News

Chart of the Day: Total trade up 2.9% in 2Q

The second quarter of 2012 saw the stabilisation in growth for total trade, says IE Singapore.

Chart of the Day: Total trade up 2.9% in 2Q

The second quarter of 2012 saw the stabilisation in growth for total trade, says IE Singapore.

Cosco scores another $170M drilling rig contract

Dalian shipyard will build the rig for a Foreign Limited (London) subsidiary.

Immigration marriages now officially a crime

Sham spouses should be frightened of the newly passed Immigration Act amendments.

Private marinas forced to bankroll border security

Operators now required to erect barriers and deploy police out of pocket.

OCBC's margin squeeze the worst among Singapore banks

Blame it on a culmination of reduced loan spreads, higher cost of long-term debt, and lower yields on interbank.

Fraser & Neave's beer still bubbling: DBS

Earnings from breweries rose by a record 34% to S$112m.

Singapore fifth most important city for people with over US$100M

London tops the list but Singapore and other Asian countries are fast to catch up.

Genting's VIP business turnover to slump 5-10%

The full potential of VIP GGR growth will now depend on the licensing of more junkets, says CIMB.

Singapore the wealthiest country now

The country’s GDP per capita amounts to USD56,532 and is expected to more than double in 2050.

DBS' liquidity not yet a concern: CIMB

But it is gradually diminishing as one of the positives of the DBS franchise, warns the analyst.

SBS Transit profit down 53.4% to $4.6m

Net income from investments of $0.1m for 2Q12 was 17.9% lower than 2Q11.

Here's why tables will be turned for Golden Agri

2Q profit fell 26% mostly due to nasty CPO prices but there's still hope for a rebound.

Check out why Raffles Education braces for waves of losses

Looks like the restructure of its Vietnam operations will leave the group cash-strapped.

Singapore can tide through, says DPM

Mr Tharman Shanmugaratnam described Singapore’s unemployment rate as “extremely” low.

You won't believe but banks are facing revenue headwinds

The banking sector's net interest income in 2Q has shrunk for the first time since 4Q09.

Golden Agri profit slumps 19% to US$453m

The smaller earnings point to lower crude palm oil prices and poor sales.