Bizview: Today's top business news

A file picture of the Grand Banks 55 Aleutian RP yacht. PHOTO: Grand Banks Yachts Ltd
A file picture of the Grand Banks 55 Aleutian RP yacht. PHOTO: Grand Banks Yachts Ltd

Few bright spots for Singapore economy, says MAS in its biannual review

The global economic outlook has weakened over the past six months with no clear upturn in sight, the Monetary Authority of Singapore (MAS) said in its biannual macroeconomic review out on Tuesday (Oct 27).

JTC launches Tuas site under confirmed list and Tampines parcel under reserve list

JTC has launched one confirmed list site in Tuas and one reserve list site in Tampines under the second half-year industrial government land sales (IGLS) programme.

Global Palm Resources warns that Q3 profit will be 'substantially lower'

Mainboard-listed Global Palm Resources Holding has issued a warning on its upcoming third quarter earnings in a filing with the Singapore Exchange on Tuesday (Oct 27). It said that following a preliminary review of the unaudited financial statements for the quarter ended Sept 30.

Grand Banks Yachts sails back to the black with $1.2m profit for Q1

Mainboard-listed Grand Banks Yachts swung to a net profit of $1.2 million for the first quarter ended Sept 30 compared to a net loss of $1.3 million for the year-ago period.

Pteris Global wins 3 contracts worth $64.2m

Catalist-listed Pteris Global, an airport support equipment and logistics solutions provider, has secured contracts worth a total of $64.2 million from customers in China and the US.

CapitaLand in tie-up for its 6th residential project in Ho Chi Minh City

CapitaLand Vietnam has entered into a joint venture with Saigon Commercial & Tourism Corporation, a subsidiary company of Thanh Nien Corporation (Thanh Nien) to develop a prime residential site in District 2 of Ho Chi Minh City.

Ringgit falls as Fitch warns Malaysia may miss its deficit target

The ringgit declined the most in a week after Fitch Ratings said the Malaysian government may miss its 2016 fiscal deficit target as the economy remains under pressure from lower commodity prices.

JPMorgan Chase says it is building a rival to Apple Pay

JPMorgan Chase & Co said on Monday (Oct 26) it will soon launch its own competitor to Apple Pay that will allow consumers to pay retailers using their smartphones in stores, and it has already won the endorsement of a major group of merchants.

Facebook expands smartphone alerts to news, weather

Facebook, making a bigger push to deliver personalized information to its members, said Monday (Oct 26) it was expanding its mobile alerts to include sports scores, weather updates and local news updates.

Global IPO wars: Exchanges wage all-out fight for next Alibaba

In a trend that's swept stock markets around the world, exchanges like the Big Board are stepping up efforts to attract more foreign companies looking to go public. In just two years, the number of cross-border IPOs on the biggest venues has more than doubled, according to data compiled by Bloomberg.