News

Digging overseas: Temasek grabs stake deal with Canadian miner

Digging overseas: Temasek grabs stake deal with Canadian miner

Subsidiary Ellington Investments closed the $510 million exchange with Inmet Mining to give the state investor approximately 11 percent stake.

Jones Lang LaSalle warns would be condo buyers rates may rise

Continuing low financing environment boosts sales of private housing, according to a report by Jones Lang Lasalle.

No go loan zone: Fitch toughens global RMBS ratings criteria

Naughty insurers aren't paying out full claims on defaults, and Fitch isn't happy.

Fears escalate as rent inflation hits industrial and warehouse space with rents skyrocketing 5.4 per cent in the 6 months to March

And according to research from property firm Colliers, this is a rapid rise compared to a rent increase of just 1.6 % in the preceding year.

Fishy business: China Fishery’s net profit drops 2% to US $46 million

The fish processor was hit by a closure of the Peruvian fishing grounds and the delayed delivery of fish roe to Japan.

Time for Gordon Gekko to ditch the Motorola as Kim Eng launches Android and Blackberry share trading app

Success of the stock brogerage’s iPhone app prompted it to launch on other platforms.

Empty seats: SIA load factor falls to 68.2% as new planes join fleet

Rising capacity pushed the flag carrier's overall load factor down from 69.3 percent in April 2010.

NOL still taking on losses, US$10mln sunk in the first quarter

Still, it's an improvement from the US$98 million lost during the same period in 2010, but shows the shipper still has work to do to right its operations.

Booming commodity prices push Singapore's offshore trade up 50.5% to US$700bn

And the good news is that trading jobs actually grew 18.5 % with 11,250 new jobs created.

Oops. April exports fell by 1.8% year-on-year

Don't panic yet, but the drop in non-oil domestic exports resulted in total exports growing by just 5% which is well below the 12.7% recorded in March.

Private home sales in April surged 29% month-on-month

Excluding executive condominiums, a total of 1,788 residential units were sold buoyed by steady buyer confidence seen since February.

April NODX seen to slip to 8.7%

Headline NODX is expected to record a slightly softer growth, down from 10% in the previous month.

Keppel inks US$772mn deal to 4 build jackups for Standard Drilling

Latest contracts boost value of new orders secured year-to-date to over S$6.4bn.

Retail sales surge 0.8% in March 2011

Motor sales held back the growth of retail sales as retailers of motor vehicles reported a sales decline of 15.3 percent.

Government urge SMEs to participate in productivity drive

SMEs play a critical role in Singapore's economy, said Gan Kim Yong, Minister of Manpower.

Singapore remains threat to Hong Kong in fund management

Assets under management by fund managers in Singapore have reached new high of $1.4 trillion.

Moody’s retains SingTel’s Aa2 rating for 2010

The telco’s financial metrics and liquidity profile remain robust and continue to leave its standalone rating well positioned at the single A range.