Singapore (VNA) – Singapore Airlines posted its highest annual revenuein 2018 fiscal year, though higher fuel costs nearly halved its profit.
The carrier’s revenue increased by 3.3 percent to 16.3 billion SGD (12billion USD) for the year which ended on March 31, as the number of passengersit carried jumped 7.2 percent.
Meanwhile, its net profit decreased 47.5 percent to 682.7 million SGDfrom 1.3 billion SGD a year earlier.
The fall was attributed to a rise in fuel prices. Fuel expenditureclimbed 17.6 percent, or 688 million SGD, as jet fuel prices rose by an average21.6 percent during the year, the airline said.
Some of the expenses stemmed from overhauling the fleet of its regionalwing SilkAir, which is changing from Airbus to Boeing aircraft, as well asrestructuring costs as it prepares to merge SilkAir into the parent airline.
The airline said the suspension of flights involving Boeing 737 MAX 8planes operated by SilkAir, and issues with Rolls-Royce engines that power its787 Dreamliner fleet, had hit passenger capacity.
SilkAir grounded its 737 MAX 8 planes in March after an EthiopianAirlines plane crashed, killing all 157 on board. It was the second fatalaccident for the MAX 8 passenger jet in six months, after a crash inIndonesia.-VNA
Singapore Airlines launched the world's longest commercial flight to New York on October 11 night with its Airbus A350-900 ULR taking off from the Changi International Airport.
Singapore Airlines announced on April 2 that it has grounded two of its Boeing 787-10 Dreamliner aircraft after discovering a defect during inspection.
Travel start-up Tugo announced on April 10 a tie-up with French advertising platform Criteo SA and five international carriers to expand its business in Vietnam.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
A Singapore Airlines plane (Source: Reuters) 
