Passenger traffic at Changi Airport increased 11.2 per cent year-on-year to 3.77 million in February 2012.
According to the Changi Airport Group (CAG), there was "strong travel demand across all regions" last month.
In particular, traffic between Singapore and the Middle East grew more than 20 per cent, while other regions -- the Americas, Europe, South Asia and Southeast Asia -- also increased by double digits.
Singapore has retained its triple-A rating from Moody's.
According to a statement from the credit agency, Singapore's Aaa rating is supported by a high level of economic resiliency that is derived from rapid economic growth, rising per-capita income, and strong institutions.
But despite this government-supported growth SMEs still face short-term hardships, says trade minister Teo Ser Luck.
The Singapore government handed out $98 million last year on upgrade projects for small and medium-sized enterprises (SMEs), and these will create a torrent of new jobs, yet the current business environment poses many pitfalls for failure.
Technip has been awarded a front-end engineering design (FEED) contract by PETRONAS for its proposed Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor, Malaysia.
RAPID aims at building a world-scale integrated refinery and petrochemical complex to answer the growing need for specialty chemicals and to meet the demand for petroleum and commodity petrochemical products in the Asia Pacific region by 2016.
The Land Transport Authority of Singapore has awarded Alstom a contract for the East-West metro line extension - known as the Tuas West extension - worth around €40 million.
Swiss food and beverage giant Nestle celebrates its 100th year in Singapore.
A century on, 95 per cent of of all Singaporean households still have at least one Nestle product in their homes.
Brands such as Milo, Nescafe and Maggie continue to be staples in many Singaporean households, but Nestle said it has to keep up with customers through innovation.
The company plans to invest more than S$5.5 million to strengthen its R&D base in Singapore.
On 1 April 2012, Air France will start operating an Airbus A380 on the Paris-Charles de Gaulle-Singapore route for the first time. This first commercial flight will be followed by regular services three times a week from June to the end of October 2012.
On departure from Singapore, Air France is offering 38 weekly code-share connecting flights with Qantas to five destinations in Australia: Sydney, Melbourne, Brisbane, Perth and Adelaïde.
This Week's Entrepreneur Spotlight: French Toast Language Center
|Interview with Remi Malachin, Director, French Toast Language Center|
The FCCS is calling to its members to be part of a new project: The FCCS Sustainability Charter.
The supply of hotel rooms in Singapore is expected to increase by 20 per cent by 2016, according to a report by real estate consultancy CBRE.
CBRE said the ramping up of room supply is underpinned by healthy outlook for the hospitality sector.
In 2011, over 1,900 hotel rooms have been added in Singapore, with the bulk of them coming from V Hotel with 888 rooms and Oasia Hotel with 428 rooms.
The information and communication technology sector (ICT) in Singapore looks set to benefit from a S$46 million initiative to boost productivity over the next five years.
Speaking at an industry event, Minister for Transport and second Minister for Foreign Affairs, Lui Tuck Yew said the Infocomm Industry Productivity Roadmap will help companies acquire new capabilities and resources to remodel their business.
Singapore-listed fashion and lifestyle group F J Benjamin Holdings plans to open Goyard, a French luxury brand, at Takashimaya Shopping Centre along Orchard Road next year.
In a filing with the Singapore Exchange, F J Benjamin said the opening of the standalone flagship store in Singapore is slated for the fourth quarter of 2013.
This comes on the heels of the successful launch of the brand's Hong Kong store at The Peninsula in February 2011.
Higher use of mobile devices such as smartphones and tablets are expected to drive digital marketing in Asia over the next two years.
Experts say advertising spend for online marketing may increase as much as 25 percent of the total pie.
Currently, less than 10 percent of Singapore's total advertising spend is used for online marketing.
They add that display ads, search engines and social media will be among the prominent digital advertising platforms.
Singapore has been ranked the most competitive city in Asia, according to a report by the Economic Intelligence Unit.
The "Hot Spots: Benchmarking Global City Competitiveness" report also identified Singapore as the third most competitive city in the world, after economic and financial hubs New York and London.
The report covered a total of 120 global markets, assessed on the basis of 21 qualitative and 10 quantitative indicators.