Singapore Airlines results disappoint, capacity cuts planned
SINGAPORE (Reuters) – Singapore Airlines Ltd (SIAL.SI: Quote, Profile, Research, Stock Buzz) reported weaker-than-expected full-year results and warned of a deteriorating environment as it struggles to cope with the rapid emergence of Gulf carriers and low cost Asian rivals.
SIA is attempting a big strategy overhaul, pushing into the budget airlines segment and expanding its regional network.
Struggling Singapore Airlines fights back to boost growth
SINGAPORE, May 16 (Reuters) – Singapore Airlines Ltd
, caught between the rapid emergence of Gulf carriers
and low cost Asian rivals, is attempting a big strategy overhaul
to revive growth, pushing into the low-cost segment and
expanding its regional network.
State-backed Emirates Airline, Etihad Airways and Qatar
Airways are stitching deals, while Gulf states race to become
regional hubs linking the Asia-Pacific region and Europe.
Gamblers get lucky at Genting’s Singapore casino
SINGAPORE, May 2 (Reuters) – A stroke of bad luck. That’s
what casino operator Genting Singapore PLC blamed for
reporting a sharply lower-than-expected quarterly profit, while
also flagging a cautious outlook due to muted Chinese economic
growth.
Genting Singapore’s Resorts World Sentosa, one of two
casinos in the island state that are the envy of the global
industry since opening three years ago, said that its 35 percent
fall in core earnings simply came down to so-called “premium”
gamblers getting lucky.
Olam, under Temasek’s gaze, shifts to slower growth path
SINGAPORE, April 25 (Reuters) – Olam International Ltd
, propped up by Singapore state investor Temasek
Holdings after worries mounted over its high debt, bowed to
investor pressure and said it will nearly halve its capital
spending over the next three years and trim its businesses.
The Singapore-based agricultural commodities company, which
came under attack from short-seller Muddy Waters last November
and was forced to raise cash as its stock and bond prices
tumbled, has been urged to rein in its global expansion plans
and generate more cash.
Olam plan may slam the brakes on growth to appease investors
SINGAPORE/HONG KONG April 25 (Reuters) – Singapore’s Olam
International Ltd, under pressure to retreat from a
debt-fuelled acquisition spree that drew a short-seller’s attack
last November, will unveil a strategy review on Thursday that
many investors hope will target less growth and more cash.
Olam, an agricultural commodities company with global
ambitions, was propped up by Singapore state investor Temasek
Holdings after Muddy Waters criticised its business
practices and sparked a tumble in its bond and share prices.
High-rollers from China make Singapore casinos see red
SINGAPORE, April 10 (Reuters) – High-rollers get lavish
treatment and hefty credit lines at Singapore’s two casinos,
like any other gaming house in the world. But here, more of them
skip town without paying their debt, a matter of increasing
concern for investors.
Three years after Singapore allowed casinos to open, Genting
Singapore PLC’s Resorts World Sentosa and Las Vegas
Sands Corp’s Marina Bay Sands have become the world’s
most profitable. Chinese nationals account for around half of
the VIP gaming volume at their tables.
Sky’s the limit? Southeast Asia budget airlines bet big on growth
SINGAPORE (Reuters) – Lion Air’s record aircraft orders underline the ambitious plans the privately held Indonesian group is hatching to emerge as a pan-Asian low cost carrier, throwing a serious challenge to AirAsia Bhd, the region’s biggest budget airline.
The rivalry intensified on Friday when Lion Air launched its first service in Malaysia, barging onto AirAsia’s home turf, but the pace of expansion has raised questions about whether airlines are overextending themselves.
Asia business sentiment edges up in first quarter, global growth weighs
SINGAPORE (Reuters) – Asia’s top companies, especially those in the export engines of China, Japan and South Korea, are wary about their business outlook, while Southeast Asia is outperforming as a result of strong domestic consumption, the latest quarterly Thomson Reuters/INSEAD Asia Business Sentiment Survey showed.
Global economic uncertainty ranks as the chief business risk across all sectors and all countries, as it has for the past year and a half, and is mainly responsible for the cautious sentiment despite a flood of global liquidity benefiting most economies.
Asia business sentiment edges up, India loses steam
SINGAPORE (Reuters) – Asia’s top companies, especially those in the export engines of China, Japan and South Korea, are wary about their business outlook while Southeast Asia is outperforming as a result of strong domestic consumption, the latest quarterly Thomson Reuters/INSEAD Asia Business Sentiment Survey showed.
Global economic uncertainty ranks as the chief business risk across all sectors and all countries, as it has for the past year and a half, and is mainly responsible for the cautious sentiment despite a flood of global liquidity benefiting most economies.
Asia business sentiment edges up in Q1, global growth weighs
SINGAPORE, March 20 (Reuters) – Asia’s top companies,
especially those in the export engines of China, Japan and South
Korea, are wary about their business outlook, while Southeast
Asia is outperforming as a result of strong domestic
consumption, the latest quarterly Thomson Reuters/INSEAD Asia
Business Sentiment Survey showed.
Global economic uncertainty ranks as the chief business risk
across all sectors and all countries, as it has for the past
year and a half, and is mainly responsible for the cautious
sentiment despite a flood of global liquidity benefiting most
economies.
