Singapore
Cosco's plummeting profit fears overstated
Silverlining seen at US$1b worth of new orders in 1H12.
ComfortDelGro unit acquires part of Aussie bus group
Purchase consideration for the acquisition is around S$69.2m.
Industrial landlords deliver surprising 2Q12 results
Occupancy rate as at end-June stood at 98.4%, or a 60-bp improvement QoQ, while the weighted average lease to expiry held steady at 3.6 years.
Singapore dollar remains at $1.2477 against the greenback
The US dollar faced some weakness heading into the Fed’s meeting, says IG Markets Singapore.
STI closes at a year-high above 3050
The index continued to display resilience, says OCBC Investment Research.
Daily Briefing: What did a Singaporean do to be fined S$4,710?
Here are the day’s stories from around the web that Singaporeans are talking about.
OCBC hits record 23% profit surge
Thanks to robust trading and insurance revenue from Great Eastern Holdings.
Chart of the Day: Cheaper units account for 27% of new sales
Lower-priced units are those sold for less than $750,000.
1 Dish 2 Wines: What you need to know
RWS Invites is offering a One Dish, Two Wines promotion at Osia, Forest 森, Feng Shui Inn, Palio, and Starz. It features a pairing of two wines to a signature dish from each of these establishments.
Enjoy special staycation rate at Equarius Hotel
At $330++ per night from the usual price $870++, RWS Invites members will be able to enjoy a stay at Equarius Hotel’s deluxe room and eat at Forest 森™’s American Breakfast.
Cosco profit narrows 13.3% to $27.6 million
Gross profit is up for the engineering firm but was eaten up by plummeting other income and almost tripling finance costs.
Cosco adopts cautious outlook as new orders dwindle
More shipowners will be sitting at the sidelines instead of purchasing new vessels from the marine engineering specialist.
CapitaLand selling streak strengthens in China
It sold a brisk 812 units in the second quarter among its Beijing, Chengdu and Shanghai properties to bring total units sold in 1H12 to 1,067 units.
Weaker margins for Cosco as it barrels into price wars
The marine engineering group will struggle to keep margins afloat by continuing to compete with aggressively low bids, says Maybank Kim Eng.
URA to launch tender for Victoria Street site
The 30,997-sqm may be developed to a hotel or commercial and residential development.
Singapore Exchange urged to get tough on foreign listed companies
Here are 5 key proposals from Securities Investors Association to protect retail investors.
OCBC's 2Q12 earnings likely to disappoint, warns analyst
The strong trading profits recorded in 1Q12 are unlikely to repeat this time.
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