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Sinotel uncovers US$16.65m worth of unauthorised purchase payments
www.businesstimes.com.sg
[Business Times (subscription)] - By CARINE LEE Singapore-listed Sinotel Technologies announced on Monday that unauthorised purchase payments amounting to million yuan (US$ million) have been fraudulently made by an employee in its subsidiary, Xbell Union Communication
ST Kinetics invests $3m in composite material research lab
www.businesstimes.com.sg
[Business Times (subscription)] - By CARINE LEE ST Engineering's land systems arm, ST Kinetics, has invested $3 million to establish an Advanced Composite Engineering Lab (ACEL) at Singapore's Republic Polytechnic. Officially launched on Tuesday, the laboratory will house specially
SIA adds 3rd daily S'pore-London A380 service
www.businesstimes.com.sg
[Business Times (subscription)] - By CARINE LEE Singapore Airlines (SIA) on Monday said it is adding a third daily A380 service between Singapore and London. Beginning June 1, 2012, the A380 will increase the seat capacity on the route by 17 per cent a day.
Auric officially announces Saw Phaik Hwa as CEO
www.businesstimes.com.sg
[Business Times (subscription)] - By CARINE LEE Singapore-listed Auric Pacific Group on Monday officially announced the appointment of Saw Phaik Hwa as its chief executive officer, effective May 1, Ms Saw, who resigned as CEO of SMRT Corp following two major SMRT train
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