As our millionaire ministers and "greater mortal" MPs were tossing yusheng and wishing each other prosperity, Rolls Royce has just announced that they are suspending building factories in Spore.
http://www.reuters.com/article/marketsNews/idUSSIN42428320090209
Rolls Royce,Pratt & Whitney suspend Singapore projects
SINGAPORE, Feb 9 (Reuters) - Aircraft engine makers Rolls Royce (RR.L) and Pratt & Whitney have put on hold plans to build factories in Singapore because of the uncertain global economic outlook, the Straits Times reported on Monday.
Their projects, originally scheduled for completion this year, have been deferred for at least a year, the newspaper quoted the Economic Development Board, Singapore's investment agency, as saying.
Pratt & Whitney is part of U.S. conglomerate United Technologies (UTX.N). (Reporting by Kevin Lim; Editing by Dhara Ranasinghe
http://www.reuters.com/article/marketsNews/idUSSIN42428320090209
Rolls Royce,Pratt & Whitney suspend Singapore projects
SINGAPORE, Feb 9 (Reuters) - Aircraft engine makers Rolls Royce (RR.L) and Pratt & Whitney have put on hold plans to build factories in Singapore because of the uncertain global economic outlook, the Straits Times reported on Monday.
Their projects, originally scheduled for completion this year, have been deferred for at least a year, the newspaper quoted the Economic Development Board, Singapore's investment agency, as saying.
Pratt & Whitney is part of U.S. conglomerate United Technologies (UTX.N). (Reporting by Kevin Lim; Editing by Dhara Ranasinghe