News

OKP on the road to riches, FY11 earnings seen to leap 25%

Singapore’s only listed road firm is riding on the building boom with a S$433m order book.

OKP on the road to riches, FY11 earnings seen to leap 25%

Singapore’s only listed road firm is riding on the building boom with a S$433m order book.

SPH Magazines buys Australia’s ACP Magazines for S$58m

The acquisition makes SPH Magazines the trademark owner of The Women's Weekly and CLEO in Singapore, Malaysia and Indonesia.

DBS profit up 6% to S$762m

Loans increased 10% during the third quarter to S$186b amidst broad-based corporate borrowing across the region.

76,255 private homes to be completed over the next 5 years

But most may just be empty houses as vacancy rates increased to 5.8% - so where have all the residents gone?

17% of manufacturers expect ‘deteriorating’ business till March 2012

It’s a grim outlook for the next six months -- but which sector is the most pessimistic?

JV with Panasonic hurts SIAEC’s revenue for 2Q12

The company reported a slight decline in revenue to S$272m as work is outsourced to another firm.

SMRT profit derailed by high energy costs

Profit for the second quarter of 2011 was down to S$34.1m.

Not so great: Great Eastern profit down to S$40.4m

It’s a plunge from last year’s third quarter profit of S$168.6m.

NOL sinks deeper with US$91.1m loss in 3Q11

The shipping firm’s net losses widened from US$57m in 2Q on the back of a shortened peak season.

Services sector braces for looming threat of bad business

All firms see a negative outlook till March 2012, except for these three sectors.

OCBC reprimanded for its failed online and branch banking systems

OCBC’s busted as MAS found out that the bank did not implement sufficient measures to address single point of failure in its system and network infrastructure.

Maybe third time’s a charm?

Wilmar’s Sucrogen is left with bitter taste in their mouths as the sugar company fails for the second time to get support for the Proserpine acquisition.

Sembcorp Marine ends October with fresh US$300m contract

The FSO contract in Indonesia lifts SMM’s YTD order win to S$3.25b.

Testing times: Economic growth forecast to fall below 3-5% in 2012

MAS expects stalled growth over the next few quarters.

MAS lifts operational risk multiplier imposed on DBS

DBS was censured by MAS last 5 July 2010 after the service outage of its online and branch banking.

Tax talks: Singapore’s 20% tax rate remains among the lowest

The rates have been static for the last 5 years - but for how much longer will this be the case?