News

Asian real estate investment turnover up 215%

Asian real estate investment turnover up 215%

Singapore witnessed strong rebound in investment activity as it posted 24% rise in transaction turnover volume.

Singapore houses Shell's largest petrochemical project

Shell Eastern Petrochemicals Complex is part of company’s drive to grow in Asian petrochemicals market.

Great Eastern profit up 332% to $179.1 million

New business embedded value grew by 37% and new sales by 20%.

Raffles Education profit down 27% to $31.1mln

Company continues to expand by setting up five colleges in 2009 and seven colleges in 2010.

ST Engineering profit up 9% to $92.8mln

Order book soared to $11.8bln at end of March, $3.2bln to be delivered within next months.

Keppel AmFELS delivers first of four Rowan rigs

Rig delivered on time and within budget with zero incidents.

Sembcorp, PUB open fifth NEWater plant

Latest and biggest NEWater plant will help meet 30% of Singapore's total water demand.

Biomedical companies invested $800mln in Singapore in 2009

Global biotechnology and pharmaceutical companies that seek to capitalise on Asia's growth story are locating first-in-Asia manufacturing facilities and headquarters offices in Singapore.

Employer CPF contribution rate to go up 1%

Increase goes to Medisave and Special Accounts to help workers build up medical and retirement savings.

Singapore maintains third place in Asia-Pacific office occupancy costs

Analysts expect a modest recovery in the local office market over the next three quarters.

Moody's says Asia Pacific credit trend to keep improving

Global economic recovery, China's economic condition, inflation and appreciation of Asian currencies used as key factors.

SMRT FY2010 profit up 0.1% at S$163mln

Yet results disappointed analysts as company's total operating expenses increased 10% during the global recession.

SingTel to provide vital communications lifeline in war zones

IsatPhone Pro enables business without boundaries to harness innovative applications to enhance user experience.

Singapore's employment in 1Q continued to grow strongly

Total employment is estimated to have grown by 34,000 in the first quarter, the third quarterly increase after two quarters of decline in the first half of 2009.

ST Engineering's electronics arm increases stake in Knowledge Alive

Acquisition to boost capabilities in the area of eLearning, soft skills training and enabling career transition.

Singapore's 2008 overseas investment down by $18.4bln

Country's direct investment and portfolio investment abroad slid down into negative territory.

Ascott Reit achieves S$10.3 million unitholder's distribution for 1Q 2010

Company earned S$20mln 1Q 2010 gross profit as geographical diversification continues to provide group income stability.