News
OCBC profit down 10% to S$513 million in the third quarter
OCBC profit down 10% to S$513 million in the third quarter
Blame is thrown at the volatility of the financial markets which had an adverse impact on the bank’s trading income.
41% of rich Singaporeans seek investment advice from relatives over financial advisors
Looks like blood is truly thicker than water when it comes to investment decisions.
SOS: COSCO profit down 42% to S$32.2m in the third quarter
The company cited lower profit contributions from dry bulk shipping and shipyard operations as the culprit.
Analyst warns AsiaPac REITs who depend on bank debt for funding
Stricter bank regulations and increasing bank debt costs might just take its toll on the REITs’ finances, so beware.
Manufacturing firms to hire less and lay off more in Q4 2011
But you can still keep your hopes high on this one sector which is most optimistic about employment opportunities.
“Sorry, but I work alone”: Singapore’s wealthy
Looks like banks and investment houses have to work extra hard as 85% of rich Singaporeans prefer to make investment decisions on their own.
Singapore’s manufacturing sector still in the red for 4th straight month
Manufacturing PMI remains stuck in contraction territory for October despite climbing to 49.5.
Ready for your potential salary increase in 2012?
Well you'd better be as you’re bound to get more wage hike than your Hong Kong counterparts - isn’t that great?
OKP on the road to riches, FY11 earnings seen to leap 25%
Singapore’s only listed road firm is riding on the building boom with a S$433m order book.
SPH Magazines buys Australia’s ACP Magazines for S$58m
The acquisition makes SPH Magazines the trademark owner of The Women's Weekly and CLEO in Singapore, Malaysia and Indonesia.
DBS profit up 6% to S$762m
Loans increased 10% during the third quarter to S$186b amidst broad-based corporate borrowing across the region.
76,255 private homes to be completed over the next 5 years
But most may just be empty houses as vacancy rates increased to 5.8% - so where have all the residents gone?
17% of manufacturers expect ‘deteriorating’ business till March 2012
It’s a grim outlook for the next six months -- but which sector is the most pessimistic?
JV with Panasonic hurts SIAEC’s revenue for 2Q12
The company reported a slight decline in revenue to S$272m as work is outsourced to another firm.
SMRT profit derailed by high energy costs
Profit for the second quarter of 2011 was down to S$34.1m.
Not so great: Great Eastern profit down to S$40.4m
It’s a plunge from last year’s third quarter profit of S$168.6m.
NOL sinks deeper with US$91.1m loss in 3Q11
The shipping firm’s net losses widened from US$57m in 2Q on the back of a shortened peak season.
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