SINGAPORE Singapore's fourth-quarter economic growth was revised higher on Friday, helped by a sharp rebound in manufacturing, though there is heightened uncertainty about the outlook amid concerns about trade protectionism under U.S. President Donald Trump. ( read original story ...)
Singapore economy grows 2% in 2016, helped by strong Q4
SINGAPORE: Singapore's economy expanded 2 per cent last year, propped up by a strong showing in the fourth quarter as manufacturing output surged, according to data released by the Ministry of Trade and Industry (MTI) on Friday (Feb 17). The full-year GDP ... ( read original story ...)
Local universities roll out common course on Singapore's future
SINGAPORE: To prepare the next generation of citizens for the challenges that the country will face, a course named Singapore: Imagining the Next 50 Years will be offered across all six universities here. It was rolled out in at the National University ... ( read original story ...)
Singapore’s ST Telemedia expands datacentre footprint
ST Telemedia Global Data Centres (STT GDC) has opened three co-location facilities in Singapore, making it the latest communications service provider to invest in the country’s burgeoning datacentre space. By submitting your personal information, you ... ( read original story ...)
UOB's Q4 net profit fell 6.2% amid hit from oil industry exposure
Singapore's United Overseas Bank (UOB) reported on Friday its earnings for the fourth quarter slipped 6.2 per cent on-year to S$739 million. For the quarter, net interest income was stable at S$1.28 billion, with strong loan growth offset by a 10 basis ... ( read original story ...)
UOB Q4 profit drops 6%, better than expected, on lower total provisions
SINGAPORE - United Overseas Bank ... and the S$730.2 million forecast in a Bloomberg survey. UOB's net profit for the three months to Dec 31, 2016, came in at S$739 million from S$788 million a year ago, as revenue slipped 2.5 per cent to S$2.03 billion. ( read original story ...)
Singapore bank OCBC flags oil sector woes as Q4 profit hits 3-yr low
SINGAPORE (Reuters) - Oversea-Chinese Banking Corp, Singapore's second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18 percent drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges. ( read original story ...)
Singapore's DBS profit slumps to 2-year low on O&G bad debts
SINGAPORE: Singapore bank DBS Group Holdings posted its lowest quarterly profit in two years as provisions for soured loans to the city-state’s oil services industry surged, and it joined smaller rival OCBC in forecasting more pain for that sector. ( read original story ...)
Singapore's United Overseas Bank Q4 net profit falls 6.2 pct
UOB's CEO, said in a statement. The bank's full year total income was stable at S$8.06 billion. ($1 = 1.4166 Singapore dollars) (Reporting by Anshuman Daga; Editing by Richard Pullin) ( read original story ...)
Singapore exports expand for 3rd straight month in January
SINGAPORE: Singapore's exports rose 8.6 per cent in January from a year ago, buoyed by a sharp rise in shipments to China as well as Taiwan and South Korea, official data showed on Friday (Feb 17). On a month-on-month, seasonally adjusted basis, non-oil ... ( read original story ...)
Singapore exports rise 8.6% in January
SINGAPORE — The Republic's exports fell 2.8 per cent for the full year in 2016, but the outlook for trade this year continued to brighten thanks to last month's surge in shipments to China, Taiwan and South Korea. Trade agency International Enterprise ... ( read original story ...)
Singapore non-oil exports grow strongly for 3rd straight month, up 8.6% in January, as sales to China surge
SINGAPORE - Singapore's export recovery continued in January with shipments of non-oil domestic exports (Nodx) rising 8.6 per cent year on year, more than expected, as sales to China kept growing strongly. This comes on the back of the 9.1 per cent Nodx ... ( read original story ...)
Singapore's top lender DBS reports fall in Q4 net profit, increases allowances for bad loans
... of 2016 fell nearly 9 percent from the year-earlier period to S$913 million ($644 million), the bank said in an earnings release before the Singapore market opens. It set aside S$462 million ($326 million) in provisions for the quarter, up from S$247 ... ( read original story ...)
Lazada Singapore sends Top Five Sellers to Alibaba's Campus
SINGAPORE, Feb. 16, 2017 /PRNewswire/ -- Lazada Singapore is sending five of its top performing sellers to Alibaba's campus in Hangzhou, where they will join a delegation of 34 Lazada sellers from across the region. Led by Lazada Group, the visit will take ... ( read original story ...)
Singapore’s CapBridge Investment Trust launches pre-IPO fund; targets US$100 million
The fund — the first in a series of CapBridge Investment Trust sub-trust funds — wants to give institutional investors greater access to VC-backed companies Growth-stage startups and pre-IPO companies now have a new fund to tap into when raising cash ... ( read original story ...)
Singapore Market May Add To Its Winnings
(RTTNews.com) - The Singapore stock market jumped higher again on Wednesday, one session after it had ended the three-day winning streak in which it had collected almost 45 points or 1.5 percent. The Straits Times Index now rests just beneath the 3,090 ... ( read original story ...)