by Jared Heng The Singapore Exchange (SGX) posted a net profit of S$152.9 million for the six months ending 31 December 2011 (1HFY2012), up 3 per cent from S$148.4 million in 1HFY2011. But for 2QFY2012 alone, SGX’s net profit totalled S$65.4 million, down from S$74.2 million in the previous corresponding period. Revenue during the quarter...

by Jared Heng Malaysian developer IOI Properties’ unit Multi Wealth (Singapore) has won its top bid of about S$408 million for the condominium housing site at Jalan Lempeng in Singapore. With a 99-year lease term, the 18,019.4-square metre site has a maximum gross floor area of 54,058.2 square metres and can potentially yield some 540...

by Jared Heng Sales of new private residential units in Singapore tumbled in December following the government’s latest cooling measures. Excluding executive condominiums, a total of 632 private residential units were sold last month, according to latest data released by the Urban Redevelopment Authority. This was a sharp drop from November when 1,702 units were...

by Jared Heng S Global Holdings Friday announced the inauguration of its state-of-the-art centre for mobile internet product development and innovation in Singapore. Noting Singapore’s advanced telecommunications infrastructure and skilled labour force, S Global said the 100,000-square foot Global Innovation Centre will serve as a global innovation hub for the company’s mobility business. The five-storey...

by Jared Heng Singapore Exchange (SGX) Friday welcomed the listing of CapitaMalls Asia’s 10-year bonds on the Mainboard under the stock code ‘PW3Z’. CapitaMalls Asia, one of the largest listed shopping mall developers, owners and managers in Asia by total property value of assets and geographic reach, listed S$400 million of 10-year callable bonds. Ng...

by Jared Heng Even as it expands the rail network, the Singapore government is studying how it can help bus operators grow their fleet and drivers in a sustainable manner, Minister for Transport Lui Tuck Yew said. Speaking at the opening ceremony of the Circle Line Extension on Friday, Mr Lui said this involved “complex”...

by Jared Heng Retail sales in Singapore rose 6.4 per cent year-on-year in November last year. Excluding motor vehicles, retail sales increased 6.7 per cent from a year earlier. Compared with November 2010, retailers of telecommunications apparatus & computers and petrol service stations recorded double-digit growths in sales of 26.8 per cent and 21.1 per...

by Jared Heng Singapore’s Housing and Development Board (HDB) will set aside about S$11 million to help 3,300 shops in 35 sites enhance their business vibrancy and competitiveness. In a statement on Friday, HDB said the move is part of its fourth batch of the Revitalisation of Shops (ROS) scheme. The authority will also extend...

by Jared Heng The land parcel at Jalan Lempeng in Singapore attracted a total of eight bids at the close of its tender on Thursday, the Housing and Development Board (HDB) said. Launched for tender on November 29 last year, the 24,417.6-square metre condominium housing site has a 99-year lease term. With a maximum gross...

by Jared Heng Association of Southeast Asian Nations (ASEAN) member states agreed to step up collaboration to advance cruise tourism in the region during the recent ASEAN tourism ministers’ meeting in Manado, Indonesia. To this end, ASEAN will co-organise a series of workshops with the industry to share best practices and strengthen collaboration in port...

by Jared Heng While the time Singapore companies took to pay their debts improved slightly in last year’s fourth quarter, 18 per cent of all monies owed remained unpaid 90 days after the debt was due, according to DP Information Group (DP Info). Developed by the DP SME Commercial Credit Bureau, the Debts Turned Cash...

by Jared Heng Singapore’s Certificate of Entitlement (COE) quota for the six-month period from February to July this year will be 22,160, the Land Transport Authority (LTA) said on Thursday. The number is less than the 22,324 COEs available for the previous six-month period from August 2011 to January 2012. LTA said bidding under the...