Singapore
Currency Briefing - what you need to know for Fri Feb 24, 2012
The US dollar weakened against the G10 amidst downward pressure on risk assets including many Asian currencies.
Currency Briefing - what you need to know for Fri Feb 24, 2012
The US dollar weakened against the G10 amidst downward pressure on risk assets including many Asian currencies.
Singapore Markets Morning Briefing - what you need to know for Fri Feb 24, 2012
Overnight there was improvement in risk sentiment across Europe and the US.
Inflation eases to 4.8% in January
But core inflation of basic necessities is rising and will remain high for the next few months.
Caution raised for new CCT residential site
The 20 Anson Road site will have a rental upside but not as lucrative as it seems, says DBS.
NOL cruising into riskier waters: DBS
This year it will struggle with higher oil prices, wobbly rate hikes and questionable profitability.
Genting Singapore may fund new overseas venture
DBS believes the company will issue perpetual bonds and use it to invest abroad.
Capacity cuts by SIA Cargo only a stopgap
The new 20% reduction in freighter capacity can alleviate the losses but it won't be enough, says DBS.
Oceanus Group Director Lai Seng Kwoon resigns
Mr Lai quitted his job to devote more time to concentrate on his practice.
Director of GRP (China) Han Hai Kwang resigns
Han left his role of overseeing the business operations of GRP (China) Pte Ltd and New Sea Plastics Pte Ltd.
Banyan Tree names Ho Ren Hua as Assistant Vice President, Country Head, China
He will be assigned to the growth and development of the Group’s portfolio through new management contracts, greenfield acquisitions and strategic joint ventures.
Teckwah Industrial appoints Chua Kee Hin James as Senior Regional Business Director
Mr. Chua will head the business development and operation team of the group's various business units.
China Great Land Holdings names Leow Yong Kin as Financial Controller
Mr. Leow will be resposible for the finance and accounting matters of the group.
Otto Marine appoints Aw Chin Leng as Executive Director
Mr. Aw has been promoted from being Deputy President of the company from 11 April 2011.
Cosco’s net profit plunges 44% to $139.7m in 2011
As turnover from its dry bulk shipping business plummeted by more than 50% due to lower charter rates.
Sembcorp Marine’s net profit plunges 13% to $752m in 2011
As its rig building projects weren’t so profitable 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.
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