MARKET UPDATES :
- SINGAPORE shares ended 2.4 per cent lower on Tuesday with the Straits Times Index slipping 79.05 points to 3,215.09.Some 1.24 billion shares, valued at S$1.45 billion were traded. Gainers numbered 96 while losers numbered 337.
- Singapore Airlines Ltd’s Indian joint venture won a flying permit, paving way for it to start operations.The joint venture with India’s Tata conglomerate, which will operate under Vistara brand, plans to announce the sales, routes and schedules soon, it said in a statement.Vistara will fly Airbus A320-200 planes
- SINGAPORE Airlines’s (SIA) systemwide passenger carriage dropped 3.8 per cent year on year in November, against a 2.1 per cent reduction in capacity.Passenger load factor (PLF) declined 1.3 percentage points to 75.7 per cent, while the number of passengers carried fell 1.6 per cent to 1.52 million.
- SINOPIPE Holdings’ subsidiary, Aton Plastics (Chongqing), has secured a contract worth 30 million yuan (S$6.35 million) related to Chongqing Jiangbei International Airport’s rain drainage system. ton was alerted on Dec 2 that it was successful in its bid for the pipe and fittings procurement tender for the construction of a rain drainage system at the East Terminal and third runway at Chongqing Airport.
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