News

Chart of the Day: Prices of private residential properties up 0.4%

This 2nd quarter increase is compared to the 0.1% decrease in the previous quarter.

Tiger Singapore's operating profit crashes 49% to S$4m

But OCBC sees clear skies ahead in 1QFY13 when Tiger is no longer burdened with excess aircraft.

SingPost fast-tracks transition into a regional, digital powerhouse

Another quarter of declining profits puts pressure on the firm to speed up investments outside its now low-margin domestic mail segment.

The Postman fails to deliver profit rise

SingPost profit fell by 2.2% to S$36.6m.

Prices of small homes dipped 1.4%

Sub-index for units in Central Region also sagged 0.9%.

Raffles Medical Group expands overseas for the first time since 2010

The tender results for a private hospital in Hong Kong is likely to be released in 4Q12.

SMRT's earnings derailed by higher costs

The company's earnings grew by a smaller 5% to S$37m, says CIMB.

Singapore still one of the most actively traded markets in Asia Pacific

Global real estate investment volumes in the region increased 19% to US$ 26b.

Wilmar's profit to slump amid China cooking oil price pressure

This could drain 3% from Wilmar's 2012 earnings if price hike continues.

Higher starting monthly pay shocks fresh grads

Monthly salary for degree holders is S$2,678 for without Honors and S$2,882 for with Honors.

Need a raise: 1 in 2 banks to raise wages

They expect salaries to rise in the next 12 months by an average 6%.

Home vacancies to rise by 14% in 2015

Oversupply of private homes intensify as URA raised estimates of completed homes, says CIMB.

URA launches 2 property sites for tender today

One is a 0.27ha residential site at Farrer drive and the other, a 0.82 ha commercial site at Tai Tong Crescent.

Government's move to take taxis out of COE bidding futile

Learn from OCBC why COE prices are unlikely to fall drastically even with the new rule.

Singapore Exchange suffers 23% drop in earnings

Securities Revenue also fell 15.5% amid market uncertainty.