Pricing vs. Appraising a Home
What is the difference between pricing a property and appraising it? SRX's Sam Baker explains. In March, HDB moved its official valuation from before the Option-to-Purchase (OTP) to after it. This...
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Old is gold
SINGAPORE - There are very few in the ship recycling industry who go by the term cash buyer.A well-known name among them is Wirana Shipping Corporation, a Singapore-based firm founded in 1983 by Mr...
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Indian to head Nokia
SINGAPORE - India-born Rajeev Suri will become the new chief executive of Finnish telecommunications company Nokia.Mr Suri, 46, had been leading Nokia Solutions and Networks. He is credited with...
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Rise in new businesses
SINGAPORE - A total of 16,190 new businesses were formed in Singapore in the first three months of the year, up 14.4 per cent over the same period last year.Three quarters of these new businesses were...
View ArticleLotte Shopping postpones $1.25b Singapore Reit listing
SEOUL/HONG KONG - Lotte Shopping Co said it is postponing the listing of an up to US$1 billion (S$1.25 billion) real estate investment trust in Singapore, underscoring lacklustre appetite for initial...
View ArticleTiger Airways Q4 loss widens, to review Indonesian joint venture
SINGAPORE - Singapore's Tiger Airways Holdings Ltd warned of a bleak outlook as it reported a huge increase in its fourth-quarter net loss after the airline was hurt by losses in its joint ventures and...
View ArticleLondon sets record with $300m apartment sale
LONDON - London's red-hot property market has struck a new record with the sale of a 140 million pound (S$296.9 million) unfurnished apartment, but even the developer of the opulent building warned...
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DBS registers record $1.03b profit in Q1
SINGAPORE - Quarterly net profits at DBS Group Holdings have soared past the $1 billion mark for the first time.A healthy rise in net interest income as well as trade, loan and wealth management fees...
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Growth in bank loans hits plateau
SINGAPORE - Bank lending was almost flat in March, compared with February, in a sign that both businesses and consumers remain cautious about economic prospects.Overall, bank loans - to consumers and...
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UOB's Q1 net profit up 9.2 per cent to $788m
SINGAPORE - Anticipation by investors that it would put up a good showing drove up its shares by 58 cents, or 2.7 per cent, to close at $21.76 yesterday. The bank reported its earnings after markets...
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HDB renovations: What it means for your flat's resale value
If you're looking to renovate your HDB flat with a view of ensuring that it fetches a higher price when comes time to sell, you need to know that renovations don't necessarily mean a premium price on...
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Some demand for new private homes
SINGAPORE - Sales were brisk at the launch of a 99-year leasehold condominium near Queenstown MRT station yesterday, while another project near Clementi which opened for preview also drew a crowd,...
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Expert sees investment returns heading south
SINGAPORE - "We are in a prolonged environment of very low investment returns... the global economy and global financial markets are wrestling with the aftermath of the global financial crisis," Mr Ng...
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CEO pay in line with company results
SINGAPORE - The pay earned by the bosses of Singapore's largest firms mostly reflected the way their companies performed in the last financial year, according to a Straits Times analysis of 20...
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Easier loan applications for start-ups
SINGAPORE - The lender's Business First Loan scheme launched on April 25 offers collateral-free loans of up to $100,000.The bank has also simplified the application process - it can take only a day to...
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Fewer new resale flats put up for sale
SINGAPORE - Fewer flat owners are jumping at the chance to sell their Housing Board unit once they can, as weak resale prices make it more worthwhile to hold on.Two years ago, almost one in five of...
View ArticleSingapore's Temasek tweaks global portfolio
SINGAPORE - As it approaches its 40th year, Singapore investment giant Temasek is stretching its legs, moving away from its finance-based comfort zone into sectors like retail and African resources to...
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Loss-making Tigerair seeks turnaround by clipping own wings
Tigerair is grounding eight planes and cutting unprofitable flights in an unprecedented move to turn its loss-making business around. Battered by bruising competition, which has pushed the carrier into...
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