News

Private home sales drop 20% in October

Private home sales drop 20% in October

As the number of transactions dipped to 1,638 from the record high of 2,064 in September.

The eyes have it: Asians ditch glasses rapidly for contact lenses

GfK reports that the contact lens industry grew by 15% to USD615m.

Who lost S$2.8m in Olam’s commodity financial business?

It recorded a quarterly loss of S$2.8m versus 1QFY11’s S$4.4m profit.

Tax talks: 75% of companies worldwide shocked by more aggressive tax audits

Better beware as 97% of tax administrators say they will increase focus to scrutinize tax transactions in the next three years.

M1 vows to fight $300,000 IDA fine

The Telco says IDA got its facts wrong and refutes the IDA's findings.

ComfortDelGro profit up 12.5% to $69.1m

Its 3Q $877m revenue would have been stronger had it not been for the negative translation effect of the weaker Sterling Pound, Renminbi, and Dong.

Commercial investment sales plummet 53.1% to S$848.3m in 3Q11

The sector accounted for 18.8% of total investment sales in the quarter.

Tiger Airways slammed by $50m loss

Being grounded down under was a major blow for the struggling upstart.

Junkets could be approved in Singapore soon: RWS management

Latest feedback from Singapore government leaves RWS management hopeful of obtaining junkets licensing sooner rather than later.

Singapore women aged 18-25 prefer blog shopping

According to a release, Friday night saw the first blogshop fashion show ever staged in Singapore. Hosted by LiveJournal.sg, the event attracted over 200 guests including top bloggers and blogshop owners as well as local celebrities, online business executives and the media. Blogshops that showcased clothes and accessories in the fashion show inside the nightspot Butter Factory included DressaBelle, My Glamour Place, Momoteapot, Wonderstellar, FashPash, and Rashonal.

Wow! Singapore casino market now worth $5.8b a year

But Resorts World Singapore is losing out rapidly to Marina Bay Sands.

Non-oil domestic exports may drop 6.8% in October

It seems like the economic outlook for the fourth quarter won’t be pretty.

Singapore’s retail sales may hit 5.6% in September

Standard Chartered expects retail sales to have remained strong as credit-card spending was up 10.3%.

SBS Transit profit down 16.4% to $10.7m

SBS Transit profit down 16.4% to $10.7m

Residential investment sales plunge 50.4% to S$2.20b in 3Q11

However, this sector still accounted for the highest share of 48.6% in total investment sales.