Speaking at the annual Securities Investors Association (Singapore) Investors Choice Awards on Friday evening, the Minister for Culture, Community and Youth said this is so that they better appreciate the risks and potential rewards.
Fee income for DBS Bank, OCBC Bank and United Overseas Bank gained between 16 and 20 per cent, as local banks delivered robust earnings for yet another quarter this year.
The hub will be the first of its kind in Singapore. When it is ready in the second quarter of 2016, it will support the growth of the chemicals sector, currently the biggest contributor to manufacturing output.
SMRT reported a S$25.3 million profit on-year for Q2 of FY2015, and a 66.5 per cent increase in operating profit on the back of higher takings from its fare business and non-fare business.
Singapore firm's 55 per cent stake could be sold to Myanmar Economic Holdings, with the valuation to be decided by a valuer appointed by both parties.
A weighted 85 per cent of companies in the manufacturing sector said they expect the business climate to remain the same for the next six months, the Economic Development Board says.
Sembcorp opened its second cogeneration plant, increasing its combined gross power generating capacity in Singapore by 50 per cent, and launched a new technology and innovation centre on Friday (Oct 31).
Loans and advances by banks in Singapore amounted to S$604.5 billion last month compared with S$604.6 billion in August, central bank data showed.
The bank’s net profit for the three months ended Sep 30 rose to S$1.01 billion, up 17 per cent from a year ago.
The winners of the Business Excellence Awards are Anglo-Chinese School (Independent), Greenpac, Nestle Singapore, OCBC Bank, United Overseas Bank, the Agency for Science, Technology and Research, and the Defence Science and Technology Agency.