News

Top billionaires' net worth soars by 9%

The country now has 16 billionaires from last year's 13.

Top billionaires' net worth soars by 9%

The country now has 16 billionaires from last year's 13.

Facebook's Eduardo Saverin ranks 8th in Forbes richest list

Guess who else placed in Singapore's 40 wealthiest people.

DBS most at risk from Euro woes

Around 30% of its loan book is exposed to SMEs at risk of order cancellations from European clients.

Wilmar's 2Q12 earnings to surge 36-56%

But it's still 21-31% below 2Q11 level.

F&N's Heineken dilemma raises shareholder's hackles

Japanese drinks giant Kirin explores its options on its 15% stake in F&N.

Genting Singapore 2013 profit to plunge by 50%

Blame it on heightened regulatory risks over casino gambling which likely to persist till 2015 election.

Growth could dip below 1%: MAS

There is greater uncertainty in the US economy compared to three months ago, said MAS maanging director Ravi Menon.

Singapore steps up efforts against fraudsters

At least  3 masterminds of motor insurance fraud scams were sentenced to jail over the last 2 years, says MAS.

Industrial production likely down from a solid 6.6% in May

IP index for June due today is likely to only report a 3.0% YoY expansion, says DBS.

MAS unveils S$20b facility to protect depositors

The contingent liquidity provided to the Singapore Deposit Insurance Corporation is a back up in case of banking dilemma.

Chart of the Day: What you need to know about inflation in June

The increase primarily reflected higher accommodation cost.

Singapore earmarks $630 million for ambitious public service program push

The staggering outlay is 35% more than the previous five-year funding and will be spent to enhance the country's public service broadcast.

MAS raises headline inflation forecast to 4-4.5%

Singapore's central bank narrowed its forecast range from 3.5-4.5% but assuages fears by saying core inflation is bound to ease.

How SIA soared to $78 million net profit amid crashing demand

The airlines pushed out strong promotions to snap up passengers and kept a vigilant eye on costs to eke out a profit in Q1 2012.

SIA Engineering to earn 5% more in FY13

SIE recently clinched a five-year fleet management contract worth S$166m.

Singapore to implement Basel III standards two years ahead of schedule

Singapore banks will then meet MAS’ capital adequacy requirements that are 2% higher than the Basel III global capital standards.

Exchange rate policy has its limitations, warns MAS

It can't completely contain inflation as it is not effective against housing rentals and car prices.