News

Foreign reserves increased to US$225.75 billion in December, OCBC said.

Ongoing Eurozone debt crisis and the lacklustre US labor market are expected to hinder the growth of Singapore's non-oil domestic export, OCBC said.

Domestic bank loans are expected to drop due to the high base and housing loan segment, OCBC said.

Hong Kong Airlines will operate both freighter and passenger services to Singapore from 14 January 2011 and 15 January 2011 respectively.

The potential award of the long awaited Petrobas tenders will help get offshore yards back in the limelight.

USD-SGD is seen to play a 1.2900-1.3000 range but regional Asian currencies is still expected to continue to retreat warily against USD, OCBC said.

CapitaMalls Asia Limited is offering subscription up to $200 million in principal amount of 1-year bonds and 3-year bonds to the public in Singapore.

The manufacturing PMI and electronics PMI both dropped to 50.7 and 52.2 respectively, DBS said.

The airline aligns closely-linked activities within commercial, operational and corporate planning areas to embrace new challenges and pursue fresh opportunities for growth.

782 companies are listed on SGX Mainboard and Catalist with a combined market capitalisation of $902bln.

2,690 deals were the first annual increase since a record 2,951 deals were completed in 2007.

Price growth would likely decrease from 2010's preliminary estimate of 17.6% due to the presence of downward pressures.

The only service sectors that showed growth are financial services sector and tourism-related business, HSBC said.

The price index increased to 2.7%, compared with the 2.9% in the previous quarter.

Effects of the implementation of new government rules are starting to be felt, With the HDB RPI is set to rise 2.4% to 171.9 and the private home prices expected to inch up 2.7% to 194.8.

The economy registered a full year growth of 14.7% despite expanding in 4Q10, and failed to meet the analysts’ 15% prediction.