» Singapore stocks jump 5 percent on financials, commods
05/01/09 17:05 from Singapore Business News Headlines | Business
SINGAPORE, Jan 5 (Reuters) - Singapore's benchmark Straits Times Index rallied 5 percent in late trade on Monday, led by gains in financials and commodity stocks.

» Singapore Petroleum says CEO to retire, return on contract
02/01/09 18:34 from Singapore Business News Headlines | Business
SINGAPORE, Jan 2 (Reuters) - Singapore Petroleum Corp (SPC) said on Friday its Chief Executive Officer Koh Ban Heng will retire on Feb 5.

» Singapore's STI up 2 on Wall St, ignores weak data
02/01/09 11:13 from Singapore Business News Headlines | Business
SINGAPORE, Jan 2 (Reuters) - Singapore's benchmark Straits Times Index rose 2 percent in late morning trade on Friday, led blue-chips such as Singapore Telecommunications as investors drew comfort from gains on Wall Street.

» Singapore economy shrinks 12.5 pct in 4th quarter
02/01/09 09:07 from Singapore Business News Headlines | Business
Singapore's economy contracted for a third consecutive quarter in the October-December period as a global slump hurt demand for the city-state's exports.

» Singapore's 2008 growth slumps to 1.5 pct, PM says
31/12/08 19:05 from Singapore Business News Headlines | Business
Singapore's economic growth slumped to 1.5 percent in 2008, its slowest pace in seven years, as a severe global downturn hurt tourism and demand for the city-state's exports, Prime Minister Lee Hsien Loong said Wednesday.

» Singapore, Incheon scrap plans for new budget airline
30/12/08 15:08 from Singapore Business News Headlines | Business
Singapore's Tiger Airways said Tuesday a plan to establish a budget carrier with South Korea's Incheon city has been scrapped due to the worsening global economic situation.

» Output in recession-hit Singapore down 7.5 pct in Nov: govt
26/12/08 16:53 from Singapore Business News Headlines | Business
Singapore's manufacturing output fell 7.5 percent in November, according to the latest data, as exports from the recession-hit economy suffer during a global slowdown.

» Singapore manufacturing falls 7.5 pct in November
26/12/08 14:08 from Singapore Business News Headlines | Business
Singapore manufacturing fell 7.5 percent in November from a year earlier, more evidence the city-state's economy likely extended a recession in the fourth quarter.

» Singapore November inflation falls to 5.5 percent
23/12/08 14:22 from Singapore Business News Headlines | Business
Singapore's inflation rate fell to an 11-month low in November as plunging oil prices lowered gasoline costs, according to data released Tuesday by the country's statistics department.

» Singapore's DBS plans 2.8-billion-dollar rights issue
22/12/08 16:46 from Singapore Business News Headlines | Business
Singapore's DBS Group Holdings, Southeast Asia's biggest bank by assets, said Monday it plans to raise about 4.0 billion Singapore dollars (2.76 billion US) in a rights issue.

» Australian watchdog alleges Singapore Airlines Cargo price fixing
22/12/08 16:07 from Singapore Business News Headlines | Business
Australia's competition watchdog Monday alleged Singapore Airlines Cargo had been involved in price fixing, making it the third airline the regulator has pursued in this regard.

» Standard Chartered says Temasek retains 18.8 pct stake
19/12/08 14:04 from Singapore Business News Headlines | Business
Singapore sovereign wealth fund Temasek Holdings will retain its 18.8 percent stake in Standard Chartered after subscribing to a rights issue, the bank said in a statement Friday.

» Singapore Nov non-oil exports plummet 17.5 percent
17/12/08 13:47 from Singapore Business News Headlines | Business
Singapore's non-oil exports, which account for 70 percent of the city-state's gross domestic product, plummeted in November as the economy likely contracted for a third consecutive quarter.

» Singapore Oct retail sales fall as recession bites
15/12/08 14:51 from Singapore Business News Headlines | Business
Singapore's retail sales fell in October, more evidence the city-state's economy likely contracted for a third straight quarter as dwindling consumer demand adds to drops in manufacturing and exports.

» Singapore Q3 unemployment steady at 2.2 percent
15/12/08 12:54 from Singapore Business News Headlines | Business
Singapore's unemployment rate was steady in the third quarter, but jobs growth slowed as the city-state slipped into recession.

» Singapore Petroleum issues profit warning
12/12/08 17:22 from Singapore Business News Headlines | Business
SINGAPORE, Dec 12 (Reuters) - Singapore Petroleum Co said on Friday its 2008 earnings have been "severely weakened" due to the steep fall in oil prices.

» Singapore's STI falls 4 pct after US auto setback
12/12/08 14:06 from Singapore Business News Headlines | Business
SINGAPORE, Dec 12 (Reuters) - Singapore's benchmark Straits Times Index extended losses on Friday after negotiations collapsed over a rescue package for U.S. automakers.

» Singapore Hot Stocks-Hyflux shares up record profit forecast
12/12/08 10:17 from Singapore Business News Headlines | Business
SINGAPORE, Dec 12 (Reuters) - Shares of water firm Hyflux gained as much as 6.67 percent to a one-month-high on Friday after a report said the company is confident of netting record profits this year and next.

» Singapore's STI opens up 4 pct on financials, property
09/12/08 09:08 from Singapore Business News Headlines | Business
SINGAPORE, Dec 9 (Reuters) - Singapore's benchmark Straits Times Index rose over 4 percent on opening on Tuesday, led by gains in financials, property and commodity firms after a rally on Wall Street.

» Singapore faces years of slow growth, PM Lee says
05/12/08 16:34 from Singapore Business News Headlines | Business
Singapore's economy may shrink for a year and faces slow growth for several more as a global downturn undermines demand for the city-state's exports, Prime Minister Lee Hsien Loong said Friday.