Singapore

Singapore’s total exports grew in October by 20 per cent y-o-y from 18 per cent in September. It also grew by 3.2 per cent m-o-m from -4.2 per cent in September. Importantly, non-oil domestic exports or NODX, a better gauge of external end-demand, also gained pace, up by 35 per cent y-o-y from 23% in September. According to the HSBC Research Global, this was well-above its forecast of 26.4% y-o-y and that of consensus 26.6 per cent y-o-y.

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.

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.

Core central region led sooner-than-expected sales recovery, following a 27% fall after 15 September 09.

R&D projects to enhance the quality of used water and produce industrial grade water.

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.

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.

Leif Eskesen will assume responsibility for macroeconomic research on India and Singapore, and will coordinate HSBC’s economic research team for ASEAN markets.

Property buyers ignore cooling measures and snap houses with 1,587 private transactions in October, up from just 911 in September.

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.

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.

The group intensifies execution of five-pronged business strategies after as it attributes difficult business conditions for lacklustre performance.

Experience in CapitaLand and Singapore Economic Development Board eyed to fill in vacuum filled by his predecessor, Jimmy Tay.

Forms joint venture with Republic of Gabon to set up a port-based ammonia-urea fertilizer complex.

Revenue increased 5.2% to $823.4mln with increases coming from almost all business segments as overseas businesses accounted for 42.5% of total revenue.

The PM said it is more realistic to expect a 3-5% growth in the medium term for 2011 as Singapore is unlikely to achieve a repeat of the double-digit growth it is experiencing this year.