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Coface accelerates its profitable growth in 2011

Despite the degrading economic context and since the strategic refocusing on credit insurance initiated in the beginning of 2011, Coface’s commitments aiming for profitable and autonomous development made at the time of strategic reorientation, were kept and are bearing fruit.

Key highlights of this press release are: 

Feiyue Holding Pte Ltd – New Address

Please note that Feiyue Holding Pte Ltd is now located at:

EPL Building # 02-04,

1100 Lower Delta Road 

Singapore 169206

Phone: + 65 6273 3080

Fax : + 65 6273 3013



SingTel Agrees to Buy Amobee for $321 Million to Expand Mobile Advertising

Singapore Telecommunications Ltd. (ST), Southeast Asia’s biggest phone company, agreed to buy Amobee Inc. for $321 million to expand in mobile advertising as it restructures its businesses by product type.

The acquisition of U.S.-based Amobee is expected to be completed before June, SingTel, as the Singapore-based company is known, said in a filing today.

Companies in Asia spending big on IT

Companies in Asia are projected to spend almost twice as much on infocomm technology (IT) this year than elsewhere due to an explosion in data production.

Volumes are building tenfold every five years and companies that specialize in collecting the data are racing to keep up.

Healthcare has emerged as a poster child for the industry known as, Big Data. 

It's a transaction-intensive sector which, like manufacturing and finance, is rapidly increasing its uptake.

S'pore trade set to outpace world average

Singapore's trade is expected to grow faster than the world average over the next 15 years.

This is on expectation Singapore's role as a core trade hub between Europe, North America, and the Asia Pacific region strengthens.

According to HSBC Global Connections trade forecast, world trade is expected to accelerate at an annualised rate of 3.78 per cent over the next five years from 2014.

INSEAD launches Master in Finance Degree

INSEAD, the international business school, today announced the launch of a Master in Finance degree aimed at experienced financial industry professionals seeking to advance their competitive and management skills within the financial sector.  The programme will be launched on INSEAD’s Asia campus in Singapore in April of next year.

More S'pore firms invest overseas

Investment in overseas expansion by Singapore companies increased in 2011, despite volatile economic conditions in the global markets.

That is according to the latest figures released by International Enterprise (IE) Singapore.

Singapore's direct investment outflows last year rose 9.7 per cent on-year to S$31.7 billion.

Last year, IE Singapore was approached by more than 34,400 companies looking for help in understanding and investing in overseas markets.

Singapore set to play key role in space flights

Singapore will play a key role in helping a French space company launch its first commercial space flight.

For starters, home-grown companies will be roped in by Astrium, the space arm of French aerospace giant European Aeronautic Defence and Space Company, to build and launch the "demonstrator" model of the space plane by the end of the year.

Famed French boulangerie, PAUL, Opens Flagship Bakery in Singapore

Singaporeans can now savour the taste of authentic French breads right at home with the arrival of renowned French boulangerie, PAUL, which opens its flagship bakery-restaurant in Singapore much to the delight of artisan bread enthusiasts and local foodies alike. A 120-year-old brand loved around the world for its handmade traditional and specialty breads, PAUL brings a true taste of France’s traditional culinary heritage to Singapore’s gourmet scene.

Bringing about energy efficiency

In our daily lives, we never think twice before switching on the lights or any other electrical device - but have you wondered whether we ever run out of electricity? Did you know - world electricity demand is projected to double between 2000 and 2030, growing at an annual rate of 2.4 per cent.

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.