News
DBS sets up US$5bn Euro-Commercial Paper Programme
DBS sets up US$5bn Euro-Commercial Paper Programme
Proceeds to be used for the general business purposes of DBS and its subsidiaries.
SGX securities market begins whole-day trading
Monday’s trade from 12.30pm to 2.00pm generated $110mn, contributing to 6.4% of the day’s trading.
HSBC to cut 25,000 jobs by 2013
And it will exit operations in 20 countries as it looks to save billions of dollars.
Wealthy Singaporeans: 85% of travellers splurged on a leisure trip this year
And 23% said they even made more than three trips in the past 12 months.
Countless credit: Loans in Singapore reached a whopping $374b in June
Guess which sector was in dire need of cash and accounted for 56% of the total loans?
Beverage company director busted for tax fraud
Suharry Bin Abdullah should stay sober in the next 4 months as he serves his sentence in jail.
Tiger Airways’ Aussie planes to remain grounded until August 3
The LCC said it will automatically refund all passengers booked to fly between August 1 and 4.
5% of manufacturers threatened by a ‘deteriorating’ industry
But a weighted 17% expect business conditions to improve in H2 2011.
Temasek unit buys mall in Hong Kong for $2.4b
Sale of Festival Walk shopping center is the biggest property transaction ever for Swire Pacific.
Lucky 13: Additional train cars eyed for Bukit Panjang LRT
The 13 additional cars would provide additional capacity of about 50%.
Buying investment products? Pass this test first
MAS now requires that a customer be assessed prior to the sale to ensure the risks and features are understood.
IATA forecasts a meager $4b profit for airlines worldwide in 2011
This is a 78% fall from the $18 billion that the airlines made in 2010.
34% of Singaporeans won’t buy properties due to high prices
And 73% of HDB seekers are willing to wait 2 to 3 years to purchase property.
Singapore’s security market to total S$67.8m in 2011
Gartner expects the market to grow by 3.3% this year.
94% of Singaporean companies don’t trust the accuracy of their contact data
And guess what is the top reason cited for this lack of trust?
Snail's pace: SingPost's profit down 3.5% to S$39.2m
Revenue was up but so were total expenses which jumped 6% to S$109.3m.
Derailed: SMRT profit down to $34.8m
The company is off track because of energy costs rising by 32.7% or $9.9m for the first quarter.
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