News

Manufacturing company China Sky’s shady transactions to be investigated

SGX ordered the company to appoint a Special Auditor to look into repairs and maintenance costs amounting to RMB72m or US$11.3m in 1Q09.

Industrial property sales dip 10% to S$1.1b in 3Q11

It seems like the sector has been greatly affected by constant threats of recession.

Singapore exports plunge 16% in October

As exports of electronic products plummeted 31% last month.

Is sweet success near for Wilmar subsidiary and Proserpine?

Sucrogen now awaits creditors’ approval after striking a deal with Proserpine Administrators.

75% of directors worldwide shaken by heightened risk in tax legislation

And oh, companies now fear entering emerging markets due to higher risk of tax controversy.

Singapore risks being slammed by EU bank deleveraging

And the impact on domestic credit will be significant in Korea, India, Indonesia and Malaysia.

Bailout: OCBC says SIA’s load factor worrisome

Worse, load factors of SIA Cargo and SilkAir also fell, but by how much?

Fears Singapore prime office rents too expensive misplaced

Apparently prime office rents still cheaper in Singapore than Hong Kong or Tokyo.

21% of Singapore's wealthy don't trust their kids not to blow the inheritance

Amazingly, the rest trust their kids not to blow the family fortune.

Shopping shocker: Retail sales dip 0.1% in September

As more Singaporeans have become wary of splurging, especially on big ticket items like cars.

Good news from Down Under: Tiger Airways Australia gets approval from CASA

The Civil Aviation Safety Authority of Australia said the airline can now operate a maximum of 32 sectors per day.

Private home sales drop 20% in October

As the number of transactions dipped to 1,638 from the record high of 2,064 in September.

The eyes have it: Asians ditch glasses rapidly for contact lenses

GfK reports that the contact lens industry grew by 15% to USD615m.

Who lost S$2.8m in Olam’s commodity financial business?

It recorded a quarterly loss of S$2.8m versus 1QFY11’s S$4.4m profit.