Singapore

ST Engineering profit up 9% to $92.8mln

ST Engineering profit up 9% to $92.8mln

Order book soared to $11.8bln at end of March, $3.2bln to be delivered within next months.

Keppel AmFELS delivers first of four Rowan rigs

Rig delivered on time and within budget with zero incidents.

Consumers resume credit bingeing

Singaporean consumers who survived the great recession have resumed binging on credit for that much needed iPhone or holiday overseas, according to latest figures released by the banks which show consumer loans will likely grow 13.3 % over 2010, ushering in a golden time for banks.

$1000 psf the “new normal” for condos

It was good while it lasted, but the second wind to Singapore’s residential property market seems to be blowing a lot softer coming into May than it did in the first part of the year. Worst affected – mass residential markets like those in the east coast. And the main reason is that prices have already rebounded to peak levels, and in some cases have already surpassed peak levels.

Barang Barang goes bust

After filing for voluntary liquidation in February, famed furniture maker Barang Barang announced its Managing Director Lim Kok Hui had resigned “for new prospects” as facebook customer groups go nuts.

Singapore, Saudi Arabia sign agreement for avoidance of double taxation

New DTA to further enhance strong bilateral trade links by minimising the double taxation of income.

Sembcorp, PUB open fifth NEWater plant

Latest and biggest NEWater plant will help meet 30% of Singapore's total water demand.

MicroFirst creates content for Marina Bay Sands

Company has created gaming content featured on 3,000 slot machines in US casinos.

Biomedical companies invested $800mln in Singapore in 2009

Global biotechnology and pharmaceutical companies that seek to capitalise on Asia's growth story are locating first-in-Asia manufacturing facilities and headquarters offices in Singapore.

Employer CPF contribution rate to go up 1%

Increase goes to Medisave and Special Accounts to help workers build up medical and retirement savings.

Solutia announces the acquisition of Novomatrix

Deal expands Solutia's reach in key emerging regions through Novomatrix's presence in Southeast Asia.

Swiber secures contract with South Asia oil operator

Tasks for its third contract in 2010 include engineering, procurement and laying of subsea pipelines.

Singapore maintains third place in Asia-Pacific office occupancy costs

Analysts expect a modest recovery in the local office market over the next three quarters.

Moody's says Asia Pacific credit trend to keep improving

Global economic recovery, China's economic condition, inflation and appreciation of Asian currencies used as key factors.

SMRT FY2010 profit up 0.1% at S$163mln

Yet results disappointed analysts as company's total operating expenses increased 10% during the global recession.

SingTel to provide vital communications lifeline in war zones

IsatPhone Pro enables business without boundaries to harness innovative applications to enhance user experience.

Singapore's employment in 1Q continued to grow strongly

Total employment is estimated to have grown by 34,000 in the first quarter, the third quarterly increase after two quarters of decline in the first half of 2009.