JTC to build new marine, aviation, medtech centres
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07 September 10
The Business Times by Uma Shankari
(SINGAPORE) JTC Corp, which is now surfacing from the global financial crisis, is planning several new infrastructure projects. New proposals aimed at anchoring new investments in Singapore include an offshore and marine centre, a general aviation centre and a medtech centre. The offshore and marine centre will offer companies common facilities along the waterfront to optimise the use of scarce ...
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SIA, Changi Airport put up sterling performances
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01 September 10
The Business Times by Uma Shankari
NATIONAL carrier Singapore Airlines (SIA) scored a record 79.3 points - out of a possible 100 - in the latest instalment of the Customer Satisfaction Index of Singapore (CSISG). The airline's score rose by 3.6 points to achieve the highest ever satisfaction score ever attained by any company measured under the CSISG, well above the national average of 68 for the CSISG's 2009 edition. The ...
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Singapore 'can play key regional logistical role'
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26 August 10
The Strait Times by Robin Chan
THE growth of intra-Asian trade is presenting logistics companies with a more complex task of moving goods, Senior Minister of State for Trade and Industry S. Iswaran said yesterday. But Singapore can play a big part in developing solutions to these challenges by working in collaboration with the logistics companies, and by developing specialised services for them, he said. He was speaking at the ...
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Dubai Airport hits 4m monthly passenger mark
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25 August 10
The Business Times by Ven Sreenivasan
DUBAI International Airport, a leading rival hub airport of Singapore's Changi, broke the elusive 4 million monthly passenger mark coming into the second half of the year. The busiest airport in the Middle East handled a total of 4.31 million passengers in July, a 14.3 per cent rise from 3.77 million passengers handled in July 2009. This raised the year-to-date passenger traffic to 26.86 million ...
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Ready to ride any storm to deliver to its customers
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24 August 10
The Business Times by Lee Ying, Benjamin Seow And Melinda Wong
EXPERIENCED - Professional - Safe - Efficient. Such is the motto of the company whose name extends with a global reach into the oil and gas industry. Incorporated in 2000, Consolidated Pipe Carriers (CPC) is a leading provider of offshore solutions, with a focus on pipeline logistics for the oil and gas industry. Headquartered in Singapore since 2004, CPC today also has offices in Brazil and ...
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MapletreeLog acquires second Korean warehouse
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23 August 10
The Business Times by Winston Chai
MAPLETREE Logistics Trust (MapletreeLog) is investing $32 million to buy a second warehouse in South Korea. The company yesterday announced it has signed a conditional sale and purchase agreement with the property's vendor Multi-Q Logistics. The purchase consideration is 28 billion won or around $32 million Singapore dollars. This deal is expected to be completed at the end of the current ...
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Unionists wowed by Seletar aviation hub
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20 August 10
The Strait Times by Cai Haoxiang
IN A remote corner of Singapore, some 100 union leaders from the transport and logistics sectors saw the shape of things to come for companies in their industry. They snapped pictures of buildings and hangars - many built before World War II - and of sandy patches of land and old roads that are fast disappearing as Seletar airport and its surroundings evolve into a modern aviation centre by 2018. ...
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Soilbuild divests logistics warehouse for $60m
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19 August 10
The Business Times by Yen Pei Wen
SOILBUILD Group Holdings is divesting Penjuru Logistics Hub, a five-storey purpose-built logistics warehouse, for $60 million. The integrated boutique developer is expecting to recognise a gain of about $16.3 million from the sale of the property at 34 Penjuru Lane, which has a remaining lease of 22 years. The warehouse, which has 0.4 million square feet of business space, will be leased back to ...
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Centre to groom S'pore supply chain specialists
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18 August 10
The Business Times by Ven Sreenivasan
SINGAPORE is one of the most critical supply chain management nodes in the Asia-Pacific - yet very few Singaporeans have training, skills and expertise in this area. But Supply Chain Asia (SCA) - a loose confederation of experienced supply chain specialists here - is determined to change this. 'We are setting up an innovation centre to enhance and leverage on Singapore's position as one of the ...
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Griffin jumps onto pharma wagon
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10 August 10
The Business Times
HAVING forged a strong position in spare parts logistics for the marine and offshore sectors, home-grown Griffin Kinetic now wants to penetrate the pharmaceutical logistics industry as well. 'We're not moving away from what we've been doing for the past 21 years,' says managing director Gerry Tan. 'It's just a lateral expansion of what we are doing. 'If you have followed A*Star and even Spring ...
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Sale of logistics firm lifts Thakral Q2 profit 9 times
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05 August 10
The Business Times by Emilyn Yap
THAKRAL Corporation yesterday posted improved second quarter results, boosted by a one-off gain from the sale of a stake in a logistics firm. The company hopes to expand its network and improve margins in the consumer electronics distribution business. It is also working on possible partnerships for property projects in Australia. For the quarter ended June 30, Thakral's net profit was $29.8 ...
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Sats Q1 profit rises 9.7% to $44.3m
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30 July 10
The Business Times by Ven Sreenivasan
SINGAPORE Airport Terminal Services lifted its first quarter net profit by 9.7 per cent to $44.3 million as all businesses and divisions delivered growth. The rise in earnings attributable to equity-holders came as topline revenue climbed 8.6 per cent to $382.1 million, from $351.7 million, during the April-June 2010 quarter, thanks to higher aviation revenue, improved UK food sales and higher ...
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June loads show global aviation still bouncing back
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29 July 10
The Business Times by Ven Sreenivasan
(SINGAPORE) THE aviation industry continues to bounce back from the slump brought on by the global recession. The latest figures from the International Air Transport Association (Iata) show international passenger demand rose 11.9 per cent year on year in June, while scheduled freight traffic improved 26.5 per cent. Capacity increased only slightly during the month, keeping load factors in line ...
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SIA beats forecasts with $253m profit
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27 July 10
The Strait Times by Karamjit Kaur, Aviation Correspondent
SINGAPORE Airlines has cashed in on the aviation sector's turnaround to post a first-quarter profit that easily trumped analyst forecasts. The carrier posted a $253 million net profit for the three months to June 30, reversing a $307 million loss a year ago. Some analysts had expected earnings of under $200 million. SIA's good performance comes on the back of a recovery in yields and load factors ...
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SIA's Q1 turnaround better than expected
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27 July 10
The Business Times by Ven Sreenivasan
A STRONG recovery in passenger demand and a resurgence in air freight have lifted Singapore Airlines back into the black. SIA yesterday reported a first-quarter attributable profit of $252.5 million, reversing a loss of $307.1 million in the April-June 2009 period. The latest results are better than many analysts' estimates and translate to earnings per share of 21.2 cents, versus a loss of 26 ...
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