Singapore

Wilmar International Limited posted a net profit of US$1.88 billion, with 18% increase in profit for the last quarter.

The Group's main contributor, Structural Steelworks, saw marginal increase in revenue from S$254.2 million in FY2008 to S$256.8 in FY2009.

Inherent lumpiness though of revenue recognition caused a decline in revenue from RMB713.7 million to RMB155.0 million.

Bad news though is the 38.9% rise in impairment charges which negated the bank's strong operating performance.

The economic recovery among members of the Association of Southeast Asian Nations is gathering significant momentum. Most economies booked impressive annual growth rates in the fourth quarter of 2009, thanks to recovering external demand and improving domestic economies. Surging foreign trade helped Thailand record its fastest quarterly growth in a decade. The recovery in global demand helped by policy stimulus measures and inventory restocking has played a major role in driving industrial production, which is boosting Malaysia’s growth. In the Philippines, rising industrial output managed to offset a typhoon-induced contraction in agricultural output.

With its construction segment seeing 39% rise in revenue, OKP reported net profit of S$14.4 million for 2009.

Just two and a half months after the opening of Shell's mono-ethylene glycol plant, its ethylene cracker complex is now being prepped for start-up.

Now that the cash flows are disappearing owners are now left with spare capacity, what will it do if rates do not recover asks KMPG?

Passenger numbers increased 54% resulting to revenue growth from $107.8 million to $139.5 million.

Under Head of Asia for Rabobank International Robert Jan van Zadelhoff, Soh Hang Kwang will also lead Representative Markets.

Lawson, who last held the position of General Manager for Middle East and Levant, will now handle business development of the Asia/Pacific, Middle East and Africa region. He had worked for ANZ Bank in Australia for more than 12 years before joining MasterCard in 2002 to lead its sales and business development for Africa, Middle East and South Asia.

Country's reputation as preferred location for pan-Asian operations encouraged company to move closer to customers.

But Group is upbeat for 2010 as its 2009 Q4 net rockets by 87%.

Group eyes increased growth in 2010 as it will launch its Grange Road project.

The group expands its customer base to 209 customers from 184 in 2008 despite lower earnings.

Better results in 2010 seen following Jembayan's 30% production increase and coal markets recovery.