Check latest hot topics and new pictures Last Updated: 18 November, 2014
Singapore

United Industrial Corporation Claims 23% Increase in Net Profits

United Industrial Corporation Claims 23% Increase in Net ProfitsUnited Industrial Corporation has claimed a 23% year-on-year increase in its net profit to S$136.7 million, for the second quarter ended June 30. In addition, the company notified a fair value gain of S$147.8 million to its income statement for the quarter, based on valuations by independent professional values.

Singapore Economy Threatened By Problematic Developed Economies

Singapore Economy Threatened By Problematic Developed EconomiesThe spirit of Norwegian people, after they met with an attack has been applauded by the Singaporean Deputy Prime Minister Teo Chee Hean, who has asked Singaporeans to stay united, as Norwegians, to prevent a similar crisis.

Hean, who is also the Minister for Home Affairs said, "We must be able to overcome it with a positive spirit, so that society does not break apart”.

United Envirotech Receives US$113.8m Convertible Bond Investment by KKR

United Envirotech Receives US$113.8m Convertible Bond Investment by KKRIn what deal likely to strengthen United Envirotech's foothold in China's rapidly emerging water industry, an affiliate of Kohlberg Kravis Roberts & Co. L. P. is all set to invest US$113.8 million in the water treatment and recycling solutions provider via convertible bonds for United Envirotech.

United Envirotech Ltd. confirmed the investment on Monday.

Singapore Unemployment Rate at 2.1 in Q2

Singapore Unemployment Rate at 2.1 in Q2   Unemployment rate in Singapore was 2.1% for second quarter. Last quarter, it was 1.9%- a three year low.

Manpower Ministry stated that 22,800 jobs were created between Junes to April which resulted in the gradual fall of previous quarter.

Singapore to Have Third Largest Mall by 2013

Singapore to Have Third Largest Mall by 2013On Wednesday, Australian developers have announced its upcoming project of constructing Singapore's third-largest suburban shopping mall. It has been reported that the mall will be build next to Jurong East MRT Station.

GIC Confesses Challenge in Economic and Investment Environment

GIC Confesses Challenge in Economic and Investment EnvironmentGovernment of Singapore Investment Corp. deals with Singapore's foreign-exchange reserves. On Monday, its annual report said that its exposure to America continued to fall with total investment in the region accounting for 42% in the year ended March, as compared to 43%, for the past year.

Singapore's CPI Towers to 5.2% in June

Singapore's CPI Towers to 5.2% in JuneSingapore's consumer price index (CPI) in June spiked 5.2 percent year on year, scoring way over 4.5 percent in May, the Department of Statistics revealed on Monday.

The escalation in inflation will directly exert a thrust on the Central Bank to allow the currency to realize and hold price gains.

The steep increase is mainly attributable to sectors of housing, food and transport.