Singapore
Singapore Exchange appoints Christine Lie as Senior Vice President
She will be reporting to Executive Vice President & Head of Listings, Mr Lawrence Wong.
Singapore Exchange appoints Christine Lie as Senior Vice President
She will be reporting to Executive Vice President & Head of Listings, Mr Lawrence Wong.
SMX starts trading GBP-USD and EUR-USD cash-settled currency futures
Number of contracts on the exchange reaches 11 as trading volume and turnover surges.
Singapore Airlines’ first quarter profit down 82% to $45mn
High fuel costs caused fall in net profit despite posting 3% growth in group revenue at $3.58mn.
SMX’s membership, trading volume, turnover at all time high
The exchange’s trade volume at 9,659 contracts, trade turnover surpassed US$350mn and membership more than doubles at over 50.
IATA forecasts a meager $4b profit for airlines worldwide in 2011
This is a 78% fall from the $18 billion that the airlines made in 2010.
34% of Singaporeans won’t buy properties due to high prices
And 73% of HDB seekers are willing to wait 2 to 3 years to purchase property.
Singapore’s security market to total S$67.8m in 2011
Gartner expects the market to grow by 3.3% this year.
Increased corporate travel demand drives hotel room rate hikes
Moderate rebound in corporate travel continues throughout 2011 benefitting hoteliers, says Royal Plaza on Scotts which already saw 11% increase in the average room rates (ARR) in the first six months while enjoying healthy occupancy rate at 85%.
HSBC partners with EDB to lure foreign companies to Singapore
They will target large and mid-sized global companies from various parts of the world over the next three years.
94% of Singaporean companies don’t trust the accuracy of their contact data
And guess what is the top reason cited for this lack of trust?
Investor confidence drops
The Singapore Investor Confidence Index Poll reveals there was an increase in the percentage of investors who will be more conservative amidst global economic woes.
Global connection speed increased 23% yoy to 2.1Mbps
And cities in Asia reported the fastest internet connection in the world.
Straits Asia’s profits down 12.3% QoQ to US$37m
Blame it on lower production volumes and higher cash costs.
DBS’ trading income volatility set to persist
In Q2 2011, trading income slumped 43% to $146 million.
Snail's pace: SingPost's profit down 3.5% to S$39.2m
Revenue was up but so were total expenses which jumped 6% to S$109.3m.
Derailed: SMRT profit down to $34.8m
The company is off track because of energy costs rising by 32.7% or $9.9m for the first quarter.
Workaholic Singaporeans: 82% of business travellers work until midnight
And the figure conscious 53% like going to the gym on their trips.
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