Tag Archives: Singapore

Singapore to use driverless buses ‘from 2022’

Singapore plans to introduce driverless buses on its public roads by 2022. The government says they will be piloted in three new neighbourhoods which will have less-crowded roads designed to accommodate the buses. The buses will be used to help residents travel in their communities, and to nearby train and bus stations. Densely-populated Singapore hopes driverless technology will help the ... Read More »

Singapore self-driving taxi has first ‘prang’

A self-driving taxi being trialled in Singapore has had its first accident. nuTonomy, the firm behind the scheme, said the car had clipped a small lorry while driving at about four miles per hour. It played down the incident as a “small prang”, saying only minor damage was caused and that neither of the two engineers on board were hurt. ... Read More »

Singapore Airlines drops Airbus A380 plane

Singapore Airlines has decided not to keep the first A380 it leased, delivering a fresh setback for Airbus’ super-jumbo plane. Singapore Airlines was the launch customer for the two-deck jet in 2007. The airline has decided not to renew the A380 plane when the ten-year contract expires next year. The news comes after Airbus more than halved its delivery target ... Read More »

Barclays to cut more than 100 Singapore back office jobs – source

Barclays (BARC.L) is cutting over 100 technology and back office jobs from its offices in Singapore, a source with direct knowledge of the matter said on Monday, as it seeks to reduce costs by relocating those roles elsewhere. The source declined to comment on the exact number of jobs to be cut in Singapore but said it is fewer than ... Read More »

Singapore bank halts lending for London properties over Brexit vote

Singapore’s third-biggest lender has suspended new loans for the purchase of London properties as the aftershocks of Britain’s vote to leave the EU are felt around the world. United Overseas Bank said it would “temporarily stop” issuing the loans because of heightened uncertainty following the Brexit decision. “As the aftermath of the UK referendum is still unfolding and given the ... Read More »

BlackRock agrees to sell Singapore office tower to Qatar fund for $2.5 billion

BlackRock Inc (BLK.N) has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion ($2.5 billion), in what the U.S. firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region. Asia Square Tower 1, located in the city-state’s financial district, has over 1.25 million square feet of ... Read More »

Singapore ‘still world’s most expensive city’

Singapore has again been judged as the world’s most expensive city but costs across the world have been highly volatile, according to researchers. The Economist Intelligence Unit (EIU) ranked Singapore as the priciest ahead of Zurich, Hong Kong, Geneva and Paris. London was sixth and New York seventh on the list that compares the cost of a basket of goods ... Read More »