FIRMS keen to achieve productivity gains need not rush out and invest in fancy new automated equipment or expensive warehouses fitted with the latest technology. Just ask home grown Speedmark Air Transportation. The company accomplished what it needed to do by using a self help productivity assessment tool tailored by Spring Singapore for small and medium sized enterprises (SMEs) in the logistics ...

AVIATION and food company Sats has been striving to lift productivity in its two flight kitchens since 1996, way before the latest national drive to boost productivity. Chief executive Tan Chuan Lye told The Straits Times We anticipated the day will come when even if we can afford to recruit more people, the availability may not be there. One of its earlier improvements was a $1.5 million ...

DBS Group Research, Feb 18 Feb 18 close $4.04 RESULTS for Q4 2012 and FY2012 were in line with estimates. STE reported net profit of $576 million for FY2012, up 9 per cent y o y on the back of 6 per cent growth in revenue to $6.4 billion. Earnings were mainly driven by the Aerospace and Electronics segments, but all divisions showed improvement. Results would ...

THE future of aviation will be determined by how well aviation stakeholders can work together and rise to the challenge, embracing change, and shaping it, Transport Minister Lui Tuck Yew told a gathering of the world s top aviation leaders here yesterday. He saw upholding safety, ensuring adequate system capacity and developing human resource, to be key for the industry s continual growth. Mr Lui ...

SIA Engineering Company posted a 5.5 per cent gain in net profit at $67 million for the third quarter ended Dec 31, 2012, an increase bolstered by falling expenditure. Revenue for the same period was 8.3 per cent lower at $278.2 million, mostly because of lower fleet management and project revenue, the group said. Despite the fall in revenue, decreases in subcontract services and material costs, ...

[SINGAPORE] Aero engine giant Pratt & Whitney (P&W) underscored its determination to ramp up its presence across Asia and the Pacific by breaking ground yesterday for its new 180,000 sq ft fan blade and high pressure turbine manufacturing facility at Seletar Aerospace Park.This comes exactly a year after it started operations at its Singapore Component Repair Centre, just next door.With the two ...

GOOD growth in its aviation business at home and overseas helped aviation and food company Singapore Airport Terminal Services (Sats) lift third quarter profits by 23 per cent to $47 million. The increase in earnings for the three months to Dec 31 last year came on the back of a 6.4 per cent jump in turnover to $470.6 million over the same quarter in 2011. Sats is Changi Airport s biggest cargo ...

SATS Ltd posted a 23 per cent year on year increase in net profit to $47 million for the third quarter ended Dec 31, 2012. The double digit growth in the bottom line was driven by the absence of a loss from a discontinued business, its UK subsidiary Daniels Group, which SATS sold in October 2011. Operating profit for the same period was 6.8 per cent higher at $46.8 million, in line with a 6.4 per ...

COMPANIES are gearing up for a massive fund raising effort on the back of a fast improving market for initial public offerings (IPOs). The share market is near two year highs, and Singapore Exchange (SGX) boss Magnus Bocker noted that the number of potential new listings was healthy. One of the biggest IPOs believed to be on the cards this quarter is a possible move by the Temasek linked ...

CACHE Logistics Trust posted a distribution per unit (DPU) of 2.154 cents for the fourth quarter, up 2.5 per cent from 2.102 cents a year earlier.Net property income for the three months ended Dec 31 was $18.3 million, an increase of 13.9 per cent over the previous year.For the full year, rental escalations and the two acquisitions that the real estate investment trust (Reit) made in 2012 helped ...

GLOBAL Logistic Properties (GLP) will sell three more properties, for 12.6 billion yen (S$173 million), to its Tokyo Stock Exchange listed real estate investment trust GLP J Reit. The company announced the sale yesterday after GLP J Reit exercised purchase options granted in November to acquire three industrial properties that GLP owns in Japan. Said Jeffrey Schwartz, deputy chairman of GLP This ...

JUST four months after the last brick was laid on its 37,000 square metre (sq m) warehouse facility in Singapore, Menlo Worldwide Logistics is already planning to pump in over $100 million into two other warehouse facilities here. The warehouses, which will be ready in the next three years, will be similar or even bigger in size than the newly opened logistics centre at Sunview Way, said Robert ...

LOGISTICS company Menlo Worldwide Logistics yesterday unveiled a new $50 million warehouse and distribution centre in Boon Lay. The United States company said it expects to open two more centres in Singapore within the next three years in order to keep up with fast growing demand here. The 400,000 sq ft building in Sunview Way is the San Francisco based Menlo s seventh facility in Singapore. It ...

THE electronics arm of Singapore Technologies Engineering (ST Engg) reeled in $192 million worth of contracts in the closing quarter of last year.In the rail electronics and intelligent transportation segment, ST Electronics secured a project in Malaysia involving implementing a Facility Scada (Supervisory Control & Data Acquisition) System for the Sungei Buloh Kajang mass rapid transit line. It ...

[SINGAPORE] In aviation, an unremarkable year is generally a good year and 2012 comes pretty close. There were no major instances of terrorism, wars, natural calamities or major outbreaks of diseases which kept travellers and planes grounded. High fuel prices stubbornly remained an issue, but travel demand was generally robust enough to soften the blow of this. As a result, the usually cautious ...