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Month: February 2019

Posted on 23/02/2019

Johor royal family’s Singapore ancestral property inspired ‘Crazy Rich Asian’, says report

JOHOR BARU, Feb 21 — The palatial property that inspired writer Kevin Kwan's Crazy Rich Asian books is owned by the Johor royal family, Bloomberg reported today. Known as Istana Woodneuk, it is an aba... ( read original story ...)

Posted on 23/02/2019

Singapore foils man’s attempt to smuggle contraband cigarettes in bread loaf

said in a Facebook post on Wednesday.There was also a packet of contraband cigarettes in his pocket and another concealed in the padding of his motorcycle helmet.The ICA said that the case has been re... ( read original story ...)

Posted on 22/02/2019

UOB is RHB’s top pick when it comes to local banks

... (Feb 22): United Overseas Bank is the top pick for Singapore banks, says RHB Research which believes the share price weakness after the results release offers a good entry point. UOB has also decl... ( read original story ...)

Posted on 22/02/2019

Google launches new developer space; Initiative set to boost Singapore’s digital capabilities

SINGAPORE: Technology giant Google launched a developer space on Friday (Feb 22) at its Singapore headquarters that will allow developers, entrepreneurs and community groups to network, train and grow ... ( read original story ...)

Posted on 22/02/2019

Asia’s surging fuel exports depress refining industry profits

The surge in fuel exports combined with a 25 percent jump in crude oil prices so far this year has collapsed Singapore refinery margins, the Asian benchmark, from more than $11 per barrel in mid ... ( read original story ...)

Posted on 22/02/2019

This Singaporean company hopes to disrupt mobile advertising in India by bypassing the need for Internet connectivity

Novosol is a Singapore-based mobile advertising platform company that uses a platform called moLotus to deliver media rich messages to consumers without being dependent on data or another application. ... ( read original story ...)

Posted on 22/02/2019

Singapore bank expects China slowdown to hit growth in loans

Singapore lender Oversea-Chinese Banking Corp reported a 9 percent increase in customer loans in 2018. That growth rate is expected to moderate this year amid greater uncertainties in China and global... ( read original story ...)

Posted on 22/02/2019

UOB posts record net earnings for 2018, lower Q4 profit amid market uncertainties

SINGAPORE: United Overseas Bank (UOB) on Friday (Feb 22) reported record net earnings of S$4.01 billion for the full year of 2018, the bank said on Friday (Feb 22). Total income rose 6 per cent to S$9 ... ( read original story ...)

Posted on 22/02/2019

Singapore HIV data leak shakes a vulnerable community

The bad news was that she had tested positive ... Joyce spent the next few years in and out of Singapore's Communicable Disease Centre, where she saw some of her fellow patients die. As a permanent re... ( read original story ...)

Posted on 22/02/2019

GAP to transfer its property agents to PropNex Realty

PropNex further strengthens its position as Singapore’s largest listed real estate agency with over 7,500 salespersons. Global Alliance Property (GAP), which operates under the Century 21 franchise, h... ( read original story ...)

Posted on 22/02/2019

How Singapore Budget 2019 Could Impact Property and Home Ownership

The DRC, which measures to the total number of foreign to local employees in a workforce, will be reduced. It will fall from 40 per cent to 38 per cent from 1st January 2020, and then fall to 35 per c... ( read original story ...)

Posted on 22/02/2019

Singapore lender OCBC’s quarterly profit falls 10 percent, misses estimates

The Oversea-Chinese Banking Corp reported a 10 percent drop in quarterly profit on Friday, missing market estimates. Singapore's no. 2 listed bank was hit by a subdued performance in its insurance bus... ( read original story ...)

Posted on 22/02/2019

OCBC reports 11% rise in FY18 earnings to $4.49 bil on banking ops

SINGAPORE (Feb 22): Oversea-Chinese Banking Corporation (OCBC Bank) reported earnings of $4.49 billion for the FY18 ended Dec, up 11% from $4.05 billion a year ago. This was driven by record earnings ... ( read original story ...)

Posted on 22/02/2019

Singapore lender OCBC’s fourth quarter profit falls 10 percent, cautions on economic growth

SINGAPORE (Reuters) - Oversea-Chinese Banking Corp Ltd warned of slower economic growth after Singapore’s second-biggest listed lender missed market estimates with a 10 percent drop in quarterly ... ( read original story ...)

Posted on 22/02/2019

Singapore lender OCBC’s Q4 net profit falls 10 pct, misses estimates

SINGAPORE, Feb 22 (Reuters) - Singapore’s Oversea-Chinese Banking Corp Ltd missed market estimates by reporting a 10 percent drop in quarterly profit on Friday, hit by a subdued performance in its ins... ( read original story ...)

Posted on 22/02/2019

Export data ‘very worrying’ for both China, Singapore’s economies

Singapore is feeling the pinch of China's economic slowdown as exports to the mainland collapsed in January. Non-oil exports to China showed a dramatic fall in January, crashing by 25.4 per cent, whil... ( read original story ...)

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