RSS Breaking News - Singapore

PSA, Tianjin Port sign strategic cooperation agreement

Fri, 18 May 2012 22:00:00 GMT

May 18, 2012 10:00 PM

PSA International on Friday signed a strategic cooperation framework agreement with Tianjin Port Group (TPG) to strengthen ties and foster greater cooperation between the two organisations.

Sound Global to invest US$9.25m in Xi'an City BOT project

Fri, 18 May 2012 20:44:00 GMT

May 18, 2012 8:44 PM

Sound Global Ltd on Friday said it will invest 58.6 million yuan (US$9.25 million) to Build-Operate-Transfer phase II of a wastewater plant in Chang'an District, Xi'an City, Shaanxi Province, in the PRC.

People's Food sells associated co at US$11.73m loss

Fri, 18 May 2012 19:09:00 GMT

May 18, 2012 7:09 PM

People's Food Holdings Limited on Friday said its wholly-owned subsidiary, Loampit Limited, is selling its 36.75 per cent stake in State Crest Limited to majority shareholder Link Crest Limited for 463.3 million yuan (US$73.16 million).

Koon's unit secures $12.5m contract

Fri, 18 May 2012 18:35:00 GMT

May 18, 2012 6:35 PM

Koon Holdings Limited on Friday said its wholly-owned subsidiary, Koon Construction & Transport Co Pte Ltd (KCTC), has secured a $12.5 million contract.

LionGold inks loan agreement with Republic Gold

Fri, 18 May 2012 18:28:00 GMT

May 18, 2012 6:28 PM

LionGold Corp Ltd on Friday said it has entered into a US$750,000 loan agreement with ASX-listed explorer Republic Gold Limited.

Tiger Airways posts $104.34m loss for FY2012

Fri, 18 May 2012 17:53:00 GMT

May 18, 2012 5:53 PM

Tiger Airways sunk into the red for the fiscal year ended March 31, 2012.

Fortune Reit to pay additional US$58,000 to acquire Belvedere Garden, Provident Centre

Fri, 18 May 2012 17:38:00 GMT

May 18, 2012 5:38 PM

Fortune Reit on Friday said it will pay an additional HK$450,000 (US$58,000) for the acquisition of Belvedere Garden and the Provident Centre properties.

FJ Benjamin renews distribution agreements with Bell & Ross

Fri, 18 May 2012 17:28:00 GMT

May 18, 2012 5:28 PM

FJ Benjamin on Friday said its subsidiaries in Hong Kong and Singapore have renewed their distribution agreements with Bell & Ross SAS.

Tung Lok says FY2012 profit affected by impairment losses

Fri, 18 May 2012 17:24:00 GMT

May 18, 2012 5:24 PM

Tung Lok Restaurants (2000) Ltd on Friday said its financial results for the fiscal year ended March 31, 2012 is expected to be affected by impairment losses.

Changi Airport to get 7 new fire-fighting vehicles

Fri, 18 May 2012 16:07:00 GMT

May 18, 2012 4:07 PM

Changi Airport Group on Friday announced it has commissioned seven new airport fire-fighting vehicles for its Airport Emergency Service unit.

DBS Vickers picks OCBC, raises TP to $10.50/shr

Fri, 18 May 2012 16:00:00 GMT

May 18, 2012 4:00 PM

OCBC Bank remains the preferred Singapore bank over UOB for DBS Vickers, which called a buy recommendation on OCBC and raised its target price to $10.50.

LTA says shorter VEP operating hours for June school holidays

Fri, 18 May 2012 14:17:00 GMT

May 18, 2012 2:17 PM

In conjunction with the upcoming June school holidays, Land Transport Authority (LTA) has announced on Friday that the Vehicle Entry Permit (VEP) operating hours will end earlier at 12 noon on weekdays.

LTA reviews ERP rates for June 2012 school holiday period

Fri, 18 May 2012 13:40:00 GMT

May 18, 2012 1:40 PM

The Land Transport Authority (LTA) has reviewed its Electronic Road Pricing (ERP) rates for the June 2012 school holidays on Friday, where some locations will be reduced by S$0.50 to $1.00 per Passenger Car Unit (PCU).

Tiger Airways to boost flights to Malaysia and China in August

Fri, 18 May 2012 13:29:00 GMT

May 18, 2012 1:29 PM

Tiger Airways announced on Friday the increase of flights to Kuching and Penang in Malaysia, and Haikou in China over the August holiday period.

OCBC starts CapitaRetail China at buy, TP S$1.44

Fri, 18 May 2012 11:58:00 GMT

May 18, 2012 11:58 AM

SINGAPORE - OCBC Investment Research has initiated coverage on CapitaRetail China Trust (CRCT) with a buy rating and price target of S$1.44 a unit.

SC Global deregisters its subsidiary Eason Limited

Fri, 18 May 2012 10:08:00 GMT

May 18, 2012 10:08 AM

SC Global Developments Ltd announced on Friday that its Hong Kong incorporated wholly-owned subsidiary company, Eason Limited ("Eason"), has been deregistered pursuant to Section 291AA(9) of the Hong Kong Companies Ordinance of Hong Kong.

CSC Holdings slashes dividend despite 96.1% rise in FY2012 profit

Thu, 17 May 2012 20:03:00 GMT

May 17, 2012 8:03 PM

CSC Holdings on Thursday reported a profit of $2.1 million for the fiscal fourth quarter ended March 31, 2012, a recovery from a loss of $5.17 million a year ago.

IPC embarks on 6th condo project in Japan

Thu, 17 May 2012 18:51:00 GMT

May 17, 2012 6:51 PM

IPC Corporation on Thursday announced it is embarking on its sixth condominium project in Japan, with the purchase of a piece of land in Oiso.

3 bids for 99-year condo plot at Tampines Ave 7

Thu, 17 May 2012 17:42:00 GMT

May 17, 2012 5:42 PM

A 99-year leasehold condo plot at Tampines Avenue 10 has drawn three bids at a state tender which closed at noon, May 17.

SembMarine's unit secures $130m worth of contracts

Thu, 17 May 2012 17:29:00 GMT

May 17, 2012 5:29 PM

Sembcorp Marine on Thursday said its subsidiary, Sembawang Shipyard, has secured three major contracts totalling S$130 million.

UIC to spend $337m on building redevelopment

Thu, 17 May 2012 17:22:00 GMT

May 17, 2012 5:22 PM

United Industrial Corporation Limited (UIC) on Thursday announced that will spend $337 million on its UIC Building redevelopment.

Mobile shopping grew by 660% in 2011: study

Thu, 17 May 2012 17:17:00 GMT

May 17, 2012 5:17 PM

Singapore mobile shopping market grew more than 660 per cent to S$328 million in 2011, according to a PayPal study released on Thursday.

Facebook's Saverin chooses Singapore, invests in tech start-ups

Thu, 17 May 2012 14:15:00 GMT

May 17, 2012 2:15 PM

SINGAPORE - Far from the Wall Street limelight, Facebook's co-founder Eduardo Saverin is keeping a low profile in Singapore, investing his wealth in tech start-ups while enjoying a life of luxury.

Asian start-ups gain as Facebook's Saverin looks East

Thu, 17 May 2012 14:15:00 GMT

St Engg aerospace arm completes investment with EcoServices

Thu, 17 May 2012 12:17:00 GMT

May 17, 2012 12:17 PM

Singapore Technologies Engineering Ltd's (ST Engineering) aerospace arm Vision Technologies Aerospace Incorporated (VT Aerospace) announced its completion of investment with EcoServices, LLC (EcoServices) on Thursday.