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Archive for the ‘Snippets’ Category
IMF says SG’s FT curbs could hurt competitiveness

IMF says SG’s FT curbs could hurt competitiveness

The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. Credit: Reuters/Yuri Gripas (Fri Oct 17, 2014) - Singapore's plans to cut reliance on foreign workers could reduce its competitiveness... 

Singapore Air to Raise Stake in Tiger After Losses Widen

Singapore Air to Raise Stake in Tiger After Losses Widen

(Oct 17, 2014)  -   Singapore Airlines Ltd. (SIA) will raise its stake in low-fare carrier Tiger Airways Holdings Ltd. (TGR) to make it a subsidiary, providing financial support to the unprofitable company after losses reached a record. Singapore Air will hold about 55 percent of Tiger Air by converting some securities into... 

SIA coming to Tiger’s rescue

SIA coming to Tiger’s rescue

(Oct 17, 2014) -  Cash-rich Singapore Airlines Ltd (SIA) is injecting up to $110 million to take control of loss-making affiliate Tiger Airways Ltd, shoring up the budget carrier while scrapping its regional ambitions as competition rages. Announcing a record quarterly loss that sent its shares tumbling as much as 10 percent,... 



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