Singapore

Wilmar to boost profit as China lifts price caps for retail vegetable oils

Assuming a 6-month impact, the company could now gain around US$15m, says CIMB.

Wilmar to boost profit as China lifts price caps for retail vegetable oils

Assuming a 6-month impact, the company could now gain around US$15m, says CIMB.

Virgin Australia the bigger winner from tie-up with SIA

As Virgin increases its market share by 10%-20% and SIA is still denied access to the profitable trans-Pacific routes, DMG sees the deal to be more beneficial for Virgin.

Viva Las Singapore: Local Casino takings to overtake Las Vegas

And total revenue is expected to rise to USD 6.4bn from USD 5.1bn last year, according to Frank Fahrenkopf, President of American Gaming Association.

GIC appoints Lim Chow Kiat as President of Asset Management

Mr Lim will hand over his role as President (Europe) to Dr Jeffrey Jaensubhakij starting 1 July 2011.

Singapore’s amazing economy blew the gates off with 22.5% growth in Q1 2011

And the manufacturing sector is top contributor as it surged 75.4% q-o-q saar in Q1 2011.

What you need to know about GIC’s 6 new presidents

The six new men and their appointment shows a strong tilt towards property and special investments, so who are these new chiefs?

GDP growth forecast at 5-7%

Growth momentum is said to have strengthened in the first quarter.

Train stations key to Ascott’s growth overseas

But Singapore still contributed 19% to Ascott's earnings this year.

ANZ Singapore launches Gold Account

The account can be transacted in a wide variety of currencies including US Dollar, Singapore Dollar, Euro, Australian Dollar, New Zealand Dollar, British Pound and Japanese Yen.

SIA willing to sell its 49% stake in Virgin Atlantic as it cashes in to fund budget startup

SIA's stake could be worth $1 billion or more, so if sold, this would be a substantial gain for the Group, says DBS.

Jobs on: Unemployment rate falls to its lowest since 2007 for residents

It declined for the resident labour force from 3.1% in December 2010 to 2.7% in March 2011.

Did you get your 8.5% wage increase?

If not, you may be losing out as new statistics show overall wages grew by 8.5% y-o-y in the first quarter.

COSCO wins $26m contract

Its subsidiary COSCO Shipyard Group secured the deal from a South East Asian company to build one semi-submersible barge.

61% of wealthy Singaporeans are cautious investors

Survey says these high net worth individuals are more concerned with preventing bad things happening than ensuring that good things happen.

Woodlands Avenue 2 / Rosewood Drive site gets $152m top bid

Fragrance Group Limited and Aspial Corporation Ltd was the highest bidder for the 27,380.2 m² residential site.

Hiring in services down by 8,100

Turns out there was lower demand for workers in the hospitality-related segments in the first quarter.

Good morning Vietnam: SingPost buys 30% stake in Indo Trans Logistics Corporation

The postal company’s investment provides springboard into Vietnam and Indo-China market.