Singapore
Sembcorp: We did not breach any law in Cascal bid
Sembcorp's statement was in response to Cascal's filing of legal proceedings in the New York District Court as the US-listed Dutch water company seeks recovery of damages.
Sembcorp: We did not breach any law in Cascal bid
Sembcorp's statement was in response to Cascal's filing of legal proceedings in the New York District Court as the US-listed Dutch water company seeks recovery of damages.
URA awards Lakeside Drive tender to Keppel Land
Keppel Land (Mayfair) Pte Ltd was named the successful tenderer for the Boon Lay Way / Lakeside Drive residential site with bid price of $302,980,000.
Renewable Energy Asia to develop green energy park
Firm awarded a concession in Inner Mongolia to construct wind farm capable of producing 250MW of electricity.
OCBC Group profit soars to $676 million
Profit up 24% year-on-year and 35% over the previous quarter behind non-interest income growth, low credit losses.
SGX securities trading up 34% to $35bln
Securities and commodities activity strong in April as investors maintain interest and confidence on market.
Asian real estate investment turnover up 215%
Singapore witnessed strong rebound in investment activity as it posted 24% rise in transaction turnover volume.
StanChart selects Akamai to upgrade its online banking
Akamai to improve speed of Web delivery, security of Internet banking by streamlining lender's IT infrastructure.
Singapore houses Shell's largest petrochemical project
Shell Eastern Petrochemicals Complex is part of company’s drive to grow in Asian petrochemicals market.
MasterCard launches mobile payment solution addressing multiple handsets
Solution enables cardholders to use their existing mobile phones to make everyday payments.
Great Eastern profit up 332% to $179.1 million
New business embedded value grew by 37% and new sales by 20%.
Jurong Shipyard to send offshore converted Ghana vessel
FPSO Kwame Nkrumah MV21 will leave for the Jubilee Field located offshore Ghana's western coast.
Raffles Education profit down 27% to $31.1mln
Company continues to expand by setting up five colleges in 2009 and seven colleges in 2010.
ST Engineering profit up 9% to $92.8mln
Order book soared to $11.8bln at end of March, $3.2bln to be delivered within next months.
Keppel AmFELS delivers first of four Rowan rigs
Rig delivered on time and within budget with zero incidents.
Consumers resume credit bingeing
Singaporean consumers who survived the great recession have resumed binging on credit for that much needed iPhone or holiday overseas, according to latest figures released by the banks which show consumer loans will likely grow 13.3 % over 2010, ushering in a golden time for banks.
$1000 psf the “new normal” for condos
It was good while it lasted, but the second wind to Singapore’s residential property market seems to be blowing a lot softer coming into May than it did in the first part of the year. Worst affected – mass residential markets like those in the east coast. And the main reason is that prices have already rebounded to peak levels, and in some cases have already surpassed peak levels.
Barang Barang goes bust
After filing for voluntary liquidation in February, famed furniture maker Barang Barang announced its Managing Director Lim Kok Hui had resigned “for new prospects” as facebook customer groups go nuts.
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