Channel NewsAsia (Singapore Business)
Latest Channel NewsAsia Singapore Business News
Updated: 2 hours 24 min ago
S'pore investors leaving for safe haven assets as Europe problems deepen
SINGAPORE: Singapore investors have turned skittish on stocks as sentiment is hit by the problems in Europe.
Asians consuming more nuts
SINGAPORE: Nut prices have risen across the board over the last five years, driven by the growing appetite of Asian consumers.
PSA, Tianjin Port Group sign agreement to seek further collaboration
SINGAPORE: Port group PSA International has signed an agreement with China's Tianjin Port Group (TPG) to strengthen ties and foster greater cooperation between the two organisations.
Clear skies for Asian low-cost carriers
SINGAPORE: It is all clear skies ahead on the outlook for Asian low cost carriers.
S'pore manufacturers to stay in China despite facing higher costs
SINGAPORE: Singapore companies with manufacturing bases in China are seeing operation costs creep higher.
Singapore shares end down 1.5%
SINGAPORE - Singapore share prices ended 1.54% on Friday, amid a regional sell-off as concerns over US growth dovetailed with rising fears over the eurozone's political and economic troubles.
Sembawang Shipyard secures contracts worth S$130m
SINGAPORE : Sembcorp Marine's subsidiary Sembawang Shipyard has secured three contracts worth S$130 million to repair and upgrade FSO and LNG carriers.
Residential site at Tampines Ave 10 attracts 3 bids
SINGAPORE : The land site for residential development at Tampines Avenue 10 has attracted three bids at the close of tender by the Urban Redevelopment Authority (URA).
Singapore stocks edge lower as Greek fears weigh
SINGAPORE: Singapore shares closed lower on Thursday as the Greek crisis continued to cast a shadow, while dealers got some upbeat news in data showing Japan's economy grew faster than expected.
Chongqing project "progressing as planned": CapitaLand
SINGAPORE: A consortium led by CapitaLand that is pumping 21 billion yuan (S$4.3 billion) into developing a site in Chongqing, China, said it is working closely with the local government to implement the project and the project is "progressing as planned".
Singapore's Q1 GDP up 1.6% on-year
SINGAPORE: Singapore's economy grew 1.6 per cent on-year in the first quarter, compared to 3.6 per cent growth in the preceding quarter.
Singapore NODX up 8.3% on-year in April
SINGAPORE: Singapore's non-oil domestic exports (NODX) rose 8.3 per cent year-on-year in April, compared to a 4.3 per cent decline in March.
SC Global launches high-end apartment at The Marq
SINGAPORE: Luxury property developer SC Global Developments has launched a high-end apartment at The Marq on Paterson Road.
Changi Motorsports Hub contract terminated
SINGAPORE: The construction of the Changi Motorsports Hub may finally be called off, after the final termination papers were signed on Wednesday.
US trade winds blow East
SINGAPORE: Over 100 American companies are in Singapore on a trade mission organised by the US Department of Commerce.
Singapore shares end down 1.6%
SINGAPORE - Singapore share prices ended 1.6% lower on Wednesday, tracking a regional sell-off on fears that Greece is inching closer to an exit from the euro zone after coalition talks to form a government in the indebted country failed.
Singapore's blue-chip Straits Times Index sank 45.55 points to end at 2,831.15. In the broader market, losers overwhelmed gainers 365 to 71. Overall volume traded was 1.47 billion shares.
Commodities-related stocks were among the losers. Olam International plunged 10.8% to end at S$1.785. Wilmar closed down 2.0% at S$3.97. Noble Group sank 4.0% to S$1.09. Golden Agri-Resources lost 2.9% to S$0.670.
- CNA/ir
Swee Hong plans to raise S$13.7m from IPO
SINGAPORE: Civil engineering firm Swee Hong plans to raise S$13.7 million in net proceeds from its proposed mainboard listing on the Singapore Exchange (SGX).
IDA urges S'pore businesses to take up cloud computing
SINGAPORE: The government is taking the lead when it comes to the adoption of cloud computing.
SIA carries 9.8% more passengers per km in April
SINGAPORE: Singapore Airlines (SIA) said it carried 9.8 percent more passengers per kilometre in April 2012 compared to a year ago, which outpaced the 2.9 per cent increase in capacity (measured in available seat kilometres).
Olam's Q3 net profit down 22.5%
SINGAPORE: Olam International's net profit for the third quarter of its fiscal year was down 22.5 per cent to S$98.7 million, dragged down mainly by poor performance of its non-food business.
