Singapore
MAS spends US$16.8bn to stop SGD strengthening
The central bank pumped US$8.2bn in the spot market and US$8.6bn in the forward market in October to keep the currency from appreciating beyond the bands that govern it.
MAS spends US$16.8bn to stop SGD strengthening
The central bank pumped US$8.2bn in the spot market and US$8.6bn in the forward market in October to keep the currency from appreciating beyond the bands that govern it.
Keppel expects 4.0% net profit growth for FY2012E
Keppel Corporation said year-on-year increase of 9.6% in net profit is expected for FY2010E. A slow and steady growth in its net profit is forecasted for the next three years. They forecast year-on-year increases of 2.3% and 4.0% in net profit for FY2011E and FY2012E.
CapitaLand divests 163 units at The Adelphi for $218.132mln
The group expects to generate an after-tax profit of about S$15.7mln.
Singapore new orders up 1.6 points
A PMI of 51.2 came in for November, according to OCBC. This is higher than October's PMI which is 50.7.
Singapore ranked Asia Pacific's 3rd biggest in investment volume
A huge rise of 358% growth in investment volumes was recorded for Singapore. According to Jones Lang LaSalle's Capital Markets Bulletin, this growth came from several large transactions in 3Q10.
Bayer HealthCare extends partnerships in Singapore with a focus in cancer research
The company forges five new industry projects with National University of Singapore, NUHS, SingHealth and A*STAR’s Singapore Bioimaging Consortium.
Ascott unveils first Citadines Serviced Residence in Indonesia
Citadines Quartier Jakarta is Ascott’s 15th Citadines property to open in Asia Pacific.
Keppel secures US$360mln contract with Asia Offshore Drilling
The options for the additional two rigs may bring the total contract value to above US$720mln.
How to resign gracefully
In a survey of 98 Singapore-based professionals conducted by Randstad in September, 39% intend to switch jobs in the next 12 months to capitalise the economic recovery.
Protegic appoints Kenny Leow Regional Director Singapore and Asia
Protegic, Australia's fastest growing specialist project management consultancy, has appointed a regional director for Singapore and Asia, based in Singapore.
Kim Eng expands retail investor base with its first investor centre
The group has also launched KE Forex, for trading foreign exchange and KE Trade Mobile, a iPhone app for stocks trading.
Singapore ranked 42nd most expensive location
Within Asia, Singapore is considered the 8th most expensive location in the survey conducted by ECA International. From last year, Singapore's rank went up a notch from 9th.
Cosco Shipyard clinches US$110m bulk carrier contract
Three bulk carriers of 82,000 dwt will be built by COSCO Shipyard Co. Ltd. using the secured contracts.
Amtek Engineering joins SGX Mainboard
The design and manufacturing solutions provider has a market capitalisation of S$706 million and manufacturing facilities in eight countries across Asia and Europe.
Singapore Airlines jacks up fees by US$25
Starting today, the carrier will increase its fuel surcharge between US$3 to US$25 due to the sustained escalation in the price of jet fuel in recent months.
Singapore Exchange lists Credit Suisse to clear OTC financial derivatives
Credit Suisse also seen to strengthen SGX’s capabilities in the interbank interest rate swap market.
Housing loans up 22.5%
Bank loans growth jumped from 12.2% yoy in September to 13.8% yoy in October. According to OCBC, the increase was buoyed by both business (10.1%yoy and 0.8%mom) and consumer loans (18.1%yoy and 1.8%mom), especially housing/bridging loans (22.5%yoy and 2.1% mom).
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