SINGAPORE (Aug 13): Brokerage house UOB Kay Hian posted 2Q19 earnings of $15.6 million, a 22.4% fall from $20.1 million for the same quarter last year. This was due primarily to lower q-o-q trading ... ( read original story ...)
Singapore cuts growth forecast to almost zero
outlook for the city-state has darkened considerably in recent months as the US and China, its two biggest trading partners, continue to spar over trade Singapore's central business district skyline. ( read original story ...)
Singapore slashes 2019 GDP forecast as global risks expand
Singapore has been hit hard by the Sino-U.S. trade war, which has disrupted world supply chains in a blow to business investment and corporate profits. "Obviously, it feels like the storm is coming if ... ( read original story ...)
Singapore: Downbeat growth assessment – Standard Chartered
Analysts at Standard Chartered notes that Singapore’s final Q2 GDP print expanded by 0.1% y/y (-3.3% q/q SAAR), broadly unchanged from the advance print of 0.1% y/y (-3.4% q/q SAAR). “H1-2019 growth ... ( read original story ...)
Singapore slashes 2019 GDP growth forecast after sharp second-quarter contraction
SINGAPORE (Reuters) - Singapore slashed its full-year economic growth forecast on Tuesday, as global conditions were seen worsening and final second quarter data showed the economy shrank 3.3% on the ... ( read original story ...)
Singapore economy tipped for recession as US-China trade war slams imports, exports, manufacturing
Singapore’s economy has been tipped to enter recession in the third quarter of 2019 as the fallout from the US-China trade war continues to rock the Southeast Asian nation after second quarter growth ... ( read original story ...)
DBS exec: Hong Kong fund flows to Singapore are “overstated”
Singapore — Because of the ongoing political unrest, are the rich folks of Hong Kong really flocking to Singapore? DBS claims otherwise. In an interview with CNBC, DBS chief executive Piyush Gupta ... ( read original story ...)
5 Important Insights DBS Group’s CEO Told Analysts
In DBS’s latest earnings brief, it was no different, with Mr. Gupta once again delivering useful insights. Here are five key things he told analysts. In response to a question on the impact of ... ( read original story ...)
3 Singapore Blue Chips to Enjoy a Secure Retirement
Singapore’s largest bank, DBS Group Holdings Ltd (SGX: D05), is the first company on my list. On top of our city-state, the bank has operations in Hong Kong, China, Taiwan, India, and Indonesia. Being ... ( read original story ...)
Genting Singapore may shell out $1b in FY2019 capex: analyst
As Genting Singapore undertakes $4.5b revitalisation project of Resort World Sentosa, the company may incur around $800m-$1b in related land acquisition costs, according to DBS Equity Research which ... ( read original story ...)
Illiquid Assets Network LiquidX Announces New Partnership With Asian Bank DBS; Expands Singapore Office
LiquidX, a global network for illiquid assets, announced on Tuesday it has welcomed DBS Bank to its network. According to LiquidX, DBS is a financial services group in Asia that has successfully ... ( read original story ...)
Singtel, DBS and CapitaLand top Singapore Governance and Transparency Index in 2019
Amongst REITs and business trusts, CapitaLand Commercial Trust dethroned CapitaLand Mall Trust. Singtel has retained the top position at the annual Singapore Governance and Transparency Index (SGTI) ... ( read original story ...)
China continued Iran oil imports in July in teeth of U.S. sanctions: analysts
SINGAPORE/BEIJING (Reuters ... The upper end of that range would mean July imports still added up to close to half of their year-earlier level despite sanctions. The imports are continuing at a ... ( read original story ...)
Driver caught smuggling birds into Singapore
“As such, NParks strictly regulates the import of animals to prevent the introduction of exotic diseases into Singapore, to safeguard the health and welfare of animals, and to tackle the illegal ... ( read original story ...)
Singapore exports forecast slashed to -9 to -8% for 2019; shipments shrank 14.6% in Q2
SINGAPORE - Singapore’s key non-oil domestic exports (Nodx) sank by double digits in the second quarter, contracting by 14.6 per cent compared to a year ago, Enterprise Singapore said on Tuesday (Aug ... ( read original story ...)
Singapore’s exports fall 14.6% in Q2
SINGAPORE: Singapore's non-oil domestic exports (NODX) fell by 14.6 per cent in the second quarter of this year, as both shipments of electronic and non-electronic exports declined. According to the ... ( read original story ...)