News

Singapore banks won't get rid of oil slick yet

Singapore banks won't get rid of oil slick yet

Around 18% of OCBC's on-balance-sheet loans to the offshore firms have gone sour.

OUE Hospitality Trust's net income jumps 2.4% to $29.4m

Thanks to higher contribution from Crowne Plaza Changi Airport.

Flailing export dampens GDP growth outlook

Singapore's growth for 2016 will be at the lower end of 1-2%.

Electronics firms to stay upbeat in the next six months

Optimism is largely led by the semiconductors segment.

Debt threat: Singaporean companies may struggle to repay $17b

Almost 1 in 3 had debts five times more than profits.

Mall vacancies at 10 year high

The vacancy rate rose to 8.4% in 3Q from just O.6%.

United Engineers will be sold sooner than you think

OUE, Straits Trading and Charoen are just amongst the potential buyers.

Singapore Airlines' 2Q profits could plummet 75%

Blame it on eroding passenger and cargo loads.

OCBC's asset quality remains under threat

Exposure to oil & gas sector estimated at 6%.

More bad loans looming for UOB

NPL ratio to rise to 2.0% by end-2017.