News

ST Engineering’s net profit jumps 7% to $527.5m in 2011

ST Engineering’s net profit jumps 7% to $527.5m in 2011

Except for its Marine segment, which suffered from a $164m loss, all segments recorder higher revenue in 4Q11.

International Cruise Terminal won’t propel Singapore’s hotel sector

ICT will be busy by 2Q12 but OCBC expects most cruise passengers will fly into Singapore, take a cruise, return to land and then fly off, without staying in hotels.

Greener pasture overseas for land transport operators

Public transport group may experience no respite at home but better prospects abroad await, says UOB kay Hian.

Wilmar International turns more cautious on oilseed & grain division

The group flagged that oilseeds &grains may only breakeven in FY12 if operating conditions nin China do not improve.

Singapore’s trade to grow faster than world average over next 15 years: HSBC

Singapore’s companies to increase trade activity by 5.00% annually.

Resorts World has again lost market share to Marina Bay Sands

Genting Singapore' gambling business reports lower mass market gross gaming revenue and VIP volume in 4Q2011.

Neptune Orient Lines’ shipping business disappoints

The liner is sailing in rough seas with net loss of US$320.4m still significantly wider than the 3Q11 loss of US$91.1m.

Chart of the Day: Singapore High Domestic Inflationary Pressure

CPI inflation for January likely moderates to 4.7% from December’s 5.5% but upside risk remains says DBS.

Currency Briefing - what you need to know for Thurs Feb 23, 2012

The Singapore dollar slipped against the US dollar amidst global economic uncertainty.

Singapore Markets Morning Briefing - what you need to know for Thurs Feb 23, 2012

There was retreat on Wall Street and the Nikkei started weak.

HDD makers relishing fat margins while suppliers struggle

Most suppliers cannot raise prices even as HDD manufacturers sell on high margins, says CIMB.

Which Wilmar segment is the stalest?

OCBC singled out Oilseeds & Grains as having a doubtful recovery among an already underperforming lot.

Tiger Airways Holdings lifting off to profitability?

Turnaround seen as early as 3QFY13 if overseas plans pull through and local demand recovers, says DBS.

NOL staggers from US$478m blow in 2011

As higher fuel costs have adversely affected the container shipping industry last year.

Genting’s net profit jumps 55% to S$1b in 2011

As Universal Studios Singapore attracted a whopping 10,250 visitors daily, with each visitor spending an average of S$86.

3% of financial leaders to cut permanent headcount

But don’t worry, as 31% of CFOs plan to hire more staff in the first half of 2012.

Will there be more tourists in Singapore this year?

Singapore Tourism Board expects visitor arrivals to moderate but new attractions will still come online to bolster tourism.