Singapore
Building boom: Lian Beng Group’s profit hits a record $48.2m in FY11
Its earnings for Q4 alone was up 73.8% yoy to $11.6m.
Building boom: Lian Beng Group’s profit hits a record $48.2m in FY11
Its earnings for Q4 alone was up 73.8% yoy to $11.6m.
Is China Mobile’s cable industry investment possible?
Apparently not as different regulators will limit the cross-investment, said Ovum analyst Jane Wang.
Low-cost carriers to account for 50% of the total airline capacity by 2021
And the years going forward will see Singapore Airlines (SIA) attempting to take a larger slice of the no-frills market while merging and acquisitions among other locally-based airlines will become a winning response, says DMG Research.
Beverage company director busted for tax fraud
Suharry Bin Abdullah should stay sober in the next 4 months as he serves his sentence in jail.
Tiger Airways’ Aussie planes to remain grounded until August 3
The LCC said it will automatically refund all passengers booked to fly between August 1 and 4.
5% of manufacturers threatened by a ‘deteriorating’ industry
But a weighted 17% expect business conditions to improve in H2 2011.
Straits Times to extend its 1.43m readership with new iPad app
The iPad and iPhone apps will be available for free for five weeks until September 7, so be quick.
Frasers Centrepoint Trust to acquire Bedok Point for $127m
FCT’s portfolio is now expected to grow to S$1.66 billion from S$1.53 billion.
CBRE revenues up 21% to a whopping $1.4 billion
In Asia Pac alone, revenues also rose 19% to $188.5 million in Q2 2011.
Temasek unit buys mall in Hong Kong for $2.4b
Sale of Festival Walk shopping center is the biggest property transaction ever for Swire Pacific.
City Developments acquires S$167m prime land in China
CityDev plans to build a 750-unit high-end residential block, accompanied by an office tower, a retail mall and a luxury hotel.
You’re fired: 1,900 workers left jobless in Q2 2011
1,500 workers were retrenched and 400 had their contracts terminated prematurely.
Work fatalities up in first half of 2011
There were 30 as at end June compared to 25 in the same period last year.
Asian IPOs slowed to US$54.3 billion
Compared to last year, this is down 25% while Follow-Ons have grown by 6% consecutively.
Lucky 13: Additional train cars eyed for Bukit Panjang LRT
The 13 additional cars would provide additional capacity of about 50%.
CWT to reap $35-40m profit from latest warehouse project
CWT will develop a $135m warehouse at 20 Gul Way for AIMS AMP Capital Industrial REIT.
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