OCBC was the first of Singapore’s three large banks to report quarterly profit. United Overseas Bank Ltd. is due to post its results on Friday, while earnings from DBS Group Holdings Ltd., Southeast Asia’s largest lender, are scheduled for Oct. 31. ( read original story ...)
OCBC posts 5% jump in Q3 profit, beating expectations
SINGAPORE: The Oversea-Chinese Banking Corp (OCBC) beat estimates with a 5 per cent rise in quarterly profit in the third quarter of the year, helped by gains from its insurance and wealth management units, according to its financial results released on ... ( read original story ...)
Singapore loses mantle as world's easiest place to do business: World Bank
But who wants to work in new number one, New Zealand? Singapore has conceded its number-one ranking to New Zealand on ease of doing business despite numerous efforts, World Bank study found. In the annual 'Doing Business' report, Singapore was pushed out ... ( read original story ...)
UPDATE 2-Singapore awards LNG import licences to meet future demand
SINGAPORE, Oct 24 Pavilion Gas and Shell Eastern Petroleum have been appointed as importers of liquefied natural gas (LNG) into Singapore, the trade minister said on Monday, as the city-state gears up to take more LNG. Singapore, which relies almost ... ( read original story ...)
Singapore’s economy may not grow soon: MAS
SINGAPORE: The local economy “is not expected to pick up ... will be largely supported by domestic consumption which tends to be less import-intensive, it noted. In Asia, a similar story of domestic demand cushioning growth amid flagging exports is ... ( read original story ...)
Singapore to scale up halal food exports
SINGAPORE: Singaporean Deputy Prime Minister Tharman Shanmugaratnam has recently announced the start of a hub to get the country’s firms into the global halal food market, Straits Times reported. Speaking at a charity gala dinner held by the Singapore ... ( read original story ...)
Singapore awards Pavilion, Shell LNG import permits
Singapore’s Energy Market Authority (EMA) selected Pavilion Gas and Shell as importers of the next tranche of LNG for Singapore. The two companies have been awarded the license each through a two-stage request for proposals (RFP) process carried out to ... ( read original story ...)
Singapore considers more spot LNG imports, developing domestic gas trading market
Singapore has joined the International Energy Agency (IEA) as an association country, the city-state's trade minister said on Monday. Singapore, which relies nearly exclusively on natural gas for electricity generation, now receives takes the bulk of its ... ( read original story ...)
Singapore awards two new LNG import licences to meet future demand
"Singapore fully supports the IEA's new vision to expand its outreach to emerging economies, particularly in Asia", said S Iswaran, Singapore's Minister for Trade and Industry. Singapore, which relies nearly exclusively on natural gas for electricity ... ( read original story ...)
Global oil demand growth seen steady despite China import gain: IEA
SINGAPORE Global oil demand will rise by 1.2 million barrels ... China - the main pillar of demand growth in recent years - will further increase its imports because of declining domestic crude production caused by lower prices. "China continues to be ... ( read original story ...)
New LNG imports to bring to Singapore gas from US, Australia and Russia, among others
THE start of the new tranche of liquefied natural gas (LNG) imports next year will bring to Singapore gas from the US, Australia, Norway, Russia, Qatar and Brunei. These countries are part of the global LNG supply portfolios of Pavilion Energy and Shell ... ( read original story ...)
MOH reviewing key healthcare services law to keep up with technology
SINGAPORE — In a move to ensure that Singapore’s regulatory ... that the review was a way to “keep pace” with the rapid advances in medicine and health technology, as well as “new and changing modalities of services, and the profile and needs ... ( read original story ...)
Singapore office investors under no pressure to sell:CBRE
No discounts on offer for investors as pricing hap exists. The property firm noted that office yields in Singapore were flat but fundamentals remained weak. "However, vendors were under no pressure to sell, especially at discounted prices. The period saw a ... ( read original story ...)
Singapore sees more job seekers than vacancies since 2012: MAS
PMETs accounted for more than two-thirds of the lay-offs. It is indeed worrying that there are more people in Singapore looking for jobs than the number of available career posts, probably due to the subdued demand for labour and ongoing restructuring in ... ( read original story ...)
Singapore September factory output exceeds forecasts, weak demand clouds outlook
SINGAPORE Singapore's industrial production unexpectedly surged in September, raising the prospect of an upward revision to third-quarter gross domestic product, although the outlook remains clouded by sluggish global demand. Manufacturing output rose 6.7 ... ( read original story ...)
Insider Doubles: Can Garcia & Mladenovic Take No.1 From Mirza In Singapore?
SINGAPORE - A stormy Tuesday evening set the stage for an exciting doubles draw ceremony at the BNP Paribas WTA Finals Singapore presented by SC Global. By Sunday, only one of the eight pairs will walk away with the Martina Navratilova Trophy, but four ... ( read original story ...)