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Tue, 14 Feb 2012 22:00:00 GMT

Company briefs

Tue, 14 Feb 2012 22:00:00 GMT

STI gains despite euro zone gloom

Tue, 14 Feb 2012 22:00:00 GMT

SINGAPORE shares inched up yesterday despite more gloomy news coming out of Europe.

GLP's third-quarter net profit up 3% to $109m

Tue, 14 Feb 2012 22:00:00 GMT

WAREHOUSE provider Global Logistic Properties' (GLP) third-quarter net profit rose 3.4 per cent to US$86.3 million (S$109 million) on the back of higher revenue and a net fair value gain of US$24.3 million.

Petrobas oil find may boost STX OSV's value

Tue, 14 Feb 2012 22:00:00 GMT

SEOUL: STX OSV Holdings, the world's biggest builder of oil rig support vessels, may attract a takeover premium of more than 30 per cent, as buyers look to profit from the Western Hemisphere's largest oil discovery in three decades.

Olam eyeing more investments

Tue, 14 Feb 2012 22:00:00 GMT

COMMODITY trader Olam International is continuing its busy acquisition drive, with a handful more planned for the next four months.

Ex-MD shines at making jewellery

Tue, 14 Feb 2012 22:00:00 GMT

IT WAS a huge gamble but entrepreneur Carolyn Kan's risky move to abandon a successful career to pursue her passion of making jewellery has certainly paid off.

Boot camp to whip start-ups into shape

Tue, 14 Feb 2012 22:00:00 GMT

START-UPS with commercial potential are in the middle of a 100-day boot camp being held in Singapore to whip their budding businesses into shape.

Great Eastern's net profit down 19% in Q4

Tue, 14 Feb 2012 22:00:00 GMT

THE weak investment climate in the second half of last year sent net profit at Great Eastern Holdings slumping 19 per cent in the fourth quarter.

Profitable Plots denies reports of $20m shortfall

Tue, 14 Feb 2012 22:00:00 GMT

SCANDAL-HIT land banking firm Profitable Plots is denying reports that it is facing a shortfall in its net shareholder position of more than $20 million.

China ready to help solve EU crisis: Wen

Tue, 14 Feb 2012 22:00:00 GMT

BEIJING: China's Premier Wen Jiabao said yesterday his country was ready to increase its participation in efforts to resolve Europe's debt crisis.

Asian bankers' pay down as much as 40% as slowdown hits

Tue, 14 Feb 2012 22:00:00 GMT

HONG KONG: Global investment banks slashed pay in Asia by between 30 per cent and 40 per cent last year, with many bankers receiving no bonus at all as a global slowdown hurt the sector, industry recruiters and sources within banks said.

DBS to boost China staff by 25% after profit doubles

Tue, 14 Feb 2012 22:00:00 GMT

DBS Group Holdings, South-east Asia's biggest bank, plans to boost its workforce in China by about 25 per cent this year, after profit doubled last year and as it seeks to reduce reliance on Singapore.

Julius Baer may move more operations to S'pore

Tue, 14 Feb 2012 22:00:00 GMT

SWISS private bank Julius Baer said that it will look to move more of its global functions to Singapore as it seeks to expand while diversifying its cost base out of the strengthening Swiss franc.

CapitaLand bullish on S'pore, China

Tue, 14 Feb 2012 22:00:00 GMT

PROPERTY giant CapitaLand is confident that the demand for homes is still healthy in Singapore and China despite property cooling measures imposed in both countries in recent months. Speaking at the group's results briefing yesterday, CapitaLand chief executive and president Liew Mun Leong said China faces a shortage of homes and that many middle-class buyers are still on the lookout for property.

Court spells out what's meant by insider trading

Tue, 14 Feb 2012 22:00:00 GMT

SINGAPORE'S top appeals court has, for the first time, given a detailed outline of what constitutes insider trading here. Corporate lawyers say the 95-page Court of Appeal document provides crucial guidance to market participants on what is acceptable market behaviour.

The document also shows that the Court of Appeal 'wants to punish insider trading but without creating a disincentive for people to trade on the Singapore stock market', said one corporate lawyer.

What's online follow and engage ST Online

Mon, 13 Feb 2012 22:00:00 GMT

TOP THREE MONEY STORIES ONLINE

Company Briefs

Mon, 13 Feb 2012 22:00:00 GMT

Singapore Power

STI rallies as Greece's debt woes lift

Mon, 13 Feb 2012 22:00:00 GMT

THERE was a tentative comeback on the market yesterday after shares took a hit in the two previous sessions.

Wing Tai's profit rises 1% in second quarter

Mon, 13 Feb 2012 22:00:00 GMT

DEVELOPER Wing Tai Holdings has posted a 1 per cent rise in second-quarter net profit to $34.2 million.

Temasek leads investment in online ad firm

Mon, 13 Feb 2012 22:00:00 GMT

TEMASEK Holdings has made a bet on the lucrative world of online advertising.

ComfortDelGro reports 3.1% rise in profit

Mon, 13 Feb 2012 22:00:00 GMT

COMFORTDELGRO Corp's revenue continued to grow steadily last year, powered by improvements in most of its businesses across the seven countries in which it operates.

Optus wins key game-broadcasting battle

Mon, 13 Feb 2012 22:00:00 GMT

SINGTEL unit Optus has won a landmark court battle against telco Telstra and Australia's football and rugby leagues over the broadcasting of games.

SingTel revenue up 2.7% in Q3

Mon, 13 Feb 2012 22:00:00 GMT

LED by new customers and the sale of handsets, SingTel's mobile business in Singapore and Australia helped to lift the company's third-quarter revenue by 2.7 per cent to $4.83 billion.

Keppel unit in talks to build Caspian Sea rig

Mon, 13 Feb 2012 22:00:00 GMT

KEPPEL Corp's offshore and marine unit is in talks with Azerbaijan state oil firm Socar about designing and building one of two oil rigs for the Caspian Sea.