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Article: SINGAPORE NEWSPAPER HIGHLIGHTS - FEB 27, 2009.
- Article from:
- AsiaPulse News
- Article date:
- February 27, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SINGAPORE, Feb 27 Asia Pulse - Highlights of today's newspapers:
BUSINESS TIMES:
- Singapore's economy shrank 4.2 per cent in the fourth quarter, worse than the 3.7 per cent decline estimated last month, as financial services performed even more poorly than expected.
- City Developments Ltd (CDL) yesterday said it expects to continue being profitable this year, after posting a dive in fourth quarter 2008 net earnings to about $100 million, less than half the $235 million net profit it booked in Q4 2007.
- City Developments Ltd (CDL) has pulled back from a commercial and hotel project in Incheon, South Korea, the group's executive ...