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Parkson Retail sinks into 1Q loss on declining same store sales growth
SINGAPORE (Nov 10): Parkson Retail sunk into a loss of $5.2 million in 1Q from earnings of $49.5 million a year ago. This came on the back of negative same store sales growth across all regions and losses incurred from new stores and businesses.
November 10, 2016
Indonesia pulls brakes on SIA’s Singapore-Jakarta-Sydney route
SINGAPORE (Nov 9): Singapore Airlines has delayed the launch of a new Singapore-Jakarta-Sydney route.
November 09, 2016
iX Biopharma secures Canadian patent for WaferiX
SINGAPORE (Oct 31): iX Biopharma announced that it has secured a Canadian patent for its WaferiX drug delivery technology.
October 31, 2016
Results
Top Global swings to a loss of $126,000 in 3Q
SINGAPORE (Oct 31): Property developer Top Global sunk to a loss of $126,000 in 3Q16 from earnings of $984,000 a year ago.
October 31, 2016
Mewah acquires 95% stake in palm oil company
SINGAPORE (Oct 28): Mewah International has acquired a 95% stake in PT Angso Duo Sawit, an Indonesia-based palm oil company, for IDR 136.5 billion ($14.6 million).
October 28, 2016
Changi Airport Sept operating stats all up
SINGAPORE (Oct 24): Singapore Changi Airport’s operating indicators are all flashing higher for the month of Sept.
October 24, 2016
Singapore tops list of preferred business expansion destination by Asian enterprises: UOB survey
SINGAPORE (Oct 19): A third of Asian enterprises have singled out Singapore as their go-to market for business expansion over the next 3-5 years – in particular Indonesian, Malaysian, Thai and Hong Kong companies.
October 19, 2016
These 5 Asean destinations will dominate a $1.1 tril industry by 2026
SINGAPORE (Oct 18): By 2026, nearly 1 in 10 dollars (9.7%) of global investment in the travel & tourism (T&T) industry will be in the Asean region, says the World Travel & Tourism Council (WTTC) based on its latest report entitled ‘Travel & Tourism Inve
October 19, 2016
Broker's Calls
These 4 Asean postal companies get Nomura's stamp of approval
SINGAPORE (Oct 7): Asean courier service providers are about to get interesting with online retail sales poised to hit US$36.1 billion ($49.6 billion) by 2020, translating into a five-year CAGR of 23%.
October 07, 2016
In print this week
Tin brings shine to sunset industry of mining and refining
SINGAPORE (Sept 30): Soaring tin prices have provided a big boost to Malaysia Smelting Corporation (MSC), a subsidiary of Straits Trading Co and the world’s second-largest supplier of refined tin.
September 30, 2016