News

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.

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.

M1 to offer iPad with Wi-Fi + 3G

Firm upbeat on plans that provide value and flexibility as it sells them without contract.

Keppel Land grows profit to $134.7mln in the first half of 2010

Strong contributions came from Reflections and Caribbean at Keppel Bay and Marina Bay Suites as well as up sales in China and Indonesia properties.

CapitaMalls' RM1.0 bln fund proposal is not yet final

CMA clarifies the details of the billion ringgit proposal in response to a story published by The Business Times on 17 July.

Singapore property market segments rebound in 2Q 2010

Estimated 19.3% economic growth made buyers upbeat on property but caution on European debt crisis remains.

Temasek's first offering of sterling-denominated bonds oversubscribed

Buyers bid for double the securities on offer despite sterling bond sales halved to 53bln pounds.

SingTel increases finance unit's share capital to S$50mln

SingTel Treasury had only S$2 share capital before parent company injected $50mln.

Neptune Orient Lines container carriage up 29%

NOL's average revenue per container in June jumped 32% from a year ago to $2,892.

Templeton reduces Parkway stake to 4.97%

US fund manager sold 357,000 shares as Khazanah and Fortis fight for control of Parkway.