SINGAPORE, June 5 (Reuters) – Overseas Union Enterprise Ltd
will begin gauging demand for the listing of a hotel
REIT that is expected to raise up to $800 million, sources said,
as the Singapore property firm named a chief executive for the
The listing could be the city-state’s third-biggest IPO this
year, bolstered by strong demand for REITs and business trusts
as investors look for steady income streams and attractive
KUALA LUMPUR/SINGAPORE, June 5 (Reuters) – Malaysia’s
AirAsia Bhd, which has dominated budget air travel in
Asia with explosive growth over the past decade, faces serious
competition at home just as it tries to scale up operations in
Malindo Airways, an affiliate of fast-growing Indonesian
budget carrier Lion Air, began operating in Malaysia two months
ago, offering competitive fares on lucrative routes.
SINGAPORE/PARIS (Reuters) – Singapore Airlines Ltd (SIAL.SI: Quote, Profile, Research, Stock Buzz) agreed to spend $17 billion to buy 30 Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) and 30 Boeing Co. (BA.N: Quote, Profile, Research, Stock Buzz) aircraft, underscoring the airline’s bet on a pick-up in the struggling premium class market.
The significant orders announced on Thursday make Singapore Airlines (SIA) the long-awaited launch customer for a proposed stretched version of the 787 Dreamliner, boosting Boeing’s plans to offer a 320-seat aircraft designed in large part for crowded intra-Asian routes.
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.
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.
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
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.
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.
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.
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.
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.