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Olam acquired 1.3mn hectares of Forest Stewardship Council certified forest areas

Olam acquired 1.3mn hectares of Forest Stewardship Council certified forest areas

Congolaise Industrielle des Bois has obtained Forest Stewardship Council certification for an additional 571,100 hectares of natural forest areas.

Tender in Bishan receives record 19 bids

There is a 27% gap between the top bid of $550.1 million and the second bid.

Venture net profit surged 30.9% in 2010

However, full year revenue declined from $3.4 billion in FY2009 to $2.7 billion in FY 2010.

City Developments raises South Beach stake to two thirds

It is estimated that CDL could be paying about $150-170 million for Dubai World's one-third stake.

City Developments reports net profit of $749mn in 2010

The Group's balance sheets continue to be healthy with net gearing ratio at 29 per cent.

HSBC crosses 1 billion RMB milestone in Singapore

Over 1.25 bllion (S$250 million) in renminbi deposits has been raised since the Bank launched its suite of RMB savings and time deposit accounts in January 2011.

Jones Lang LaSalle appoints Hugo Bagué and Martin Nesbitt to its Board of Directors

Bagué will join the Board’s Compensation Committee and Nesbitt will join the Board’s Audit Committee.

Rotary Engineering posts record revenue of S$ 704.2 mln revenue for FY2010

The EPCM services provider registered an 18% jump in profit for last year, raking in S$63.7mln for its owners.

URA awards the White Site to GuocoLand

The land parcel will be transformed into a high-quality office and hotel development within the Central Business District.

Sembcorp Marine 2010 profit up 23% to $869mn

Overall enquiries have improved though competition remains fierce as the Group posted a net order book of S$4.8bn with completion and deliveries stretching until second quarter of 2013.

Alstom to build gas-fired cogen plant in Jurong

Alstom has been selected by Sembcorp to build a new 800-megawatt gas-fired combined cycle cogeneration plant in Singapore's Jurong island.

Singapore developer to build affordable housing in China

CapitaLand is in China will focus on China's affordable housing market, despite the recent cooling measures by the authorities to curb speculation.

Wilmar reported net profit of US$318.6mn in 4Q 2010

Excluding biological asset gains, 4Q10 net profit was US$117.8 million.

Cosco net profit soared to $249mn in FY2010

4Q 2010 net earnings surged 431% y-o-y and 70% q-o-q to $93.6 million.

UOL net attributable profit jumped 76% in FY2010

Net attributable profit increased to $745.8 million for the financial year ended 31 December 2010.

Genting reported FY2010 profit of $657.2mn

However, earnings in the 4Q of last year were 50% q-o-q lower.

Chartis marks debut launch of Insurance App for iPhone in Singapore

The accelerating sales of the iPhones worldwide has kick-started the iPhone applications market.