Singapore visitor arrivals up 41.1% to 13,400 in October

VISITOR arrivals to Singapore jumped 41.1 per cent to 13,400 in October, though the tourism industry's performance remains a vast distance from pre-pandemic times, according to latest Singapore Tourism Board figures.

BARFLY

Pocket perfection

JUNIOR The Pocket Bar has kept its signature traits - cosiness, creativity, a spot in the Outram-Tanjong Pagar drinking district - even as it grows, with the move to a slightly larger space and the addition of core menus alongside its usual rotating concept.

Hard-won RCEP trade pact draws queue of potential new partners

THE ink has barely dried on the Regional Comprehensive Economic Partnership (RCEP), already several parties are interested in joining the trade pact, said Singapore's chief negotiator Sulaimah Mahmood.

More partners keen to join RCEP: Singapore's chief negotiator

THOUGH the ink has barely dried on the Regional Comprehensive Economic Partnership (RCEP), several parties are already interested in joining the trade pact, said Singapore's chief negotiator Sulaimah Mahmood.

Singapore October industrial output falls 0.9%

SINGAPORE'S factory output fell 0.9 per cent year on year in October with a decline in electronics output and poorer biomedical performance, confounding economists' expectations of a 7.3 per cent growth, Singapore Economic Development Board figures showed on Thursday.

Singapore industrial production sees surprise 0.9% fall in October

SINGAPORE'S factory output fell 0.9 per cent year on year in October with a decline in electronics output, confounding economists' expectations of a 7.3 per cent growth, Singapore Economic Development Board figures showed on Thursday.

OUTSTANDING CHIEF EXECUTIVE OFFICER OF THE YEAR

Achieving a delicate balance

STEERING a business through a pandemic is hard enough. Doing so while playing a social role at the national level is even harder. Yet balancing between corporate and social obligations is something that Seah Kian Peng, 58, has long had to do, as group chief executive officer of FairPrice Group...

SINGAPORE ECONOMY

Headline, core inflation down in Oct after marginal increases

SINGAPORE'S headline and core inflation both took a surprise deflationary turn in October to -0.2 per cent, after two months of marginal increases, according to Department of Statistics (Singstat) consumer price index (CPI) figures on Monday. Economists had expected both readings to be neutral...

Singapore headline, core inflation fall in October after two months of marginal rises

SINGAPORE'S headline and core inflation both took a deflationary turn in October to -0.2 per cent, after two months of marginal increases, according to Department of Statistics figures on Monday.

Board changes at Axington

A RE-DESIGNATION, a resignation, and two new appointments have reshaped the board of Catalist-listed Axington, which has seen tumult since cousins Nelson Loh and Terence Loh became controlling shareholders earlier this year.

Sabana Reit manager questions internalisation proposal

THE proposed merger of ESR-Reit and Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) is "the only offer that is currently on the table", the Reit manager's board said on Friday night, responding to fund managers Quarz Capital and Black Crane Capital's call to unitholders...

SGX consults public on proposed processes

SINGAPORE Exchange (SGX) is seeking the market's views on the process of managing outstanding securities transactions when a clearing member is in default. The public consultation is open till Dec 21.

IBM to hire, train 300 Singaporeans in emerging tech

OVER the next four years, IBM will hire and train 300 Singaporean professionals in emerging tech areas under a memorandum of intent signed on Friday by IBM and the Infocomm Media Development Authority (IMDA), and witnessed by Minister for Communications and Information S Iswaran.

Sabana Reit manager disputes fund managers' internalisation proposal

THE proposed merger of ESR-Reit and Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) is "the only offer that is currently on the table", the Reit manager's board said in a statement on Friday night, responding to fund managers Quarz Capital and Black Crane Capital's call...

Isetan Singapore expects Covid-19 to hit financial performance, no recovery in 2020

JAPANESE department store operator Isetan (Singapore) expects the ongoing pandemic to have a negative impact on its financial performance, with no material recovery expected this year, given that the retail environment remains "very challenging", it said on Friday night.

SGX opens public consultation on default management process

SINGAPORE Exchange (SGX) is seeking the market's views on the process of managing outstanding securities transactions when a clearing member is in default.

Two new independent directors replace resigning director on Axington's board

A RE-DESIGNATION, a resignation, and two new appointments have reshaped the board of Catalist-listed Axington, which has seen tumult since cousins Nelson Loh and Terence Loh became controlling shareholders earlier this year.

CDL appoints two non-executive, independent directors

TWO new non-executive, independent directors have been appointed to the board of City Developments (CDL) with effect from Nov 20, the developer announced on Friday evening.

IBM to hire and train 300 Singaporean professionals in emerging tech

OVER the next four years, IBM will hire and train 300 Singaporean professionals in emerging tech areas under a memorandum of intent signed on Friday by IBM and the Infocomm Media Development Authority (IMDA), and witnessed by Minister for Communications and Information S. Iswaran.

Ex-CEO of Hong Kong telco to become deputy CEO of Singtel's Singapore consumer business

SINGTEL has named Anna Yip, former executive director and chief executive officer of Hong Kong telco Smartone Telecommunications, as deputy CEO of its Singapore consumer business, with effect from Dec 17.

Alibaba Pictures Group H1 net loss narrows to 162.1m yuan

ALIBABA Pictures Group's net loss narrowed to 162.1 million yuan (S$33.1 million) for the half-year ended Sept 30, 2020, less than half the 390.4 million yuan net loss in the year-ago period, according to the Chinese film company's results released on Thursday night.

NEWS ANALYSIS

Will Biden appoint a US ambassador to Singapore?

AS THE world waits for Joe Biden's inauguration as the 46th President of the United States on Jan 20, speculation has begun about how the country's relationship with other nations may change in the years ahead.

Bukit Sembawang Estates' acting CEO resigns

BUKIT Sembawang Estates' acting chief executive officer, chief financial officer, and company secretary Ooi Chee Eng has tendered his resignation "for personal reasons", the mainboard-listed property developer said on Thursday after the market closed.

Koufu expects 'significantly lower' y-o-y operating profit in H2, though up from H1

KOUFU Group expects operating profits for the second half of 2020 to be "significantly lower" than the year-ago period due to Covid-19's impact, as well as new outlets that are still in the stabilisation phase and have yet to contribute positively, the food and beverage group said on Thursday...

Teckwah to delist from mainboard on Nov 24

TECKWAH Industrial Corporation will be delisted from the Singapore Exchange's main board with effect from 9am on Nov 24, the company announced on Thursday night.