Boustead Singapore’s FY2008 profit rises 46% to S$51.5m

Boustead Singapore’s FY2008 profit rises 46% to S$51.5m
 
SINGAPORE: Infrastructure company, Boustead Singapore, said its FY2008 net profit rose 46 percent to S$51.5 million, while its revenue rose about 28 percent to S$438 million – the sixth straight year of record profits and revenues.
 
Boustead said its better showing was due to the buoyant environment and [...]

Govt awards CCK site to Tian Hock at $116m

Govt awards CCK site to Tian Hock at $116m 
 
The government has awarded the tender for the residential site at Choa Chu Kang Drive to Tian Hock Properties, which submitted the highest bid of 116 million dollars.
 
This works out to about 203 dollars per square foot of gross-floor area.
 
Five bids were submitted in total [...]

Metro Holdings sees 4% dip in FY profits to S$66m

Metro Holdings sees 4% dip in FY profits to S$66m
 
SINGAPORE: Property developer and retailer Metro Holdings on Wednesday reported a four per cent dip in full year profits to S$66 million.
 
The company said the drop was due to a substantially higher tax charge and the lack of a one-off gain in the year-ago period. [...]

Recession still likely in US, says Greenspan

Recession still likely in US, says Greenspan 
 
Ex-Fed chief also thinks it is too soon to tell if worst of credit crisis is over
 
THE United States is still more likely than not to have a recession in spite of the relative stabilisation in the economy in recent weeks, Mr Alan Greenspan has told the Financial [...]

The Hong Kong tycoon and his female friend

The Hong Kong tycoon and his female friend 
 
Family feud ends as real estate boss isreplaced by his mum
 .
Hong Kong real estate giant Sun Hung Kai Properties has ousted Mr Walter Kwok (picture) as its chairman, replacing him with his 79-year-old mother after a high-profile feud at the family-run firm.
.
“The board announces that [...]

Parkway Life Reit puts in $35m to tap the silver dollar

Parkway Life Reit puts in $35m to tap the silver dollar 
 
Singapore-listed Parkway Life Reit is investing in the silver dollar. It is pumping $35 million to jointly buy two nursing homes in Japan.
.
By 2050, it is estimated one in three Japanese people will be over 65 years of age.
.
“The demand for good [...]

Restoration work underway at Cornwall Gardens Road

Restoration work underway at Cornwall Gardens Road
 
SINGAPORE: The Land Transport Authority (LTA) has said expects one lane of Cornwall Gardens Road to be opened this Friday.
 
LTA said its inspection of the area is complete and reassures the public that buildings in the area are safe.
 
The family that has moved to the hotel since [...]

PUB clears river sludge along Robertson Quay

PUB clears river sludge along Robertson Quay
 
SINGAPORE: The air along Robertson Quay has finally been cleared. And the source of the offending stench a 1m-thick layer of sludge lining the bed of the Singapore River has been removed, giving the area a breath of fresh air.
 
The years of muck that lined a 50m stretch [...]

Parkway Life REIT investing in two nursing homes in Japan

Parkway Life REIT investing in two nursing homes in Japan
 
SINGAPORE: Parkway Trust Management, the manager of Parkway Life Real Estate Investment Trust, is investing in two nursing homes in Japan for some S$34m.
 
One of the homes is located in Yokohama City, Kanagawa Prefecture and the other is in Ibaraki City, Osaka.
 
The vendor of [...]

URA releases 2 sites at Woodlands, Kallang Pudding Road for sale

URA releases 2 sites at Woodlands, Kallang Pudding Road for sale
 
SINGAPORE: The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Industrial Park E5 for sale by public tender.
 
The site has an area of 1.68 ha and is zoned for a Business 2 development. The tender for the site will close at [...]