BT EXCLUSIVE

Porsche sales in Singapore kick into high gear

THE good run that Porsche had last year has spilled over into this year - with its first-quarter sales in Singapore revving well past 200 orders.

Ascendas Hospitality Trust completes acquisition of hotel in South Korea, master lease agreement inked

ASCENDAS Korea Hospitality No 1 Professional Investors Private Real Estate Investment (Ascendas Korea Hospitality) has entered into a 20-year master lease agreement with Sotetsu International Korea Co in relation to its hotel in South Korea.

Renewal of bilateral swap arrangement between Japan and Singapore

THE Bank of Japan (BOJ), acting as the agent for the Minister of Finance of Japan, and the Monetary Authority of Singapore (MAS) have renewed the existing bilateral swap arrangement (BSA).
MERGER

SIA to drop SilkAir brand; bring it under its wing

SINGAPORE Airlines (SIA) will spend over S$100 million overhauling SilkAir's cabins from 2020 as it seeks to narrow the gap between the products onboard its parent airline and regional carrier ahead of an eventual merger...

SIA to merge SilkAir into flagship carrier; CEO cites connectivity within plane fleet

MERGING SilkAir into Singapore Airlines (SIA) will improve connectivity across the combined fleet's wide- and narrow-body planes, Singapore Airlines management said on Friday...

SIA's S$181.8m Q4 net profit surpasses expectations

SINGAPORE Airlines (SIA) beat expectations to chalk up a net profit of S$181.8 million for the fourth quarter ended March 31, reversing from a loss of S$138.3 million a year ago as stronger passenger and cargo revenues acted as tailwinds.

SIA swings into the black with Q4 net profit of S$181.8 million

SINGAPORE Airlines (SIA) pulled itself out of the red by reporting a net profit of S$181.8 million for the fourth quarter ended March 31, compared to a loss of S$138.3 million previously.

Keppel unit selling 5 rigs to Borr Drilling for US$745m

KEPPEL Offshore & Marine (Keppel O&M) has sealed a deal to sell five jack-up rigs to Borr Drilling for around US$745 million.
EN BLOC SALE

Cavenagh Gardens, Flynn Park, Rosalia Park join bandwagon

THE collective sale fever continues, as JLL launched five freehold residential sites with a total value of over S$1.2 billion.
EN BLOC SALE

Two more District 9 sites launched for collective sale

TWO freehold developments in the prestigious Cairnhill enclave of prime District 9, completed in the 1980s, have been launched for collective sale through public tender.

CAD, MAS ready to extend further help on 1MDB transactions

SINGAPORE authorities are fully prepared to extend further assistance to their Malaysian counterparts on 1MDB-related transactions, the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) said in a statement on Wednesday morning.

JLL launches five freehold residential sites worth over S$1.2b

JLL has launched five freehold residential sites for collective sale with a total value exceeding S$1.2 billion.

Straits Trading's Q1 profit down 53.6%

THE Straits Trading Co's first quarter net profit more than halved to S$9.69 million from S$20.88 million, partly due to lower contributions from associates and joint ventures...

Cairnhill Astoria in District 9 to be put up for collective sale for S$196m

FREEHOLD development Cairnhill Astoria will be launched for collective sale on Thursday via public tender for S$196 million.

Singapore prepared to extend further help to Malaysia on 1MDB-related transactions: CAD, MAS

SINGAPORE'S authorities are fully prepared to extend further assistance to their Malaysian counterparts on 1MDB-related transactions, the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) said in a statement on Wednesday morning...

Noble independent director to take over as chairman of audit committee from June 1

NOBLE Group independent director Andrew Herd will be appointed chairman of its audit committee from June 1, the company said in a release to the Singapore Exchange on Wednesday.

3Cnergy to place out 101.6m new shares to Peter Lim-backed Catpital Private for S$2.24m

CATALIST-listed 3Cnergy has entered into a subscription agreement with Peter Lim-backed Catpital Private, which has agreed to subscribe for around 101.64 million new shares at S$0.022 per share.

Keppel inks deal to sell five existing rigs for US$745m

KEPPEL Offshore & Marine (Keppel O&M) has, through its wholly owned subsidiary, Keppel FELS, inked a master agreement to sell five jackup rigs to drilling contractor Borr Drilling for around US$745 million.
HOCK LOCK SIEW

SIA could surprise with stronger-than-expected results

SINGAPORE Airlines (SIA) could surprise on the upside this week when it unveils its fourth quarter and full-year results on Thursday, buoyed by the rebound in the cargo sector and by its budget unit Scoot.

SIAEC posts higher Q4 profit on divestment gain

SIA Engineering Company (SIAEC) reported a net profit of S$55 million for the fourth quarter ended March 31, up nearly 20 per cent year-on-year, thanks to a S$14.3 million gain as the group divested its shares in associated company Asian Compressor Technology Services Company (ACTS).

SIAEC's Q4 bottom line strengthened by divestment

SIA Engineering Company (SIAEC) reported a net profit of S$55 million for the fourth quarter ended March 31, up nearly 20 per cent year-on-year.

F J Benjamin reports profit of S$371,000 for Q3FY18

FASHION retailer F J Benjamin turned in a net profit of S$371,000 for the third quarter, rising from S$33,000 a year ago, aided partly by cost control and closure of non-performing stores.

ST Engineering posts near 18% rise in Q1 profit

SHARES in Singapore Technologies Engineering (ST Engineering) fell seven cents to close at S$3.39 on Friday even as it posted a near 18 per cent rise in Q1 net profit to S$117.7 million.

OUE C-Reit Q1 DPU falls 9% on enlarged unit base from placement

HIGHER income support draw down helped OUE Commercial Reit (OUE C-Reit) post a 4.7 per cent rise in amount available for distribution for Q1FY18, while distribution per unit fell 8.9 per cent to 1.12 Singapore cents due to an enlarged unit base from the private placement completed in March last...

Healthway Medical chalks up a profit in Q1

HEALTHWAY Medical Corp (HMC) was in the black in the first quarter with a profit of S$116,000, versus losses of S$504,000 a year ago.