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'Opportunities for S'pore' with Asean free trade zone

SINGAPORE is poised to play a greater role as an exporter of services and skills once the Asean Economic Community (AEC) is up and running, a global management consultancy expert says. "Already, Singapore is home to a lot of headquarters for companies in the region," McKinsey & Company Asia chairman Kevin Sneader told The Straits Times in a recent interview. "It has a strong base of expertise and...


SATS reports 21.1% hike in Q4 profit, lifted in part by lower costs

SingaporeBOOSTED by lower expenses and higher contributions from associates and joint ventures, ground-handler SATS reported a 21.1 per cent year-on-year jump in net profit to S$51.6 million for 4QFY15 ended March 31.This was despite a 2.2 per cent slide in revenue to S$425.1 million as higher revenue from its gateway services business was offset by lower revenue from its food solutions...


SIA expected to unveil better Q4 results

SingaporeA BETTER performance could be on the cards for Singapore Airlines (SIA), when it reports its fourth-quarter and full-year results on Thursday, aided in part by lower fuel costs and lower hedging losses.UOB Kay Hian director of Asia transport research, K Ajith, expects SIA to marginally pip the consensus FY2015 net profit estimate of S$382 million. "Key drivers are lower fuel prices,...


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