News

ComfortDelGro profit up 6.8% to S$53.5m

ComfortDelGro profit up 6.8% to S$53.5m

Thanks to the taxi business which accounted for about 43% of the increase in Group revenue.

Golden Agri-Resources allots $500 million to asset-building

Its capex list includes purchasing more palm oil plantations, processing facilities and other logistics upgrades.

Will freight rates plunge to all-time lows again?

The danger is there as the shipping industry hits a price hike cap but it could be averted if the biggest players refrain from adding more capacity.

Singapore's luxury residential prime market down 2% for Q1

So which cities in Asia have the highest for the quarter?

UOL's 1Q12 profit down 63% to S$84m

The decrease is due to reduced profits from property development segment and from associates.

Golden Agri-Resources profit down 30% to $162m

Among the factors that bugged the company’s performance was higher fertiliser application.

Singapore Airlines, Scandinavian Airlines sign joint agreement

The partnership is expected to lead to growth in existing air services between Singapore and Scandinavia.

OCBC earnings boom is unsustainable

Its1Q12 earnings wowed the markets but on closer inspection it is composed mainly of one-off investment gains.

Which telco gained the most subscribers in 1Q12?

SingTel beat its two rivals in mobile subscriber acquisitions for the first quarter of the year.

Singapore Airlines faces tough year ahead

Lower passenger yields, higher fuel prices and long-recovering air freight demand will blunt its whole-year prospects, says OCBC.

City Developments' PATMI spirals down by 44.5%

Lack of gains from the disposal of the Corporate Office caused the steep decline in City Development's profit after tax and minority interests.

Noble Group's 1Q profit down 45.8%

The decrease is due to loss in supply chain assets and slow agriculture season.

Wilmar headline 1Q figures disappoint at first glance

Closer inspection reveals improvement in certain areas, says Phillip Capital.

Genting Singapore's net profit slips close to 31%

Lower revenue and higher depreciation expense drove decline in numbers.

OCBC profit jumps 32% to S$832m

Net interest income rose by 21% to S$951million with loan growth partly offset by lower net interest margin.

UOB banking on higher loan yields

It considers US loans as its primary growth driver and will seek to build up its loan book over deposits.

Competition hits SIA hard

It had no choice but to slash prices despite higher fuel prices in a bid to woo passengers.