0.3 per cent in a surprising turnaround from an initial flash estimate in early July which had the private residential property index declining by 1.1 per cent.

Singapore private home prices rise 0.3% in Q2 in turnaround from flash estimate

DESPITE the ongoing pandemic, private residential prices in Singapore went up by 0.3 per cent in the second quarter, marking a reversal from a flash estimate in early July which had the private residential property index falling by 1.1 per cent.

Prices, rentals of industrial space to remain under pressure this year

PRICES and rents of industrial space are expected to remain under pressure this year, as economic headwinds prevail, although certain segments of the market may prove more resilient.

Prices, rents of industrial space fall in Q2, more downward pressure to come: JTC

PRICES and rentals of industrial space fell year on year in the second quarter and will continue to be under downward pressure in coming quarters due to the pandemic, said industrial land and infrastructure agency JTC Corp.

HOCK LOCK SIEW

Cargo could blunt some of the pain for SIA's Q1 earnings, but recovery remains elusive

FATTER yields in the cargo business could be a bright spot for Singapore Airlines (SIA) when it reports its first quarter update next week.

Second time's the charm as ESR-Reit, Sabana Reit revive merger proposal

ESR-REIT and Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) are taking another crack at a merger after earlier talks in 2017 fell through, seeking to build an enlarged entity to stave off headwinds in a post-Covid world.

BEYOND COVID-19: REPOSITIONING AEROSPACE

Aerospace firms rechart flight path as pandemic grounds carriers

AS BUSINESS nosedives in the wake of the Covid-19 outbreak, aerospace companies here are repositioning themselves for the long, hard road to recovery.

GE2020: PSP team will go further in the next election, says Tan Cheng Bock

THE Progress Singapore Party (PSP) will go further in the next election, said the party's secretary general Tan Cheng Bock, adding that he was proud of the party's performance.

VIRUS OUTBREAK

Rolls-Royce to cut quarter of Singapore workforce

BRITISH engine-maker Rolls-Royce will shed 24 per cent of its workforce in Singapore amid expectations that demand for civil aerospace engines and aftermarket services will take several years to recover from the effects of the pandemic.

Rolls-Royce to cut 240 roles in Singapore due to Covid-19 impact

UK-BASED jet engine-maker Rolls-Royce will cut 24 per cent of its workforce in Singapore as the commercial aerospace market reels from the impact of the Covid-19 pandemic. 

GE2020

Singapore's productivity and median wage have grown by a third in the last 10 years: Tharman

CONTRARY to the "urban myth" that Singapore has failed in its quest to raise productivity, the nation's productivity and median wage have grown by about a third over the last decade, Senior Minister Tharman Shanmugaratnam has said.

PAP has significantly stepped up strategies for inclusivity: Tharman

SENIOR Minister Tharman Shanmugaratnam outlined the People's Action Party's (PAP) strategies for building a more inclusive society in a speech, highlighting that the Covid-19 pandemic makes inclusivity a more important issue.

GE2020: CAMPAIGN HIGHLIGHTS

Creating good jobs for Singaporeans, population growth and foreign labour dominate first week of campaigning

ENSURING good jobs for Singaporeans, population growth and the dependence on foreign labour to drive economic growth are some of the key issues that were raised in the first four days of campaigning.

WP supports broad-based, inclusive economic growth: Sylvia Lim

THE Workers' Party (WP) supports economic growth that is broad-based and inclusive, chairperson Sylvia Lim emphasised in the party's latest episode of Hammer Show, which was streamed Thursday night on Facebook.

BT EXCLUSIVE

SIA group mothballs four more planes in Australia, taking total tally to 22

WITH international travel still largely on hold, the Singapore Airlines (SIA) group has stored four more aircraft Down Under, taking the number of planes parked in Australia to 22.

GE2020: Workers' Party takes on incumbent PAP in fight for Marine Parade GRC

The People’s Action Party (PAP) and The Workers’ Party (WP) will once again go head to head in the battle for the five-seat Marine Parade GRC, in a repeat of the 2015 elections.

HOCK LOCK SIEW

Hotel sector needs to get creative as travellers take a break

AGAINST a backdrop of unprecedented border restrictions, local hotel operators will need to come up with some new and better revenue generation ideas if they hope to improve their dismal numbers for the year.

Mass to mid-tier properties draw interest as showflats reopen after 10-week halt

SALES for new private homes got off to an encouraging start for developers as showflats reopened their doors over the weekend after a 10-week hiatus.

DBS wins Digital Transformation Award

DBS has been named the inaugural winner of the Digital Transformation Award in the Hackett Group’s Digital Awards 2020, marking the first time a Singapore company has been recognised in the Hackett Group’s awards.