Singapore's central bank on Thursday raised its 2008 inflation forecast to 6-7 per cent, the third upgrade this year, and warned that price pressures will persist despite a slowdown in economic growth.
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Singapore Food Industries (SFI) saw its net profit rise 29 per cent to $5.4 million in its second quarter ended June 30, 2008 from a year ago as its Singapore and UK operations performed strongly.
FEARS that Neptune Orient Lines (NOL) may overpay for Germany's Hapag-Lloyd could be premature, at least in current circumstances. NOL had on Tuesday submitted an indicative bid for Hapag-Lloyd, the shipping arm of German group TUI.
A DISTRICT 10 collective sale site at Robin Drive, off Bukit Timah Road, has been relaunched for sale - with a new asking price as much as 40 per cent lower in view of the current market sentiment.
