New Singapore office for Chamber
THE Irish Chamber of Commerce has opened a new office in Singapore. The office was previously known as the Irish Business Association. The new office was launched last night by Communications, Energy and Natural Resources Minister Eamon Ryan. The Irish Business Association had been in Singapore for 18 years and claims more than 180 members. Mr Ryan described the Chamber as a "testament to the dedication and creativity of the Irish diaspora".
Cityjet passenger numbers up 48pc
CITYJET, the Dublin-based Air France-KLM subsidiary, recorded a 48pc increase in passenger numbers between Dublin and London City Airport in the 12 months to the end of February. It carried nearly 162,000 passengers to the airport once owned by financier Dermot Desmond. Meanwhile, Aer Lingus non-executive director Anne Mills is to step down from the airline's board on Monday following the expiry of her term.
Anglo seeks $2.6m loan to developers
ANGLO Irish Bank has initiated court action against two prominent Florida property developers for the repayment of a $2.6m (€1.92m) loan originally granted in 2008. Anglo is suing Izzy Ashkenazy and his son-in-law, Jonathan Agus, in a court in Palm Beach, Florida. Anglo claims the two men failed to make repayments that started falling due last September.
PC World, Currys in retail overhaul
THE parent company of Currys and PC World, which has 27 stores in the Republic, is to overhaul its retail operations by putting both brands under one store in several cases and opening new stores across its network. DSG International also published plans yesterday to improve staff training and more flexible home delivery and repair services.
Lloyds eyes profit return this year
BRITISH bank Lloyds surprised analysts yesterday by announcing that it expects to return to profit this year. Only last month it had announced an annual loss of €6.3bn. The firm cited lower than expected losses on bad loans as the reason for the optimistic forecast.