Singapore
SIA Cargo cuts freighter capacity by 20%
The air cargo market has been suffering for the past year and SIA isn’t expecting any improvement for the first half of 2012.
SIA Cargo cuts freighter capacity by 20%
The air cargo market has been suffering for the past year and SIA isn’t expecting any improvement for the first half of 2012.
Chip Eng Seng’s net profit plunges 29% to $123.7m in 2011
As its completed projects in property development didn’t do so well last year.
NOL staggers from US$478m blow in 2011
As higher fuel costs have adversely affected the container shipping industry last year.
Genting’s net profit jumps 55% to S$1b in 2011
As Universal Studios Singapore attracted a whopping 10,250 visitors daily, with each visitor spending an average of S$86.
3% of financial leaders to cut permanent headcount
But don’t worry, as 31% of CFOs plan to hire more staff in the first half of 2012.
Will there be more tourists in Singapore this year?
Singapore Tourism Board expects visitor arrivals to moderate but new attractions will still come online to bolster tourism.
Chart of the Day: Home Price Index of Asian Countries
Moody’s cited Singapore as amongst countries in Asia that are at risk of bursting real estate bubbles.
Currency Briefing - what you need to know for Wed Feb 22, 2012
There was a boost in Asian currencies, including the Singapore dollar, but it didn’t linger.
Singapore Markets Morning Briefing - what you need to know for Wed Feb 22, 2012
Greece secured a second round of financing from the Eurozone but didn’t provide much inspiration.
Domestic wholesale trade shrank yet again
Guess which sector weighed down the index the most to a 0.9% qoq contraction in Q411.
Which two sectors lost big in foreign wholesale trade?
Transport equipment and houehold equipment & furniture both declined double-digits due to lower sales abroad.
What Singapore networks should know about mobile data usage
Mobile broadband traffic is growing at 83% worldwide with video streaming gaining even more traction among users.
Singapore ranks 37th in world growth contribution
Two other Asian countries topped the 2011 list with many more ranking ahead of the island nation.
Metax Engineering's Director resigns
Basmadjian Krikor quitted his job to allot more time for self.
OCBC appoints Ooi Sang Kuang as Director
His qualification and experience was given merit by the Nominating Committee.
Metax Engineering appoints Tan Hwa Peng as Director
Mr Tan is also Chairman of Remuneration Committee and Member of Audit Committee and Nominating Committee.
GMG Global’s net profit surges 66% to S$74.6m in 2011
As the group’s newly acquired Teck Bee Hang contributed larger processing tonnage for the year.
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