Singapore

Keppel, Seafox secure first job in offshore wind market

A contract from the joint-venture Aarsleff Bilfinger Berger Dan Tysk, worth in excess of EUR 35 million, has been secured for SEAFOX 5.

Keppel, Seafox secure first job in offshore wind market

A contract from the joint-venture Aarsleff Bilfinger Berger Dan Tysk, worth in excess of EUR 35 million, has been secured for SEAFOX 5.

CapitaLand clinched contract from China Overseas Property

Ascott, CapitaLand's wholly-owned serviced residence business unit will manage the first international brand of serviced residence in Macau SAR.

NODX contracted 2.9% month-on-month in March 2011

On a year-on-year basis, however, NODX rose by 10%, following the 6.9% increase in the previous month.

Mapletree launches $893mn IPO

712,894,000 Units are offered with 302,197,000 Cornerstone Investor tranche, according to Mapletree.

ST Engineering Aerospace arm secured about $320mn worth of contracts in 1Q 2011

These contracts for the Aircraft Maintenance & Modification, Component Total Support and Engine Total Support businesses will be carried out at its facilities in the Americas, Asia Pacific and Europe.

Singapore Airlines passenger load factors fell to 73.2% in March 2011

March load factors were weaker, with both passenger and cargo numbers coming off.

Singapore most competitive tourism industry in Asia

The countries that are traditionally more reliant on tourism also tend to invest more heavily in the sector, said UBS.

Strong labor market to boost retail sales in 2011

Retail sales will this year find support from good job prospects and rising wages, said HSBC.

OUE to buy LCH Hotels for $224.5mn

OUE will advance LC Airport Hotel a sum equal to the Loan Settlement SUm of $68.5 million to discharge the Shareholders Loans and LC Airport Hotel's bank borrowings.

Singapore Stock Market to trade range this week

EXCLUSIVE: The market will more likely to trade range this week as US strong economic performance may not be able to offset lingering concerns over China’s another round of policy tightening, according to experts.

SGX launches SGX Co-Location Service

Co-Location customers will experience connectivity speeds of at least 250 times faser than conventional access methods in Singapore.

M1 net profit jumped 8.3% in 1Q 2011

Net profit also increased quarter-on-quarter to $42.6 million, according to OCBC Investment Research's report.

Property sales down 6.7% in 1Q 2011

Sales totalled 3,701 units compared to 3,965 units sold in 4Q 2010.

April 2011 developers' sales volume level could challenge March 2011's

Affordably-priced projects with good attributes are still expected to enjoy healthy sales.

OSIM buys 35% stake in TWG Tea

This will be for a consideration of $31.36 million, said OSIM International.

Singapore Airlines to raise fuel fee

Singapore Airlines Ltd. will raise fuel surcharges for its flights after jet fuel prices increased more than 30 percent since the beginning of the year.

Hoi Hupp sold 82% of March best seller “Questa”

Hoi Hupp’s Questa which opened in March 12 sold 100 out of 122 units at the end of the month, the most number of units sold among eight other new condominiums which previewed last month, data from the Urban Redevelopment Authority (URA) show.