Prime Minister of Singapore, Lee Hsien Loong, said on Sunday that instead of a speedy revaluation, he would prefer to see a gradual rise in the price of the Chinese yuan. He feels that that would be more helpful.

Delegation of the European Union has calculated figures of trade between EU and Singapore and found that trade has hit a record level in 2010 at S$76.9 billion, which a rise of 22% from 2009 and these figures are being submitted to Singapore.

Trade of 2010 has fully recovered EU-Singapore trade from economic crisis said by EU ambassador to Singapore Marc Ungeheuer.

Investment team of the Government of Singapore Investment Corp (GIC) has been sloped up for better exploiting opportunities in key emerging markets.

Osim International in stock exchange filing announced the issue of convertible bonds worth S$120 million due in 2016. It also said that the issue has been fully placed to institutional investors and accredited investors and the convertible bonds will have an interest rate of 2.75 per cent per annum.

A survey discovered that Asia’s consumers feel optimistic and are confident. Singapore consumers are found to be enough confident as their Consumer Confidence Index remain unchanged at 109 points from last quarter of last year to first quarter of 2011, posted by survey.

A figure above 100 depicts optimism and figure below 100 indicates pessimism. As per Nielson Global Consumer Confidence Index optimism is widely spread with the Asia-Pacific region hitting their highest score on record.

On Tuesday Singapore Airlines Ltd. (C6L. SG) has revealed plans for a wide-ranging alliance with Virgin Australia Ltd. (VBA. AU). It is expected that this would refocus its network in the region and increase pressure on Qantas Airways Ltd. (QAN. AU).

This year MS OLIVIA Lum of Singapore firm Hyflux has taken the Ernst & Young World Entrepreneur of the Year (WEOY) award. There were 48 other prominent business innovators from around the world to have this prestigious award.