Rolls-Royce to cut quarter of Singapore workforce Estimated 240 affected staff mostly in technical roles; company earlier announced worldwide reduction of 9,000 jobs!! BRITISH engine-maker Rolls-Royce will shed 24% of its workforce in Singapore amid expectations that demand for civil aerospace engines and aftermarket services will take several years to recover from the effects of the pandemic. The...

Aviation's darkest hour Airlines, airports, and aircraft makers are under siege. How will they emerge, and what lies ahead in the future of flying? IN April last year, Changi Airport saw 5.58 million passengers breeze through its doors. This April, passenger traffic slumped by a staggering 99.5% as airlines cancelled flights and grounded planes, turning the airport into a ghost town. A similar...

Traders cry foul over losses from SocGen actions on SIA shorts TRADERS in the 5x Short Singapore Airlines (SIA) daily leverage certificates (DLCs) saw their positions go to zero on Wednesday when SIA shares rose more than 20 per cent upon trading ex-rights. The short squeeze was exacerbated after Societe Generale (SocGen), the issuer of the certificates, used what some traders said is an...

SINGAPORE - Two new MRT stations will be built along the North-South Line in the north-western part of Singapore, with the Downtown Line (DTL) extended to join one of these stations by mid-2030s. The upcoming Thomson-East Coast Line, which starts from Woodlands North and ends at Sungei Bedok, will be extended to provide a direct link to Changi Airport. A proposed new line, which could run from Woodlands...