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DBS 4.70% preference shares offer more than 3.5 times subscribed
Offer attracts total applications amounting to more than S$1.8bln behind strong retail demand.
DBS 4.70% preference shares offer more than 3.5 times subscribed
Offer attracts total applications amounting to more than S$1.8bln behind strong retail demand.
Singaporean real estate benefits from improving economy
The cash flow from properties backing Singaporean CMBS has been strong, an ongoing trend thus far in 2010. Accordingly, there are no Moody’s rating implications on outstanding transactions.
OCBC confirms PM Lee's gloomy forecast for 2011
The bank is keeping its 4-5% growth prediction for the economy even as it revised its 3Q GDP growth to 10.6% yoy (-18.7% qoq), versus advance estimate of 10.3% yoy (-19.8% qoq).
Drugs inject life into Singapore economy in 3Q
Output in September rose by a solid 26.2% YoY on account of the rebound in pharmaceutical production although the final 3Q10 GDP growth saw the economy contracted by 18.7% QoQ saar (10.6% YoY).
DBS Bank opens Ho Chi Minh branch
Branch to meet increasing demand for banking services as companies expand in Vietnam and across Asia.
IE Singapore and JETRO keen on setting up third country collaboration in India
Global investors’ shift of interest to Asian developing nations and India’s position to become the third largest economy by 2050 prompted the team-up.
Car sales in Singapore on a downhill
Sales of motor vehicles continue to tumble as the industry posted a 17.4% y-o-y decline in September due to the short supply of certificates of entitlement.
Ezra buys US$250mln fabrication facility in Houston
Well-equipped 650,000 sq.ft. yard in the US allows the company to expand engineering activities in the West.
SingPost sees service delays in the US behind security measures
The company advises customers to post their items earlier, especially on holiday season.
Dairy craving in ASEAN propels Etika's 7.2% profit jump for FY2010
Profit attributable to equity holders rose from RM4.5 million to RM66.2 million due to increasing demand in dairy products from Malaysia, Vietnam and the Philippines.
Sembcorp Marine closes US$195M contract with Transocean Ltd.
PPL Shipyard will sell a jack-up rig, already under construction, to the world’s largest drilling contractor leading provider of drilling management services worldwide.
URA October monthly sales up 16% to 1,058 units
Core central region led sooner-than-expected sales recovery, following a 27% fall after 15 September 09.
Tiger Airways lures in 1.6m new passengers for 2010
From November 2009 to October 2010, a total of 5.6 million passengers flew with the budget carrier, an increase of 39% over the 4.0 million passengers in the preceding 12 months.
SGX pioneers OTC clearing for financial derivatives in Asia
Nine banks were admitted as SGX Bank Clearing Members for the clearing of OTC traded financial derivatives products, which started with clearing of interest rate swaps.
It's just a one-time boost, not a boom: October jump in private home sales won't last until December
Property buyers ignore cooling measures and snap houses with 1,587 private transactions in October, up from just 911 in September.
Colliers International puts Bukit Timah properties up for sale
The residential site at Serene House will be sold via public tender while offers for the commercial/Residential Development at 10 Serene Centre should be made via Expression of Interest.
Tiger forms new subsidiary, doubles fleet as part of its big leap
On top of revitalizing the content of its website—now a business unit by itself— the airline is also set to grow its current fleet from 21 to 43 by March 2013.
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