Fraser and Neave posts 11.7% rise in H1 net profit to S$205m

Fraser and Neave posts 11.7% rise in H1 net profit to S$205m
 
SINGAPORE : Conglomerate Fraser and Neave (F&N) on Friday said it is looking to expand its food and beverage business in a bid to rebalance profit contributions from its other businesses.
 
For the half-year ended in March, F&N booked a nearly 12 percent rise [...]

A-REIT to buy business park building in Jurong for S$246.8m

A-REIT to buy business park building in Jurong for S$246.8m
 
SINGAPORE : Ascendas Real Estate Investment Trust (A-REIT) is buying a business park building in Jurong for S$246.8 million.
 
The property at 31 International Business Park is currently owned by multimedia firm Creative Technology.
 
It has a gross floor area of about 62,000 square metres and [...]

She’s been sold – again

She’s been sold – again
 
Fairmont Raffles Hotel Int’l sells its stake in Raffles Hotel to ex-Credit Suisse banker
 
THE Grand Dame of Singapore will be getting a new master — yet again.
.
Fairmont Raffles Hotel International — controlled by Saudi Arabian billionaire Prince Alwaleed bin Talal and United States-based private-equity company Colony Capital — is [...]

S’pore homes to be wired up with fibre optic link

S’pore homes to be wired up with fibre optic link
 
Both bidders for next-gen broadband network propose this lightning-speed technology
 
By Alfred Siew
 
BESIDES phone and cable points, Singapore homes will soon get one more jack in the wall - for a thin fibre optic cable to hook up to ultra-fast broadband.
 
The technology, called Fibre To [...]

US sub-prime crisis far from over, warns Jim Rogers

US sub-prime crisis far from over, warns Jim Rogers
 
By Grace Ng
 
THE United States sub-prime crisis rocking world financial markets is not over by a long shot, warns investment guru Jim Rogers.
 
‘I doubt that we’re halfway through,’ he said yesterday, adding that he expects more write-downs from European and US banks for their investments [...]

MANDARIN GARDENS EN-BLOC SALE

MANDARIN GARDENS EN-BLOC SALE
 
Committee not involved in AGM
 
PLEASE refer to Monday’s article, ‘En-bloc uproar at Bayshore Park, Mandarin Gardens’ by Ms Jessica Cheam, and the letter by Mr Augustine Cheah, ‘En-bloc system needs relook, as Bayshore shows’.
 
The Mandarin Gardens collective sale committee would like to clarify that it was not involved in the proceedings [...]

Banks aren’t out of the woods yet

Banks aren’t out of the woods yet
 
By CHOW PENN NEE
 
DOGGED by a multitude of problems stemming from the sub-prime mortgage crisis in the US, banks here are not having it easy. Nor will it become easier as the year progresses. Last year saw them dogged by writedowns on their holdings in collateralised debt [...]

US banks clamping down on loans

US banks clamping down on loans
 
This suggests that Wall Street’s recovery rally is overly optimistic
 
(WASHINGTON) Wall Street seems to have concluded that the worst of the credit crisis is over and investors are looking to better economic times ahead, but Main Street is sending the opposite signal.
 
While banks have raised cash by the [...]

Soros says impact of crisis on US economy just starting

Soros says impact of crisis on US economy just starting
 
(WASHINGTON) Billionaire investor George Soros believes that the ‘acute phase’ of the financial crisis is ‘largely behind us’, even as the US economy is only now starting to feel the effect.
 
The damage done to the global financial system ‘has to affect, in my opinion, [...]

Test of Singapore’s economic resilience

Test of Singapore’s economic resilience
 
MUCH has been written about the nature of the beast, about whether it’s shaped like a U, V, L or even W. We’re talking of course about the impending - or, as oracles like former US Federal Reserve chief Alan Greenspan and Berkshire Hathaway’s Warren Buffett contend, the ongoing - US [...]