Singapore

Manufacturing output sinks 23.4% in June on an m-o-m basis

Manufacturing output sinks 23.4% in June on an m-o-m basis

The transport engineering cluster tallied the only decline among output clusters as the marine and offshore engineering fell 17.0% in June.

Kirin to acquire 14.7% Fraser & Neave stake from Temasek

Kirin's S$1.3 bln purchase targeted to expand soft drinks, dairy operations in Southeast Asia.

Singapore Airlines earnings rebound with $253mln profit

Carrier reports resurgence in freight may be sustained but the rate of growth may slow down.

StarHub adopts Huawei's smartphone signalling solution

Solution enhances network performance by reducing 56% of redundant signalling loads and improving mobile broadband connectivity.

Rotary Engineering starts S$1bln EPC tank farm construction

Company's tasks in Jubail include EPC works involving 62 Atmospheric Storage Tanks and 8 Bullet Tanks.

Global real estate markets continue upswing

Rents in Singapore have started to rebound in Q2 with 2.9% growth following steep falls.

Singapore's food products land on China's shelves

Supermarkets in Guangdong, Beijing and Shanghai were supplied with products from 21 Tasty Singapore food manufacturers.

FSL Trust to distribute S$1.3 per unit

Total remaining contracted revenue of S$874.01mln from long-term charters props up stable cash flow.

Singapore companies make progress towards sound compensation

Yet there are still opportunities to further strengthen compensation practices behind increasing shareholder interest in executive compensation.

ST Electronics seizes S$4.6 mln contract for 30 trains in Brazil

ST Engineering’s electronics arm will design, manufacture and commission the on-train Passenger Information Systems for Concessao Metroviaria Do Rio de Janeiro.

SGX EURO STOXX 50 futures to debut in Asia

The agreement is expected to provide one-stop access to Asian and European equity market aside from trading opportunities in SGX and Eurex.

Samsung lights up human torch for Youth Olympics

About 2,010 students from 6 institutions joined the mass formation of the Olympic symbol at the Merchant Loop at 8:10 pm Singapore time on Friday.

Tiger Airways bested APAC airlines in ancillary revenues global ranking

Providing the only Eastern challenge to older and bigger Western carriers, the airline achieved high scores for its budget fares.

Consumers face higher costs of transport, housing and food

The consumer price index moved up by 2.7 percent in June 2010, with higher prices of cars and petrol contributing to the 10.3 percent increase in the cost of transport.

ShareInvestor unveils upgraded financial portal

Simplified interface integrated with latest software and web applications makes portal more user-friendly.

Keppel delivers Seadrill's 5th KFELS jackup rig

Partnership has yielded a fleet of 14 rigs worth US$1.5bln.

MAS and China's PBC establish bilateral currency swap

Arrangement will provide worth S$30bln liquidity in both Chinese Yuan and Singapore dollar.