Stresses for Singaporean Energy Firms Deepening, OCBC CEO Says

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’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 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 ...)