News
Daily Briefing: Singapore’s housing seriously unaffordable; Singapore misses tourism receipts
And global retailers eye Singapore for expansion.
CityDev in a sweet spot to capitalize on market turbulence, say analysts
Five years of active diversification is paying off.
Buyers flock to large units at oversubscribed Wandervale EC
The developer received 750 applications for 534 units.
A third of older workers fear they will never be able to retire: HSBC survey
9 out of 10 say they will struggle financially upon retirement.
Prices of completed condos up 0.1% in January
But prices of prime units fell.
OCBC mulls issuing US$1b covered bonds
The bonds will be issued in the summer.
Singapore's 2015 tourism receipts dip 6.8% to $22b as business travel falters
Companies overseas have been slashing trip budgets.
Undesirable lending practices uncovered at some local banks: MAS
Credit underwriting standards need to be improved.
Sembcorp launches $4.23b power complex in India
It houses two 1,320-megawatt coal-fired plants.
HPL’s net profit dips 34.4% to $81.7m in FY15
Due to low property development revenue.
Bank lending drops in January on back of weak business loan demand
Lending to most business sectors dropped in January.
Yangzijiang’s net profit drops 29% to $535m in FY15
Blame it on lower margins.
Olam crashes into the red with $221.3m FY15 net loss
It was slammed by a massive one-off charge.
UOL’s net profit slumps 43% to $391.4m as hefty one-off gains vanish
Lower fair value gains also had an impact.
ThaiBev’s FY15 earnings surge 22% to $1.05b
Thanks to a boost from its Myanmar Brewery disposal.
Chart of the Day: Business confidence tumbles in Q2 as economic woes mount
Overall outlook is barely positive in Q2.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape
Microclimate retrofitting could be Singapore’s next big sustainability play