Singapore Airlines Ltd is extending by more than a week the deadline to buy out all the the shares in Tiger Airways Holdings Ltd, the unprofitable budget airline it listed less than six years ago.
The Singapore government has further trimmed supply of sites in its industrial land sales programme for the first half of next year due to what analysts said was huge supply and the struggle by developers to sell older stock.
Overall prices of completed condomimium and apartment units reversed course and dropped 0.6 per cent in November from the previous month, with shoebox units hit with a bigger 1.2 per cent price decline, according to Singapore Residential Price Index (SRPI) flash estimates released on Monday (Dec 28).
Anchor Resources, a gold mining group, lodged its preliminary offer document for an initial public offering (IPO) on the Catalist board of Singapore Exchange on Monday. Headquartered in Malaysia, the group is engaged in the business of exploration, mining, processing and production of gold, and the processing of ore into gold for sale in Malaysia.
The Ministry of Trade and Industry (MTI) will release the advance estimates for Singapore's gross domestic product (GDP) for the fourth quarter and the full-year 2015 on Jan 4 at 8 am.
Thailand's exports fell for an 11th straight month in November and by more than expected, while imports fell again, showing the trade-dependent economy is still sputtering 19 months after the army took power.
Gold dropped on Monday (Dec 28) as investors weighed the outlook for inflation in the US for clues on the likely pace of interest rate increases by the the Federal Reserve in 2016. Bullion for immediate delivery lost as much as 0.4 per cent to US$1,071.72 an ounce and was at US$1,073.77 at 11:50 am in Singapore, according to Bloomberg generic pricing. The metal gained 0.9 per cent last week as the US dollar fell.