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Briefs: Digital Realty mulls US$300 mil Singapore trust IPO, Grab postpones merger with US SPAC
These are the highlights in the news this week.
June 11, 2021
Company in the news
SIA Engineering bets on servicing narrow-body planes ahead of recovery
According to Ng, the recovery in air travel will see narrow-body planes take off first, before their wide-body counterparts do.
January 29, 2021
Company in the news
SIA gets a lift from potential Covid vaccine and travel bubble but recovery still nascent
SIA says it is encouraged by the development of Pfizer’s experimental Covid-19 vaccine.
November 13, 2020
Tech
IMDA, M1, and MPA to conduct coastal 5G network trials with Airbus; M1 and Airbus to conduct connectivity trials for in-land areas
The Infocomm Media Development Authority (IMDA), M1, and the Maritime and Port Authority of Singapore (MPA) will be conducting coastal 5G standalone network trials with Airbus at the Singapore Maritime Drone Estate.
June 11, 2020
Aviation & Engineering
SIA faces its biggest challenge in Covid-19; investors will need a strong stomach
Since its inception in 1972, Singapore Airlines (SIA) has weathered through all kinds of downturns that had impacted air travel. This included the Sept 11 terrorist attacks in 2001, the SARS epidemic in 2003 and the global financia
May 22, 2020
Broker's Calls
ST Engineering's earnings could nosedive owing to weak aerospace business: RHB
SINGAPORE (April 28): ST Engineering is expected to record earnings declines of 3% to 9% for FY20 to FY22, largely on the back of lower earnings contribution from its aerospace segment, according to RHB Securities.
April 28, 2020
Management & Corporate Governance
AirAsia, Airbus & a failed F1 Racing Team
(Feb 14): An AirAsia executive chided a senior Airbus employee for not paying US$16 million he said was owed to him and demanded US$30 million in sponsorship before placing more aircraft orders, according to internal emails released by the UK Serious Frau
February 14, 2020
Corruption probe
AirAsia CEO Fernandes and chairman step aside as Airbus bribery allegations probed
AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun stepping aside for at least 2 months while airline and authorities investigate allegations Airbus paid a bribe of US$50 million to win plane orders
February 04, 2020
Aviation & Engineering
Malaysia regulator to probe if AirAsia broke rules in Airbus deals
The allegations came to light on Friday when Airbus agreed to a record US$4 billion ($5.5 billion) settlement with France, Britain and the United States.
February 02, 2020
Markets
US picks new fight with EU, global recession feared
SINGAPORE (Oct 7): The bleak economic outlook could be realised sooner rather than later as negative factors emerge.
October 04, 2019