Check latest hot topics and new pictures Last Updated: 16 April, 2014
Singapore

Fall by 7.3% seen in Singapore retail sales during March

Fall by 7.3% seen in Singapore retail sales during March

In the midst of a deep recession as shoppers limited their spending, a fall was but to worsen in Singapore retail sales during the month of March.

On Friday statistics department informed that a fall by 7.3% was seen in retail sales from a year earlier after a 5.5 percent fall in February.

Via a statement, the department specified that a fall by 23% was seen in sales of furniture and household equipment, while apparel and footwear plunged 15 percent and watches and jewelry dropped 26 percent.

Bank of America Stake sold by Temasek

Bank of America Stake sold by Temasek

It has been announced by Temasek, the Singapore state investor, that in the first three months of this year for a large loss, the investment company sold its stake in Bank of America.

Prior to the credit crunch, an investment was made by the group in Merrill Lynch before Bank of America took it over last year.

As of now, the state-owned investor is now concentrating on investments in Latin America and Asia specifically.

Liquidnet opens fourth office in Singapore

Liquidnet opens fourth office in Singapore

The world’s leading electronic marketplace shall be opening its office in Singapore this month to enable institutional investors to undertake large trading without price alteration.

With 109 members signed in to trade Asia-Pacific equities, Liuqidnet shall act as a protected venue for large trading.

Singapore to have an expansionary budget for 2009

Singapore to have an expansionary budget for 2009

As the global financial crisis takes its toll on the nations, various policies to survive the turmoil are being planned and implemented. As inflation tends to give signals of receding, the government of Singapore plans to dilate its 2009 budget in order to sustain in the looming adversity.

Singapore’s take on minority race Prime Minister

Singapore’s take on minority race Prime Minister

What seemed to be impossible yesterday is possible today. Barack Obama being elected as the President elect of the U.S.A. undermines one’s stereotype thinking as in the end its not the race or colour but the ability of the leader that matters. Every minority class in a country is taking inspiration from the recent development that took place, introspecting upon this sensitive issue the Singapore Prime Minister Lee Hsien Loong said in a session with Malay leaders that it is probable to have a minority class Prime Minister in this nation too but unlikely to have soon.

Singapore Airlines profit shows a downtrend

Singapore Airlines profit shows a downtrend

The world’s largest airlines by market value reported its profit plummeting when its July-September profit lowered down by 36 percent due to increase in fuel costs that amplified its expenditure.

The airline dreads of the lowering of demand next year as it reported its net profit for the fiscal second quarter at 324 million Singapore dollars ($219 million) as compared to last year’s SG$508 million.

Liquidnet to start its Singapore Office

Liquidnet to start its Singapore Office

The New York based financial services firm, Liquidnet Holdings Inc. that provides electronic facility for trading shares to the institutional investors announced on Thursday that they will open an office in Singapore at the end of this month. The company that plans to expand its work arena across Asia will have its fourth regional office after the already existing offices at Hong Kong, Tokyo and Sydney.