April factory output beats forecasts with 6.7% growth; focus now on weaker clusters

SINGAPORE'S factory output in April performed better than expected, but economists are saying that it is near its peak performance. This is because the electronics cluster's expansion, which has driven much of overall output growth, is expected to slow down...

Singapore factory output up 6.7% y-o-y in April on electronics surge

SINGAPORE'S electronics output continued its winning streak in April and negated biomedical's shrinkage to push overall factory output higher...

MTI hints at a higher floor for Singapore's 2017 growth

SINGAPORE'S economy this year is likely to clock its fastest growth rate in three years as global growth strengthens considerably, according to gross domestic product (GDP) growth data released by the city-state's Ministry of Trade and Industry (MTI) on Thursday...
COMMENTARY

A 2% growth isn't difficult. But how bumpy will the ride be till year's end?

SINGAPORE'S strong first-quarter growth data prompted its Ministry of Trade and Industry (MTI) to do a nudge and a wink to say that full-year growth for 2017 is likely to be better than 2016's...

Quick takes: Singapore 2017 GDP growth likely better than last year, Q1 growth higher at 2.7%

SINGAPORE'S Ministry of Trade and Industry (MTI) said on Thursday that economic growth this year is likely to be better than last year's 2 per cent, but kept its earlier forecast range of 1-3 per cent for 2017...

Update: Singapore NODX expand 15.2% in Q1, full year 2017 growth forecast raised

SINGAPORE'S non-oil domestic exports (NODX) expanded by 15.2 per cent year-on-year in the first quarter of this year, extending the 2.7 per cent increase in the previous quarter, on increased shipments of both electronic and non-electronic products...

Singapore 2017 GDP growth 'likely higher' than last year's 2%: MTI

SINGAPORE'S economic growth this year is likely to be better than last year's 2 per cent, even as the city-state's Ministry of Trade and Industry (MTI) keeps its earlier forecast range of 1 to 3 per cent for 2017...
NEW ORDERS

Vallianz wins new charter contracts worth up to US$115m for four vessels

OFFSHORE support vessels provider Vallianz Holdings has secured new charter contracts worth up to US$115 million for four vessels, with two of them in new markets. These contracts bring Vallianz's outstanding chartering services order book to about US$1.03 billion, Vallianz said in a release...

SATS Q4 net profit up 31.4% to S$66.6m

NET profit at SATS rose 31.4 per cent to S$66.6 million, or six Singapore cents per share, in the final quarter of the financial year to March 31, 2017.

Citic Envirotech JV secures 3b yuan river project

ENVIRONMENTAL engineering firm Citic Envirotech has, through a joint venture, secured a three billion yuan (S$610 million) river-restoration project in an eastern Chinese city.

CITIC Envirotech unit secures 3b yuan river restoration project in Ningbo

A PROJECT company controlled by environmental engineering firm CITIC Envirotech has secured a three billion yuan (S$610 million) project to restore the rivers in an eastern Chinese city.

Multiple paths to enact EU-Singapore FTA, future Singapore-UK trade ties

THE next steps that Singapore and the European Union (EU) take in ratifying a proposed free-trade agreement (FTA) between them will affect how soon a similar one between Singapore and the United Kingdom can emerge, experts told The Business Times.

Early gains seen for Singapore in EU court ruling on FTA

SINGAPORE can look to scoring early gains from a top European Union court ruling on a free-trade pact that the city-state has with the regional bloc, observers told The Business Times.

Singapore looks towards provisional application of FTA with EU

SINGAPORE hopes to have a proposed free-trade pact with the European Union (EU) partially enforced as the deal awaits national and sub-national approval from the regional bloc's 28 member states...

Mermaid Maritime's Q1 profit down 41.7% as associate's profit falls

THAILAND-BASED Mermaid Maritime's net profit for the first three months of financial year 2017 shrank by a year-on-year 41.7 per cent, as its associate company's profit tumbled...

Driving the future

IN the western fringes of Singapore, an experiment is being quietly rolled out. You might even call it a revolution. Hidden from view by hoarding, off a quiet road called Jalan Bahar, new roads are being paved.

Kingboard Copper Foil net profits jump 179.4% to HK$4.4m

NET profit at Kingboard Copper Foil jumped by 179.4 per cent to HK$4.4 million (S$0.79 million) for the first three months of 2017, when compared to a year ago.

Cosco (S) Q1 net losses deepen to S$78.9m

NET losses at mainboard-listed shipbuilder Cosco Shipping International (Singapore) deepened by 4.5 times, and it warned that weak conditions in the shipbuilding and offshore markets will continue to prevail.

Singapore maps out goals for its Asean chairmanship

SINGAPORE will pursue tangible results for Asean in the areas of digital economy and facilitating trade when it takes over chairmanship of the regional bloc next year.

UOB doubles business flows into Asean at S$27b

UNITED Overseas Bank (UOB) has carried through stronger business flows into Asean through its network of advisory units, which are aimed at drawing investments into the region.

Hi-P turns around with S$8.4m Q1 profit despite revenue fall

MANUFACTURER of consumer electronics Hi-P International has reversed from a S$12.4 million net loss a year ago to register a net profit of S$8.4 million for the three months ended March 31, 2017.

Mapletree prices S$700m principal amount of 3.95% perpetual securities

A SUBSIDIARY of Mapletree Investments Pte Ltd has launched and priced S$700 million principal amount of 3.95 per cent perpetual securities in what is seen to be the largest Singapore dollar-denominated perpetual issuance this year so far.

CDL Hospitality Trusts buy Manchester hotel for £52.5m

THE trustee-manager of CDL Hospitality Business Trust has acquired a five-star hotel near Manchester's city centre by way of acquiring all of the issued share capital of its owner-operator for £52.9 million (S$94.7 million). The trust is part of Singapore-listed CDL Hospitality Trusts (CDLHT)...

Hi-P back in the black with S$8.4m Q1 profit as revenue falls

MANUFACTURER of consumer electronics Hi-P is back in the black for the first quarter of its financial year 2017, reporting a net profit of S$8.4 million as compared to a loss of S$12.4 million a year ago.

Asean to focus on digital economy, trade facilitation in 2018 with Singapore as chair

DIGITAL economy will be a key priority for Asean next year as Singapore takes over chairmanship of the regional bloc, the city-state's Minister for Trade and Industry (Trade), Lim Hng Kiang, said on Thursday...