Changi Airport Group (CAG) will resume operations in Terminal 4 on Sept 13, more than two years after it closed during the Covid-19 pandemic.The terminal, which has a capacity of 16 million passengers, will add to the airport’s capacity, ensuring that it can meet the increasing demand for air travel, and support airlines’ plans to launch more flights.CAG says it will conduct various operational readiness trials with the airlines and airport partners to ensure that the terminal’s smooth reopening.With the reopening, CAG adds that 16 airlines will be relocated to Terminal 4 progressivelyCathay Pacific and Korean Air will begin flight operations in the terminal on Sept 13.AirAsia Group will follow suit on Sept 15.Other airlines that will make the move to the new terminal include Cebu Pacific,
MSing
No personal profile
406Follow
132Followers
6Topic
0Badge
$Apple(AAPL)$Apple's Q2 2022 Earnings Conference call is to be released on April 28! As the world's most valuable publicly-traded company, its earnings update is important for investors to check.IOS devices are boosted on the return to work and reopening of the U.S. economy. While we are now moving to a post-Covid-19 pandemic recovery era, the supply chain constraint could be a vital factor to consider. Generally, analysts continue to see Apple as a long-term winner, believing there is more room for revenue growth in advertising-related areas, AR/VR opportunities, and Apple services like TV and Music. Bank of American keeps an objective price at $215, reiterates BUY. Moreover, it is expected for Apple to announce a $70 billion+ buyback authorizati
Changi Airport to resume Terminal 4 operations in September
Changi Airport to resume Terminal 4 operations in September
$KEPPEL DC REIT(AJBU.SI)$has acquired a freehold property comprising two data centre buildings in De Hurk, a business park in Eindhoven in the Netherlands. The REIT paid EUR37.2 million ($59.9 million) for the properties and the seller was a fund affiliated with MCAP Global Finance (UK).Based on an independent valuation by CBRE Valuation & Advisory Services, the market value of the property was set as EUR35.4 million.The property will be named Eindhoven Campus and it is Keppel DC REIT’s third data centre asset in the Netherlands. The data centres are close to Eindhoven’s city centre and international airport. The property consists of two shell and core data centre buildings as well as a warehouse and an ancillary office building. It is full
SIA redeems outstanding zero coupon MCBs worth $3.5 bil
Singapore Airlines (SIA) has given notice of its intention to redeem the $3.5 billion in rights mandatory convertible bonds (MCBs). The accreted principal amount, being 110.41% of the principal amount, will take place on Dec 8, says SIA via a bourse filling dated Oct 25. On June 8, 2020, SIA completed its $5.3 billion rights issue and issued its $3.5 billion MCBs with a conversion price of $4.84. Shares in $SINGAPORE AIRLINES LTD(C6L.SI)$closed 1 cent lower or 0.2% down at $5.03 on Oct 25.
SIA redeems outstanding zero coupon MCBs worth $3.5 bil
Why inflation heats up and is so hard to cool down
One of the biggest challenges facing the post-pandemic world is how to tame inflation. After governments spent freely to offset the economic fallout of the Covid-19 pandemic, prices began to climb at the fastest pace in decades and central banks embarked on the most aggressive and synchronized monetary policy tightening in 40 years. When prices surge, people can afford less, businesses struggle to control costs and, in extreme cases, political revolutions are born. 1. How is inflation measured? At the most basic level, inflation is an increase in overall prices in an economy over a period of time — monthly or annually, typically — and an accompanying decrease in purchasing power. One common way to measure it is by tracking the change in the cost of a basket of goods purchased by a typical
Why inflation heats up and is so hard to cool down
Elon Musk said he’s terminating his US$44 billion ($61.60 billion) agreement to acquire Twitter Inc. and take it private, triggering a legal fight with the company.Twitter has made “misleading representations” over the number of spam bots on the social network, and hasn’t “complied with its contractual obligations” to provide information about how to assess how prevalent the bots are, Musk’s representatives said Friday in a letter to Twitter as part of a regulatory filing.Twitter said it will fight back in court.“The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement,” Bret Taylor, chairman of the board, said in a Tweet. “We are confident we will prevail in the Delaware Cour
$Tesla Motors(TSLA)$CEO Elon Musk on last Thursday praised $Volkswagen AG(VWAGY)$CEO Herbert Diess for his electrification push at the German auto giant.The billionaire entrepreneur said the legacy automaker is “lucky to have” him and that he deserves a “lot of credit for moving VW rapidly towards electrification.”Musk was replying to a post on $Twitter(TWTR)$, in which Diess is seen praising Musk and $Tesla Motors(TSLA)$in an interview with Lesley Stahl on CBS News.[Surprised] [Surprised] [Surprised] “Tesla is quite ahead currently, and they’re growing fast, I have to admit. He is taking more risks
Airbus Asia Training Centre (AATC), a joint venture that is 55%-owned by Airbus and 45%-owned by SGX-listed Singapore Airlines (SIA) has signed a contract with New Caledonia’s Aircalin to provide flight training for its A320 and A330 pilots.Under the agreement, up to 35 pilots from Aircalin could undergo recurrent training on both aircraft types to maintain their skills and qualifications.As part of the training package, Aircalin will also be able to undergo Airbus cross crew qualification (CCQ) training.The training prepares pilots who already hold an A320 type rating to be qualified to fly the A330 aircraft and vice-versa. Aircalin’s fleet comprises one A320neo and two A330neo, with another A320neo on order.Aircalin, on July 1, launched a non-stop service between New Caledonia’s capital
Changi Airport’s Terminal 2 will re-open progressively starting from May 29, ahead of the pick-up in passenger volume, says the Changi Airport Group.Terminal 2 has been shut since May 2020, when air traffic collapsed because of the pandemic. It was put through a major refurbishment, which will increase its annual handling capacity by 5 million to 28 million when fully completed come 2024.Terminals 1 and 3 remain in business, while Terminal 4, the budget terminal, is similarly shut like Terminal 2.This month, the level of air passenger traffic handled in Singapore has hit above 40% - more than double the just under 20% level seen in March.“CAG is encouraged to see the strong pickup in travel demand and has worked closely with our partners to bring forward the progressive reopening of T2 ahe
Sembcorp Industries says it is expecting its financial results for the 1HFY2022 ended June to be “materially higher”.The better-than-expected performance for the half-year period was driven by the company’s conventional energy segment.Electricity prices in Singapore and India continued to remain high in the 1HFY2022.Sembcorp will release its results on Aug 5.Shares in Sembcorp closed 3 cents higher or 1.03% up at $2.93 on July 18.$SEMBCORP INDUSTRIES LTD(U96.SI)$
Go to Tiger App to see more news