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(Singapore) ARA Asset Management (ARA) has posted an 18 per cent rise year on year in its first-half net profit to S$29.6 million, on the back of broad-based growth across its revenue sources. The affiliate of the Cheung Kong group also managed to increase its AUM (assets under management) from the first quarter to S$18.8 […]
August 9, 2011
DIPLOMAT Chan Heng Chee, Singapore’s long-serving ambassador to the United States, and banker Wee Cho Yaw, chairman of United Overseas Bank (UOB), top this year’s list of National Day Awards recipients. Both are getting the Distinguished Service Order, the highest among the National Day awards given to 3,010 people in recognition of their outstanding efforts […]
August 9, 2011
ATTENDING National Day celebrations across the island yesterday, Singapore’s leaders defined the meaning of the Singapore spirit. Referring to the theme of this year’s National Day celebrations, Majulah! The Singapore Spirit, Deputy Prime Minister Tharman Shanmugaratnam said it is what enables Singaporeans to ‘come together, regardless of race and religion, to face challenges head-on every […]
August 9, 2011
(Singapore) TO BUY, or not to buy – that was the question on the minds of bargain-hunters yesterday as several Straits Times Index (STI) constituents sank to new 52-week lows, appearing ripe for the picking. What stopped many in their tracks was the risk of a further sell-off ahead. Indeed, analysts are advising caution – […]
August 9, 2011
CHARISMATIC banking veteran Wee Cho Yaw yesterday paid tribute to friends and supporters who had backed him in his years of community work. The billionaire banker said this work – for which he has been conferred the National Day’s highest award, the Distinguished Service Order – was part of a wider team effort. The 82-year-old […]
August 9, 2011
INTEREST in Singapore residential property remains strong but initial signs of greater caution following the stockmarket rout may have started to surface. Boathouse Residences, a 99-year leasehold private condo at Upper Serangoon View which was released last Friday by Frasers Centrepoint, Sekisui House and Far East Organization, saw about 90 units sold by yesterday. About […]
August 9, 2011
OPERATORS of small firms wanting to borrow cash for running the business against the equity in their own homes can heave a sigh of relief. The Monetary Authority of Singapore (MAS) has decided to scrap a proposal to introduce tighter financing rules for this type of loan. Small and medium-sized enterprises (SMEs) had given feedback […]
August 9, 2011
(Singapore) HO Bee Group has posted a 55.3 per cent year-on-year drop in group net profit for the second quarter ended June 30 to $57.2 million on the back of a 42.5 per cent slide in revenue to $157.6 million.This was due chiefly to lower revenue recognition for the group’s development properties compared with Q2 […]
Singapore Real Estate Highlights 
August 9, 2011
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