News
“Sorry, but I work alone”: Singapore’s wealthy
“Sorry, but I work alone”: Singapore’s wealthy
Looks like banks and investment houses have to work extra hard as 85% of rich Singaporeans prefer to make investment decisions on their own.
Singapore’s manufacturing sector still in the red for 4th straight month
Manufacturing PMI remains stuck in contraction territory for October despite climbing to 49.5.
Ready for your potential salary increase in 2012?
Well you'd better be as you’re bound to get more wage hike than your Hong Kong counterparts - isn’t that great?
OKP on the road to riches, FY11 earnings seen to leap 25%
Singapore’s only listed road firm is riding on the building boom with a S$433m order book.
SPH Magazines buys Australia’s ACP Magazines for S$58m
The acquisition makes SPH Magazines the trademark owner of The Women's Weekly and CLEO in Singapore, Malaysia and Indonesia.
DBS profit up 6% to S$762m
Loans increased 10% during the third quarter to S$186b amidst broad-based corporate borrowing across the region.
76,255 private homes to be completed over the next 5 years
But most may just be empty houses as vacancy rates increased to 5.8% - so where have all the residents gone?
17% of manufacturers expect ‘deteriorating’ business till March 2012
It’s a grim outlook for the next six months -- but which sector is the most pessimistic?
JV with Panasonic hurts SIAEC’s revenue for 2Q12
The company reported a slight decline in revenue to S$272m as work is outsourced to another firm.
SMRT profit derailed by high energy costs
Profit for the second quarter of 2011 was down to S$34.1m.
Not so great: Great Eastern profit down to S$40.4m
It’s a plunge from last year’s third quarter profit of S$168.6m.
NOL sinks deeper with US$91.1m loss in 3Q11
The shipping firm’s net losses widened from US$57m in 2Q on the back of a shortened peak season.
Services sector braces for looming threat of bad business
All firms see a negative outlook till March 2012, except for these three sectors.
OCBC reprimanded for its failed online and branch banking systems
OCBC’s busted as MAS found out that the bank did not implement sufficient measures to address single point of failure in its system and network infrastructure.
Maybe third time’s a charm?
Wilmar’s Sucrogen is left with bitter taste in their mouths as the sugar company fails for the second time to get support for the Proserpine acquisition.
Sembcorp Marine ends October with fresh US$300m contract
The FSO contract in Indonesia lifts SMM’s YTD order win to S$3.25b.
Testing times: Economic growth forecast to fall below 3-5% in 2012
MAS expects stalled growth over the next few quarters.
Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape