News
HSBC’s pre-tax profit up 16% to US$6.8b in H2 2011
And Singapore delivered pre-tax profit of US$327.
HSBC’s pre-tax profit up 16% to US$6.8b in H2 2011
And Singapore delivered pre-tax profit of US$327.
“The litigation is wholly without merit”: Citigroup
Citigroup’s Singapore unit denied wrongdoing after an 88-year-old partly deaf client claimed he was misled by his banker.
Ka-ching! Tourist retail up 35.7% to an incredible $4.98b
But continued appreciation of Sing dollar may impact inbound tourist numbers as well as spending.
Asia’s rising middle class to reach an amazing 1.7b in 2020
And you’ll never guess what you can find in their shopping bags.
Radiant real estate: 70% of investors to expand property portfolio
And 68% expect higher market returns over the next 12 months.
Singtel takes 3-year lease at JCube for $1.4m
And Temasek will also take up additional office space at The Atrium@Orchard, according to CapitaMall Trust.
Turbulent flight: SIA’s earnings outlook for 2012 to remain grim
Blame it on global economic weakness and high jet fuel prices.
Electronics PMI may have dropped to 50.4 in June
Standard Chartered also expects Singapore's PMI to have eased to 50.3 in July.
Sinking ship? COSCO profit down 53.4%
The turbulent ride was due to higher income tax expense and lower profit contributions from dry bulk shipping and shipyard operations.
DBS sets up US$5bn Euro-Commercial Paper Programme
Proceeds to be used for the general business purposes of DBS and its subsidiaries.
SGX securities market begins whole-day trading
Monday’s trade from 12.30pm to 2.00pm generated $110mn, contributing to 6.4% of the day’s trading.
HSBC to cut 25,000 jobs by 2013
And it will exit operations in 20 countries as it looks to save billions of dollars.
Wealthy Singaporeans: 85% of travellers splurged on a leisure trip this year
And 23% said they even made more than three trips in the past 12 months.
Countless credit: Loans in Singapore reached a whopping $374b in June
Guess which sector was in dire need of cash and accounted for 56% of the total loans?
Beverage company director busted for tax fraud
Suharry Bin Abdullah should stay sober in the next 4 months as he serves his sentence in jail.
Tiger Airways’ Aussie planes to remain grounded until August 3
The LCC said it will automatically refund all passengers booked to fly between August 1 and 4.
5% of manufacturers threatened by a ‘deteriorating’ industry
But a weighted 17% expect business conditions to improve in H2 2011.
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