News

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.

MAS lifts operational risk multiplier imposed on DBS

DBS was censured by MAS last 5 July 2010 after the service outage of its online and branch banking.

Tax talks: Singapore’s 20% tax rate remains among the lowest

The rates have been static for the last 5 years - but for how much longer will this be the case?

Condo craze: 10,430 EC units up for grabs

Now that’s definitely a LOT to choose from, isn’t it?

Financial crime does not pay in Singapore: MAS

Managing Director Ravi Menon warned there will be severe consequences faced by financial criminals.

Factory space, anyone?

There’s a total supply of 3.298m sqm GFA of factory space from projects in the pipeline as at the end of the 3rd quarter.

Sembcorp Marine bags S$54m from tax refund

DMG estimates it will boost Sembcorp’s 3Q11 profit by 54% to a whopping S$230m.

Supply of office space to be robust in 4Q11

Question is, will most of them be occupied?

Suntec REIT sells Chijmes for S$177m

PRE 8 Investments is purchasing the property for a price 23% above valuation.

What you need to know about your shopping spaces

The vacancy rate of shop space in 3Q11 surged to 6.2% -- so where have all the shops gone?