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Results

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.

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.

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.

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.

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).

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.

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.

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

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%.

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.
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