News

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.

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

Disciplined management and committed goal of maximising long-term shareholder results translated to company’s Aaa rating.

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

Emerging markets and ancillary products sale make company upbeat despite 1% 2009 overall bookings decline.

$5.5 billion resort's Sands SkyPark and its grand opening celebration to follow on 23 June.

The airline, which currently serves two destinations in south India from Singapore, is exploring flying to Trichy in Tamil Nadu and to Trivandrum and Kochi in Kerala state.

Group was able to achieve a turnaround despite revenue drop from Funworld and Supercue.

Yet Group's 2009 4Q turnover slid by 17% due to timing of revenue recognition.

PropNex CEO Mr Mohamed Ismail said the Budget 2010 aims to level the playing field further, especially for the lower-income bracket households.

Charles Munger lauds the concept of good regulation in the form of a "good father" "Benfranklin Leekwanyou Vokker" as the right way to run an economy as America sinks into the abyss. Munger is Warren Buffet's right hand man at Berkshire Hathaway.

Resorts World has entered into a deal to lease its first plane from Tiger to fly in the punters from around Asia starting later this year.