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US$4b worth of ICT deals to be inked at CommunicAsia 2012

More innovative mobile technologies are slated to be unveiled at this year's CommunicAsia, which kicks off next Tuesday at Marina Bay Sands.

Organisers said there'll be more than 1,200 exhibitors, 80 per cent of which are from overseas. Two hundred exhibitors are taking part for the first time to launch their latest products.

The four-day trade event, which will be held alongside BroadcastAsia, is expected to draw about 53,000 participants.

Orange Business Services named Data Communications Service Provider of the Year 2012

Orange Business Services, a leading global integrator of communications solutions for multinational corporations, has been named the 2012 Data Communications Service Provider of the Year by international market research and technology analysts Frost & Sullivan. Orange is the recipient of the prestigious award for the second consecutive year.

France's GDF Suez sets up trading unit in Singapore

French gas and power group GDF Suez opened a trading floor in Singapore this week, seeking to boost investment in Asia with financial trading of crude oil, refined oil products, coal and gas, the company said on Thursday.

While initially focusing on oil derivatives, it plans to set up a physical coal trading desk by next year.

The Asian expansion was aimed at offsetting stagnation in the European and US markets, said Mr Philippe Vedrenne, deputy chief executive officer of GDF Suez Trading.

CPI inflation forecast to average between 3.5% and 4.5% in 2012

MAS says CPI-All Items inflation is expected to remain elevated and volatile over the coming months.

The Monetary Authority of Singapore noted:

CPI-All Items inflation moderated from 5.5% in Q4 2011 to 4.9% in Q1 2012 due to the lower contribution of oil-related items, food and, notably, cars. Meanwhile, accommodation cost, which remained the single largest contributor to CPI-All Items inflation, increased by 10.1%, led by the sharp rise in residential property rentals.

S'pore's water industry expected to maintain growth

Singapore's water industry is expected to continue its growth momentum this year.

In 2011, S$130 million worth of value-add were committed, generating 460 jobs when the projects are fully realised.

PWN Technologies is just one of the many foreign water companies attracted to Singapore's water industry.

It set up its Asian headquarters in Singapore last year.

So far, the Dutch company said it has been fairly sheltered from the global credit crunch.

PSA is best seaport in Asia

The Port of Singapore has bagged the awards for the 'Best Seaport in Asia' and the 'Best Green Service Provider - Seaport' at the 26th edition of the Asian Freight and Supply Chain Awards (AFSCA).

The Awards was held on Tuesday at the Four Seasons Hotel Shanghai.

Captain Lee Cheng Wee, Port Master from the Maritime and Port Authority of Singapore (MPA) received the award on behalf of the Port of Singapore.

Singapore's Changi Airport is top in Asia

Singapore's Changi Airport has been named the Best Airport in Asia by the cargo industry.

This is the 26th consecutive year that Changi has bagged the honours.

It picked up the award at the annual Asian Freight and Supply Chain Awards (AFSCA) held at the Four Seasons Hotel in Shanghai on Tuesday evening.

At the event, Changi Airport also won the Best Green Service Provider (Airport) award for its focus on sustainable practices.

Stabilized overall financial situation for Chinese companies - Coface study

Coface interviewed over 1.300 companies in various sectors with different legal profiles, for its ninth study of domestic payment behaviour of Chinese companies.

Despite the slowdown in activity in 2011 given the halt of the fiscal stimulus package, tighter monetary policy and the deceleration in external demand, Chinese companies’ payment behaviour remained globally satisfactory with sales on credit rising sharply.

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