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UNITED OVERSEAS BANK LTD
Singapore's United Overseas Bank reported a 25 percent jump in fourth-quarter net profit to S$696 million ($561.5 million) from a year earlier, lifted by strong fee and commission income.
CITY DEVELOPMENTS LTD
City Developments posted a 52.8 percent rise in fourth-quarter net profit to S$249.3 million from a year earlier, boosted by strong earnings from the property development segment and hotel operations. It proposed a total dividend of 13 Singapore cents per share for 2012.
ROTARY ENGINEERING LTD
Singapore oil and gas services firm Rotary Engineering swung to a net loss of S$18.4 million in the fourth quarter, hurt by additional costs at the tail end of the construction phase in Saudi Arabia. Rotary proposed a final dividend of 0.5 Singapore cents per share.
TIGER AIRWAYS HOLDINGS LTD
Budget carrier Tiger Airways said it is not currently seeking a replacement chief executive officer for Tiger Australia, given the existing corporate developments related to the proposed sale of 60 percent of Tiger Australia. Andrew David will leave the company on Mar. 14.
YOMA STRATEGIC HOLDINGS LTD
Myanmar-focused property developer Yoma Strategic Holdings announced its expansion plans in the automotive business and the appointments of several key executives.
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