Archive for April 10th, 2008

Singapore authorities: Build-to-order public housing to constitute main supply

Thursday, April 10th, 2008

Singapore's public housing Board said on Thursday that build-to-order (BTO) flats will constitute the main supply of new flats going forward. The BTO projects, which has been in place since 2001, will only commence when a majority o ...

Nordic countries vow to boost co-op to better cope with globalization

Thursday, April 10th, 2008

Nordic countries should further deepen their cooperation to face up to the challenges of globalization and climate change, said a declaration jointly issued by the five Nordic prime ministers Wednesday. The prime ministers issued th ...

Singapore’s annual GDP grows 7.2% in Q1

Thursday, April 10th, 2008

Singapore's economic growth remained strong in the first quarter this year, and advance estimates released by the Ministry of Trade and Industry on Thursday showed that real gross domestic product (GDP) rose by 7.2percent on a year-on-year ...

Singapore central bank continues to strengthen currency to mitigate inflation

Thursday, April 10th, 2008

Singapore's central bank announced on Thursday that it will re-center the Singapore dollar nominal effective exchange rate policy band at the prevailing level. "There will be no change to the slope or width of the policy band," the ...

Philippines plans to raise price of gov’t-subsidized rice

Thursday, April 10th, 2008

The Philippine National Food Authority (NFA) is considering raising the price of government-subsidized rice to help increase the income of rice farmers and reduce its huge losses, media reports said on Thursday. "We can't keep price ...

Economic woes impact on home furnishing giant

Thursday, April 10th, 2008

Ikea, the world's largest home- furnishings retailer, plans to slow the pace of its expansion as a global economic slowdown erodes sales, Chief Executive Officer Anders Dahlvig said Tuesday. The closely held company, which has store ...

American Airlines cancels flights for checks

Thursday, April 10th, 2008

American Airlines, the world's largest carrier, canceled more than 1,000 flights, nearly half its schedule, on Wednesday and expected to cancel 900 more flights Thursday to reinspect jets grounded two weeks ago on wiring, media reports said ...

Air NZ set to ask Boeing for delay compensation

Thursday, April 10th, 2008

Air New Zealand is likely to seek compensation from Boeing following the announcement that its eight 787-9 Dreamliner aircraft on order will be delayed by two years, the New Zealand Herald daily reported on Thursday. Air New Zealand ...