News

Asia-Pacific carriers' profit outlook downgraded on Euro woes

Asia-Pacific carriers' profit outlook downgraded on Euro woes

Impact of European losses now expected to be more than doubled at $1.1 billion will take its toll on Asia-Pacific carriers, says IATA.

Asia unattractive for insurance firms planning to make new private equity investments

Surprisingly, insurance prefers Europe over Asia despite the former's current financial trouble.

Singapore Airlines ranked down in 100 most reputable firms in the world

BMW emerged as the new leader toppling Google which fell into the sixth place.

Construction sector expands after two sluggish quarters

Thanks to the HDB building programme and Marina Bay Cruise Centre construction.

Hotel occupancy rates reach 20-year peak

Record tourist arrivals in the first quarter pushed hotel occupancy rates to 88.5%.

Chart of the Day: Electronics cluster output up in Q1

Gains in electronics were primarily driven by the data storage and computer peripherals segments.

ST Engineering splurges $49.7 million on Americas aerospace expansion

It has purchased an aerospace maintenance facility and freighter conversion certificates to establish a regional foothold.

OCBC, DBS, and UOB pamper ultra-rich Singaporeans

Each bank targets Singapore's rising rich with diverse product offerings, but which bank gets the highest revenue contributions from this wealthy market?

Offshore wealth in Singapore reaches a whopping US$1trn

You'll never guess which region increased its offshore wealth in Singapore by more than 50% to US$140bn in 2011.

Wow! 17% of Singapore households have wealth of more than US$1m

If you're looking for a millionaire, you know where to go.

Analyst sees no near-term improvement for Wilmar

Phillip Securities Research believes there may not be much earnings catalyst for Wilmar this year.

Why Olam's acquisition of a Nigerian asset is not a cash cow

Kayass is a good fit for Olam but it yields marginal profits, says CIMB.

Chart of the Day: Singapore policy rates below Lehman crisis level

Should Singapore raise threshold for monetary easing?

Hiring slowed down in Q1 2012

Overall unemployment rate also went up slightly to 2.1% from 2% in the fourth quarter.

CPI inflation forecast to average between 3.5% and 4.5% in 2012

MAS says CPI-All Items inflation is expected to remain elevated and volatile over the coming months.

Public housing rents got cheaper

But resale HDB in top three towns got more pricey.