News
DBS expands in China and India, cuts dependence on Singapore
DBS expands in China and India, cuts dependence on Singapore
In a bid to reduce reliance on its Singapore home market, DBS Group Holdings Ltd., Southeast Asia's biggest bank, is instead looking at expanding its operations in China and India without pursuing acquisition.
Singapore residential property weekend roundup: Centennia Suites Hot
Last weekend saw an uptrend in high end properties with hot interest in Centennia Suites, developed by The Lippo Group, along River Valley Road.
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.
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