News

Chart of the Day: Vacancy rate in Raffles Place/Marina Bay area up to 7.5% in Q2

Net demand for Grade A office space was lower than the absorption level in 2011 as a result of the difficult economic environment.

Wilmar named largest Singapore corporation in Fortune's Global 500

The agribusiness giant ranked 223rd in size worldwide and is one of only two Singapore-based companies to make the 2012 list.

All eyes on declining Keppel Corp O&M margins

Its offshore & marine segment has fallen from its 26% margin highs in 2010 and will likely temper to as low as 10%.

SREITs to grow at low single digit rate this year: DBS

Rental rates and occupancies for Sreits to continue to show positive reversions for this year.

Keppel Corp splurges USD 115m in an oil company

KrisEnergy operates six out of the 14 licences they hold in Cambodia, Indonesia, Thailand and Vietnam.

ST Eng'g aerospace arm secures $370m contracts 2Q12

ST Aerospace contracts will be carried out at its global maintenance, repair and overhaul network.

Ascendas REIT to focus on consolidation in FY13

Optimising portfolio performance has to follow the S$1bn in investments made in 2012.

Singapore banks brace for heightened competition

CIMB presumes Bank of China will be granted Qualifying Full Bank privileges as a clearing bank for RMB in Singapore.

Cosco cries foul over articles saying the company is in trouble

One story on a news website described Cosco Singapore as the lowest-rated Asia stock on rig push.

Suburban market to boom in retail sector

Rental units will continually rise at a compound annual growth rate of 1.95% in 2011–2015.

Singapore economy likely back into the red in 2Q

Advance GDP estimates for 2Q is due this Fri but DBS worries over sluggish global demand and cyclical drop in pharma output.

Scoot scoots to Taipei ahead of schedule

Introductory one-way Fly airfares between Singapore and Taipei start from just S$88.

Tiger Airways appoints a non-aviation expert as CEO

Will Tiger roar again under the new leadership of Koay Peng Yen?

Keppel's offshore wind farm growth threatened by red tape in China

But find out what makes Keppel well-positioned to tap the sector at the global front.

CapitaLand to buy Somerset Grand Cairnhill Singapore for S$359m

At the same time CapitaLand is selling Ascott Raffles Place Singapore and Ascott Guangzhou in China.

Chart of the Day: Residential supply outstrips demand

The number of launched but unsold units reached 8,245 in May.