News
Singapore Airlines accomplishes first half profit turnaround to $633mln
Singapore Airlines accomplishes first half profit turnaround to $633mln
The Group sees steady growth as advance bookings for the coming months indicate that demand is holding up.
Changi Airport to use sustainable energy
The airport sets environmental targets by conserving energy, recycling water, and tree planting.
StarHub third quarter profit up 4% to S$82mln
The company expects to maintain its year-on-year growth of its 2010 operating revenue to be in the low single digit range.
Boustead profit down 25% to S$8.1mln
The Group’ maintains healthy net cash position of S$183.9mln at the end of second quarter of FY2011 as its Energy-related engineering revenue up 34%.
Old age slowing 'em down: A combined 70% of IT execs admit to running apps as old or even older than their kids
Application modernization is companies' top priority for 2011 as they reach a consensus that the costs, resources and time required updating and maintaining legacy applications negatively impacts their ability to quickly deliver new services, according to a new survey conducted fon behalf of HP.
Bangladeshi brokerage firm partners with Macquarie Securities Group to advance market research
BRAC EPL Stock Brokerage Limited's research agreement with MSG enables MSG’s clients to receive co-branded equity research on Bangladesh.
CapitaMalls Asia to invest S$747.2mln in Shanghai mall and office development
The site in Luwan district will be well positioned to serve the affluent residents and working professionals.
Keppel Land to issue S$500mln convertible bonds
Proceeds will be used to finance potential acquisition opportunities in the future, to refinance existing debts and for working capital purposes.
Fortune REIT finishes strong in 3Q, revenue income up by 23.5%
The Singapore-listed trust's net property income also grew by 24.5% to HK$444.5 million for the first nine months of 2010 as improved economic conditions revive interest in acquiring properties.
Hazy future for Hyflux due to thinning orderbook
The company’s 3Q10 performance exceeded expectations but outlook is dampened because of the project delay in Libya.
Fitch assigns expected 'A+' rating to OCBC's subordinated notes
The rating on the Subordinated Notes—due 2022 callable in 2017—is one notch below OCBC's 'AA-' Long-term foreign-currency Issuer Default Rating (IDR).
Sembcorp Marine's surge seen to continue until 2012
Analysts have raised net profit estimates by 2.8% to S$785m in FY2012E as crude oil prices are likely to bring in more orders for the shipping company.
DBS Bank seen to defy analysts' year-end predictions
With record net profit of S$1.97b for 9M10 and revenue growth of 14.7% y-y, the bank’s full year earnings for FY10 is likely to exceed the S$6.9b forecast by about S$300m.
Crystal Cruises' winning streak continues, voted best luxury cruise line for the 17th time
The wholly-owned NYK subsidiary was picked by both the US and UK editions of Conde Nast Traveler magazine and holds the distinction of having won the award more than any other cruise line, hotel, or resort in history.
Hold your horses: Polo enthusiasts have to be invited to play in new Tianjin landmark
Tianjin Goldin Metropolitan Polo Club and Hotel boasts of two full-sized international standard polo fields—the largest of its kind in China—and they are exclusively for members’ use.
Soilbuild clinches contract for prime industrial site
The developer won the tender for parcels 2, 3 and 4 at Yishun Street 23/Yishun Avenue 9 with a S$64.01m bid.
Business as usual: Changi Airport operations unaffected by Qantas plane distress
An updated statement from CAG said Runway 2, which has remained closed since the landing, will reopen later today while flights have continued to take off and land at Runway 1.
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