Changi Airport

SingPost reports 55.7% lower earnings of $16.7 mil for 2H; 47.7% lower earnings of $47.6 mil in FY20/21 - THE EDGE SINGAPORE

Results

SingPost reports 55.7% lower earnings of $16.7 mil for 2H; 47.7% lower earnings of $47.6 mil in FY20/21

Singapore Post (SingPost) has reported earnings of $16.7 million for the 2HFY2020/2021 ended March 31, 55.7% lower than earnings of $37.7 million in the 2HFY2019/2020.

Aviation & Engineering

Keeping Changi Airport as an international hub is a top priority, says Transport minister Ong

Singapore is prioritizing safely reopening its borders this year and nailing down Changi Airport’s position as an international hub when travel recovers from the pandemic, otherwise “we will be ber

Singapore opens bubble for business travelers at Changi Airport - THE EDGE SINGAPORE

Travel

Singapore opens bubble for business travelers at Changi Airport

Singapore has started taking applications for a program that will allow people to enter the island for business and official purposes without having to quarantine for 14 days. The catch?

DBS ups SIA Engineering's TP to $1.80, maintains 'hold' on long-drawn recovery - THE EDGE SINGAPORE

Broker's Calls

DBS ups SIA Engineering's TP to $1.80, maintains 'hold' on long-drawn recovery

DBS Group Research analysts Suvro Sarkar and Jason Sum have maintained “hold” on SIA Engineering with a higher target price of $1.80 from $1.60 previously.

Singapore tourism

Hong Kong and Changi lose status as Asia's busiest airports

Hong Kong no longer has the busiest airport for international traffic in Asia after the coronavirus pandemic wiped out travel, leaving South Korea’s Incheon International Airport in top spot, albei

Changi Airport reinvents itself for return of business travel - THE EDGE SINGAPORE

Covid-19

Changi Airport reinvents itself for return of business travel

Singapore’s Changi Airport, routinely voted the world’s best and a key part of the city-state’s psyche, is reinventing itself for the Covid era and beyond.

Covid-19 containment sees Sing dollar strengthen against beleaguered greenback - THE EDGE SINGAPORE

Broker's Calls

Covid-19 containment sees Sing dollar strengthen against beleaguered greenback

With Phase 3 of Singapore’s Covid-19 lockdown easing measures due for year-end as community spread holds steady at single digits, Fitch Solutions sees the Singapore Dollar (SGD) strengthening again

Citing need to 'rebuild', SIA to resume 18-hour-long direct flights to New York's JFK - THE EDGE SINGAPORE

Covid-19

Citing need to 'rebuild', SIA to resume 18-hour-long direct flights to New York

Starting Nov 9, Singapore Airlines will resume flights to New York – marking the return of one of the longest non-stop flights in the world that is struggling to recover from the pandemic.

Company in the news

Does SIA need to make another cash call soon?

In the wake of the recent retrenchment exercise, the big question facing Singapore Airlines (SIA) is whether it needs to raise cash again soon.

Broker's Calls

SATS to be loss making in FY21 amid bleak IATA forecast: DBS

In view of the slow recovery in air travel, SATS is expected to incur a net loss in FY21, according to DBS Group Research.

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