News

Wow! Singapore casino market now worth $5.8b a year

But Resorts World Singapore is losing out rapidly to Marina Bay Sands.

Wow! Singapore casino market now worth $5.8b a year

But Resorts World Singapore is losing out rapidly to Marina Bay Sands.

Non-oil domestic exports may drop 6.8% in October

It seems like the economic outlook for the fourth quarter won’t be pretty.

Singapore’s retail sales may hit 5.6% in September

Standard Chartered expects retail sales to have remained strong as credit-card spending was up 10.3%.

SBS Transit profit down 16.4% to $10.7m

SBS Transit profit down 16.4% to $10.7m

Residential investment sales plunge 50.4% to S$2.20b in 3Q11

However, this sector still accounted for the highest share of 48.6% in total investment sales.

Golden Agri-Resources profit up 11% to US$110m in the third quarter

GAR profit for the first nine months more than doubled to US$520m, thanks to the recovery of palm products output.

Will Japan’s upcoming casinos hurt the Singapore gaming market?

Japan could potentially legalize casinos by end-2012, says DMG OSK.

Who’s not paying their debts at Resorts World Singapore?

The last three months had a massive blowout in provisions for doubtful debts which soared to $57m as VIP gamblers keep out of their bills - that's a fact.

Sharp loss at hotel group Banyan Tree as chief blames Thai floods, bad economy

3,000 cancelled room nights by October for Thailand, booyah!

Raffles Education’s profit jumps 13% to S$16.9m in 1Q12

The group recorded a net gain of S$15.9m from the 50% sale of its wholly-owned subsidiary, Value Vantage.

In a nut shell: Olam enters hazelnuts business

Olam will acquire 100% of equity interests in hazelnuts exporter from Turkey.

Singapore retail rents rise for the first time in three years

Retail sales in Singapore rose by 7.4%, resulting in an average rental increase of 3.2% in 3Q11.

DBS joins forces with SingPost to add number of banking outlets to 140

Alliance offers greater banking convenience to customers of both companies.

Hey, marketers: “Stay the hell away from my social networks”

A survey revealed that 43% of Singapore consumers don’t want to engage with brands via social media.

Workaholic Singaporeans: 31% of employees stay late at work

The other 69 % are clock watchers who meticulously drop their work and rush out the door on time.

Not so dumb: Southeast Asians can’t get enough of smartphones

Oh, and the androids have finally knocked the apples of their tree.

Venture’s profit plummets 27% to S$35.4m in 3Q11

Its revenue was 13.9% lower as volume sales of its networking & communication segment declined in the third quarter.