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The fund offers investors a multi-asset class approach to long-term wealth management with an Asian focus.

PATMI increased to $10 million due to the gain on divestment of a development site and lower depreciation.

Mayban IB, formerly known as Aseam Credit, announced the completion of the acquisition for 44.63% of the issued share capital of Kim Eng.

The shipbuilder reported a lower PATMI at S$7.0mln on the back of lower shipbuilding revenue.

The steel contractor won a S$75 million sub-contract for the construction of the new 7-storey sports stadium Located off Nicoll Highway, within the Kallang planning area, the key features of the new Stadium include a movable roof cover and a retractable grandstand.

The tender for the site closed today and MCL Land Limited submitted the highest bid.

First quarter global RevPAR grew 6.9%, including rate growth of 1.9%, said IHG.

The next possible stop for venturing investors from Singapore definitely has to be its booming neighboring country, Malaysia, said a government official from the middle-income economy while citing efforts to strengthen business environment.

This works out to be $1,164-$1,262 psf ppr including an estimated DC of $19.5 million based on a potential GFA of 102,648 sf.

URA has received an application from a developer who has committed to bid at a price of not less than $4,888,888.00 in the tender for the land parcel.

Gross profit margin soared 23.5% in the first quarter although net profit fell 39% YoY to S$151mln.

Overseas Union Enterprise net profit grew from $184.6 million to $227.6 million.

Net profit surged to $150.6 million, said Sembcorp Marine.

A top official at Singapore sovereign wealth fund GIC feels the world could face another major financial and economic crisis if the United States loses its AAA sovereign rating.

ST Electronics will develop a highly flexible simulation system for various armoured vehicles.

Although the company's revenue rose 39% YoY to S$23.2mln for 1Q11, the company's gross profit margin was lower at 30% vs. 32.4% in FY10.