News

Singapore trails behind Hong Kong with 22% share in region’s total direct real estate investment, which rose 53% to US$18bln.

Yet they still seek more and faster data as survey finds data deluge driving IT investments in customer relationship management software and security systems.

SGX opens door to its 34th maritime & offshore listed company with market capitalisation of S$80mln.

Robust growth in Singapore and Australia helped propel the telecommunications company’s revenue for 2Q by 8% toS$4.44b despite incurring losses earlier this year due to the acquisition of an African mobile services provider.

The luxury real estate developer posted impressive results for the first nine months of 2010, with revenue rising 11% y-y to S$191.6 mil, and PATMI soaring 517% to S$33.4 mil.

The action raises the government's foreign and local currency bond ratings to Aa3 from A1, China's country ceilings for foreign and local currency bank deposits to Aa3 from A1, and the ceilings for foreign and local currency bonds to Aa3 from A1.

Phillip Securities Research notes the chemical manufacturing company’s “spectacular ascent” as its net profit exceeded the estimate by 91.1% and revenue by 22.2% for 3Q10.

Software and Software Related Services revenue in the Asia Pacific-Japan region reached €300 million while total revenue saw a corresponding 20% growth to €365 million.

Optus 3G subscribers increased to 4.5mln in the quarter, with wireless broadband subscribers more than 1mln.

Phillip Securities Research has upgraded the trading company's stock recommendation to a "Buy" in light of its 82% jump in revenue for 9M10 and recovery of its margins in the Agriculture segment.

The construction company's revenue for the first nine months of 2010 might have contracted due to lower revenue contribution from general construction, but gross profit expanded 49%, thanks to specialised engineering projects.

The Group sees steady growth as advance bookings for the coming months indicate that demand is holding up.

The airport sets environmental targets by conserving energy, recycling water, and tree planting.

The company expects to maintain its year-on-year growth of its 2010 operating revenue to be in the low single digit range.

The Group’ maintains healthy net cash position of S$183.9mln at the end of second quarter of FY2011 as its Energy-related engineering revenue up 34%.

Application modernization is companies' top priority for 2011 as they reach a consensus that the costs, resources and time required updating and maintaining legacy applications negatively impacts their ability to quickly deliver new services, according to a new survey conducted fon behalf of HP.