JTC launches 2.83-hectare site for sale

JTC launches 2.83-hectare site for sale

Posted: 31 August 2011 0909 hrs

SINGAPORE: JTC Corporation has launched a 2.83-hectare site at the junction of Kallang Avenue and Lavender Street for sale.

The 60-year lease site has a maximum permissible gross plot ratio of 3.0.

It is zoned for Business-1 White development.

Tender closes on October 27.

- CNA/cc

CCM wins S$100.5m contracts from HDB, Orion-One »« GuocoLand’s Q4 profit surges 79 per cent

GuocoLand’s Q4 profit surges 79 per cent

GuocoLand’s Q4 profit surges 79 per cent

04:46 AM Aug 27, 2011

Property developer GuocoLand yesterday reported its net profit for the fourth quarter ended June rose 79 per cent from the corresponding period a year earlier to S$93.2 million as revenue jumped 68 per cent to S$278.5 million.

This was mainly due to a higher contribution from development projects in Singapore and further revenue recognition from the completion of sale of an office block in Shanghai Guoson Centre. Other income rose to S$62.9 million from S$50.2 million due to a gain on revaluation of investment properties.

For the fiscal year ended June 30, net profit fell 3 per cent to S$130.2 million on the back of a 12-per-cent drop in turnover fell to S$647.3 million.

GuocoLand declared a first and final dividend of 8 cents a share, unchanged from the previous year.

Source : TODAYonline – MediaCorp Press Ltd’s copyright

JTC launches 2.83-hectare site for sale »« S$320 million boost for SME innovation

S$320 million boost for SME innovation

S$320 million boost for SME innovation

04:46 AM Aug 27, 2011

SINGAPORE – The Government is setting aside S$320 million over the next five years to help 3,500 small and medium size enterprises (SMEs) exploit technology innovation to grow and to compete better in the marketplace.

The funding will be made available through SPRING Singapore’s Technology Innovation Programme (TIP).

It is substantially higher than the S$220 million committed in the last five years under the TIP that benefited more than 2,500 SMEs.

SPRING believes technology can be a key enabler to many companies by allowing them to reduce costs and increase productivity. SMEs have made their concerns about rising costs, especially labour costs, known recently.

Addressing this concern, Deputy Prime Minister Teo Chee Hean said yesterday: “We know that our SMEs are facing a unique set of challenges. Wage cost pressures are rising as a result of the tighter labour market and the increase in foreign worker levies. Other cost and competiveness issues also weigh heavily on the minds of business owners. The government is aware of these challenges and will work with you to address these issues and concerns.”

Mr Teo was speaking at the Entrepreneur of the Year Award presentation ceremony. He also highlighted the efforts of SPN International, which developed a unique nano-coating technology that has caught the eye of chip makers such as Hitachi, Samsung and Seagate.

Mr Jeff Chan, CEO of SPN, said: “For the past three years, we’ve benefited from more than a million dollars in subsidies from A*STAR and SPRING. This helped us to subsidise our operational costs.”

Mr Jimmy Fong of EpiCentre Holdings and Mr Eldwin Chua of Paradise Group Holdings were crowned the overall winners of The Entrepreneur of the Year 2011 – a Rotary/Asme award.

Mr Linus Goh, Global Head of Enterprise Banking & Financial Institutions, OCBC Bank, a main sponsor of the award said: “This year’s winners clearly demonstrate an ability to differentiate through customer focus and innovation to succeed in local and global markets.”

Source : TODAYonline – MediaCorp Press Ltd’s copyright

GuocoLand’s Q4 profit surges 79 per cent »« URA launches tender for Kaki Bukit industrial site