News Highlights Monday 2 June 2008

Fusionopolis Phase 1 nearly sold out already
The first phase of Fusionopolis - a complex with two towers and a podium - is almost fully taken up, ahead of its official opening this October. The complex is one of 10 buildings that make up Fusionopolis, a 30ha purpose-built infocommunications and media research and development site at the one-north area off Buona Vista Road. Besides offices and five floors of retail and food and beverage outlets, JTC has set aside space for sports and lifestyle activities, such as rooftop pools, fitness clubs and a theatre. To accommodate staff living in the complex, there will also be 50 serviced apartments. JTC charges rental rates of $4.67 psf for the business park. Fusionopolis Phase 2A, with 103,000 sq m of floor space, will be completed next year. Phase 2B, which is also scheduled to be completed by next year, is a 16-storey mixed office and retail building with a maximum gross floor area of 50,271 sq m.

- The Straits Times, H16




India eases overseas borrowing rules
The government had eased overseas borrowing rules for firms, raising the limit on the amount that a company can borrow abroad and repatriate to US$50 million from US$20 million. The Indian rupee climbed to its highest level in more than two weeks last Friday, and closed at 42.45/46 per US dollar.

- The Business Times, P16




NTU out to draw best researchers
Last November, NTU took out an advertisement in several journals to hunt for 10 young scientists to come and do research at NTU. By the time applications closed, 400 PhD holders hailing from universities across the US, UK and Europe had sent in their CVs. The 10 names will be announced later this year. Each will get up to $1 million to further their work over three years and be made assistant professors.

- The Business Times, P12


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