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Uh-oh! Coscos books another S$74.7m -worth of loss provisions in 4Q
Uh-oh! Coscos books another S$74.7m -worth of loss provisions in 4Q
The amount which is as huge as the previous 9-month provision of S$75.7m has analysts worried.
ST Eng’s marine arm saw revenues drop by 68% in 4Q11
Blame it on the terminated Ropax ferry contract, says DBS.
UOB’s FY11 net profit disappoints market expectations
But the corporate banking business is seen to drive UOB’s growth in FY12.
Production to be dented by the Lunar New Year effect: DBS
Industrial production index is seen to have contracted by 0.7% in January.
Card skimmers attack DBS Singapore
DBS reports a total of SGD23,000 worth of unauthorized withdrawals last Sunday, Feb 19.
COE premiums’ dissipating low base effect drives easing inflation
Transport CPI inflation moderated sharply from 10% to 3.5%.
Singaporeans could expect a 15-20% salary increase in 2012
Employees in Singapore, amongst those in Asia projected to receive high salary increases.
Chart of the Day: Headline Inflation and Main Components
Headline inflation in Jan fell below the 5% level, the first time in eight months.
Currency Briefing - what you need to know for Fri Feb 24, 2012
The US dollar weakened against the G10 amidst downward pressure on risk assets including many Asian currencies.
Singapore Markets Morning Briefing - what you need to know for Fri Feb 24, 2012
Overnight there was improvement in risk sentiment across Europe and the US.
Caution raised for new CCT residential site
The 20 Anson Road site will have a rental upside but not as lucrative as it seems, says DBS.
NOL cruising into riskier waters: DBS
This year it will struggle with higher oil prices, wobbly rate hikes and questionable profitability.
Genting Singapore may fund new overseas venture
DBS believes the company will issue perpetual bonds and use it to invest abroad.
Capacity cuts by SIA Cargo only a stopgap
The new 20% reduction in freighter capacity can alleviate the losses but it won't be enough, says DBS.
Cosco’s net profit plunges 44% to $139.7m in 2011
As turnover from its dry bulk shipping business plummeted by more than 50% due to lower charter rates.
Sembcorp Marine’s net profit plunges 13% to $752m in 2011
As its rig building projects weren’t so profitable in 2011.
ST Engineering’s net profit jumps 7% to $527.5m in 2011
Except for its Marine segment, which suffered from a $164m loss, all segments recorder higher revenue in 4Q11.
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