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OCBC posts 5% jump in Q3 profit, beating expectations

Thu, 27 Oct 2016 01:20:38 GMT

Net profit for Singapore's second-biggest bank came in at S$943 million in the third quarter as its insurance and wealth management business powered a 25 per cent climb in non-interest income.

First phase to set up Secondary Gas Trading Market completed: S Iswaran

Wed, 26 Oct 2016 16:15:51 GMT

The Secondary Gas Trading Market aims to give gas buyers and sellers the opportunity to trade gas domestically on a short-term basis. It could also provide more flexibility for gas buyers to manage their portfolios, and to encourage better price discovery. 

A new office and still hiring: Harman International bets big on Singapore

Wed, 26 Oct 2016 12:37:01 GMT

The New York-listed company has invested “a seven-digit number” into a new office in Singapore, which serves as its Asia-Pacific headquarters, and is actively hiring to expand its local team.

Consumer prices fall for 23rd straight month in September, but pace still slowing

Mon, 24 Oct 2016 15:04:00 GMT

Consumer price index (CPI) fell 0.2 per cent last month, compared to 0.3 per cent the month before, which mainly reflected the smaller decline in private road transport costs and, to a lesser extent, higher food inflation. 

Rent not expected to rise with JTC taking over industrial properties: Koh Poh Koon

Fri, 21 Oct 2016 15:25:46 GMT

The Minister of State for National Development said the rent policies of the two agencies have been relatively aligned over the years. 

Singapore rig builder Keppel cuts jobs as profits slump

Thu, 20 Oct 2016 14:30:38 GMT

Senior managers have also taken voluntary pay cuts and there are plans to trim directors' fees as the conglomerate anticipates further cuts, the company said in a statement.

SGX posts 16% drop in Q1 profit

Wed, 19 Oct 2016 14:48:17 GMT

The bourse's total revenue for the quarter was S$191 million, down 13 per cent from a year earlier. 

German firm Evonik to invest S$761m in second Singapore plant

Wed, 19 Oct 2016 14:50:04 GMT

The Me6 plant on Jurong Island is slated to be completed by 2019, and will be Evonik's sixth global methionine facility. 

From cranes to hypercars, family-run SME changes it up with new generation

Wed, 19 Oct 2016 03:55:25 GMT

The founders of Wong Fong are handing the reins to their children to go forth and disrupt the status quo of its S$70-million-a-year business - and the industry.

Infrastructure investment a new vector for globalisation: World Bank

Mon, 17 Oct 2016 14:54:21 GMT

World Bank said infrastructure investment is a valuable source of long-term income streams that can help to address global challenges of an ageing population and lower levels of private investment.