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DBS emerged top bank in 1Q12

10 hours 3 min ago | OCBC, DBS, and UOB posted results that exceeded expectations in 1Q12, but DBS had the strongest growth, by 17%, in fee income. Read ››

Why Facebook magnate Eduardo Saverin chose Singapore

TELECOM & INTERNET | "Becoming a Singapore resident enabled me to engage in more sophisticated financial activities," says Saverin. Read ››

Silk Air’s fleet expansion pays off with 26% surge in RPK

The regional wing of Singapore Airlines outperformed SIA in terms of revenue passenger kilometer although demand in the freighter segment remained weak. Read ››

MTI maintains 1-3% GDP growth forecast for 2012

Considerable downsides for Singapore’s externally oriented industries are expected if a disorderly sovereign debt default in the Eurozone materialises. Read ››

Watch: The horrific Ferrari crash video everyone is talking about

A ridiculously overspeeding Ferrari GTO smashes a cab in a crash that killed 3 people. Read ››

SIA says goodbye to Abu Dhabi and Athens

Singapore Airlines will be suspending services to the two cities due to the sustained weak performance of both routes. Read ››

SMRT ordered to replace flawed third rail parts

Goodbye to power supplying rail parts with visible hairline cracks, but how much will these unexpected replacements cost SMRT? Read ››

ST Engineering leverages capabilities through EcoServices investment

EcoServices' expertise in engine wash services will boost ST Engineering's aerospace sector’s global maintenance, repair and overhaul network. Read ››

Chart of the Day: DBS SGD NEER fluctuates around mid-point of policy band

The band was narrowed to ±2% around its mid-point, and analyst says this should help to mitigate some of the downside risks to the Singapore dollar. Read ››

Q1 GDP could be revised upward: OCBC

It is increasingly likely to be revised up to 1.9% yoy but future quarter forecasts remain subdued at a 1-3% yoy range. Read ››

Singapore vulnerable to a Greek Eurozone withdrawal

Singapore vulnerable to a Greek Eurozone withdrawal

The fallout will plunge the local stock market, drive up short-term interest rates and weaken anew an already battered manufacturing sector. Read ››

MORE NEWS »

Manulife Singapore launches extensive branding campaign

The campaign kicked off with a television commercial and will run until the end of June. Read ››

BCA to help improve productivity among construction SMEs

An increasing number of SMEs have tapped on the Construction Productivity and Capability Fund to roll out productivity intiatives. Read ››

Marina Bay cycling network begins first phase construction

2.5 kilometers of cycling paths will be made along Marina Boulevard, Bayfront Avenue and Marina Gardens Drive. Read ››

Amara Holdings subsidiary awarded Tampines Central property lease

An Executive Condominium Housing Project will be developed on the 20,750 square metre site. Read ››

Global Premium Hotels' profit up 46.9% to $6.4m in 1Q12

The increase may have been due to the contribution from three new hotels launched last year. Read ››

Yanlord Land Group’s pre-contracted sales grew 28.8% to SG$1.379b

Though revenue in 1Q12 was lower compared to 1Q11 as a majority of the portion of pre-contracted sales awaits recognition in subsequent financial periods. Read ››

Swiber’s 1Q12 profit jumps 5.9% as work on contracts starts rolling

The marine services company recorded a net income of more than US$12 million as it  delivers services for the various contracts secured in 2010 and 2011. Read ››

Farrer Drive residential site gets tender greenlight

Tender was triggered when the land parcel received a developer bid of not less than $88,888,000. Read ››

New risk governance guidance for listed boards

It was released to limit risk exposure and avert a repeat of the governance disaster last seen in the 2008 financial crisis. Read ››

SGX-ST wins in court against former China Sky director

The Singapore High Court dismissed the application to quash an SGX-Securities Trading Limited’s public reprimand. Read ››

CapitaMalls Asia and Sime Darby to develop shopping mall in Malaysia

The mall will be built on an area of about 242,000 square feet in Taman Melawati, an affluent residential district north-east of Kuala Lumpur. Read ››

MARKETS & INVESTING »
Currency Briefing - what you need to know for Thurs May 17, 2012

Currency Briefing - what you need to know for Thurs May 17, 2012

The Singapore dollar has so far depreciated by 2.4% against the US dollar this month. Read ››

Keppel's O&M orderbook and Sete Brasil contracts: cushions against current weakness?

Analysts cite recent downturn in stocks as mere near term disappointments, and expects Keppel's operating margins to persist in the 14-16% range. Read ››

Singapore Markets Morning Briefing - what you need to know for Thurs May 17, 2012

Soft open is expected for the STI following further losses on Wall Street and the negative Nikkei start. Read ››

Food segment to nourish Olam profits

The agribusiness firm expects its foreign food divisions to drive growth as its commodities divisions flounder. Read ››

PEOPLE »

China Paper Holdings names Li Jun as Director

Mr Li is working in Linyi Audit Bureau for 21 years. Read ››

Hanwell Holdings' Group Financial Controller retires

Wong Juan Meng was in charge of supervising accounting and finance function. Read ››

Asiasons WFG Financial appoints Kwok Wei Woon as Director

He is also Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee. Read ››

Hiap Hoe appoints Teo Ho Kang, Roland as Managing Director

He is also a Managing Director of SuperBowl Holdings Limited since 1995. Read ››

ASIA »
Japan\'s GDP growth at 4.1%

Japan's GDP growth at 4.1%

Good news for Japan as the growth figure surpassed even market expectations.  The Bank of Japan is also preparing to act on excessive moves in the currency. Read ››

Will domestic demands in Japan compensate for weak exports?

JAPAN | Growth will most likely come in the range of 2-3%, according to analysts. Read ››

63% of computer users in AsiaPac admit they pirate software

CHINA | And China has the most troubling piracy problem with an illegal software market worth nearly US$9 billion in 2011 versus a legal market of less than US$3 billion. Read ››

China central bank eases bank reserve requirements

SINGAPORE | It cut the RRR by 50 basis points and will free up RMB420 billion which will help spur economic growth, says CIMB. Read ››

LIFE & STYLE »
BUSINESS SCENE PHOTO GALLERY
Google Data Centre Groundbreaking CeremonyGoogle Data Centre Groundbreaking Ceremony
15 Dec 2011, Jurong West, Singapore
Coca-Cola\'s Live Positively LaunchCoca-Cola's Live Positively Launch
18 Nov 2011, Cathay Cineleisure Orchard, Preview Lounge, Level 6
Asia Square Grand Opening CeremonyAsia Square Grand Opening Ceremony
8 Nov 2011, Marina Bay
Singapore Media Awards 2011Singapore Media Awards 2011
2 September 2011
Leprino Foods expands in SingaporeLeprino Foods expands in Singapore
12 September 2011, Nordic European Centre in International Business Park (IBP)
HSBC uncovers ChinaHSBC uncovers China
23 June 2011, Pan Pacific Hotel
One Vestas Singapore OpeningOne Vestas Singapore Opening
15 June 2011, Vestas Singapore
 Manulife Singapore’s Media Briefing Manulife Singapore’s Media Briefing
2 June 11, 9 Tampines Grande
Quintessentially 3rd birthday celebrationQuintessentially 3rd birthday celebration
20 May 2011, Malmaison by The Hour Glass
Amcham Networking NightAmcham Networking Night
19 May 2011, Esmirada at Orchard
Harley-Davison OpeningHarley-Davison Opening
19 May 2011, Winsland House II
Reading Room opens in Duxton HillReading Room opens in Duxton Hill
19 May 2011, Reading Room, Duxton Road
Irish Food NightIrish Food Night
9 May 2011, Irish Ambassador's Residence
V by Singapore Turf ClubV by Singapore Turf Club
8 April 2011, China Square Level 3
Singapore Yacht ShowSingapore Yacht Show
8 April 2011, Capella Hotel Singapore
Treasures of Vacheron ConstantinTreasures of Vacheron Constantin
April 7, 2011, Novus restaurant & Bar
Martell Ultimate Start-up Space LaunchMartell Ultimate Start-up Space Launch
March 31, 2011, Martell
KPMG CFO Institute LaunchKPMG CFO Institute Launch
March 30, 2011, Four Season Hotel
Coffee Bean & Tea Leaf CBTL LaunchCoffee Bean & Tea Leaf CBTL Launch
March 29, 2011, Coffee Bean & Tea Leaf, ION Orchard
Buyan restaurant opening partyBuyan restaurant opening party
Buyan Restaurant, March 21 2011
Australian Alumni AwardsAustralian Alumni Awards
March 18, 2011, Australian High Commission
Amcham Singapore Amcham Singapore
March 4, 2001, Marina Bay Sands
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