News

SingTel notes issue four times oversubscribed

SingTel notes issue four times oversubscribed

The order book closed after receiving interest of approximately US$3.25 billion.

What you need to know about Genting Singapore’s first perpetual bond issue

S$1.8 billion worth of perpetual bonds will be issued in the denomination of S$250,000.

Currency Briefing - what you need to know for Fri March 2, 2012

The Singapore dollar is now trading at $1.2476 as the US dollar drops against all of the major currencies except for the euro and Swiss Franc.

Singapore Markets Morning Briefing - what you need to know for Fri March 2, 2012

There was recovery in US equity markets and the Nikkei started strong.

City Developments on a fast growth track: DBS

Major revenues from its pre-sold units and China expansion will soon kick in.

City Developments landbank a huge liability

Its landback now stands at 5.56 million sq ft and poses lopsided risks, says OCBC.

Raffles Education signs accord with Langfang Fenghe for sale of Hebei, China properties

A Raffles Education subsidiary entered into an overall agreement with Langfang Fenghe International Golf Club.

Yanlord Land profit down 23.9%

Net profit attributable to shareholders in FY 2011 dropped to RMB1.482b.

UOB prices US$500 million 2.25% fixed rate senior notes

UOB announced that it intends to issue US$500 million 2.25% fixed rate senior notes due 2017.

Banks’ asset quality is as good as it gets: CIMB

And this is the key negative for Singapore’s banking sector.

Currency Briefing - what you need to know for Thurs March 1, 2012

Singapore dollar showed resilience and avoided a steeper decline.

Singapore Markets Morning Briefing - what you need to know for Thurs March 1, 2012

There was retreat on Wall Street amidst the STI's mini-recovery.

DBS' smashing US$ deposits revealed

US$ deposits grew by S$6.3bn and the US$ funding gap shrunk to S$21bn.

Cosco’s new orders to yield low to mid-single digit gross margins

Excluding the four options, the new contract will lift Cosco’s YTD new orders to US$305m.

UOB's soaring credit costs drag its growth

But the bank's strong net interest income was spurred by an upturn in margins.

Standard Chartered Bank posts record income of US$2b in FY11

Thanks to its consumer and wholesale banking business which accounted for 42% and 58% of the income, consecutively.

Which sectors saw the steepest DC rate drops?

Development charges for sectors 100, 103 and 104 has been reduced 14.3% due to flagging bid prices.