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ASL Marine's net profit slips by 1% to S$8m

ASL Marine's net profit slips by 1% to S$8m

Higher operating expenses was the reason given for the decline. On the other hand, ASL Marine reported a gross profit increase of 53% to S$16m. 

Pan Pacific Hotels Group to launch Pan Pacific Serviced Suites Beach Road

It is the fourth in the group's portfolio which includes Pan Pacific Serviced Suites Bangkok and Pan Pacific Service Suites Ningbo opening this August.

Frasers Hospitality launches Capri by Fraser

The new hotel residence is the latest addition to the company's portfolio which will include more than 73 properties in 39 cities worldwide within the next three years.

Singapore's nationwide fibre network 90% complete

OpenNet commits to 100% completion by mid-2012. To date, there are 133,000 active subscribers.

Former employees of MF Global Singapore sue

The group claiming they are owed at least S$3.5 million by MF Global Singapore filed a lawsuit to demand information as to how they will be paid.

SIA Engineering profit up 4.1% to over $269m

Results included a write-back of tax provision of $3.1 million arising from a change in the tax rules relating to an overseas associated company.

Marco Polo Marine's profit sinks by 22%

The weakening of the rupiah against the US dollar led to MPM's share loss of S$0.8m from Bina Buana Raya instead of earning a S$1.2m profit.

Otto Marine issues profit warning

If you’re a shareholder, you might want to know that the company and its subsidiaries expect to report a loss for first quarter ended 31 March 2012.

Sembcorp acquires power assets in China for US$85.5 million

The acquisition includes a 49% stake in four wind power assets and a coal-fired power plant.

Hyflux margin drain might soon be plugged

The Singapore-listed water treatment firm has suffered a major drop in gross margins which could recover by this year.

Rotary Engineering posts S$3.2m profits

And only 34% of the S$133.4m revenue was derived from Singapore.

Woodlands site tender bid tops at $247 million

Hao Yuan Investment Pte Ltd won against a small field of five bidders, with an expected sell price of up to $750 psf.

Making a splash: Watercolours opens

Opening its application on Labour Day, the executive condominium has already received 400 online applications.

COSCO secures US$200M deal from COTEMAR

COSCO wins the contract to build one unit of Semi Submersible Accommodation Vessel that will operate in the Gulf of Mexico and in the North Sea.

CIOs face challenges on cloud computing services

It is rapidly gaining popularity and yet many tech professionals remain cynical, for good reasons – find them out.

Demand for Apple iPhone 4S could buoy StarHub's profit

With continuous sales of the iPhone model, StarHub's net profit may come in around S$78m, representing an increase of 13.3%.