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Ascendas India Trust bruised by currency swing

Ascendas India Trust bruised by currency swing

Topline growth shrunk to 2% yoy as the Singapore dollar strengthened vs. the Indian rupee.

Parkway Life REIT’s revenue jumps 6% to S$23m in 4Q11

Revenue growth was driven by higher rent from the Singapore Hospital Properties.

Charges dropped against Mewah’s subsidiary and its Chairman

The court ruled that there is insufficient evidence to prove that Mewah Oil Sdn Bhd is capable of forging documents on a CPO purchase.

ST Engineering’s aerospace arm clinches a whopping $350m worth of contracts in 4Q11

These contracts will be carried out at its network of facilities and affiliates in the Americas, Asia Pacific and Europe.

MasterCard expands regional headquarter activities in Singapore

The Singapore headquarters will act as a command and control center for intellectual property management, brand management, and to spearhead and manage regional growth.

Ascott Reit sells Somerset Gordon Heights Melbourne

The approximately S$15.6 million divestment is expected to be completed in the second quarter of 2012.

Mapletree’s revenue surges 25% to S$66m in 3Q11

As renewal rental rates of its warehouses were higher than those achieved in 3Q10.

Hwa Hong Corporation issues profit warning for 4Q11 financial results

As trading of its investment securities did poorly in the last quarter of 2011.

Ezion bags $94m charter contract in North America

It will be providing a service rig to a national oil major in the region.

STX OSV sale by April?

Talk is growing that the debt-heavy shipbuilder will be snatched up soon, notes AmFraser.

SGX adds Polaris Futures as trading member

It will participate in the derivatives market and will focus on Taiwan trades.

Broadway Industrial buckled under disaster

Thai floods wreaked havoc to its profitability leading to a worse-than-expected 4Q11 net loss.

iOS platform losing dominance in AsiaPac

Developers in the region are now placing an equal focus on competitors like Android and Windows Phone.

Asia Pacific Breweries incorporates New Zealand subsidiary

Glenfield Hospitality Limited has set its sights on investing in a food and beverages outlet.

SPH awarded Sengkang commercial site

$328 million joint tender with United Engineers tops the bidding for the 8,790.3-sq.m. site.

Changi Airport breaks new passenger records

It was a busy 2011 as the airport handled 46.5 million passenger movements, up 10.7% yoy.

Woodsville Tunnel completion to ease traffic soon

The improved tunnel network will become operational starting January 28.