IT WAS clear skies again for Singapore Airlines in the fourth quarter, as sales of aircraft, spares and spare engines lifted the carrier back into the black. But SIA also warned of turbulence ahead in the form of "almost flat" passenger bookings, as well as cargo overcapacity. SIA reported yesterday that net ...

DESPITE the emphasis on manufacturing in Asia, a general lack of world-class supply chain management (SCM) systems leads to a lot of inefficiencies. Making this observation to BizIT, Hamish Brewer of JDA Software, the largest standalone supply chain solutions vendor, said that a lot of companies in Asia are only now getting the basics of SCM in place. "In markets like China, they built up ...

ONE of the biggest railway giants in the world, the East Japan Railway Company (JR East) will use Singapore as its Asia-Pacific hub to tap on the region's plans to set up high-speed inter-city and inter-country railway networks. JR East opened its Singapore office in March this year, its first outside Japan in Asia, as well as a European hub in Brussels in Belgium in November 2012. JR East is the ...

April 25 close: $1.39 OCBC Investment Research, April 25 CONSISTENT set of Q1 2013 results. Cache Logistics Trust (Cache) has just released its Q1 2013 results. Net property income (NPI) rose 12.4 per cent y-o-y to $18.1 million, forming 23.4 per cent of our FY2013F NPI. Distributable income increased 18.3 per cent to $15.8 million, meeting 24.7 per cent of our ...

THE Good Friday long weekend spelt good news for Changi Airport. Passenger traffic hit a new high for the month of March, with 4.61 million passengers passing through. This was 7.7 per cent more than in March last year. The number of flights also grew by 5.3 per cent to 28,400. Changi Airport Group (CAG) yesterday attributed the rise to holiday-makers travelling over the Good Friday long weekend ...

KEPPEL Telecommunications & Transportation's (Keppel T&T) net profit for the first quarter ended March 31, 2013, rose 4 per cent to $15 million from $14.4 million a year ago.The three months saw group revenue rising 10.1 per cent to $37 million, from $33.6 million a year ago. This was due to higher revenue contributions from its logistics and data centre divisions. As a result, operating profit ...

AS physical commodities trading becomes more complex, industry players are spending more time on the ground with suppliers and customers in an effort to better manage their supply chains. These efforts can involve traversing the globe from a coal mine in South Africa to a power plant in China. More of such activity is being concentrated in Asia, as growing economies in the region make up for the ...

[SINGAPORE] The International Air Transport Association (Iata) is projecting brighter prospects for the global commercial aviation industry.Barring an escalation of the eurozone crisis or other unexpected event, it estimates that the industry's tax profits will hit US$10.6 billion this year, up from its forecast of US$8.4 billion last December. Iata said: "Confidence in the outlook for both the ...

THE National University of Singapore (NUS) has set aside close to $1 million to fund its largest tie-up so far with the local aerospace sector. Launched yesterday, the Centre for Aerospace Engineering will partner leading industry players SIA Engineering, ST Aerospace and DSO Laboratories, which is the national defence research and development organisation. The aim is to focus on research that ...

[SINGAPORE] A mega passenger terminal could be built on a site in Changi East, said Minister of State for Transport Josephine Teo yesterday. In her speech on air transport in Parliament, she said the 1,080-hectare site - enough for such a facility - lies between the current Runway 2 and Runway 3. Alongside the passenger terminal, the site could accommodate an airfreight centre, an air logistics ...

SINGAPORE food and gateway services specialist SATS Ltd is to have a top foreign banker as its head from Jan 1 next year. Alexander Charles Hungate, the current HSBC Group general manager and CEO of HSBC Singapore, was named yesterday as the person who will take over from long-serving SATS executive Tan Chuan Lye, who retires as president and chief executive officer (PCEO) at the end of the year. ...

KEPPEL Logistics said yesterday it is planning to set up an air logistics hub in eastern Singapore.It declined to disclose the size of its investment, citing commercial sensitivity.The company, which is a unit of Keppel Telecommunications & Transportation (T&T), has leased a two-hectare site in Tampines Logistics Park from JTC Corporation for a period of 30 years.The new four-storey ramp up ...

STRONGER revenue and a gain on fair value of marketable securities more than doubled Freight Links Express Holdings' third-quarter net profit to $8.72 million from $3.8 million a year earlier.Earnings per share rose to 0.36 cent from 0.17 cent. Net asset value was 8.65 cents, up from 7.99 cents in April 2012. Net gearing ratio was 0.28 times.The logistics provider's other income increased 84.4 ...

IS the long-suffering global air-freight business starting to recover, or was January's 5 per cent year-on-year growth a blip? That is the question the International Air Transport Association (Iata) is trying to determine in the wake of the January 2013 stabilisation of air-freight markets, following somewhat encouraging growth towards the end of 2012. "Compared with the previous year, demand for ...

AN aggressive expansion of its trading activities worldwide, coupled with high oil prices, has helped China Aviation Oil (Singapore) Corporation (CAO) boost its revenue significantly over the past five years. Asia's largest jet fuel buyer, which imports over 95 per cent of China's jet fuel needs, has shifted its focus beyond China to new markets, such as North America, Europe, Australia and the ...