Singapore

What's next after Industrial Building Allowance phases out?

As Singapore gears itself towards improving land productivity, the industrial building allowance (IBA), which was first introduced in the 1940s to encourage industrialisation, will be phased out.

What's next after Industrial Building Allowance phases out?

As Singapore gears itself towards improving land productivity, the industrial building allowance (IBA), which was first introduced in the 1940s to encourage industrialisation, will be phased out.

Singapore Airlines deploys A330-300s on more routes

SIA will replace its Boeing 777 operations on particular destinations and also start using Airbus A330-300s on regional routes.

908,000 people visited Singapore in January 2010

Recorded as the highest ever in the month of January, visitor arrivals to Singapore grew by 17.6% year-on-year.

Changi Airport Group invests S$100mln in Rome airports

Changi Airport Group has acquired a 5% stake, its largest acquisition to date, in the holding company of Aeroporti di Roma.

CapitaLand puts up subsidiary in Malaysia

CapitaLand Commercial (Malaysia) Sdn Bhd has been established with investment and provision of project services as its core activities.

Singapore Polo Club opens retail shop "The Polo Loft"

The Singapore Polo Club celebrated its one year anniversary of their retail shop 25 February with the unveiling of the new name of its equestrian themed shop.

Development charges revised for different property sectors

Development charges for the industrial property sector are unchanged while commercial and non-landed residential see revisions.

Wilmar profits up 23% on higher volume and prices

Wilmar International Limited posted a net profit of US$1.88 billion, with 18% increase in profit for the last quarter.

Yongnam pre-tax profits up 33% to S$48.8 million

The Group's main contributor, Structural Steelworks, saw marginal increase in revenue from S$254.2 million in FY2008 to S$256.8 in FY2009.

CentraLand profits up to RMB12.2 million on rental income

Inherent lumpiness though of revenue recognition caused a decline in revenue from RMB713.7 million to RMB155.0 million.

UOB operating profits up to S$3.33bln on stable core franchise

Bad news though is the 38.9% rise in impairment charges which negated the bank's strong operating performance.

Recoveries not ready to go solo: Moody's Economy.com

The economic recovery among members of the Association of Southeast Asian Nations is gathering significant momentum. Most economies booked impressive annual growth rates in the fourth quarter of 2009, thanks to recovering external demand and improving domestic economies. Surging foreign trade helped Thailand record its fastest quarterly growth in a decade. The recovery in global demand helped by policy stimulus measures and inventory restocking has played a major role in driving industrial production, which is boosting Malaysia’s growth. In the Philippines, rising industrial output managed to offset a typhoon-induced contraction in agricultural output.

OKP profits up 52% on construction growth

With its construction segment seeing 39% rise in revenue, OKP reported net profit of S$14.4 million for 2009.

Shell Eastern Petrochemicals Complex to start up 2nd unit

Just two and a half months after the opening of Shell's mono-ethylene glycol plant, its ethylene cracker complex is now being prepped for start-up.

Ship owners crushed by new supply and bad rates

Now that the cash flows are disappearing owners are now left with spare capacity, what will it do if rates do not recover asks KMPG?

Tiger Airways 3Q profits up to $14.1mln on traffic growth

Passenger numbers increased 54% resulting to revenue growth from $107.8 million to $139.5 million.

Rabobank appoints Soh Hang Kwang CEO of Singapore branch

Under Head of Asia for Rabobank International Robert Jan van Zadelhoff, Soh Hang Kwang will also lead Representative Markets.