Singapore is set to impose a carbon price as it looks to cut greenhouse emissions to meet its commitments under the Paris Agreement, The Business Times has learnt. The government is now determining the timeline and what form of carbon pricing to take in ... ( read original story ...)
Why Hong Kong property is beating Singapore in wooing Chinese investors
Notably absent was the lack of concrete development plans announced for Singapore this year. The developer does not have a presence in Hong Kong. With rents in Hong Kong's central business district skyrocketing, some companies are setting their sights ... ( read original story ...)
Singapore economy picks up speed in fourth quarter, but Trump threat looms large
SINGAPORE Singapore's economy grew at a faster pace in the final 3 months of last year than initially thought, revised data showed, but the city state faces fresh challenges amid rising concerns of trade protectionism under U.S. President Donald Trump. ( read original story ...)
Tiny Singapore to revamp venture capital rules as it angles for a piece of Silicon Valley’s pie
Singapore, nicknamed the "little red dot," is eyeing a sliver of Silicon Valley's pie, aiming to attract venture capitalists to grow a stable of start-ups in the regional financial hub. Earlier this week, the Monetary Authority of Singapore (MAS ... ( read original story ...)
Singapore Is a Good Bunker Market to Be in for the Right Players: Cosulich
In addition to generally difficult global market conditions, bunker suppliers in Singapore have to contend with intense competition; nevertheless, it is still a good bunker market to be in for the right kind of players, Fratelli Cosulich CEO Timothy ... ( read original story ...)
Singapore economy speeds up in Q4, government warns of U.S. policy risks
SINGAPORE Singapore's economy grew at a faster pace in the final three months of last year than initially thought, but the government warned the outlook remained hostage to policy and protectionist risks in the United States. That uncertainty was reflected ... ( read original story ...)
Singapore fourth quarter GDP growth revised sharply higher as manufacturing surges
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 ...)