News
Measures take effect to ensure a stable property market
The Government introduced a Seller’s Stamp Duty (SSD) and lowered the Loan-to-Value (LTV) limit to 80% for all housing loans.
Measures take effect to ensure a stable property market
The Government introduced a Seller’s Stamp Duty (SSD) and lowered the Loan-to-Value (LTV) limit to 80% for all housing loans.
OCBC 2009 profit up 12% on non-interest income surge
37% growth in non-interest income together with lower cost-to-income ratio helped lender earn S$1,962mln.
75% of Singaporeans satisfied with current beauty spending
91% don’t follow trends without thorough beauty product knowledge as prudent Singaporeans seek more holistic benefits.
2010 growth forecast pegged at as much as 6.5%
Expectations are higher with the Ministry of Trade and Industry revising its forecast following the 4% GDP expansion during the last quarter.
Roxy-Pacific Q4 2009 profit up 104% to S$5.9mln
87% rise in Group’s property development propelled profit to S$5.9mln in Q4 2009 amidst economic downturn.
2010 will be year for holidays for Singaporeans
Survey revealed more Singaporeans are planning their holidays this year compared to 2009, with regional destinations being more popular.
Foreign students biggest losers as government puts citizens first
All Polytechnics in Singapore announced the fee for local students will rise by $50 this year whilst PR's will pay up to $800 more and foreigners up to $1070.
Singaporeans gambled ‘til they dropped
Singaporeans gambled ‘til they dropped, then slept on the floor, then gambled some more, to maximise their 24 hours under the $100 levy system.
Sembawang Shipyard secures S$130mln contracts
Sembawang Shipyard, Sembcorp Marine's subsidiary, renewed its long-term contract with Eitzen Group and won others worth S$130mln.
Singapore's 2009 private homes transactions grew by 131%
Country manages jump in private homes transactions despite 47% plunge in quarter-to-quarter sales in 2009 Q4.
The good, the bad and the ugly at Resorts World opening
This correspondent made the trek to Resorts World Sentosa to bring you the first business review of the new casino.
2009 economic results out 19 February
It's judgment day for the economy on Friday as the Ministry of Trade and Industry is set to release key economic findings at 8:00 am.
First Sentosa, now Genting wants Las Vegas
Genting Chairman Lim Kok Thay said they are actively looking at the U.S., with the Singapore project being the model for future investments.
Flu scare close to over but MOH still alert
The Ministry of Health has revised the Influenza A (H1N1) flu alert status from Yellow to Green amidst decline in the flu’s global activity.
Heavy drinking Vietnamese help Asia Pacific Breweries post $25.3 million profit
It was Tiger time in Vietnam, where the locals guzzled 35% more beer over Tet than last year, pushing Tiger's profit for the quarter up 56%.
Neptune Orient Lines runs aground as losses approach $1bln
It may be time to abandon ship as NOL lost almost $1billion and analysts see no signs of profits on the horizon as the sharks circle.
CSFI/PwC report warns of Asian banking risks
Over-reaction of regulators ranked as the biggest fear of Asian bankers.
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Singapore Companies Eye Vietnam to Navigate Manufacturing Shifts, Green Transition, and the AI Revolution