News

Frasers Centrepoint 3Q10 net property income up 46%

Frasers Centrepoint 3Q10 net property income up 46%

Eyes further growth as $72mln rejuvenation and enhancement of Causeway Point has started.

COSCO strikes US$500mln deal to build drillship

The vessel is designed to drill wells in international oilfields with high efficiency and safety in harsh environments.

Singapore Airlines to fly more in Northern Winter

A bigger demand for travel will increase frequency in flights starting 31 October 2010.

CapitaRetail China Trust gross revenue drops 2.8% in H1 2010

However, in RMB terms, CRCT’s gross revenue achieved a net income of RMB97.2 mln in the second quarter, which is up 8.8% from the same period in 2009.

Keppel Corp's Infrastructure Division posts 35% decrease in profit

Keppel Corp improved its net profit by 11%, but review of Group performance revealed pre-tax profit from Infrastructure Division fell to $51 million due to lower contribution from EPC contracts.

Singapore parking is cheapest

But only among global financial hubs, with Singapore’s monthly parking rates at US$192.89.

Tiger Airways soon to land in Taipei

Singapore’s low-cost airlines continue to expand in Greater China with the addition of Taipei, when flights commence on 11/1/11.

OCBC offers iPad banking and trading applications

OCBC becoming the first financial institution to launch applications for one of Apple’s latest gadget, continues to pull on technological innovation for its clients and investors.

FSL TRUST slams writ on Daxin Petroleum and subsidiaries

FSL wants remedy for all the damages caused by the arrest of Nika I and FSL Singapore.

SGX to clear OTC container swap contracts in August

Clearing services will cover routes from Shanghai to Europe, Mediterranean, US West Coast and US East Coast.

Temasek to offer S$1 bln benchmark bond

The Singapore state investor expressed intentions to launch a S$1 billion 40-year benchmark Temasek bond set to mature in August 2050.

Wilmar buys Natural Oleochemicals for $140mln

The agribusiness company said the steady growth of the oleochemical industry is due to sustained economic development and increased global demand for an eco-friendly functional product.

NOL Group buys vessels worth US$1.2 bln

The shipping and logistics company is investing in 12 new vessels to meet future growth needs and to replace those with soon-to-expire charter agreements.

MDA charges SingNet $50,000 for TV outage in March

Media Development Authority said SingNet failed to comply with licence conditions on Quality of Service and Consumer Service when it had a software glitch on 1 March 2010.

Singapore Airlines served 7.7% more passengers in June

Overall cargo traffic also continued growth at 14.2% and outpaced systemwide capacity growth of 12.4%.

Keppel strikes S$170mln deal with 2 Brazilian firms

Keppel O&M furthers 30-year partnership with the Brazilian market as it serves SBM and QGOG.

CapitaCommercial Trust's distributable income up 17.8%

The firm unlocked value from the sale of Starhub Centre with S$113.3mln gain.