News

Singapore economy likely back into the red in 2Q

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.

30% of products pitched by banks and insurers deemed "unsuitable"

Banks and insurers recommend investment and insurance products that 3 out of 10 times disregard the financial goals of their clients.

ST Electronics fails to acquire NERA Telecom

ST Engineering's electronics arm came short of the majority shareholder vote needed to purchase all NERA shares.

2.5M sqft of suburban retail space to flood market

Maybank Kim Eng projects an "onslaught" of suburban retail supply with 0.5M sqft coming in 2012 and almost 2M sqft in 2013.

Venture Corp hurt by client Hypercom's exit in 2011

Verifone acquired Hypercom, one of its major networking and communications customers in 3Q11.

Singapore equities beat Asian counterparts in June

Concerns with inflation could continue to cap easing by the central bank even as external demand moderates, says HSBC.

Venture Corp hit by a bleak 2Q12

But wait till Oclaro adds US$200m of revenue by 2H12.

COSCO refutes media accusations on hurting orderbooks

The company denies that its customer, Sevan Drilling Rig V, has rescheduled payment terms.

Properties for lease on the rise despite global economic turmoil

Leasing transactions totaled 18,948 in the first 5 months of the year surpassing 2010 and 2011 levels.

Snooty Singaporeans snub local brands

Only one Singaporean company made it to the top ten, can you guess what other names dominated?

Monthly rent for posh homes dipped 8% YoY

Median rents for all non-landed homes held steady at S$3.53 per sq ft in April and May.

SGX geared up for Chinese securities trade

Dual currency trading option available to issuers listing RMB securities on SGX.