News

Profit for the second quarter of 2011 was down to S$34.1m.

It’s a plunge from last year’s third quarter profit of S$168.6m.

The shipping firm’s net losses widened from US$57m in 2Q on the back of a shortened peak season.

All firms see a negative outlook till March 2012, except for these three sectors.

OCBC’s busted as MAS found out that the bank did not implement sufficient measures to address single point of failure in its system and network infrastructure.

Wilmar’s Sucrogen is left with bitter taste in their mouths as the sugar company fails for the second time to get support for the Proserpine acquisition.

The FSO contract in Indonesia lifts SMM’s YTD order win to S$3.25b.

MAS expects stalled growth over the next few quarters.

DBS was censured by MAS last 5 July 2010 after the service outage of its online and branch banking.

Now there’s more reason to place your bets in Singapore.

The rates have been static for the last 5 years - but for how much longer will this be the case?

Now that’s definitely a LOT to choose from, isn’t it?

Managing Director Ravi Menon warned there will be severe consequences faced by financial criminals.

There’s a total supply of 3.298m sqm GFA of factory space from projects in the pipeline as at the end of the 3rd quarter.

DMG estimates it will boost Sembcorp’s 3Q11 profit by 54% to a whopping S$230m.

Question is, will most of them be occupied?