News

Olam International profits up 50% on rise in volume

Olam International Ltd reported on Thursday a 50.3% rise in net profit after tax for first-half ended December 31, 2009 (H1 FY2010).

Olam International profits up 50% on rise in volume

Olam International Ltd reported on Thursday a 50.3% rise in net profit after tax for first-half ended December 31, 2009 (H1 FY2010).

Fraser and Neave profits up to $267m on F&B and properties

Fraser and Neave Ltd. reported Thursday its profits doubled to $267 million for the first quarter ended 31 December 2009.

Hiap Hoe profits up 319.5% on increased projects

Hiap Hoe Limited has reported a a record net profit of $34.3 million for the financial year ended 31 December 2009 (FY09).

UniCredit pulls trade team out of Singapore

The bank's Forfaiting & Trade Finance business moved to Hong Kong, headed by Charles Brough and Florence Kwan.

Resorts World Sentosa opens casino on Valentine's Day

Resorts World Sentosa will celebrate the holidays with the opening of its casino as it welcomes its first public guest on Sunday.

Great Eastern profits up 90% on investment returns

Great Eastern Holdings Limited reported Wednesday a full-year 2009 net profit of $516.7 million.

Dubai's Emaar to sell stakes in Singapore retailer RSH

Dubai's Emaar Properties is looking at selling its stake in RSH Holdings, a Singapore retailer valued at $164 million.

Temasek creates breakaway investment firm "Sea Town"

Temasek Holdings, the Singapore Government Investment firm, is creating a new spinoff for international investments called Sea Town and has appointed Charles Ong as its CEO.

2010 salary survey reveals who is earning what

Local salary levels may have remained static, but Robert Walters lets us in on the figures.

DBS interested in investing in Chinese bank

Possible investment in a mainland lender is part of DBS' aggressive expansion plan.

Expats back in favour as banks rehire

After cutting expat salaries and benefits to the bone in 2009, banks have been forced to change tack and pay for expats, survey finds.

MasterCard announces double digit Q4 growth in Asia/Pacific

APMEA region showed strong 20.3 percent rise in gross dollar volume and 18.6 percent in purchase volume.

It's official: Singapore is getting cheaper

Okay, it's only by 0.4 percent, but latest figures show Singapore actually got cheaper in the last six months of 2009 as deflation hit.

Genting gets casino license

The Singapore government has awarded Genting Bhd., Asia's largest publicly traded casino operator, and its Singapore unit a casino license, giving them the go-signal to cash in on the holiday crowd.

Samsung C&T inks deal on Singapore's first LNG terminal

Samsung C&T Corp. has sealed its bid to build Singapore's first liquefied natural gas terminal, Singapore's Energy Market Authority revealed.

SingTel customer base up by 23%

SingTel has registered strong growth in customer acquisitions with a combined regional mobile customer base of 285 million as at 31 December 2009, a 23 percent increase or 52 million from a year ago.

Keppel seals S$140M shipbuilding contracts

Keppel Singmarine, the specialised shipbuilding arm of Keppel Offshore & Marine Ltd, has secured three newbuilding contracts amounting to about S$140 million.