News

Manufacturing growth forecast at 6% in 2011:OCBC

Manufacturing growth forecast at 6% in 2011:OCBC

OCBC retains their forecast for 2011 manufacturing growth despite the 3.1% yoy decline last month.

SPRING provided $20mn worth of assistance last year

The money was used to assist 69 start-ups through various programmes.

Government suspends import of fruits, vegetables from Kanto Region in Japan

Radioactive contaminants have been detected in another two samples of vegetables.

Changi Airport sees 3.4M passengers sent off in February

Changi Airport saw 3.4 million passengers pass through in February. This is a 9.1 per cent increase from the same period last year and is attributed to the long Lunar New Year weekend. This puts the total passenger movement for the first two months of the year at 7.2 million.

Singapore economy to slow down in 2011:HSBC

HSBC believes Monetary Authority of Singapore will remain in tightening mode.

Singapore's manufacturing output up 4.8% in February 2011

Engineering industry expanded 30.7% y-o-y in February 2011, according to EDB.

Strong investor appetite moves CapitaMall Trust to raise a further $100mn in $350mn bond issue

The lead manager has upsized the option in full due to favourable demand for the convertible bonds.

Radioactive food from Japan detected in Singapore

Singapore said on Thursday it had found radioactive contaminants in four samples of vegetables from Japan.

Open Door Fund to receive $3.5mn for disabled employees

Employers who will be hiring staff with disability can claim up to $100,000 for such expenses incurred.

Production growth to pick up by 12.2%

Industrial activities will see a slight improvement from the 10.5% value in the previous report.

ST Engineering counters termination of contract

LDA's cancellation of contract is a breach so they are cancelling the Ropax contract on the basis of LDA's breach.

Insurance underwriting profits up 4.4%

Singapore's general insurance industry recorded a gross premium income of S$3.03 billion in 2010, up 3.7 per cent from the previous year. This was announced by the General Insurance Association of Singapore.

Singapore industrial real-estate investment trusts' expansion into China poses risk:Moody's

The competition for industrial properties in Singapore is intensifying, said Moody's.

Singapore bank loans to grow by 10%:Moody's

Banks are expected to produce solid profits during the next 12 to 18 months against a backdrop of moderate and sustainable GDP growth.

Inflation forecast at 3.8% for 2011:OCBC

The lower-than-expected February inflation does not affect OCBC's inflation forecast for this year.

Bank of America global commodities staff exodus continues

Two senior executives of BofA have gone from Singapore including some sales staff according to Reuters.

ST Engineering required to pay $129mn

The company could be liable for damages up to 10% of the Ropax contract value.