Singapore Business News

SingTel net profit up 24%% in third quarter

AFP - Wednesday, February 10

SINGAPORE (AFP) - - Singapore Telecom said Tuesday that strong gains in its home market and Australia helped it post a 24 percent jump in net profit in the third quarter. More »

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Singapore phone company 4Q profit rises 24 percent
AP - Tuesday, February 9
SINGAPORE - Singapore Telecommunications Ltd. said its profit rose 24 percent last quarter, boosted by higher income from its local and Australian businesses.
Singapore LNG terminal ready in 2013
Reuters - Tuesday, February 9
* Samsung C&T beats 4 other bidders for engineering contract
Temasek plans $704 mln bond offering
AFP - Tuesday, February 9
SINGAPORE (AFP) - - State-linked Singapore investment firm Temasek Holdings said Monday it was planning a bond offering worth one billion Singapore dollars (704 million US) as part of its capital-raising programme.
Sharp rise in illegal loans: Singapore police
AFP - Monday, February 8
SINGAPORE (AFP) - - Illegal loans rose almost 60 percent last year as Singaporeans reeling from the economic crisis turned to loan sharks to tide them over the tough times, a senior police official said Monday.
Singapore approves license for first casino
AP - Sunday, February 7
SINGAPORE - Resorts World Sentosa was issued a license Saturday to operate Singapore's first casino, the city-state's regulators said.
New DBS chief says bank will focus on Asian business
AFP - Friday, February 5
SINGAPORE (AFP) - - Southeast Asia's biggest bank, DBS Group Holdings, will focus on its Asian business in the next five to 10 years to tap the region's growing affluence, the group's new chief executive said Friday.
Singapore's DBS bank 4Q profit jumps 79 percent
AP - Friday, February 5
SINGAPORE - Singapore lender DBS Group Holdings Ltd. said profit increased for a second quarter, jumping 79 percent due to higher stock broking and investment banking fees and a growing loan portfolio.
US firms eye Asian market as China threatens sanctions
AFP - Wednesday, February 3
SINGAPORE (AFP) - - US firms remained bullish on the Asian market as an international aerospace trade show opened Tuesday under the shadow of a US-China spat over Washington's arms sales to Taiwan.
Singapore Airlines returns to profit in Q4
AP - Wednesday, February 3
SINGAPORE - Singapore Airlines Ltd. said it posted a profit in the October-December period after two quarters of a losses as travel and tourism began to recover.
Singapore's richest man dies at 82
AFP - Tuesday, February 2
SINGAPORE (AFP) - - Property tycoon Ng Teng Fong, listed by Forbes business magazine as Singapore's richest man with a fortune of more than eight billion US dollars, died Tuesday, his flagship company said.
Lockheed Martin to roll out new laser-guided bomb
AFP - Tuesday, February 2
SINGAPORE (AFP) - - US defence giant Lockheed Martin said Tuesday it will roll out by the middle of the year an improved laser-guided bomb that can strike targets with more accuracy and less collateral damage.
Singapore must limit foreign workers, panel says
AP - Tuesday, February 2
SINGAPORE - Singapore must limit the influx of foreign workers and develop the skills of its own population to keep one of Asia's richest countries growing, a top-level commission said Monday.
Singapore must limit foreign workers, group says
AP - Tuesday, February 2
SINGAPORE - Singapore must limit the influx of foreign workers and develop the skills of its own population to keep one of Asia's richest countries growing, a top-level commission said Monday.
FACTBOX-Key recommendations of Singapore econ committee
Reuters - Monday, February 1
SINGAPORE, Feb 1 (Reuters) - Singapore's economic strategies committee helmed by Finance Minister Tharman Shanmugaratnam released recommendations on Monday to help the city-state expand its economy in the next decade.
Singapore's OCBC boosts private banking business
AFP - Friday, January 29
SINGAPORE (AFP) - - Singapore's Oversea-Chinese Banking Corp (OCBC) said Friday it had completed its purchase of Dutch lender ING's Asian private banking business, boosting its clout in the sector.
Singapore unemployment falls as new casinos hire
AP - Friday, January 29
SINGAPORE - Singapore's unemployment rate fell sharply in the fourth quarter as the developers of two casinos set to open soon in the city-state began hiring.
Singapore Dec bank lending up 1.12 pct from Nov
Reuters - Friday, January 29
SINGAPORE, Jan 29 (Reuters) - Total bank lending in Singapore rose to S$281.3 billion ($200.4 billion) in December from S$278.2 billion in November and from S$275.4 billion in October, central bank data showed on Friday.
Low-budget airline Jetstar signals big expansion
AFP - Friday, January 29
SINGAPORE (AFP) - - Qantas affiliate Jetstar on Thursday picked Singapore as its Asian hub and signed a 3.5-billion-dollar deal to use greener engines under an ambitious expansion into long-haul discount flights.
Oil rig builder Keppel posts $1.3 billion profit
AP - Thursday, January 28
SINGAPORE - Singapore's Keppel Corp., the world's largest builder of offshore oil rigs, said its 2009 profit rose 15 percent to $1.3 billion, boosted by a gain on the sale of its petroleum business.