In Focus

Blame it on the biomedical manufacturing cluster which saw a 22.6% year-on-year decline. Under this cluster the pharmaceuticals segment declined 23.6% as a result of a different mix of active pharmaceutical ingredients being produced.

But its Malaysian competitor is not worried, saying businesses should stick to what they know best.

It is a stunning figure only revealed yesterday, and brings in to question the strategy and even viability of its operations downunder.

The decrease was arrived at after removing the price effect.

This after US equity markets ended lower overnight.

At the swearing-in of the new cabinet, Mr S R Nathan urged “all Singaporeans to come together and help build a better future” for the nation.

OCBC branches at SMU and NTU being renamed "FRANK" - no, really.

Court of Appeal has junked the case involving two European banks who appealed to recover a total of $59 million taken by former APB finance manager Chia Teck Leng.

Tharman Shanmugaratnam retains his finmin position as three ministers retire from the Cabinet.

Financeasia.com news website has polled institutional investors and other fund managers on which companies they reckon are the best managed in Singapore.

AXA, one of the world's leading insurance providers which launched the first motor claims iPhone application last year in Singapore, now extends the service on android starting here and in Hong Kong to the rest of Asia. This, as AXA sees explosive growth in the use of technology in the region over the next five years.

The acquisition of 17 new trains is part of the huge capex the transportation services company will undertake next year.

The 17% who view a favorable second quarter is smaller than the net weighted balance of 36% registered in the same period of the previous year.

Customs officials remind Singaporeans and travelers returning from their overseas breaks to declare taxable products such as liquor at the airport or pay a $300 fine for the bottle.

The reduction in roaming rates would slice off Singapore mobile revenue by 1-2% compared to an estimated 0.5%-0.9% for Malaysian telcos, DMG Research said.

Inflation for the first half of 2011 is expected to remain elevated at 4.7 per cent, said DMG.