Latest News

Medaire Expands Aircraft Medical Kit Operations Into UK, Europe And Asia Pacific

Responding to the needs and pressures of commercial airlines, MedAire, an International SOS company, strengthened its medical kit refurbishment capabilities and distribution into, and throughout, Europe and Asia.

The addition of LE West, based in the United Kingdom; SMI (Service Médical International), based in France; and Nutracare Pharma in Singapore to the International SOS group of companies strengthened MedAire’s operational capabilities in Europe and Asia Pacific.

Google expands in Asia with "mobile first" strategy

Global search engine Google said the Internet is increasingly playing a part in the overall growth of countries' economies, particularly in emerging markets.

It claims it's seeing a "strong correlation" between the growth of the digital economy, and countries' GDP growth rates.

Google is making an aggressive push in East Asia, where it's investing US$700 million for three data centres in Taiwan, Hong Kong and Singapore.

Singapore's NODX up 5.8% on-year in July

Singapore's non-oil domestic exports expanded by 5.8 per cent on-year in July, following a 6.6 per cent rise in the previous month.

Trade agency IE Singapore attributed the increase to the rise in exports of telecommunications equipment, integrated circuits and machineries.

Total trade expanded by 2.9 per cent on-year in July, following a 2.7 per cent increase in the previous month.

More new hotels in western S'pore to meet rising demand

Four thousand new hotel rooms are expected to be ready by 2013 to alleviate room shortage in Singapore.

To cater to tourists looking to stay away from the city, a growing number of industry players are developing hotels in the heartlands.

Under the Government Land Sales programme, developers have bid for hotel sites in suburban areas such as Balestier, Farrer Park and even further west in Alexandra and Boon Lay.

S'pore is world's 2nd most attractive market to do M&A

Singapore is the world's second most attractive market to do mergers and acquisitions (M&A).

This according to the 2012 M&A Maturity Index published by the M&A Research Centre at Cass Business School and Ernst & Young.

The United States has retained the top spot, while the United Kingdom and Hong Kong took third and fourth place respectively.

The index ranks 148 countries on their ability to attract both domestic and cross border M&A deals.

Singapore ranks 18 in global retail rents

As rents remain competitive, several fashion labels have expanded presence Singapore retail rents are still competitive, ranking 18th out of the top 20 most expensive retail markets globally in the first quarter of 2012, data compiled by CBRE showed.

Gemalto's Trusted Services Management Data Center in Singapore Obtains MasterCard and Visa Certification

Gemalto, the world leader in digital security, today announced that its Trusted Service Management (TSM) data center in Singapore has achieved MasterCard and Visa certification. This allows Gemalto customers to securely distribute MasterCard and Visa mobile payment services to their end users. The certification validates Gemalto’s readiness for supporting banks, mobile operators and other service providers in their NFC deployments across Asia and around the world.

FCCS Office - Renovation Works in August

Please note that the FCCS is renovating its offices from the 1st August to the 31st August. 

During this period, we will be relocated at the Alliance Francaise on 1 Sarkies Road, Singapore 258130. 

Asia Pacific Continues To Be Hotspot For Airline Growth

Airlines continue to look to Asia Pacific for growth amidst global economic uncertainty as the region's economies continue expansion in the global airline industry, says Abacus International, Asia’s leading revenue partner for airlines.

Carriers based in Asia Pacific will make profits of $2.1 billion in 2012, according to forecasts from the International Air Transport Association (IATA). This accounts for 60 per cent of the total profits predicted for the global airline industry, making Asia Pacific a key region for aviation growth[1].

India shows signs of struggle, while Indonesia grows in strength

The recession in Southern Europe is becoming more severe in Spain and Italy, and has spread to Cyprus. The first signs of struggle in the Indian economic growth model are also beginning to emerge. In this increasingly difficult environment for companies, Coface has reduced its risk assessments for 6 countries, including Spain, Italy, Cyprus and India.

Cyrille Charbonnel is appointed Chief Operating Officer of the Coface Group

Cyrille Charbonnel, Group Organisation Director and a member of the General Management Committee of the Coface Group, is appointed Group Chief Operating Officer, a newly created position.

In this role, he will manage the operational functions of the Group together with Jean-Marc Pillu, Chief Executive Officer, and more specifically the Commercial, Underwriting, Information, Claims & Collection functions. He retains his responsibilities as Group Organisation Director.

HDB garners French urban planning support

Housing & Development Board has signed an MOU with French specialists to jointly develop urban planning solutions for its towns.

In a release marking the end of the World Cities Summit 2012, HDB said it is the first public agency in Singapore to conclude a Memorandum of Understanding (MOU) with Electricité  de France (EDF) and VEOLIA Environnement Recherche et Innovation (Veolia) to work on a complex Systems Model, which will help HDB develop sustainable, urban planning solutions in HDB towns.

Groupon opens first physical store in Suntec City

opular online coupon company Groupon has opened its first physical retail concept store in Singapore on Wednesday.

It is located at Suntec City Mall and staffed by more than 50 customer service personnel.

Customers queueing up for S$50 worth of credits to celebrate the store's opening can now expect much shorter waiting times.

Previously, they may have to wait for up to 30 minutes to redeem products at its previous redemption centre at Groupon's Harbour Front office.