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Tiger to launch new SEAIR domestic flights in RP
Tiger to launch new SEAIR domestic flights in RP
SEAIR will operate up to 16 flights per day between Manila-Cebu and Manila-Davao under its airline partnership program with Tiger Airways.
DBS net profit surged to record $807mln in 1Q11
Net profit rose 52% from a year ago and 19% from the previous quarter, said DBS.
MAS imposes civil penalty enforcement action for insider trading incident
The agency penalized Song Qing for purchasing 40,000 Bright World shares after reviewing the translation of draft legal documents regarding China Holdings’ voluntary conditional offer.
Hitachi joins forces with A*STAR to improve genomic sequencing data storage
The collaboration between the two organisations is aimed on meeting the high performance and low storage cost demands in storing, accessing, and managing large genome databases.
Tender for Hillview Avenue received highest bid of $289.8mn
The highest bid for the commercial and residential site came from Tuas Technology Park.
Singapore Land net profit up 5% in 1Q 2011
Net profit increased from $55.5 million to $58.2 million for the period ended 31 March 2011, said Singapore Land.
Mapletree Industrial Trust occupancy surged 93.2% in 4Q 2011
This is on the back of high retention rate of 86%, indicating a strong underlying demand for industrial space.
TrustSphere named as a "Gartner Cool Vendor" for 2011
Gartner identified TrustSphere as one of the few highly innovative technology providers working on the mission-critical issue of protecting enterprisers' and end users' sensitive data.
a-iTrust 2010 profit down 4% to S$70.6mn
Yet the company’s revenue growth continued in FY2010/11 to S$121.5mn or 1% increase behind a steady performance from its basic portfolio.
Tender for comercial site at Paya Lebar Road/Eunos Road 8 awarded to joint bidder
Siong Feng Development, Guthrie and Sun Venture Commercial submitted the highest bid of $585.6 million in the tender for the site.
CIMB TCA invests AUD 84mln for Aussie property
The investment manager of CIMB Trust Capital Australian Office Fund No.1 LP acquired the Melbourne property from Investa Property Group.
OSIM net profit jumped 150% in 1Q 2011
They reported a PATMI of $20 million which exceeded street estimates.
Mapletree IPO oversubscribed by 8.38 times
Strong demand of approximately 4.99 billion Units was received for the Placement Tranche of 548,059,000 Units.
$82mn RTV licence fee refunds completed
In total, 1.1 million cheques were mailed out in a nationwide exercise to any licensee who had paid his 2011 RTV licence fee in advance, prior to the abolition of the RTV licence.
More than 500 firms tap construction productivity fund
More than 500 construction firms have tapped on the Construction Productivity and Capability Fund.
New sectors targetted for workplace safety and health
The Workplace Safety and Health campaign for 2011 was launched with new sectors coming under its radar.
SGX lists Hyflux preference shares
Hyflux listed $400 million of preference shares, said Singapore Exchange.
Commentary
ASEAN's unity is being tested in the age of economic warfare
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The adversary ecosystem Singapore boards must confront
Why Singapore’s fast payments need faster protections