Singapore
SGX’s net profit drops 7% to $295m in FY11
The funds raised through its IPOs amounted to a record $14b, placing it sixth worldwide.
SGX’s net profit drops 7% to $295m in FY11
The funds raised through its IPOs amounted to a record $14b, placing it sixth worldwide.
76% of AsiaPac governments need ICT sustainability
While in Singapore, the focus is on reducing the energy and operating costs of Data Centres.
Amtek Engineering’s US$11.4m profit below expectations
But sales improved 7% yoy and qoq to US$176m in 4QFY11.
Part of Bencoolen Street to be closed for two years
The closure will be between Prinsep Link and Bras Basah Road for the construction of Bencoolen DTL3 station.
Serangoon Bus Interchange to open 3 September
The $18.8m air-conditioned bus interchange is directly linked to the Circle Line and North East Line Serangoon MRT stations via nex.
Fearless forecast: Brace yourselves for the mega 2-year Singapore recession
It's a looming disaster for the Lion City, as Fitch Ratings warns it could have its GDP cut by 4.1% from 2011-2013.
LTA to close Kaki Bukit Avenue 1 from 28 August
This is to facilitate the construction of Kaki Bukit Downtown Line 3 station located below Kaki Bukit Avenue 1.
IT Savvy: Retailers intensify investments in technology
Retail IT spending in Singapore is estimated to grow by 5.8% y-o-y to $163.21 million in 2011 or far above the compound annual growth rate of approximately 4%, says a research firm.
Incredible industrial production figures may lift the odds of technical recession
Industrial production output may have grown by 9.4% in July.
Fitch confident about Singapore banks’ resilience
The ratings firm said Singapore banks are likely to maintain their sound credit profiles, in spite of growing uncertainty over the global economy.
Tiger Airways to raise $158.6m through renounceable rights issue
DBS bank and Standard Chartered will be the joint managers and underwriters for the rights issue.
SGX recommends Davinder Singh to be independent director
SGX also proposes the appointment of Quah Wee Ghee for the same position.
SGX appoints Ai June Schult as head of communications
Ms Schult will begin working on her new role with SGX by 3 October 2011.
Work in your PJs: Employers encouraged to implement home-based work arrangements
Mr Hawazi Daipi, Senior Parliamentary Secretary for Manpower and Education, said employers facing manpower shortages could consider this.
Hey, relax: Steve Jobs’ resignation won’t make Apple rotten
After all, he will still serve as Chairman of Apple, Inc., and will still have a role in the company.
Flying high: Changi Airport’s passenger movements up 13.6% to a record 4.17m
Flights in Changi also also increased 14.7% year-on-year to 25,908 in July.
UOL Group resilient with multi-growth engines
Its recent project at The Plaza, Beach Rd extension should boost earnings when completed in 4Q12.
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