News

StarHub reports net profit of S$319.7m due to higher revenue

StarHub reports net profit of S$319.7m due to higher revenue

Decrease in taxation and lower interest expenses were cited as other factors contributing to StarHub's 2.7 percent year-on-year growth in net profit.

DBS posts S$2.06 billion net earnings for 2009

DBS outdoes itself by breaking records including growth in net interest income to S$4.46 billion and 17 percent rise in profit before allowances.

Singapore office market remains lukewarm in Q4 2009

CB Richard Ellis study showed prime office rents in Singapore fell despite increased activity of tenants.

Singapore Airlines to launch new cabin offerings

To provide additional space and comfort for its passengers, Singapore Airlines is set to launch new cabin products on some of its Boeing 777-200 aircraft starting late February.

Singapore posts strong recovery in real estate investments

Singapore joined other Asian countries in witnessing property investment upsurge in the second half of 2009.

DBS inaugurates new headquarters building in Shanghai

Singapore's largest bank continues to grow its branch footprint in China with the inauguration of DBS Bank Tower located in Lujiazui.

Tiger Airways celebrates feat with a promo

Airline offers 120,000 seats at zero cents after it reached its twelve millionth passenger.

Singapore's wealthiest man Ng Teng Fong dies

The patriarch of Far East Organization, estimated to be worth $8 billion, passed away on Tuesday, a spokesperson said.

Keppel's Alpha unit in talks to buy $130 million China apartment block

Keppel Land’s unit Alpha Investment Partners is in exclusive negotiations with Morgan Stanley Real Estate Asia to acquire the Jinlin Tiandi complex in downtown Shanghai.

Tiger Airways launches Singapore – Hong Kong flights

Inauguration of twice-daily flights on Feb. 1 was slated to welcome the Year of the Tiger.

Limiting dependence on foreign workforce eyed

Singapore should keep the number of foreign workers at current levels, as recommended by the government's economic strategies committee.

SingPost warns delivering profits getting harder

Profits may be up for SingPost by a whopping 20.6 percent, but its deputy group CEO admits the company’s outlook is nowhere as pretty.

Singapore pips Hong Kong as most globalised city

Ernst & Young Globalization Index 2009 also finds globalisation slowing.

Singapore jostles out KL as Jetstar's Asian Hub

Changi Airport has signed a 3 year agreement with the airline that will make it Jetstar’s largest air hub for its flights.

MAS plans crackdown on dodgy investment products

Under new proposals, MAS may have more power to investigate company figures, take regulatory action and demand compulsory advising before the sale of products.

Bio Medical sector sickened by pathetic outputs

2010 is looking sick for the biomedical sector, with firms declaring hiring freezes and government figures now revealing a 13.3 percent drop in biomedical output.

Debt and Scandal dog Singapore-listed China companies

While a few have succeeded in restructuring their finances, a number of Singapore-listed firms in China remain burdened with debt and even fraud.