Singapore Q2 GDP to be released on Aug 11, 8am

DETAILED data on Singapore's gross domestic product (GDP) for the second quarter will be released at 8am on Aug 11, said the Ministry of Trade and Industry. ...

MAS proposes enhancement of deposit insurance coverage to S$75,000

THE Monetary Authority of Singapore (MAS) on Friday released a public consultation on its proposals to enhance the Deposit Insurance (DI) Scheme, with a key proposal to increase coverage to S$75,000 from the current S$50,000.

MAS responds to Iceberg on Noble Group

THE Monetary Authority of Singapore (MAS) responded to Iceberg a day after its accusation that the saga involving beleaguered Noble Group was a "complete failure" on the part of regulators...

Ascott appointed to operate two new serviced residences

CONSTRUCTION firm Low Keng Huat announced on Friday that its wholly owned subsidiaries, Balestier Tower and Perumal Development, have entered into separate agreements with The Ascott Limited to manage the serviced residences of Citadines Balestier Singapore and lyf Farrer Park Singapore...

Far East Hospitality Trust's DPS down 4% for Q2

FAR East Hospitality Trust's (Far East H-Trust) distribution per stapled security fell 4 per cent to 0.97 Singapore cent for the second quarter in 2017...

DBS net profit up 8% for Q2

DBS Group Holdings' net profit including one-time items went up 8 per cent to S$1.13 billion for its second quarter compared to a year ago, as continued business momentum was offset by lower net interest margin, trading income and gains on investment securities...

Young workers in Singapore 'won't have enough for retirement'

YOUNG workers in Singapore are at risk of a shortfall in retirement income despite widespread and high levels of private savings, a study by a member of a multinational consortium has found.

Young S'porean workers at risk of shortfall in retirement income

YOUNG workers in Singapore are at risk of a shortfall in retirement income, despite widespread and high levels of private savings, according to findings by the International Longevity Centre - UK (ILC-UK).

Mercer to develop skills framework and undertake wage study

CONSULTING firm Mercer was appointed on Thursday to develop a skills framework and undertake a wage study for human resources (HR) professionals in Singapore.

NEC opens first Advanced Centre for Experimentation in S'pore; hiring 50 researchers and engineers

INFORMATION technology (IT) and network technology solutions company NEC Corporation opened its first Advanced Centre for Experimentation (ACE) in Singapore on Thursday, and will be hiring 50 researchers and solution engineers in the next three years.

Jobs for life an 'extinct' concept in Singapore: Randstad report

THE concept of a job that will last a lifetime has gone "extinct" in Singapore, according to a latest report by Randstad...

GIC, Canada pension investment board to invest US$1 billion in WME | IMG

SINGAPORE'S sovereign wealth fund GIC and Canada Pension Plan Investment Board (CPPIB) have invested approximately US$1 billion in WME | IMG, a global platform for entertainment, sports and fashion. Terms of the transaction were not disclosed...

CapitaLand Q2 net profit up 97%

CAPITALAND Limited posted a net profit of S$579.3 million for the second quarter of 2017, a 97 per cent jump from a year ago.
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Work visa scheme for foreign entrepreneurs enhanced

THE EntrePass scheme - a work visa for foreign entrepreneurs keen to start a business in Singapore in areas such as deep technology - will be enhanced to attract global startup talent.

MAS launches Payments Council chaired by its MD Ravi Menon

A PAYMENTS council - comprising 20 leaders from banks, payment service providers, businesses and trade associations - will be established to help Singapore transform into an e-payments society, the Monetary Authority of Singapore (MAS) announced on Wednesday.

EntrePass scheme enhanced to attract global startup talent

THE EntrePass scheme - a work visa for foreign entrepreneurs keen to start a business in Singapore in areas such as deep technology - will be enhanced to attract global startup talent starting on Aug 3, said the Ministry of Manpower (MOM), the Ministry of Trade and Industry (MTI), Spring Singapore...

Competition appeal board upholds financial penalty for IPP

THE appeal of IPP Financial Advisers to seek a substantial reduction in the financial penalty imposed by the Competition Commission of Singapore (CCS) has been dismissed by the Competition Appeal Board (CAB). IPP was ordered to pay the financial penalty of S$239,851 imposed together with interest...

Workplace fatalities, injuries down in first half of 2017; occupational diseases up: MOM

THERE were fewer workplace fatalities and injuries in the first half of 2017 compared to the second half of 2016, but the number of confirmed occupational disease cases has gone up, according to a statement by the Ministry of Manpower on Wednesday.

New appointments in senior leadership at EDB, JTC, URA

NEW appointments were made in the senior leadership team of several government bodies, in separate announcements made by the Ministry of Trade and Industry (MTI) and the Ministry of National Development (MND) on Tuesday.

GYP dumps print directories for real estate

GLOBAL Yellow Pages Limited (GYP) is restructuring its business to focus on real estate as its core business and cease publication of print directories from 2018.

A third of Singapore SMEs hit by ransomware last year: study

A STUDY has found that one in three small and medium-sized enterprises (SMEs) in Singapore have experienced a ransomware attack in the last year.

DBS, Xero launch banking initiative for SMEs

A NEW arrangement to help small and medium-sized enterprises (SMEs) better manage their finances has been launched on Tuesday, DBS and cloud accounting platform Xero announced jointly.

Technics Oil and Gas receives SGX approval for time extension

TECHNICS Oil and Gas received approval from the Singapore Exchange for an extension of time of up to one month after the discharge date to comply with its ruling to release its financial statement for the full financial year ended Sept 30, 2016 and for subsequent years for the period in which the...

New appointments in JTC, EDB, URA

THE Ministry of Trade and Industry (MTI) and the Ministry of National Development (MND) today announced several new appointments.

Singtel, CapitaLand Mall Trust rank top in corporate governance

CORPORATE governance standards among Singapore-listed companies have gone up, with average scores under the Singapore Governance and Transparency Index (SGTI) hitting an all-time high.