Morning business news round-up for May 9, 2014

Singapore Technologies Engineering Ltd. posted a 2 per cent rise in its net profit for the first quarter of the year over a year ago to $137.2 million, on revenue of $1.55 billion. -- FILE PHOTO: BLOOMBERG  
Singapore Technologies Engineering Ltd. posted a 2 per cent rise in its net profit for the first quarter of the year over a year ago to $137.2 million, on revenue of $1.55 billion. -- FILE PHOTO: BLOOMBERG  

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. ST Engineering's Q1 net profit inches up on flat revenue. The engineering group posted a 2 per cent rise in its net profit for the first quarter of the year over a year ago to $137.2 million, on revenue of $1.55 billion.

2. Koh Brothers Q1 net profit rises 45% to $4.7 million. Better sales in its real estate unit helped boost earnings at the Singapore-listed construction and property firm.

3. Asia shares pare losses as China inflation in line. A tense situation in Ukraine made investors cautious, though a tame inflation report from China - where consumer prices rose 1.8 per cent in April from a year earlier - calmed some nerves.