News

ST Engineering drops plan to buy PEMCO

ST Engineering drops plan to buy PEMCO

Certain closing conditions could not be fulfilled by the seller.

ComfortDelgro to benefit from taxi supply cut

Its Singapore taxi operation is expected to contribute 21% to its 2012 profit.

CapitaLand enhances balance sheet flexibility

Aside from the establishment of a Note Programme, CapitaLand also announced its acquisition of a London hotel.

Economic slowdown to impact DBS’ loan growth

Management now expects growth of about 10%, down from 13%, partly due to decelerating trade finance business.

Chart of the Day: Retail expects drop in business volume

This is mainly because of the decrease in promotional activities as compared to the quarter that had the Great Singapore Sale.

Single mobile wallet launched for Singaporeans

Pay Citibank, DBS, EZ-Link, M1, SingTel and StarHub bills through NFC-enabled phones.

More than 1 in 4 Singapore flights flew late

An embarassing 27.44% flights from Changi Airport had 15-29 minutes delay.

Tiger Airways now fourth best on-time airline in Asia

Singapore's budget carrier is the best non-Japanese airline with 92.10% on-time flights.

OCBC's deteriorating asset quality finally recovers

Absolute non-performing loans declined 13% in 2Q12.

Sembcorp Marine to operate 2 in 4 new dry docks by 2Q13

The remaining two docks will be operational by early 2H13, says CIMB.

Two reasons why DBS hit record profits in 1H12

Limited asset-quality problems and cost controls overshadowed slower revenue growth.

It’s decision time for F&N

The make-or-break day for Heineken’s takeover bid has come.

Agressive regional expansion by banks fraught with risks

S&P warns banks in Singapore, Hong Kong, and Malaysia from overly agressive expansion that could weaken their credit profiles.

Top 9 foreign groups forming business in Singapore

Britain tops the list and guess who are those catching up.

'Serious enquiries' deluge Sembcorp Marine

Enquiries across the board expected to add to the group’s current order book of S$6.6b, said OCBC.