Singapore

Asians spend US$93bln on consumer technology products

Asians spend US$93bln on consumer technology products

GfK Asia sees growing demand for portable electronic devices in Asia as consumer spending jumps 6%.

Maybank Singapore offers below 1% home loan rates

Lender also offers variable rate packages with first year rates starting from 0.8% per annum.

SGX releases proposed Policy Statement on Sustainability Reporting

Seeks feedback on adoption of sustainability reporting and policy guidelines as holistic approach towards corporate disclosure.

APB builds new packaging facility in Vietnam

Improved capabilities and continued investments to augment company’s S$130mln profit in IndoChina region.

Singapore: Difficult to derail 2010 growth momentum

Macquarie Research says with increases in pharmaceutical output capacity and the strong momentum in the service sector that could cushion the fall-out, contraction previously forecast may not come to pass.

Launching: Dorsett Residences and Loft@Nathan

Dorsett Residences' location is adjourning to Outram Park MRT while Loft @ Nathan enjoys close proximity to the Orchard shopping belt.

Eu Yan Sang profit climbs 48% to S$19.3 million

The global healthcare company with a strong foundation in Traditional Chinese Medicine (TCM) increased retail sales in Hong Kong, Malaysia and Singapore.

Treasury China Trust strikes deal with TRIO Group

The company enters into a strategic partnership to expand into Shandong Province commercial property market in China.

PEC 2010 full-year profit up 96% to S$48.2mln

Jurong Island developments and growth prospects in Asia, Europe and the Middle East, presented opportunities.

Businesses urged to prepare for global lease accounting changes

Changes have been driven by a recognised need for greater transparency in leasing standards.

Olam profit up 49.3% to S$272.1mln

Acquisitions fared well with acquired businesses contributing 29.2% and 34.0% of Net Contribution and EBITDA respectively.

NOL to issue S$280 mln notes due 2020

Proceeds will be exchanged into USD to be partially used for financing 12 new container ships.

Wilmar International completes acquisition of Natoleo

Following its acquisition of 91.38% of Natoleo, the agri-business group buys remaining shares for Malaysian Ringgit 42,452,830.

MAS to auction $2 billion of 20-year SGS bond

On 27 August MAS will auction $2 billion of a new 20-year SGS bond with effective issue size of only $1.8 billion.

USD-SGD rises to 1.3638

The USD-SGD is currently around the 1.3600 mark as global risk appetite remains curbed by US data and Ireland’s downgrade, according to OCBC.

Singapore: Reliance on FDI from Europe raises concern

According to Macquarie Research, growth outlook appears vulnerable in terms of investment, with nearly half of Singapore’s cumulative net inflows of foreign direct investment from 2005 to 2009 coming from Europe.

Social networking – the good, the bad, and the ugly

Social networking is no longer just a term in the urban dictionary but a way of life. Sites like Facebook and Twitter connect millions of users around the globe, breaking down traditional geographical barriers with the aid of the Internet. In Singapore, approximately half the population are Facebook users. Singapore also boasts the fourth largest Twitter population in Asia with approximately 2.1 million users.