Bizview: Today's top business news

Residential sites in Hougang and Punggol up for sale

The Housing & Development Board (HDB) on Tuesday launched tenders for two residential sites - at Yio Chu Kang Road and Sumang Walk. The Yio Chu Kang Road site, which was released for sale by public tender under the confirmed list of the Government Land Sales Programme for the second half of the year, comes with a 99-year lease period.

SIA says it has 74.5% of Tigerair shares, short of 90% needed for delist offer to take off

Singapore Airlines disclosed on Tuesday (Dec 29) - the day after its offer to take Tiger Airways private was originally set to expire - that it owns, controls or has agreed to acquire about 74.5 per cent of the budget carrier's shares - short of the 90 per cent required for the move to succeed.

JTC launches sale of 2 confirmed list industrial sites at Tampines, Tuas

JTC said Tuesday (Dec 29) that it has launched the sale of two confirmed list sites at Tampines and Tuas by public tender under the second half 2015 industrial government land sales programme.

S&P, Moody's and Fitch maintain dominance of credit rating business

So much for breaking up the credit ratings triopoly. Standard & Poor's, Moody's Investors Service and Fitch Ratings are maintaining their grip on the business for US credit ratings, according to the US Securities and Exchange Commission.

Oil holds losses as Saudi Arabia seen budgeting for lower prices

Oil held losses on Tuesday (Dec 29) as Saudi Arabia announced a budget that reflects scaled-back revenue expectations and lower spending as the world's biggest exporter copes with plunging prices.

Toshiba to seek new S$2.3b credit line for restructuring

Toshiba Corp, reeling from a US$1.3 billion (S$1.8 billion) accounting scandal, said it intends to ask for a new 300 billion yen (S$2.34 billion) credit line by the end of January to fund a large-scale restructuring.

Rally in US dollar to end in 2016, say money managers to Asia's wealthy

Money managers for Asia's wealthiest families say they'll be looking elsewhere for returns after chasing the US dollar's gains in the past three years. UBS Group, the world's largest private bank, is telling clients there's "little room for further dollar appreciation".