News

CapitaLand Commercial (Malaysia) Sdn Bhd has been established with investment and provision of project services as its core activities.

Development charges for the industrial property sector are unchanged while commercial and non-landed residential see revisions.

Wilmar International Limited posted a net profit of US$1.88 billion, with 18% increase in profit for the last quarter.

The Group's main contributor, Structural Steelworks, saw marginal increase in revenue from S$254.2 million in FY2008 to S$256.8 in FY2009.

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.