Valuair launches
\nnew service to RI<\/p>\n
SINGAPORE: Singapore-based budget carrier Valuair will begin a
\nsecond daily service to Jakarta next week to tap into the growing
\ntraffic between the two neighbours, the airline said on Thursday.<\/p>\n
The second flight to the Indonesian capital, starting on
\nMonday, will be an evening service. The existing daily flight
\nleaves in the morning.<\/p>\n
"With the addition of a night flight, business travellers are
\nable now to spend the day in Jakarta and still make it back to
\nSingapore on the same working day," Valuair said in a statement.<\/p>\n
The launch of a second service to Jakarta increases Valuair's
\ntotal flight routes to five. It currently flies twice daily to
\nBangkok and daily to Jakarta and Hong Kong. Valuair, started by a
\nformer Singapore Airlines managing director, made its maiden
\nflight in May and is the first budget airline to base itself out
\nof Singapore, where two more no-frills carriers are preparing to
\nlaunch services. -- AFP<\/p>\n
;AFP;
\nANPAf..r..
\nCorporateBrief-SIA
\nSIA raises fuel surcharge
\nJP\/14\/brief<\/p>\n
SIA raises
\nfuel surcharge<\/p>\n
SINGAPORE: Singapore Airlines (SIA) and its regional wing
\nSilkAir will increase their current fuel surcharge of US$5 to as
\nhigh as $12 from September to offset escalating oil prices, the
\ncarriers said on Thursday.<\/p>\n
For flights to Southeast Asian cities, passengers will have to
\npay a levy of $7, SIA and SilkAir said in separate statements.<\/p>\n
The surcharge on all other flights outside of Southeast Asia
\nwill increase to $12, they said.<\/p>\n
But the levy for the busy Singapore-Kuala Lumpur route will
\nremain at four dollars, SIA said.<\/p>\n
"The revised surcharge will help defray, in part, the increase
\nin costs arising from record (oil) prices," SIA said. -- AFP<\/p>\n
;AP;
\nANPAf..r..
\nCorporateBrief-Hutchison
\nLi sees profits double at Hutchison
\nJP\/14\/brief<\/p>\n
Li sees profits
\ndouble at Hutchison<\/p>\n
HONG KONG: The conglomerates Hutchison Whampoa Ltd. and Cheung
\nKong (Holdings) Ltd. reported on Thursday that half-year profits
\nroughly doubled on one-time gains and a stronger property market.<\/p>\n
Despite lingering losses in Hutchison's third-generation
\ntelephone business, billionaire tycoon Li Ka-shing, who is Hong
\nKong's richest man, said he was "confident" his two companies
\nwill "continue to perform well."<\/p>\n
Hutchison, which has interests ranging from ports to telecoms,
\nsaid its profits in the six months ending June 30 doubled to
\nHK$12.48 billion (US$1.60 billion), up from HK$6.07 billion in
\nthe same period last year.<\/p>\n
Hutchison's revenues rose to HK$81.0 billion from HK$65.8
\nbillion a year earlier, with a boost from one-time gains
\nincluding the sale of a stake in a joint venture with Procter &
\nGamble Co. -- AP<\/p>\n
;AP;
\nANPAf..r..
\nCorporateBrief-BlueScope
\nBlueScope announces record profits
\nJP\/14\/brief<\/p>\n
BlueScope reports
\nrecord profits<\/p>\n
SYDNEY: Australia's largest steel producer BlueScope Steel
\nLtd. reported on Thursday a record annual profit of A$584.1
\nmillion (US$417.3 million), thanks to higher steel prices and
\nsurging demand overseas.<\/p>\n
The result for the fiscal year ending June 30 marked a 29
\npercent increase over the previous year's net profit of A$451.7
\nmillion.<\/p>\n
Sales for the company topped A$5.7 billion, up 9 percent from
\nA$5.3 billion the previous year. The company, which makes flat
\nsteel and coated and painted steel, attributed its improved
\nperformance to higher prices in the United States and other
\nexport markets for BlueScope's slab and hot rolled coil products.
\n-- AP<\/p>",
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