News

DBS Group gamble leads to record profits: OCBC

It bet big on Wealth and SME, and both profit segments posted double-digit income growth for 1Q12.

DBS Group gamble leads to record profits: OCBC

It bet big on Wealth and SME, and both profit segments posted double-digit income growth for 1Q12.

Office space rentals dip but prices stay level

1Q12 saw office space rentals dive 0.5% while average prices kept the same, but what else is in store for this property sector?

SingTel named most-governed and transparent for 4th straight year

SingTel scored 111 points overall in the 2012 Governance and Transparency Index, beating SGX and DBS.

DBS profit up 16% to S$933m

The numbers exhibit a healthy showing: loans rose 3% while deposits grew 4%.

Residential property prices down in Q1

The 0.1% marginal decline was the first quarterly fall since the 2nd quarter of 2009.

Chart of the Day: Luxury homes getting cheaper?

Median price of non-landed luxury properties dropped 8% to S$2,548 per sq ft.

Total investment abroad reached $800 billion in 2010

Asia continues to be the most popular direct investment destination for Singapore corporates, attracting 55.8% of all investments.

What's kickstarting a CapitaMalls Asia rally?

Better operating performances in its key Asian markets led to higher 1Q12 revenues with potential for even stronger results.

Will Singapore bank earnings surge past 2%?

1Q12 results may exceed expectations as banks may have performed better on provisions and loan growth, says DBS.

Redundancy layoffs slowed slightly in 2011

Only 5.5 per 1,000 Singaporean employees were made redundant last year, down from 5.7 in 2010.

Singapore Airlines gets caught up in global turmoil

Earnings are estimated to plunge by 56%, worsened by jet fuel prices and the unstable European economy.

Disappointing industrial production figures loom

Analysts project overall industrial production output to have shrunk by 10.7%, based on the significant decrease in non-oil domestic export growth.

Chart of the Day: New home sales up to 6,682 units in Q1

The new high surpassed even the full-year sales of 2000, 2003, 2004, and 2008.

Will Scoot bite into Tiger Airways' market share?

Upstart carrier announces S$88 Singapore-Bangkok fares that may well steal steal passengers from its pricier sibling.

Can Singapore become Asia's leading IP hub?

Government seems to think so with a new IP Steering Committee formed to galvanize IP services development.

Residential sales boom in Q1

Home sales rocketed a record high of 6,682 units despite cooling measures and a gloomy economic outlook.

Changi handles highest number of passengers ever in March 2012

Passenger traffic for the month increased 15.3% year-on-year.