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Singapore transport firm SMRT shuns bid for Addison Lee SINGAPORE: Singapore public transport operator SMRT said Monday it has decided not to make a bid for Addison Lee, London's biggest minicab firm.Britain's Sky News reported at the weekend that SMRT was considering a bid of 800 million pounds ($1.3 billion) for Addison Lee, which is being put up for sale by its private equity owner the Carlyle Group.SMRT said in a statement to the Singapore Exchange that it was approached by an investment bank about the possible sale of Addison Lee."Having considered the matter, the company has decided not to make a bid at this stage to acquire Addison Lee," SMRT said.It said however that the company "is constantly looking out for investment opportunities that contribute to sustainable growth for its stakeholders".SMRT, which is 54 percent owned by state-linked Singapore investment firm Temasek Holdings, operates the city-state's metro train system and has a fleet of buses and taxis.In 1997 ...

Fiat Chrysler crowns merger with Wall Street debut MILAN: Fiat Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's centre of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne. The world's seventh-largest auto group has sought the US listing to help to establish itself as a leading global player through access to the world's biggest equity market and the cheaper, more reliable source of funding it ...
China Sept vehicle sales rose 2.5pc y/y BEIJING: China's September vehicle sales totaled 1.98 million units, up 2.5 percent from a year earlier, an industry association said on Monday. During the first nine months of 2014, China's vehicle sales rose 7.0 percent from a year earlier, the China Association of Automobile Manufacturers (CAAM) told a press conference in Beijing. CAAM has forecast that the market will expand 8.3 percent this year, slowing from last year's 13.9 percent pace. In September, Japanese carmakers ...
Indonesia's Garuda makes $5.0bn plane order: Boeing JAKARTA: Indonesian flag carrier Garuda has placed an order for 50 planes worth almost $5 billion, US plane giant Boeing said, as competition heats up for passengers in Asia's increasingly crowded skies.Garuda ordered 46 of Boeing's new 737 MAX 8 jets and is converting existing orders for four 737-800s to 737 MAX 8s, the plane manufacturer said. The purchase is worth $4.9 billion at current list prices, although airlines typically receive large discounts for big ...
Sapphire screen maker wants Apple contracts nixed SAN FRANCISCO: A supplier enlisted to make sapphire screens for Apple mobile devices on Friday urged a bankruptcy court to free it from contracts it branded "oppressive and burdensome."Sapphire touch screens are a very tough synthetic replacement for the glass currently used on many Apple mobile devices, and are already used in a limited way for particularly sensitive parts of devices.The synthetic screens were also expected to be used in the Apple Watch and in ...
Kmart is latest victim of US retail data breach WASHINGTON: Discount retailer Kmart said Friday a data breach of its systems had compromised some customers' debit and credit card numbers, in the latest cybersecurity attack against a major US store.No personal information, debit PIN numbers, email addresses or social security numbers however had been gleaned during the episode, which began in early September and was detected Thursday."Our Kmart store payment data systems were infected with a form of malware that was undetectable by current ...
Airbus says China to buy 70 A320 planes worth $6.6bn PARIS: Airbus said on Friday that China Aviation Supplies Holding Company (CAS) has signed an agreement to buy 70 A320 family aircraft, an order worth $6.6 billion (5.2 billion euros) at list prices.The order reflects the strong demand from Chinese carriers for single-aisle aircraft for domestic, low cost, regional and international operations, the European aircraft manufacturer said."We are grateful to China for its strong vote of confidence in our leading A320 family aircraft, and are ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln