News

Ascendas REIT to focus on consolidation in FY13

Optimising portfolio performance has to follow the S$1bn in investments made in 2012.

Ascendas REIT to focus on consolidation in FY13

Optimising portfolio performance has to follow the S$1bn in investments made in 2012.

Singapore banks brace for heightened competition

CIMB presumes Bank of China will be granted Qualifying Full Bank privileges as a clearing bank for RMB in Singapore.

Cosco cries foul over articles saying the company is in trouble

One story on a news website described Cosco Singapore as the lowest-rated Asia stock on rig push.

Suburban market to boom in retail sector

Rental units will continually rise at a compound annual growth rate of 1.95% in 2011–2015.

Singapore economy likely back into the red in 2Q

Advance GDP estimates for 2Q is due this Fri but DBS worries over sluggish global demand and cyclical drop in pharma output.

Scoot scoots to Taipei ahead of schedule

Introductory one-way Fly airfares between Singapore and Taipei start from just S$88.

Tiger Airways appoints a non-aviation expert as CEO

Will Tiger roar again under the new leadership of Koay Peng Yen?

Keppel's offshore wind farm growth threatened by red tape in China

But find out what makes Keppel well-positioned to tap the sector at the global front.

CapitaLand to buy Somerset Grand Cairnhill Singapore for S$359m

At the same time CapitaLand is selling Ascott Raffles Place Singapore and Ascott Guangzhou in China.

Chart of the Day: Residential supply outstrips demand

The number of launched but unsold units reached 8,245 in May.

30% of products pitched by banks and insurers deemed "unsuitable"

Banks and insurers recommend investment and insurance products that 3 out of 10 times disregard the financial goals of their clients.

ST Electronics fails to acquire NERA Telecom

ST Engineering's electronics arm came short of the majority shareholder vote needed to purchase all NERA shares.

2.5M sqft of suburban retail space to flood market

Maybank Kim Eng projects an "onslaught" of suburban retail supply with 0.5M sqft coming in 2012 and almost 2M sqft in 2013.

Venture Corp hurt by client Hypercom's exit in 2011

Verifone acquired Hypercom, one of its major networking and communications customers in 3Q11.

Singapore equities beat Asian counterparts in June

Concerns with inflation could continue to cap easing by the central bank even as external demand moderates, says HSBC.

Venture Corp hit by a bleak 2Q12

But wait till Oclaro adds US$200m of revenue by 2H12.

COSCO refutes media accusations on hurting orderbooks

The company denies that its customer, Sevan Drilling Rig V, has rescheduled payment terms.