News
Singapore to implement Basel III standards two years ahead of schedule
Singapore to implement Basel III standards two years ahead of schedule
Singapore banks will then meet MAS’ capital adequacy requirements that are 2% higher than the Basel III global capital standards.
Exchange rate policy has its limitations, warns MAS
It can't completely contain inflation as it is not effective against housing rentals and car prices.
MAS worried when core inflation hit 3.1%
Good thing it is expected to ease to 2% by the end of the year.
Singapore Airlines costs higher than rivals
SIA is now costlier to run than Cathay Pacific and others.
Monthly rents for luxury apartments slip 0.8% in Q2
Blame the quarterly dip to $5.64 per sq ft on stricter immigration rules, says Colliers.
Whopping 200% wage hike to shock hotel workers
Some 3000 employees may have 30%-200% salary increase with the new wage model.
Singapore least affected by US drought
Food weighting in inflation is lowest in Singapore at 22.1%.
SIA Engineering profit slumps to S$34.4m
Higher expenses outgrew the 8.2% rise in revenue causing profit to contract.
Chart of the Day: Private sector investment sales rebound
Transaction volume surged almost 60% quarter-on-quarter.
Singapore leads Asia Pacific in defensive investment choices
The country is brimming with lucrative telecommunications and utilities picks, says Russell Investments.
SIA to cut Milan, Barcelona, Istanbul flights
Seasonal aircraft and capacity adjustments will be implemented starting 28 October to 30 March 2013.
You're fired: Banks planning to cut headcount quadruples to 12%
The banking & financial services sector's hiring expectations dropped sharply from 59% to 34%.
Private home sales slump 18.8% in 2Q12
Launched units also went down 10.9% to a total of 6,151.
2 in 3 paranoid Singaporeans fear bosses stalking online
50% change their social media privacy settings when jobhunting.
DBS' net profit to slip 11.8% to S$823m
Non-interest income may also fall by 13% qoq to S$713.
Stubbornly high COE premiums to persist in 2H12
Good thing transport CPI is expected to ease in the near term.
OCBC to suffer the largest fall compared to DBS and UOB
That is in terms of the bank's non-interest income as it is expected to slump 35% to S$548m.
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