News

Tiger Airways profit rises to $1.9mln

Tiger Airways profit rises to $1.9mln

$7.4 million improvement driven by strong passenger growth, unit revenue increases, and continued strict cost control.

SIA Engineering staff gets $0.6 mln worth of bonuses

The aircraft maintenance company said it recognises efforts of its employees, the reason it is sharing its productivity gains with them.

SGX lists Consciencefood Holding

The Indonesian-based manufacturer seeks to expand further by joining the trade in Asia’s second biggest market.

SGX to draw more traders with new market initiatives

Newly-appointed Senior Vice President and Head of Fixed Income, Ms Tng Kwee Lian, will take charge of the proposed trading improvements.

MAS acts on DBS Bank's online service outage

Required lender to set aside additional S$230mln to its risk-weighted assets for operational risk.

DJR proposes delisting of Eastern Asia Technology from SGX

The investment holding company said it has lost competitiveness while faced with increasing global competition.

Tiger Airways celebrates 15mln passengers with 15-cent fares

Flights to Bangkok, Jakarta, Manila (Clark), Haikou and Macau priced at $15 plus taxes.

Singapore's 6.1% office rental growth is region's third highest

European debt crisis could hamper further growth of office space rental in the next quarters.

Ascott Reit bestows 773,988 property units as manager fees

The CapitaLand Limited’s subsidiary receives the Ascott Reit units for a price of S$1.1919 each, aside from the cash payment of S$922,516.81 as management fees.

COSCO seizes two contracts worth US$70 mln

The marine engineering company has claimed the rights to build two bulk carriers of 92,500 dwt each due on November 2011 and January 2012, respectively.

Sembcorp Marine profit up 28% to $176mln

Said increase was for the second quarter but Group's turnover down 27% while operating profit was 21% higher and pre-tax profit rose 26%.

Trading in Singapore Exchange grows in July

Securities daily average trading in July up 16% while that of futures and options increased 8%.

Singapore's prime rents up 3% in the second quarter

Despite demand growth, Asia's increased level of office space enquiries didn't immediately translate into leasing deals.

Singapore Airlines strikes deal with Changi Airport and STB

Tie-up to make Singapore a premiere holiday destination by enabling tourists to visit new attractions.

ST Engineering profit up 34% to $124mln

Said figure was for the second quarter of the year while $2.2bln of company's $11.3bln order book is expected to be delivered in the second half of 2010.

Cosco profit jumps 85% to S$68mln

The Group, however, is working to improve productivity after retrenching 1,500 employees and as it took more time to build new vessels compared to competitors.

Lian Beng bags $120mln deal to build The Scala

The deal has boosted Lian Beng Group's order book to $965 million.