Singapore - Singapore Airlines said Wednesday that its passenger load in March dropped by 23 per cent year-on-year to 1.28 million passenger as the carrier sheds flights and cuts capacity.
Singapore Airlines filled 69.4 per cent of its seats last month, the Straits Times newspaper reported, saying the comparative February figure was just slightly better at 69.7 per cent.
Taking passengers and cargo as a whole, the total amount of space filled was 62.6 per cent.
With the help of funds from its internal accretions and the foreign exchange proceeds, Reliance Communications intends buying back foreign currency convertible bonds (FCCBs) at a mark down, depending upon the central bank approval.
A tender offer, for repurchasing the bonds for cash at a discount, has been issued by the company to all its bond holders.
Singapore - Singapore Exchange Limited (SGX) Wednesday said its net profit for the third quarter of this year fell by 45.5 per cent year-on-year to 55.3 million Singapore dollars (36 million US dollars).
The net profit was also down by 25.9 per cent from the second quarter of the financial year 2009.
Operating revenues decreased 30.9 per cent to 119.8 million Singapore dollars for the third quarter ended 31 March 2009 from 173.3 million Singapore dollars for the same period of last year.
Singapore - Singapore's central bank on Tuesday eased monetary policy for the second time since 2003 by effectively devaluing the currency as the government forecast a record economic contraction this year, the Straits Times reported. The Monetary Authority of Singapore (MAS) re-centred the currency's secret policy band at the existing level of its trade-weighted index, a move economists estimate could imply a devaluation of anywhere between 1 and 3 per cent.
Singapore - Singapore on Tuesday revised its total trade projection for this year to a drop of 22 to 25 per cent, from previous expectations of a decline of 17 to 19 per cent, citing weak export markets. Non-oil domestic exports for 2009 are expected to contract by 10 to 13 per cent, from an earlier projection of a 9 to 11-per-cent decline, International Enterprise (IE) Singapore, a government trade agency, said.
Singapore - Singapore Tuesday revised down its forecast of economic activity for this year, expecting gross domestic product (GDP) to contract by 6 to 9 per cent, lower than the contraction of 2 to 5 per cent that it had forecast on January 21. Advance estimates for the Singapore economy indicate that economic activity slowed sharply in the first quarter of 2009, the Trade and Industry Ministry said in a statement.
The decline in the first quarter affected every sector except construction, the ministry pointed out.
Singapore - Singapore Airlines said Wednesday that its passenger load in March dropped by 23 per cent year-on-year to 1.28 million passenger as the carrier sheds flights and cuts capacity.
With the help of funds from its internal accretions and the foreign exchange proceeds, Reliance Communications intends buying back foreign currency convertible bonds (FCCBs) at a mark down, depending upon the central bank approval. 
Singapore - Singapore Exchange Limited (SGX) Wednesday said its net profit for the third quarter of this year fell by 45.5 per cent year-on-year to 55.3 million Singapore dollars (36 million US dollars).
Singapore - Singapore's central bank on Tuesday eased monetary policy for the second time since 2003 by effectively devaluing the currency as the government forecast a record economic contraction this year, the Straits Times reported. The Monetary Authority of Singapore (MAS) re-centred the currency's secret policy band at the existing level of its trade-weighted index, a move economists estimate could imply a devaluation of anywhere between 1 and 3 per cent.
Singapore - Singapore on Tuesday revised its total trade projection for this year to a drop of 22 to 25 per cent, from previous expectations of a decline of 17 to 19 per cent, citing weak export markets. Non-oil domestic exports for 2009 are expected to contract by 10 to 13 per cent, from an earlier projection of a 9 to 11-per-cent decline, International Enterprise (IE) Singapore, a government trade agency, said.
Singapore - Singapore Tuesday revised down its forecast of economic activity for this year, expecting gross domestic product (GDP) to contract by 6 to 9 per cent, lower than the contraction of 2 to 5 per cent that it had forecast on January 21. Advance estimates for the Singapore economy indicate that economic activity slowed sharply in the first quarter of 2009, the Trade and Industry Ministry said in a statement.
