Singapore
Sembcorp net profit up 1.2% in 1Q11
Net profit surged to $150.6 million, said Sembcorp Marine.
Sembcorp net profit up 1.2% in 1Q11
Net profit surged to $150.6 million, said Sembcorp Marine.
Singapore wealth fund warns against lowering US bond ratings
A top official at Singapore sovereign wealth fund GIC feels the world could face another major financial and economic crisis if the United States loses its AAA sovereign rating.
ST Engineering bagged $68mn worth of contract
ST Electronics will develop a highly flexible simulation system for various armoured vehicles.
SingTel headed for a slow year
Bharti's slower-than-expected growth erodes and Singaporeans' slow adoption of Android phones are not helping SingTel, said DBS Vickers.
SingTel Chairman Chumpol NaLamlieng steps down
Mr Chumpol NaLamlieng, Chairman and Director of the company, will be succeeded by Mr Simon Israel.
Depreciating USD hurts Viking's profit
Although the company's revenue rose 39% YoY to S$23.2mln for 1Q11, the company's gross profit margin was lower at 30% vs. 32.4% in FY10.
Hoi Hup’s Foresta and three more due to launch this week
The “Foresta” at Mount Faber, a five- storey development with 141 residential flats, opens on Wednesday, May 11.
Strong hiring expectations to boost office property market
Buoyant business sentiment and corporate hiring is underpinning a strong office leasing market, said Jones Lang LaSalle.
PAP gains 60.1% of popular vote
Ruling party PAP secured 81 of the total 87 parliamentary seats, said OCBC.
Lim Joke Mui steps down as member of Sembcorp Board Special Committee
She has stepped down with effect from 6 May 2011 to pursue her personal interests.
BBR Holdings' earnings double for 1Q11
The jump in the company's revenue was attributable to higher construction revenue and its maiden contribution from property development project, Lush on Holland Hill.
CIT in talks to acquire 5 & 7 Gul Street 1 property
The company has entered into a put and call option agreement with Precise Industries Pte Ltd in connection with the proposed acquisition.
Cosco net profit grew 53% in 1Q11
Net profit attributable to equity holders of the Company also increased 16.9 per cent.
CapitaLand appoints Lim Ming Yan as COO
Ming Yan will lead several key projects which will include special major projects and projects that require coordination across business units at corporate level.
SGX derivatives market to add rubber futures
From 16 May, rubber futures will be added to the commodities suite with the migration of SICOM rubber contracts onto the SGX trading platform.
Woodlands Avenue 12 industrial site up for tender
The Urban Redevelopment Authority launched a 2.06-hectare industrial site at Woodlands Avenue 12, Parcel 2, for public tender.
Singapore luxury home prices to remain stable in 2011
Luxury residential prices in the Asia Pacific region are generally likely to remain stable or see slower growth in 2011 due to ongoing policy and interest rate risks.
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