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Currency Briefing - what you need to know for Thurs Feb 16, 2012

Currency Briefing - what you need to know for Thurs Feb 16, 2012

Amidst improvement in investor confidence in Asia, the Singapore dollar edged up Wednesday against the US dollar.

Motor vehicle sales shrank 14.7%

The segment dragged down December 2011 retail sales to a 2.4% month-on-month contraction.

Fast food outlets are December laggards

It was the worst-performing food & beverage segment with receipts decreasing 1.8% mom.

Singapore minister decries poor state of construction industry

National Development Minister Khaw Boon Wan points out weaknesses in productivity and innovation.

What you need to know about SREITs' refinancing risks

Are the risks still manageable or are they getting out of hand?

CapitaLand to launch Sky Habitat in 2Q12

The 509-unit project in Bishan has an estimated breakeven of $1,285 psf.

Where are Asia Pacific investors putting their money?

Survey of fund managers shows investors are more interested in Hong Kong than they are in Singapore.

Singapore Changi Airport second best airport in the world

Seoul Incheon Airport remains on top for the seventh straight year in 2011 while Hong Kong International is no longer at the third post.

2011 full year GDP growth may have been 5%

And DBS expects growth in 4Q11 to be 4.2% YoY.

Chart of the Day: Singapore's pick-up in 2012

Singapore will have to endure poor economic conditions before seeing growth in 2H12.

Currency Briefing - what you need to know for Wed Feb 15, 2012

The rise in the value of the Singapore dollar against the US dollar is said to have taken a dent.

SingTel earnings potential looking weaker: OCBC

Latest lackluster results led to a 2.5% downward revision for FY12 profits despite a higher revenue forecast.

Singaporean leaders ill-equipped for global challenges

New study deems the current crop of leaders as lacking in expansionist drive and innovative risk-taking.

Great Eastern’s net profit plummets 24% to S$385.7m in 2011

As the severe deterioration in the investment climate caused unexpected losses for the group in 2H11.

Olam’s profit jumps 15% to S$162.7m in 1H11

The group’s food segment accounted for 78% of revenue, as its rice and grains businesses in Africa flourished in the first half of the year.