Singapore

Revenue increased 5.2% to $823.4mln with increases coming from almost all business segments as overseas businesses accounted for 42.5% of total revenue.

The PM said it is more realistic to expect a 3-5% growth in the medium term for 2011 as Singapore is unlikely to achieve a repeat of the double-digit growth it is experiencing this year.

Singapore might be trailing behind Japan in terms of technology, workforce competitiveness and quality of education, but the city state remains the top choice of job seekers and investors for growth opportunities.

DBS Bank predicts a 5% growth for the economy this quarter but says Singapore is still poised to meet its full year GDP growth forecast of 15% due to activities in the services and construction sectors.

Asia, the world’s largest continent with 47 countries and approximately four billion people, has emerged as a major real estate investment destination in recent years. From a strategic standpoint, Asia provides higher long-term returns, diversification and unique opportunities driven by strong long-term demand, which is fuelled by fast growing economies, rapid urbanization, and increasing personal income.

 The bank said the 18%QoQ saar (10.8% YoY) GDP dip for the quarter is an upward revision from the advance estimates (-19.8% QoQ saar, 10.3% YoY) given the better than expected industrial production growth in September.

“Ultimately, members will look to their pension fund to provide the strategies and products they need for a secure and enjoyable retirement lifestyle. So it’s up to the industry in every market to think about the best way to deliver that, through whole-of-life strategies that respond to individual needs and situations.”

The ratings agency said that rated non-financial corporates ave been building their positions for expansion, acquisitions and liquidity despite noises over global economic conditions.

The two exchanges will jointly launch metal contracts in aluminium, copper and zinc on SGX on 15 February 2011.

Gross loans in Singapore operations now constitute 19.3% of the bank's total loans globally, compared with 19% in September 2009.

The property development and investment firm's revenue rose 18.5% to S$82.6 million from S$69.7 million in the half year ended September 30, 2009. Net profit attributable to shareholders surged 162.6% to S$58.8 million in 1HFY2011 from S$22.4 million in 1HFY2010.

STX Offshore and Specialised Vessels (STX OSV) Holdings Limited, will be listed under the ticker symbol "STXOSV".

Growth in four business segments contributed to the group’s sales volume surge as key strategic initiatives worked out.

The group’s Construction and Building Materials division primary contributor to 14% increase in revenue behind upbeat economy and positive sentiments for the construction sector.

Revenue grew 26% to S$2.5bln as the group attributes growth to IndoChina region’s contribution, accounting for 48% APB’s PBIT.

M1 customers can now access 1box’s Internet on TV, while using social networking sites.