News

Currency Briefing - what you need to know for Wed Feb 15, 2012

Currency Briefing - what you need to know for Wed Feb 15, 2012

The rise in the value of the Singapore dollar against the US dollar is said to have taken a dent.

SingTel earnings potential looking weaker: OCBC

Latest lackluster results led to a 2.5% downward revision for FY12 profits despite a higher revenue forecast.

Singaporean leaders ill-equipped for global challenges

New study deems the current crop of leaders as lacking in expansionist drive and innovative risk-taking.

Great Eastern’s net profit plummets 24% to S$385.7m in 2011

As the severe deterioration in the investment climate caused unexpected losses for the group in 2H11.

Olam’s profit jumps 15% to S$162.7m in 1H11

The group’s food segment accounted for 78% of revenue, as its rice and grains businesses in Africa flourished in the first half of the year.

Chart of the Day: Singapore’s fiscal position

The government says the current downturn will not be as bad as 2008, but how much budget deficit can we expect?

Resorts World Sentosa to open 2 eco-luxurious hotels

The 172-room Equarius Hotel and 22 exclusive Beach Villas are set to open on 16 February 2012.

CapitaLand 4Q profit down 20%

It fell to S$477m from S$596m in the fourth quarter of 2010 due to lower development profits and portfolio gains.

Singapore Airlines second to Apple in Corporate Reputation Index

Two other Singapore companies made it to the top 10 performers.

MAS reviews derivatives market regulation

The Monetary Authority of Singapore is proposing to expand the scope of the Securities and Futures Act.

ST Electronics' Nera acquisition not a done deal: DBS

A recent share price rally may hike up the S$141 million offer price or invite a rival bid.

Scratch off another profit quarter for Tiger Airways: DBS

Capacity utilization will not increase enough to rescue the regional carrier's sinking bottom line.

When will Olam's Nigeria expansion pay off?

Not this fiscal year but expect a 0.6-0.9% upside in earnings from FY13 onwards, says DBS.

Is ailing Bharti actually SingTel's secret ace?

The underperforming Indian telco dragged down the group's earnings but DBS points out an overlooked upside.

ComfortDelGro’s profit up 3.1% to $236m in 2011

As its bus segment posted strong growth in its overseas operations.