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Business 04 Jan 2003 | 12:00 AM

Goldman tops ranking

MORGAN Stanley, Merrill Lynch Co, and J.P. Morgan Chase Co, which dominated takeover advisory work in Singapore during 2001, saw their business slump more than 95% last year as volume shrank three-quarters.

Business 30 Jan 2003 | 12:00 AM

Keppel 2002 net profit dips, but forecasts better year ahead

KEPPEL Corporation Ltd, Singapore#146;s second biggest conglomerate, has reported a 5.4% fall in 2002 net profit but forecast a better year ahead thanks to its offshore, marine and property businesses.

Business 19 Feb 2003 | 12:00 AM

One-time gains lifting S'pore bank profits

DBS Group Holdings Ltd, Singapore#8217;s biggest bank, and its two rivals are set to report that one-time gains from earlier deals offset rising bad-loan charges and a slump in demand for credit.

Business 19 Feb 2003 | 12:00 AM

HSBC unit completes purchase

HSBC Holdings Plc unit HSBC Insurance (Asia-Pacific) Holdings Ltd has completed the acquisition of Keppel Insurance Pte Ltd from Fortis Far East NV, Keppel Capital Holdings Ltd and Kephinance Investment Pte Ltd for S$154mil cash.

Business 25 Feb 2003 | 12:00 AM

S&P maintains ratings

Standard Poor's Ratings Services#8217;s AA- ratings on HSBC Insurance (Asia) Ltd, HSBC Life (International) Ltd, HSBC Medical Insurance Ltd and its A+ rating on Hang Seng Life Ltd remain unchanged after HSBC Insurance (Asia-Pacific) Holdings Ltd's S$155mil purchase of Singapore-based Keppel Insurance Pte Ltd. #8220;The acquisition is a strategic move by HSBC Insurance (Asia-Pacific) to enhance both its life and non-life insurance operations in Singapore.#8221; #8211; AFX

Business 26 Feb 2003 | 12:00 AM

OCBC 2002 net profit down 14.3% amid weak economy

SINGAPORE#8217;S smallest lender, OCBC Bank, announced plans for regional expansion yesterday after reporting a 14.3% fall in 2002 net profit to S$666.71mil, hit by the city-state's weak economy and a lack of one-time gains.

Business 08 Mar 2003 | 12:00 AM

Two S'pore firms vie for US$1b Brazil rig jobs

Two major Singapore engineering companies say they will bid for Brazilian oil platform contracts worth up to US$1bil despite new rules in the South American country that require high levels of domestic involvement.

Business 12 Mar 2003 | 12:00 AM

Keppel unit wins contracts

The business unit of Keppel Corp subsidiary Keppel Offshore amp; Marine Ltd has secured S$95mil worth of contracts from several companies.

Business 20 Mar 2003 | 12:00 AM

War or not, offshore marine sector hums on

The din of metalwork at the sprawling workshop of Cooper Cameron, a major maker of oil and gas pressure control equipment, is music to Erik Peyrer#146;s ears and the refrain could well be #147;it#146;s business as usual#148;.

Business 26 Apr 2003 | 12:00 AM

KepLand net profit for first quarter down 14.5%

Keppel Land Ltd (KepLand) has posted a 14.5% fall in first-quarter net profit as poor domestic demand undercut the effect of strong home sales in China.