| Uni-Asia Group: The Group recorded a 35% increase in net profit attributable to shareholders of US$6.7 million for 9M2019. Total income rose by 20% to US$102.9 million, boosted by an increase in investment returns and hotel income.  Lobby of Hotel Vista Premio Tokyo Akasaka operated by Uni-Asia Group: Photo: Hotels.com• Hotel income increased by 25% from US$48.2 million in 9M2018 to US$60.4 million in 9M2019. Average occupancy rates for the Group’s hotels increased to 83.3% as compared to 79.7% for 9M2018. • Investment returns for 9M2019 was a gain of US$8.1 million compared to US$0.8 million for 9M2018. Realised gain on investment properties was US$1.3 million. Realised gain from ship and property investments contributed US$2.5 million to investment returns, while fair valuation gain from the Group’s 3rd Hong Kong commercial office property projects contributed US$3.8 million. For more, click on company annoucement here. |
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Tiong Seng Holdings: The construction group and property developer signed a Research Collaboration Agreement (RCA) with Ngee Ann Polytechnic to set up Singapore's first jointly-established construction robotics lab by a private-sector enterprise and an Institute of Higher Learning.
The potential applications conceptualised at this early stage include AI-enabled robotic inspectors for construction sites. Apart from empowering quality checkers and supervisors with precision robotics to ensure better accuracy and higher quality output, the robotic inspectors will also facilitate consistent inspection procedures across all construction projects.
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