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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.
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.
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.
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.
Cosco net profit grew 53% in 1Q11
Net profit attributable to equity holders of the Company also increased 16.9 per cent.
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.
DBS partners with Sumitomo Trust to boost services in Asia
Both banks signed an MOU to will enable both banks to offer an increased scope of products and services to customers across the region.
BBR Holdings net profit doubled to $9.4mln in 1Q 2011
This was on the back of $109.4mn revenue for the first quarter ended 31 March 2011.
Raffles Education net profit fell 53% in nine months FY2011
Revenue declined 15% coupled with an increase in income tax expense and higher personnel expenses, 9MFY2011 net profit after tax was $14.6 million.
URA launches tender for two residential sites
The land parcels at West Coast Link/West Coast Crescent and Choa Chu Kang Road/Phoenix Road are launched for sale under the Confirmed List of the 1st Half 2011 Government Land Sales Programme.
TEE International subsidiary bags S$26.4mln project in Malaysia
TEE M&E Engineering Sdb Bhd will construct the 120Mld Bertam DAF Phase 2 Water Treatment Plant through a joint venture arrangement with Perkasa Sutera Sdn Bhd.
StarHub profit for 1Q11 virtually unaffected by drop in postpaid revenue
The telecom company reported a core profit of S$69.1mln for the quarter despite a 2.4% drop in mobile revenue.
CapitaCommercial paid 2.1mn units to management
CapitaCommercial Trust Management received a total of 2,128,929 at an issue price of $1.3937 per unit.
Keppel FELS inks LOI for two US$400mln rigs
Gulf Drilling International has commissioned the company for the construction of two KFELS Mod VB Bigfoot jackup rigs.
43 strata-titled units up for sale
The units are sprawled across the fourth and sixth storeys in Singapore Shopping Centre which is located at 190 Clemenceau Avenue.
Pacific Andes announces TDR listing
The seafood distributor has submitted an application to the Taiwan Stock Exchange (TWSE) to issue Taiwan Depository Receipts (TDRs) on the TWSE.
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