News

Sembcorp Marine profit up 28% to $176mln

Sembcorp Marine profit up 28% to $176mln

Said increase was for the second quarter but Group's turnover down 27% while operating profit was 21% higher and pre-tax profit rose 26%.

Trading in Singapore Exchange grows in July

Securities daily average trading in July up 16% while that of futures and options increased 8%.

Singapore's prime rents up 3% in the second quarter

Despite demand growth, Asia's increased level of office space enquiries didn't immediately translate into leasing deals.

Singapore Airlines strikes deal with Changi Airport and STB

Tie-up to make Singapore a premiere holiday destination by enabling tourists to visit new attractions.

ST Engineering profit up 34% to $124mln

Said figure was for the second quarter of the year while $2.2bln of company's $11.3bln order book is expected to be delivered in the second half of 2010.

Cosco profit jumps 85% to S$68mln

The Group, however, is working to improve productivity after retrenching 1,500 employees and as it took more time to build new vessels compared to competitors.

Lian Beng bags $120mln deal to build The Scala

The deal has boosted Lian Beng Group's order book to $965 million.

ST Electronics wins $28mln deal for Singapore Downtown Line

Project to support installation of DTL Mass Rapid Transit to be completed in 2016.

SGX net profit at $320.1 million for financial year ended 30 June

Revenue for the full financial year ended 30 June 2010 grew 8% to $639.7 million on increased equity trading and a revival in primary market activities.

Thai Airways plans to strike deal with Tiger

Carriers still want to gain most out of low-cost airlines despite the overcrowded market in Asia.

Singapore Airlines plans to go paperless

Reduces amount of paper on board that increases fuel consumption and weight by introducing inflight e-magazines.

SingTel Group Treasury launches S$10 billion debt programme

A subsidiary of Singapore's largest telecommunications company by market value is introducing a Guaranteed Euro Medium Term Note Programme.

DBS' net interest margins fall to 1.84% in the second quarter

The bank said more than half of the margin decline was due to a shift in the securities portfolio towards higher-quality issues with lower yields.

Kreuz Holdings lists on SGX

Singapore Exchange announced the listing of Kreuz Holdings Limited on the Catalist board, under the ticker symbol "Kreuz".

Keppel forms joint venture company with Seafox

Offshore arm Keppel FELS commercialised its wind turbine installation vessel design to be the basis for Seafox Group’s wind turbine installation vessel.

Tiger Airways launches 45-cent fares to Malaysia and Thailand

Singapore’s budget carrier gives passengers another reason to celebrate for the 45th National Day.

Non-compliance sends FM Holdings off the Catalist

Singapore Exchange delists the ODM and OEM manufacturing company for failing to engage a sponsor for more than 3 months.