News

Monthly traffic crosses 40-million mark for first time in history in December as airport sees double digit growth registered for cargo movements in 2011.

PPL Shipyard signed another turnkey contract to build a jack-up rig with Atwood Oceanics Pacific Limited.

China remained the most liquid market in Asia Pacific in 4Q 2010, accounting up to 50% of the activities in the region.

 

To enhance access to companies listed on SGX, trading hours will be from 9:00am to 5:00pm.

Distributable income came in at $221 million, according to CapitaCommercial Trust Management Limited.

After consistently disappointing Phillip Securities' estimates, Phillip Securities lowered their SDAV estimates for 3QFY11 and 4QFY11 to $2 billion.

The lower load factor was attributed to smaller volume of lower fare promotions.

Excluding ECs, 1,332 units were sold in December, according to DBS.

Adjusted net profit came in at $81.7 million and net profit without adjustment came in at $74.2 million.

Inflation may reach 5% in the coming months, MAS Deputy Managing Director Ong Chong Tee said.

Strong wage growth and buoyant corporate earnings are expected to bolster the official coffer, DBS said.

Recent export numbers were on the weak side following the very rapid expansion seen from end-2009 and well into 2010, HSBC said.

A 1.1% contraction in electronic products dragged down the expansion of NODX.

Compared to the 13% y-o-y growth in the previous month, Singapore total trade eased in December 2010.

Sembawang Shipyard also secured three major upgrading contracts worth S$92 mln, including an LNG carrier longevity project.