News

 Fitch Ratings has assigned a final rating of 'A' to the bank's dollar Non-Cumulative Non-Convertible Non-Voting Preference Shares Callable in 2020. This follows the completion of the issuance of the Preference Shares and the receipt of documents conforming to information previously received. The final rating is the same as the expected rating assigned on 14 October 2010.

While Singapore employees can expect a salary increase by 4% next year, a predicted 2.4% inflation rate will pull down the actual wage increase to just 1.6%.

New index enables investors to view the expected dividends of its constituents and to create fresh investment opportunities.

The eco-development is expected to yield 5,000 homes and commercial developments with a total gross floor area of 680,000 sm.

Job placements in Singapore rose by 5.2% in Q310 compared to Q2 but shortage in talent across various fields are driving companies to look for employees overseas.

Despite an unemployment rate of 2.1% in 3Q10, the services sector was able to generate a total of 24,100 new jobs as compared to a loss of about 400 jobs in the manufacturing sector.

Recent changes in the Australian market and differences in legal and regulatory regimes between Australia and Singapore pose execution challenges for the two exchange companies.

OCBC’s revenue momentum remains strong behind loan growth, robust fee revenues, and healthy contributions from Great Eastern and Bank of Singapore.

SIA’s operations to Narita and Haneda airports bring in a total of 47 weekly flights to and from Japan.

Higher development profits and divestment gains drove almost four-fold growth.

The Group’s total expenses up 10.3% to S$104.1mln even as its revenue surged 5.6% to S$137.6mln.

The developer’s S$570mln market capitalization is SGX Catalist’s largest IPO, enabling it to strengthen its market position.

Fear of losing jobs, not saving enough money for the future and economic uncertainty are making young Singaporeans worry about suffering from depression, anxiety and cancer.

A report from Moody’s Investors Service lists currency appreciation and the massive capital inflows for emerging markets as consequences of their rapid economic growth.

Singaporeans might have to put their retirement plans on hold as Minister Lim Boon Heng suggested that Singapore may need to raise its retirement age to 68, like Finland.  

34% of developers surveyed by the latest Real estate Sentiment Index expect prices of new launches to fall, albeit by less than 10% over the next six months.