Companies pulling out of SGP!

[VIBGYOR]

Swissport to cease airport operations in Singapore
Mon Jan 12, 2009 5:14am EST

SINGAPORE, Jan 12 (Reuters) - Airport ground handling firm Swissport International, a unit of Spain's Grupo Ferrovial (FER.MC: Quote, Profile, Research, Stock Buzz), will halt its operations in Singapore, the city-state's civil aviation body said on Monday.

Swissport, which started operations at Changi in 2005, has chalked up losses of more than S$50 million ($33.6 million), the Straits Times reported last month.

The Civil Aviation Authority of Singapore said Swissport's airline clients will continue to receive the same level of service through new agreements with either of the two other ground handlers at Changi Airport, namely Singapore Airport Terminal Services, a unit of Singapore Airlines (SIAL.SI: Quote, Profile, Research, Stock Buzz), and Changi International Airport Services.

(Reporting by Melanie Lee; Editing by Kim Coghill)

 

[VIBGYOR]

- Lenovo (0992.HK), the world's fourth biggest PC maker, will move its Asia-Pacific headquarters from Singapore to Beijing, as part of a global restructuring plan to cope with falling with falling demand for computers. Some of its 200 local staff will lose their jobs, a company spokeswoman said.

 

[ahleebabasingaporethief]

Quick someone play the song "Fast And Furious".

China will screw S'pore properly. They may already have started by spreading AIDS via mei meis by the lorry loads.

 

[batman1]

- Lenovo (0992.HK), the world's fourth biggest PC maker, will move its Asia-Pacific headquarters from Singapore to Beijing, as part of a global restructuring plan to cope with falling with falling demand for computers. Some of its 200 local staff will lose their jobs, a company spokeswoman said.

Singapore is a "RETRENCHMENT HUB " ???