GIC acquires Blackstone’s 50% stake in London’s Broadgate complex

GIC acquires Blackstone’s 50% stake in London’s Broadgate complexSingapore sovereign wealth fund, GIC has said that it has acquired Blackstone Group's 50 percent stake in London's Broadgate office complex.

Singapore sovereign wealth fund is looking to generate stable returns form the real estate sector. GIC acquired cluster of 17 office buildings, shops and restaurants in the City of London's financial district. The two companies said in a statement that it covers 4.7 million square feet in the city. GIC also signed a joint venture with British Land that has the remaining50 per cent stake in Broadgate.

Economy will be Congress' priority: Manish Tewari

Manish-TewariSingapore/New Delhi, Nov 27 : If returned to power in 2014, the Congress would ensure that India becomes a middle-income country and no longer remains a low-income one, Minister for Information and Broadcasting Manish Tewari said Wednesday.

Tewari was delivering the Fullerton Lecture at the International Institute of Strategic Studies (IISS) in Singapore when he said: "The obvious question that begs an answer is what must be the policy priorities of a Congress or UPA (United Progressive Alliance) government in 2014, if people do give us that opportunity".

India taking steps to give greater confidence to investors: Chidambaram

P-ChidambaramSingapore, Nov 21 : Finance Minister P. Chidambaram Thursday made a strong pitch for investments from the diaspora saying the government was taking steps to stabilise the economy and give greater confidence to investors.

Addressing the second South Asian diaspora convention here, Chidambaram said the government is mindful that investment will determine economic growth and has taken a number of steps to boost confidence of domestic as well as foreign investors.

“We have taken a number of measures to stabilise the economy and give greater confidence to the investors,” the finance minister said.

Singapore economy to grow slower in Q3, say experts

Singapore-economySingapore, Oct 10 : Economic growth of Singapore in the third quarter is expected to be slower, according to economists.

The gross domestic product in the third quarter is expected to expand by 3.8 percent year-on-year. This is the same as in the second quarter, reports Xinhua.

Some of the economists, however, expect a pull-back after comparing data quarter-on-quarter basis.

Some say the numbers in the second and third quarters indicate the economy is more stable now.

Tata-Singapore Airlines JV will be good for consumers & industry: says senior official

Tata-Singapore Airlines JV will be good for consumers & industry: says senior officialThe launch of proposed Tata Sons-Singapore Airlines joint venture (JV) airline will be beneficial for consumers as well as the India's civil aviation industry, a senior government official said.

Speaking on the condition of anonymity, the official said the proposed full service JV airline would provide a much needed boost to competition.

Anything difficult is my axis point to growth: Hrithik Roshan

Hrithik-RoshanSingapore, Sep 21 : In an interactive session with students of Global Indian International School (GIIS) here Saturday, Bollywood star Hrithik Roshan said that he likes challenges of all kinds - be it in acting or dancing, as he believes overcoming difficulties help in his growth.

A student named Khushi Verma of sixth grade asked the actor whether he enjoyed acting or dancing more.

He replied: "I like it when it gets difficult, whether in acting or dancing. Whenever something gets difficult, I know this is my axis point to growth. The modular I live by is that the finest steel must go through the hottest fire."

Fruit peels can help water filtration: Research

apple-peelsSingapore, July 18 : A research team in the National University of Singapore (NUS), led by an Indian-origin scientist, has found that fruit peels can be used for water purification, something that can help millions of people across the world without access to clean drinking water.

The team, led by Ramakrishna Mallampati, found that tomato and apple peels act like a sponge in polluted water and help in “vastly reducing levels of heavy metals, pesticides and dyes”, the Straits Times reported Thursday.

Singapore's retail sales go up

retail-salesSingapore, July 15 : Singapore retail sales in May rose 3.2 percent on year, reversing the adjusted 0.3 percent year-on-year fall in April, the city-state's Department of Statistics said.

The retail sales still grew by 3.1 percent on year after excluding motor vehicles, reported Xinhua.

The figure was released Monday after the better-than-expected GDP growth of 3.7 percent on year in the second quarter.

Good to be 'cautious' vis-a-vis China: Khurshid

Salman-KhurshidSingapore, July 5 : There is no need to alarmed over hiccups in relations with China but it will pay to be "cautious and vigilant", Indian External Affairs Minister Salman Khurshid has said.

In an interview to The Straits Times published Friday, he also reiterated Indian desires that talks over Afghanistan's future "must be Afghan-led, Afghan-owned and Afghan-controlled".

On Sino-Indian ties, the minister said every step taken with China over the years had been positive. "I think we have constantly, if not rapidly, made progress.

Saina crashes out of Singapore Open

Saina-NehwalSingapore, June 21 : India's top shuttler Saina Nehwal crashed out of the women's singles quarterfinals at the Singapore Open Super Series here Friday, losing to Indonesia's Lindaweni Fanetri.

The second seed lost to unseeded Lindaweni 21-17, 13-21, 13-21 in 58 minutes at the Singapore Indoor Stadium. The World No. 13 avenged her first round loss last week at the Indonesia Open by beating the Hyderabadi in their second career meeting.

After a topsy-turvy start to the first game, Saina found legs to take a lead from 11-all to 17-13 and then went on to win the game in another five minutes.

Saina reaches Indonesia Open quarters

Saina-NehwalSingapore, June 20 : Saina Nehwal came from a game down to beat Eriko Hirose and enter the women's singles quarterfinals at Singapore Open Superseries badminton event here Thursday.

Saina, who slipped to number four in world rankings released Thursday, had to dig deep against the Japanese before earning a 16-21, 21-16, 21-9 win. The contest lasted a little over one hour.

With Thursday's success, Saina levelled her head-to-head record with the World No. 11 to 3-3. She plays Indonesia's Lindaweni Fanetri in the last eight stage Friday.

Dengue cases rise in Singapore

DengueSingapore, June 11 : The weekly number of new dengue cases reported in Singapore continued to rise over the past week amid a latest epidemic, according to official statistics.

A total of 820 infections were reported in the week ended June 8, surpassing the previous weekly record of 756 cases seen this year, according to figures released by the National Environment Agency.

Both were more than the previous peak seen in September 2005 during the worst dengue epidemic in Singapore. About 14,000 people were infected in 2005, with 25 deaths reported, reported Xinhua.

Singapore Airlines orders 60 planes worth $17 bn

Singapore-AirlinesSingapore, May 30 : Singapore Airlines has ordered 30 Airbus and 30 Boeing aircraft, with the total order worth more than $17 billion, the company said Thursday.

The company said the agreement with Airbus includes 30 firm-ordered A350-900 planes for delivery from the 2016-17 financial year, and plus options for 20 more, which may be "converted into firm orders for larger A350-1000s", Xinhua reported.

The company said the latest order also increased the number of firm orders to 70 for A350-900s, which are intended for use on medium and long-range routes.

Indian-origin cricket coach in Singapore jailed

Jeraj-PuvaneshenSingapore, May 30 :  A former Indian-origin cricket coach here has been sentenced to 15 months in jail for his role in a burglary in May last year.

Jeraj Puvaneshen, 26, pleaded guilty to helping two fellow coaches, Rajeswari Pasupathy and Vigineswari Pasupathy, both sisters, burgle the apartment of one of their students at Hougang area here May 17, 2012, media reports said Thursday.

Both the sisters had represented Singapore in cricket before.

At the time of the incident, Puvaneshen was the cricket coach of St Andrew's Secondary School and St Andrew's Junior College.

Singapore's export performance improves

Singapore-ExportsSingapore, May 17 : Singapore's non-oil domestic exports, a key gauge of the trade hub's export performance, fell by 1 percent year-on-year in April, trade promotion agency International Enterprise Singapore said Friday.

It followed a year-on-year contraction of 4.8 percent in the previous month, exceeding market expectations, reported Xinhua.

The agency said the contraction was largely due to a drop in electronic exports, which contracted by 9 percent in April, however, it represents an improvement from the previous month's 17.9 percent decline.

Singapore to host WTA Championships from 2014

WTA-ChampionshipsSingapore, May 8 : Singapore beat Tianjin in China and Monterrey in Mexico to be named as host for the year-ending Women's Tennis Association Championships for the next five years.

The city state will stage the year-end final from 2014 with a record purse of $6.5 million, reports Xinhua.

The season-ending event features the top eight women's tennis players and from next year, the eight leading women's doubles pairs too. It will be the Asia-Pacific region's second biggest tennis tournament after the Australian Open Grand Slam.

The 2013 event will be held in Istanbul, Turkey.(IANS)

Malaysian Indian Congress fails to increase tally

Malaysian-Indian-CongressSingapore, May 6 : The Malaysian Indian Congress (MIC) failed to increase its tally of parliamentary seats in general elections in the southeast Asian country held Sunday.

The ruling Barisan Nasional (BN) coalition won 133, down from 138 it had won in the last elections in 2008. The opposition Pakatan Rakyat coalition won 89 seats, local media reported Monday.

Despite a much anticipated increase in support from the Indian community, the MIC won just four seats, the same number it had won in the last elections.

Qantas opens new passenger lounge at Changi

Qantas opens new passenger lounge at ChangiQantas Airways Ltd, leading Australian carrier, has opened a new lounge at Singapore's Changi airport for its passengers.

The new lounge will cater to premium passengers on its new dedicated Singapore services and will offer features 460 seats, 20 showers, 80-inch television screens and technology pods. The company will also offer a dining area with a live cooking station, a bar and mattresses and duvets for passengers wanting to sleep at the airport.

Fukushima may delay world n-energy growth by 10 years

Fukushima-nuclearSingapore, April 10 : The Fukushima nuclear disaster may delay the growth of the world nuclear energy market by 10 years, an expert from the International Atomic Energy Agency (IAEA) said Wednesday.

However, this does not mean that the growth of the nuclear energy demand will be reversed. It will continue to grow, IAEA programme coordinator Alan McDonald was quoted as saying by Xinhua at the World Nuclear Fuel Cycle conference in Singapore.

India, Singapore to increase number of flights

India, Singapore to increase number of flightsThe government of India and Singapore have agreed to revise the air services agreement between the two countries in order to increase the total number of permitted flights between them.

At present, there are a total of 216 flights per week between India and Singapore and the expanded framework will allow airlines from both the countries to expand their services. Singapore Airlines is believed to be planning to increase its flights to 100 per week from 96 flights at present.

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