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S'pore economy grows by 4.9% in 2011

The Ministry of Trade and Industry (MTI) announced on Thursday that the Singapore economy had grown by 4.9 per cent in 2011, after a 14.8 per cent expansion in 2010.

MTI also maintained the growth forecast for 2012 at 1.0 to 3.0 per cent.

The GDP numbers released Thursday have experts and officials agreeing that a recession for Singapore appears less than likely. 

"Trade numbers give some hope that we will not slip into recession" said MTI director Thia Jang Ping.

Singapore Changi Airport second best airport in the world

Seoul Incheon Airport remains on top for the seventh straight year in 2011 while Hong Kong International is no longer at the third post.

Beijing Capital Airport placed third in the Best Airport Worldwide category at the 2011 ASQ Awards, completing a clean sweep by Asian airports in this category, says Airports Council International.

France 24 now available in Singapore on Singtel

France 24 has concluded a new distribution agreement in Asia and launches today on SINGTEL, the largest telecommunications company in Singapore.

France 24 English version is now available 24/7 to 350 000 households via the MiO offer, while the French version will be available "à la carte" for 9.90 Singapore dollars (6 Euros) per month.

France 24 French version will be available on channel 40 and the English channel on channel 41.

Rolls-Royce opens largest Asian facility

Aircraft engine giant Rolls-Royce opened its largest Asian facility in Singapore on Monday as it looks to capitalise on the region's booming aviation sector.

The Rolls-Royce Seletar Campus will be the only facility outside of the firm's Derby plant in Britain to assemble, test and produce Trent 900 and Trent 1000 engines, the firm said.

The Trent 900 engine is widely used in the Airbus A380 superjumbo, while the Trent 1000 series can power Boeing's latest Dreamliner series.

Singapore Geared Up to be Leading Innovation Hub

Singapore has what it takes to be a hotbed for entrepreneurship andinnovation, says Michael Song, professor of marketing at the Bloch School of Management, University of Missouri-Kansas City.

He believes that Singapore's excellent education system, public policies and efficient government are key indicators that the city-state will be able to transform itself into a leading innovationhub.

The FCCS Sustainability Charter

The case for Sustainability

Sustainability is gaining momentum in Asia, and is increasingly integrated in business and the society. Companies will have to be sustainable if they want to succeed. In Asia-Pacific, economy must become more resource-efficient and inclusive.



Construction sector to get more boost

The Building and Construction Authority (BCA) has taken another step forward to help boost productivity in the sector with a technology initiative. 

BCA has tied up with software modelling company Tekla and the Institute of Technical Education (ITE) to promote the use of building information modelling (BIM) among industry practitioners. 

BIM is a three dimensional (3D) technology that can change the way buildings are designed and constructed and transform the construction industry.

Airbus to showcase latest products at Singapore Airshow

Airbus will be a major participant at this year's Singapore Airshow, showcasing both its commercial and military transport products. The show takes place at Changi Exhibition Centre, Singapore, 14 – 19 February 2012.

Thales awarded contract for massive Singapore metro re-signalling project

Thales has been selected by SMRT Corporation Ltd. to supply its world-leading SelTrac® Communications-Based Train Control (CBTC) solution to re-signal the North-South and East-West lines, plus an extension. The metro lines combined are more than 100 km long and serve 58 stations including those of the future Tuas West line extension. The entire system is expected to be operational by 2018.

Another record year for Singapore's tourism sector

Singapore's tourist industry saw another record year in 2011, according to figures released on Tuesday.

It saw double-digit growth in both visitor arrivals and tourism receipts, the Singapore Tourism Board (STB) said.

In total, Singapore welcomed a record 13.2 million visitors last year - 13 per cent more than the 11.6 million in 2010.

Singapore is currently one of world's Top 10 growing airports

Which four other Asia Pacific airports made the cut as of the month of February?

Bangkok, Beijing, Jakarta and Manila also expanded its available scheduled seat capacity faster than virtually all other major airports. Combined, the five Asia Pacific airports represented 3.5 million additional seats for the month or 19% of the global growth amount, which is reflective of still-growing demand.