Friday, March 2, 2012

Changi to build new airport terminal

SINGAPORE: Singapore's Changi Airport said yesterday it will close a small terminal for budget carriers and replace it with a larger one to cater for an expected rise in passenger traffic. The new terminal the airport's fourth will have a capacity of 16 million passengers per annum. Construction will begin in 2013 and the new terminal is expected to be ready by 2017, Changi said. The closure of the budget terminal will affect several low-cost carriers, including Singapore's Tiger Airways Ltd and Cebu Pacific of the Philippines, which will move their operations to another terminal beginning Sept 25.!

China in 140,000 bpd Libya oil deals for 2012

BEIJING: China's top two state oil firms have agreed to lift a total of about 140,000 barrels of crude oil per day from Libya under term deals for 2012, set to raise China's crude purchases from the North African exporter after supply disruptions last year. State trader Unipec, the trading arm of top Asian refiner China Petroleum & Chemical Corp, would lift about 100,000 bpd from Libya, while Chinaoil, trading department of PetroChina, would buy another 40,000 bpd, traders with knowledge of the deals said.!

S'pore urges standards for receivers in ASEAN

SINGAPORE: ASEAN should develop common specifications for Digital Video Broadcasting - Second Generation Terrestrial) receivers so that equipment manufacturers can benefit from economies of scale. In making the call, Senior Minister of State for Information, Communications and the Arts, Grace Fu Hai Yien said this in turn will lower the cost of set-top boxes for consumers. "With digital broadcasting promising to provide the public with better viewing experiences, we also need to ensure that Asean content remains engaging to our audiences," she said in the 11th Conference of Asean Ministers Responsible for Information in Kuala Lumpur.

Tighter foreign worker policy to stay: S'pore

SINGAPORE: Singapore will keep tightening restrictions on employing low-cost foreign workers despite concerns from companies about the supply of labour, local media quoted Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam as saying yesterday. "The government does not think we can slow the pace we have adopted in foreign worker policies," Tharman told parliament during a debate on the government's fiscal 2012 budget, Channel NewsAsia said on its website.!


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