News

Foreign students biggest losers as government puts citizens first

All Polytechnics in Singapore announced the fee for local students will rise by $50 this year whilst PR's will pay up to $800 more and foreigners up to $1070.

Foreign students biggest losers as government puts citizens first

All Polytechnics in Singapore announced the fee for local students will rise by $50 this year whilst PR's will pay up to $800 more and foreigners up to $1070.

Singaporeans gambled ‘til they dropped

Singaporeans gambled ‘til they dropped, then slept on the floor, then gambled some more, to maximise their 24 hours under the $100 levy system.

Sembawang Shipyard secures S$130mln contracts

Sembawang Shipyard, Sembcorp Marine's subsidiary, renewed its long-term contract with Eitzen Group and won others worth S$130mln.

Singapore's 2009 private homes transactions grew by 131%

Country manages jump in private homes transactions despite 47% plunge in quarter-to-quarter sales in 2009 Q4.

The good, the bad and the ugly at Resorts World opening

This correspondent made the trek to Resorts World Sentosa to bring you the first business review of the new casino.

2009 economic results out 19 February

It's judgment day for the economy on Friday as the Ministry of Trade and Industry is set to release key economic findings at 8:00 am.

First Sentosa, now Genting wants Las Vegas

Genting Chairman Lim Kok Thay said they are actively looking at the U.S., with the Singapore project being the model for future investments.

Flu scare close to over but MOH still alert

The Ministry of Health has revised the Influenza A (H1N1) flu alert status from Yellow to Green amidst decline in the flu’s global activity.

Heavy drinking Vietnamese help Asia Pacific Breweries post $25.3 million profit

It was Tiger time in Vietnam, where the locals guzzled 35% more beer over Tet than last year, pushing Tiger's profit for the quarter up 56%.

Neptune Orient Lines runs aground as losses approach $1bln

It may be time to abandon ship as NOL lost almost $1billion and analysts see no signs of profits on the horizon as the sharks circle.

CSFI/PwC report warns of Asian banking risks

Over-reaction of regulators ranked as the biggest fear of Asian bankers.

Singapore lifts ban on sales of structured notes by DBS, Maybank and RBS

Singapore's central bank said on Thursday it will lift the ban on sales of structured notes for DBS Bank, Malayan Banking Bhd and Royal Bank of Scotland.

Neptune Orient says losses in first half 'quite likely'

Neptune Orient Lines Ltd said it may be unprofitable in the first half because of concerns about the sustainability of a pick-up in demand.

Olam International profits up 50% on rise in volume

Olam International Ltd reported on Thursday a 50.3% rise in net profit after tax for first-half ended December 31, 2009 (H1 FY2010).

Fraser and Neave profits up to $267m on F&B and properties

Fraser and Neave Ltd. reported Thursday its profits doubled to $267 million for the first quarter ended 31 December 2009.

Hiap Hoe profits up 319.5% on increased projects

Hiap Hoe Limited has reported a a record net profit of $34.3 million for the financial year ended 31 December 2009 (FY09).

UniCredit pulls trade team out of Singapore

The bank's Forfaiting & Trade Finance business moved to Hong Kong, headed by Charles Brough and Florence Kwan.