Temasek’s Co-Chief Investment Officer and Senior Managing Director of special projects, Mr. Gan Chee Yen, will be the next Chief Executive Officer of Fullerton Financial Holdings, the Singapore’s independent organization unit, which invests in banks.
It has been reported that CapitaMall Trust (CMT) in order to maximize its profit will be combining its Atrium@Orchard and Plaza Singapura under an area of 625,000 sq ft. Its construction has already begun and is expected to complete by the end of next year. It has been reported that the construction will cost the company S$150 million.
Chief Executive of Singapore Airlines (SIA), Mr. Goh Choon Phong has issued a personal apology to its customers for inconvenience caused because of the technical flaws of its revamped website.
According to reports, Singapore dollar fell a bit against the US dollar after the early release of the country’s gross domestic product data for the second quarter in Asian trading on Thursday.
Also, the Singapore currency fell to 1.2178 against the greenback from the current multi-year increase of 1.2155, as they both closed the New York session at 1.2181.
The DBS Bank has launched Entrepreneur's Account for new businesses, which are less than six months old.
The economic growth of Singapore has been brought to a temporary standstill. This has come due to manufacturing delays that the nation is facing. The demand for exports from the city has recently seen a downfall and this is the reason the economic growth has started to become affected.
Owing to increased contributions from investments and enhanced profits from its portfolio companies, Temasek Holding’s net profits has over doubled in the year to March, as its group net profit rose to S$13 billion from S$5 billion in the year before this year.