News

Electronics and biomedical manufacturing clusters were the top performers with 80.6% and 48.4% year-on-year growth respectively.

SIA will replace its Boeing 777 operations on particular destinations and also start using Airbus A330-300s on regional routes.

Recorded as the highest ever in the month of January, visitor arrivals to Singapore grew by 17.6% year-on-year.

Changi Airport Group has acquired a 5% stake, its largest acquisition to date, in the holding company of Aeroporti di Roma.

CapitaLand Commercial (Malaysia) Sdn Bhd has been established with investment and provision of project services as its core activities.

Development charges for the industrial property sector are unchanged while commercial and non-landed residential see revisions.

Wilmar International Limited posted a net profit of US$1.88 billion, with 18% increase in profit for the last quarter.

The Group's main contributor, Structural Steelworks, saw marginal increase in revenue from S$254.2 million in FY2008 to S$256.8 in FY2009.

Inherent lumpiness though of revenue recognition caused a decline in revenue from RMB713.7 million to RMB155.0 million.

Bad news though is the 38.9% rise in impairment charges which negated the bank's strong operating performance.

The economic recovery among members of the Association of Southeast Asian Nations is gathering significant momentum. Most economies booked impressive annual growth rates in the fourth quarter of 2009, thanks to recovering external demand and improving domestic economies. Surging foreign trade helped Thailand record its fastest quarterly growth in a decade. The recovery in global demand helped by policy stimulus measures and inventory restocking has played a major role in driving industrial production, which is boosting Malaysia’s growth. In the Philippines, rising industrial output managed to offset a typhoon-induced contraction in agricultural output.

With its construction segment seeing 39% rise in revenue, OKP reported net profit of S$14.4 million for 2009.

Just two and a half months after the opening of Shell's mono-ethylene glycol plant, its ethylene cracker complex is now being prepped for start-up.

Passenger numbers increased 54% resulting to revenue growth from $107.8 million to $139.5 million.

Disciplined management and committed goal of maximising long-term shareholder results translated to company’s Aaa rating.

But Group is upbeat for 2010 as its 2009 Q4 net rockets by 87%.