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Fortune REIT finishes strong in 3Q, revenue income up by 23.5%
The Singapore-listed trust's net property income also grew by 24.5% to HK$444.5 million for the first nine months of 2010 as improved economic conditions revive interest in acquiring properties.
Fortune REIT finishes strong in 3Q, revenue income up by 23.5%
The Singapore-listed trust's net property income also grew by 24.5% to HK$444.5 million for the first nine months of 2010 as improved economic conditions revive interest in acquiring properties.
Hazy future for Hyflux due to thinning orderbook
The company’s 3Q10 performance exceeded expectations but outlook is dampened because of the project delay in Libya.
Fitch assigns expected 'A+' rating to OCBC's subordinated notes
The rating on the Subordinated Notes—due 2022 callable in 2017—is one notch below OCBC's 'AA-' Long-term foreign-currency Issuer Default Rating (IDR).
Sembcorp Marine's surge seen to continue until 2012
Analysts have raised net profit estimates by 2.8% to S$785m in FY2012E as crude oil prices are likely to bring in more orders for the shipping company.
DBS Bank seen to defy analysts' year-end predictions
With record net profit of S$1.97b for 9M10 and revenue growth of 14.7% y-y, the bank’s full year earnings for FY10 is likely to exceed the S$6.9b forecast by about S$300m.
Crystal Cruises' winning streak continues, voted best luxury cruise line for the 17th time
The wholly-owned NYK subsidiary was picked by both the US and UK editions of Conde Nast Traveler magazine and holds the distinction of having won the award more than any other cruise line, hotel, or resort in history.
Hold your horses: Polo enthusiasts have to be invited to play in new Tianjin landmark
Tianjin Goldin Metropolitan Polo Club and Hotel boasts of two full-sized international standard polo fields—the largest of its kind in China—and they are exclusively for members’ use.
Soilbuild clinches contract for prime industrial site
The developer won the tender for parcels 2, 3 and 4 at Yishun Street 23/Yishun Avenue 9 with a S$64.01m bid.
Business as usual: Changi Airport operations unaffected by Qantas plane distress
An updated statement from CAG said Runway 2, which has remained closed since the landing, will reopen later today while flights have continued to take off and land at Runway 1.
DBS Bombshell results: killer new strategy pays off
The bank's 3Q earnings rise 28% from 2009 to a record S$722m while net interest income rose 1% from the previous quarter to S$1.08 billion as the benefit of loan growth was offset by continued softness in interest rates.
Sluggish activity in key industries dragging down Singapore economy's growth
The economy might have grown 15.5% yoy for the first three quarters of this year, but Q3 also marked the first qoq saar contraction since Q4 2009 at -19.8% qoq saar.
Changi Airport, Qantas deny Aussie plane crash
In a statement, CAG said that QF 32, an A380 aircraft from the Australian carrier, turned back to Changi for technical reasons.
Rotary Engineering posts record revenues of S$544.7m for 3Q10
The EPCM company’s income exceeded last year’s figure of S$404.9m by 35% and turned in profit after tax of S$37.8 million, up 35% from S$28.1 million a year ago.
SGX ADR volume reaches $60m; alternative trading venue draws investors
Interest in ADRs of companies with primary share listings in Hong Kong, accounted for a significant portion of the activity as the cost advantage, convenience and longer trading hours of SGX-quoted ADRs drew investors.
Ascott strengthens position in China with 3 new properties
Properties in Wuhan, Tianjin and Xi’an are part of the developer’s target to achieve 12,000 apartment units in China by 2015.
Singapore 7th most expensive place in the world to rent office space
With a rate of US$13.38 per sq. ft. per year for industrial space, the country joins Hong Kong and Tokyo as the three Asian cities with highest leases for 1H10.
Residential collective sales gaining momentum
Collective sale transactions in Singapore (y-t-d) amount to S$975.64 million, with over 90% of this total resulting from sale of properties in areas such as Balestier and Serangoon.
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