News

SIA Engineering profit slumps to S$34.4m

SIA Engineering profit slumps to S$34.4m

Higher expenses outgrew the 8.2% rise in revenue causing profit to contract.

Chart of the Day: Private sector investment sales rebound

Transaction volume surged almost 60% quarter-on-quarter.

Singapore leads Asia Pacific in defensive investment choices

The country is brimming with lucrative telecommunications and utilities picks, says Russell Investments.

SIA to cut Milan, Barcelona, Istanbul flights

Seasonal aircraft and capacity adjustments will be implemented starting 28 October to 30 March 2013.

You're fired: Banks planning to cut headcount quadruples to 12%

The banking & financial services sector's hiring expectations dropped sharply from 59% to 34%.

Private home sales slump 18.8% in 2Q12

Launched units also went down 10.9% to a total of 6,151.

2 in 3 paranoid Singaporeans fear bosses stalking online

50% change their social media privacy settings when jobhunting.

DBS' net profit to slip 11.8% to S$823m

Non-interest income may also fall by 13% qoq to S$713.

Stubbornly high COE premiums to persist in 2H12

Good thing transport CPI is expected to ease in the near term.

OCBC to suffer the largest fall compared to DBS and UOB

That is in terms of the bank's non-interest income as it is expected to slump 35% to S$548m.

LME-SGX merger to float soon despite denials

A cross-trading collaboration could be an answer to longer-term earnings expansion as net profit in 4QFY12 may slump 15%.

Banks' earnings to take a nosedive in 2H

Blame it on flattish net interest income.

Changi passengers up by 11.6% in 1H

It handled 25M passengers but cargo movements remain anaemic growing by just 0.1%.

US drought to push Singapore inflation up

The second driest weather in 118 years experienced by US in June-July this year spells trouble ahead.

Downstream oil & gas on a downtrend

Recent remarks from the governmentmay hint no more green-field refineries in Singapore, says OCBC.

NOL sinks with 6.6% loss in trading

Investor confidence was described as being on thin ice.

Chart of the Day: Residential segment dominates investment sales

The residential segment contributed 54% of the total transaction value in the second quarter.