Financial institutions need 'strong IT controls' following SWIFT attacks: MAS

16 May 2016 - Channel NewsAsia
SINGAPORE: The Monetary Authority of Singapore (MAS) "expects financial institutions to implement strong controls in their IT systems", in the wake of two attacks using the Society for Worldwide Interbank Financial Telecommunication (SWIFT) financial messaging system. The regulator told Channel NewsAsia ...

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Singapore Dealbook: AnnAik invests in Chinese project, Charisma Energy buys majority in arm

16 May 2016 - DealStreetAsia
AnnAik Limited has invested in a Chinese subsidiary to build a waste water project in China, while Charisma Energy Services is acquiring a majority stake in a subsidiary firm that oversees a solar energy power plant. Steel products maker and engineering service provider AnnAik Limited is investing up ...
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Jumbo Group Ltd’s Latest Earnings: Serving Up Some Tasty Growth

16 May 2016 - The Motley Fool Singapore
Last Friday, Jumbo Group Ltd (SGX: 42R) reported its second-quarter earnings for its fiscal year ending 31 September 2016 (FY2016). The reporting period was for 1 January 2016 to 31 March 2016. Jumbo Group may be best known for its namesake seafood restaurants located around Singapore. The company currently ...

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Tower Transit announces pay increment of 3.5%

16 May 2016 - Channel NewsAsia
SINGAPORE: UK-based transport operator and Singapore's third public bus operator Tower Transit on Monday (May 16) announced it will be bumping up the pay of its bus captains and all staff covered under its agreement with the National Transport Workers' Union by 3.5 per cent. The increment will take ...
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Jumbo’s Q2 profits leap 49.4% to $5.8m

16 May 2016 - Singapore Business Review
Thanks to strong profitability in China outlets. Jumbo Group’s (Jumbo) China operations are sizzling, boosting the group’s 2QFY16 net profits 49.4% YoY to $5.8m. According to a report by Maybank Kim Eng (Maybank KE), all three of Jumbo’s China outlets were profitable though two of them had operated for ...
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New condo sales slipped 11.6% to 754 homes in April

16 May 2016 - Singapore Business Review
But EC sales remained robust. Developers sold a total of 1,291 units in April, down from 1,328 units sold in March. Of this figure, 745 were private residential units while 546 where Executive Condominiums (ECs), statistics from the Urban Redevelopment Authority show. The top-selling projects for the ...

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Q & M Dental Group (Singapore) Limited’s Latest Earnings: What Investors Should Know

16 May 2016 - The Motley Fool Singapore
Q & M Dental Group (Singapore) Limited (SGX: QC7) reported its fiscal first-quarter earnings last Friday. The reporting period was for 1 January 2016 to 31 March 2016. As a brief background, Q & M Dental Group runs a chain of dental clinics around Singapore. It also owns dental supplies and equipment ...
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New programme for PMETs to switch to wafer fab industry launched

16 May 2016 - Channel NewsAsia
SINGAPORE: A new professional conversion programme (PCP) for the wafer fabrication industry has been unveiled by the Singapore Workforce Development Agency (WDA) on Monday (May 16). It will allow professionals, managers, executives and technicians (PMETs) to acquire skills required in the wafer fabrication ...

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Why Are Companies In Singapore’s Stock Market Delisting?

16 May 2016 - The Motley Fool Singapore
There have been a spate of privatisation exercises happening in Singapore’s stock market in recent months. For instance, in early March this year, OSIM International Ltd’s (SGX: O23) founder and leader, Ron Sim, had launched an offer to take the company private. Then earlier this month, there was China ...
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Private home sales down in April despite more units launched

16 May 2016 - Channel NewsAsia
SINGAPORE: Sales of new private homes fell 11.6 per cent in April despite more property units being launched. Excluding executive condominiums (ECs), property developers sold 745 units last month compared with the 843 units sold in March, data from the Urban Redevelopment Authority (URA) showed on Monday ...

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