News
ST Electronics vows to speed up fare collection in Thai trains
The subgroup of ST Engineering will supply Bangkok’s Sukhumvit Train Line with an Automatic Fare Collection System (AFCS) and will be used in five key stations of the line extension.
ST Electronics vows to speed up fare collection in Thai trains
The subgroup of ST Engineering will supply Bangkok’s Sukhumvit Train Line with an Automatic Fare Collection System (AFCS) and will be used in five key stations of the line extension.
Oil domestic exports jump 6.4% in November
On a y-o-y basis, oil domestic exports expanded by 10% in November 2010, after the preceding month's 14% increase.
ST Engineering wins S$110mln in foreign contracts
The company and its subgroups will supply an Automatic Fare Collection System (AFCS) for the Bangkok Mass Transit System and provide the UK Ministry of Defense (UK MoD) with 40mm ammunition.
SIA Cargo fuels China Cargo Airlines with RMB 328mln investment
The local cargo carrier's acquisition of a 16% stake in China Cargo Airlines is projected to increase the latter's registered capital to RMB3bln.
Singapore total trade down by 2.1% in November
In contrast to a 3.3% increase in the previous month, total exports declined by 4.7% in November 2010.
S-REIT sector gearing remains at 34.4%
Even after acquiring c$6bn of assets YTD, S-REIT sector gearing remains low.
Singapore total exports up 12% in November
Yet it is a slow growth compared to October's 20% y-o-y growth.
Singapore inflation to increase 3.2% in 2011
The S-REIT sector now trades at a normalized FY11F distribution yield of c6.1%, slightly below its historical mean of c6.5%.
Residential properties sale value up 30%
Residential properties sale value topped auction sale, garnering $114.82 million or 51.3% of the total sale value.
Singapore property auction sale value totaled to $223.9 million
Yet it is still a substantial 45% below the decade's high of $407.43 million recorded in 2007.
Asia Pacific equities posted US$3.3 billion net inflows
75% of fund managers overweight on Asia Pacific ex Japan equities, up from 44% in 3Q10, according to HSBC Fund Managers' Survey.
Singapore job vacancies increased by 36%
Over the year, job vacancies increased up to 50,200 in September 2010, the highest recorded since the comparable series started in March 2006.
Singapore employment up by 20,500
Total gains in the first nine months came in at 82,500, in contrast to an almost flat growth of 100 over the same period last year when the economy was in recession.
Olam to acquire tt Timber International from Dalhoff Larsen Horneman
The acquisition will provide Olam with steady US$106-133 million revenues and 16-19% EBITDA margins from two African countries by 2014.
Sales volume for private residential units up by 79% in November
Sales volume jumped 2.7 times to 1,229 units in the region during the month.
2010 new homes sales volume to surpass 2007 record by 10%
The sales tally for the whole of 2010 is likely to be in excess of 16,500 units.
Singapore October retail sales down 2.8%
Yet, excluding car sales, growth came in at 5.3%, suggesting that people are not just window shopping.
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