News
Olam invests US$1.3bln for fertilizer production
Forms joint venture with Republic of Gabon to set up a port-based ammonia-urea fertilizer complex.
Olam invests US$1.3bln for fertilizer production
Forms joint venture with Republic of Gabon to set up a port-based ammonia-urea fertilizer complex.
ComfortDelGro third quarter profit up 10.4% to $61mln
Revenue increased 5.2% to $823.4mln with increases coming from almost all business segments as overseas businesses accounted for 42.5% of total revenue.
PM Lee tells Singaporeans to keep their expectations low
The PM said it is more realistic to expect a 3-5% growth in the medium term for 2011 as Singapore is unlikely to achieve a repeat of the double-digit growth it is experiencing this year.
Economy still “on track” to meet GDP forecast despite modest growth prediction for 4Q
DBS Bank predicts a 5% growth for the economy this quarter but says Singapore is still poised to meet its full year GDP growth forecast of 15% due to activities in the services and construction sectors.
DBS not alarmed by GDP plunge for 3Q10
The bank said the 18%QoQ saar (10.8% YoY) GDP dip for the quarter is an upward revision from the advance estimates (-19.8% QoQ saar, 10.3% YoY) given the better than expected industrial production growth in September.
Rated Asian corporates cash rich with about US$230B- Moody's
The ratings agency said that rated non-financial corporates ave been building their positions for expansion, acquisitions and liquidity despite noises over global economic conditions.
SGX and LME to launch three metal futures next year
The two exchanges will jointly launch metal contracts in aluminium, copper and zinc on SGX on 15 February 2011.
Maybank Singapore cashes in on loans growth for 3Q
Gross loans in Singapore operations now constitute 19.3% of the bank's total loans globally, compared with 19% in September 2009.
Metro Holdings reports higher revenue, turnover of properties for 1HFY2011
The property development and investment firm's revenue rose 18.5% to S$82.6 million from S$69.7 million in the half year ended September 30, 2009. Net profit attributable to shareholders surged 162.6% to S$58.8 million in 1HFY2011 from S$22.4 million in 1HFY2010.
Olam first quarter FY2011 profit up 56% to S$29.7mln
Growth in four business segments contributed to the group’s sales volume surge as key strategic initiatives worked out.
Asia Pacific Breweries profit up 65% to S$261mln
Revenue grew 26% to S$2.5bln as the group attributes growth to IndoChina region’s contribution, accounting for 48% APB’s PBIT.
Swiber's 3Q gross profit surges 79.9% to US$26.5m
The offshore construction services provider reported a 27.5% increase in revenue to US$122.4, taking into consideration the contributions arising from the projects awarded to the company since November 2009.
Moody's on SingTel's profit jump in Q2: We saw it coming
The ratings agency said the telecommunications company’s S$4.44b revenue was in line with its expectations and has no immediate impact on the company's Aa2 rating.
Juluca project propels Heeton's 63% profit surge for 9M
The niche property developer Heeton Holdings has posted a net profit of $16.9 million for the nine months on revenue of $32.7 million, compared with net profit of $10.3 million on revenue of $41.9 million a year ago. This takes into account a $4.7 million profit contribution during the nine months from the divestment of wet markets operations in 1Q10. Excluding this item, the increase innet profit from continuing operations was 25.1%.
Singapore Airline's stock rating still in limbo
Flat passenger operating data for the past two months and soaring jet fuel prices are making the carrier’s stocks unattractive despite its 18% revenue increase for 2QFY11 to S$3,631.2m.
Singapore is the Asia's second most active real estate market
Singapore trails behind Hong Kong with 22% share in region’s total direct real estate investment, which rose 53% to US$18bln.
Singapore executives overwhelmed by flood of business data
Yet they still seek more and faster data as survey finds data deluge driving IT investments in customer relationship management software and security systems.
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