UOB posts record profit of US$733mil for first quarter

SINGAPORE: United Overseas Bank (UOB)racked up record-breaking results in the first quarter thanks to a triple treat of higher net interest margins, strong growth in wealth management income and a big drop in bad debt charges. Earnings shot up 21% to a new ... ( read original story ...)

Singapore March factory output up 5.9%, electronics solid

Singapore: Singapore’s industrial production grew slightly more than expected in March from a year earlier as electronics output continued to show strong growth, data showed on Thursday. Manufacturing output in March rose 5.9 percent from a year earlier ... ( read original story ...)

ST Electronics merged STELCOMMS and infocomm unit

STELCOMMS’ staff and assets were moved to STEE-InfoComm. ST Electronics has streamlined its entities through a short-form amalgamation under Section 215D of the Singapore Companies Act. According to an announcement, STELCOMMS Pte Ltd (STELCOMMS ... ( read original story ...)

Singapore’s factory output rises, powered again by tech

SINGAPORE (Nikkei Markets) -- Singapore's factories produced more goods than expected in March, muting concerns of a slowdown especially as the key electronics segment continued to expand. Still, many economists held to the view that the pace of growth ... ( read original story ...)

Beware of phishing email claiming to be from POSB

Several Stompers have recently received an email which claimed to be from POSB, informing them that 'Singapore Banks has been under attack by hackers', and to click on the link provided in order to update their account and to keep their money 'safe'. ( read original story ...)

Qoo10 Moves To Larger Office

"Our focus now is to channel our resources to Singapore market as we see meaningful growth in terms of ROI within the region. Nevertheless, we are prudent in ensuring that markets like Korea, Indonesia, Malaysia, Hong Kong and mainland China remain ... ( read original story ...)