News

As its largest shareholder, GIC is disappointed at UBS’ lapses relating to the $2.3b trading loss and urged UBS to take firm action to restore confidence in the bank.

The industries have been lagging behind in terms of profits as companies tend to focus on quick top-line solutions.

Their bid, the highest among only three participants, was S$312m for the Robinson Rd/Cecil St land parcel.

Oswald Greubel may be forced to shrink the investment bank after the $2.3b loss from fraudulent trading last week, according to Bloomberg’s report.

A total of 80 SMEs productivity improvement projects so far have benefited from the funding.

This as 3m sq ft of office supply will come against an estimated 1.5m sq ft of net absorption in FY13.

There’s no better way to spell competition, as StarHub will become the exclusive partner of Vodafone exactly the day after its deal with M1 ends.

More than 400 petroleum and petroleum trading companies are already based in the Lion City.

FY12 loan growth is forecast to be between 8% and 8.5% which is sharply lower than FY11’s forecast of between 16% & 20%, but it doesn’t stop there.

It seems like they have a lot to invest, as 48% of Singaporean affluent reported a rise in net worth in the last 12 months.

The airline has received approval from shareholders to raise over $127m.

The sovereign wealth fund may have lost about 60% of its investment in UBS, but it says losses were countered by good investment decisions.

Collaboration aims to offer tourists affordable travel packages as low as S$60.

M1 to continue enhancing the products and services that its customers enjoy despite contract termination.

Its capital buffers are also the highest compared to OCBC and DBS.

On Friday, the company announced that Patrick Lee Swee Ching, CFO of Vision Technologies Systems has taken leave of absence pending the CPIB investigation.