The Australia-Singapore business connection: March ‘13
Sydney businessman David Gonski has joined the SingTel board. Pic: The Australian
January 2013 edition >> | February 2013 edition >>
Monday 8 April 2013
Welcome to our monthly wrap of business news linking Australia and Singapore.
March was a busy month and included the following headlines:
- The Competition Commission of Singapore clears Qantas-Emirates partnership
- Aussie investment company buys stake in Singapore hedge fund
- A Singapore location-based marketing app expands to Australia
- Prominent Sydney businessman appointed to SingTel board
- Singapore asset manager in talks to invest in Aussie farms
Descriptions and links to articles below:
Skywest acquisition by Virgin Australia approved by Singapore court - 29 Mar 13
Virgin Australia has taken the last hurdle for its acquisition of regional carrier Skywest Airlines after having received approval for the proposed acquisition by the Singapore High Court. The approvals in Singapore were necessary because Skywest is listed at the Singapore stock exchange.
http://www.ch-aviation.ch/portal/news/17695-skywest-acquisition-by-virgin-australia-approved-by-singapore-court
Singapore approves Qantas-Emirates deal - 29 Mar 13
Emirates and Qantas have welcomed the Competition Commission of Singapore's clearance of their airline partnership.
http://au.news.yahoo.com/thewest/business/a/-/national/16473195/singapore-approves-qantas-emirates-deal/
Australia’s Ascalon Buys Stake in Singapore Hedge Fund RV - 27 Mar 13
Ascalon Capital Managers Ltd., a company owned by Westpac that invests in hedge- fund managers, bought a 30 per cent stake in Singapore-based RV Capital Management Pvt as it expands its Asian investments.
http://www.bloomberg.com/news/2013-03-27/australia-s-ascalon-buys-stake-in-singapore-hedge-fund-rv-1-.html
DJ Singapore Asset Manager in Talks Over Australian Farms - 25 Mar 13
Singapore-based Duxton Asset Management said it is in talks over planned investments in four Australian farms.
http://www.menafn.com/menafn/fee01432-b9ff-4828-950b-bfffe575dee0/DJ-Singapore-Asset-Manager-Talks-Over-Australian-Farms-Exec?src=main
Sprooki expands to Australia; app giving ‘double-digit’ conversion rates for purchases - 7 Mar 13
Sprooki, a location-based marketing platform for retailers and shopping malls that launched in Singapore last year, has announced that it will be expanding to Australia.
http://sgentrepreneurs.com/2013/03/07/sprooki-expands-to-australia-app-getting-double-digit-conversion-rate-for-purchases/
CPE and Australian agency to raise private education standards - 4 Mar 13
The Council for Private Education (CPE) Singapore and the Tertiary Education Quality and Standards Agency (TEQSA) Australia have signed a Memorandum of Co-operation (MOC).
http://www.asiaone.com/News/Latest%2BNews/Edvantage/Story/A1Story20130304-406266.html
Gonski appointed to SingTel board - 2 Mar
Prominent Sydney-based businessman and philanthropist David Gonski has been appointed to the board of Singapore Telecommunications (SingTel).
http://www.theaustralian.com.au/business/breaking-news/gonski-appointed-to-singtel-board/story-e6frg90f-1226588746784
If you have any contributions or feedback, please send an email to the Public Affairs team at the Australian High Commission: [email protected].
For more information on the Australian business community in Singapore please contact AustCham Singapore (http://www.austcham.org.sg/).
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