Singapore's manufacturing output in October fell 5.4 per cent from a year earlier, hit by a 14 per cent year-on-year drop in electronics production. The fall was slightly above the 5.3 per cent decline forecast by economists in a Reuters poll. In September, industrial production fell 4.7 per cent.
Ascendas Land (Singapore) has won the tender to purchase the Central Provident Fund Board (CPF) building at 79 Robinson Road. Southernwood Property, which belongs to Southernwood Holding, in turn wholly owned by Ascendas Land, had submitted the highest bid of S$550 million when the tender closed on Oct 28, 2015.
A government land parcel along Siglap Road which can house 750 residential units was launched for sale on Thursday (Nov 26). The site, which is next to Victoria School and opposite Mandarin Gardens, is under the Confirmed List of the second half of the 2015 Government Land Sales (GLS) Programme.
Every nation has a special role in Asean and Singapore can play the "modest role" of reinforcing Asean's image as a sustainable economic entity by being a home base for Asian economic research, Finance Minister Heng Swee Keat said on Thursday (Nov 26).
OCBC Bank has appointed Mr David Cheng as head of corporate finance, starting Nov 16, 2015. With extensive industry experience of more than 20 years, Mr Cheng, 44, helms the bank's equity capital markets, mergers & acquisitions and equity syndication teams, OCBC said in a statement on Thursday (Nov 26).
HSBC, a lender to Singapore-listed China Fishery Group, said it has filed an application with the Hong Kong High Court to appoint provisional liquidators and petitioned for its winding up.
Maybank reported higher earnings in the third quarter due partly to one off gains, while its Singapore operations remained on the growth track, the bank announced on Thursday (Nov 26).
A program offering small and medium sized enterprises (SME) tools and training in exporting their goods and services using the internet was launched here by Google and nine other industry partners on Thursday.