Singapore Business Review

HRnetGroup reports 5.9% earnings dip
Revenue for FY2023 experienced a 5.4% year-on-year decline.
Venture Corporation revenue drops 21.7% in FY23 
The group registered a net profit of $270m.
Aztech Global net profits surges 48% 2023
However, the group expects a challenging year ahead.
SGX RegCo proposes rule changes to streamline company restructuring
It suggested eliminating shareholder votes on major disposals during liquidation.
MPA shortlists 11 design proposals for Singapore’s electric harbour craft 
It received 55 proposals from 32 international and local companies and consortia.
Industrial rents to grow 0%-3% in 2024: report
Savills cited three factors contributing to the projection.
Net property income of IREIT Global rises 2.3% YoY to €49.9m in FY23
Despite the increase in NPI, the REIT declared a lower distribution per unit.
Andrew MacDonald steps up as Resorts World Sentosa director
He currently serves as the chief casino officer of the integrated resort.
Genting Singapore’s net profit soars 80% YoY to $611.6m in FY23
With the increase, the company declared an 80% YoY higher earnings per share.
Grab bounces back with US$11m profit in 4Q23
In 3Q23, the company recorded a loss of US$391m ($524.8m).
Daily Markets Briefing: STI up 0.05%; Top stock is UOB
UOB is the top stock despite a 2.531% decrease.
Green building adoption in Singapore nears 80%
In APAC, SG stands as the 7th top market for green building adoption.
Budget 2024 propels Singapore's investment-focused growth
^ "https://vimeo.com/915035676"
Budget 2024 saw an “investment tilt” towards promoting green, human, and infrastructure investments.
SIAEC, Thales partner to explore business opportunities in Asia-Pacific
The companies will look into collaborating in areas such as component maintenance, repair, and overhaul.

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Exclusives

Exclusives

Information Technology GoodGang Labs forges human-AI persona in avatar-based social platform
The startup plans to expand globally in 2025 after kick starting its platform in Korea and Japan.
Shipping & Marine Hong Kong draws on Singapore for modern, green port development
Smart logistics is an area of collaboration Hong Kong intends to push with Singapore.
Healthcare Startup pushes preventive healthcare through digitalised longevity solutions
Mito Health CEO Kenneth Lou believes their personalised platform can address potential future health concerns and extend lifespan.
Manufacturing Silicon Box breaks bottleneck in chiplet packaging with sub-5-micron technology
The company’s technology reduces chiplet-based system packaging costs by up to 90%.
Budget 2024: 3 tax strategies to offset BEPS 2.0 effects
Should the directive be implemented, selected MNEs will be subject to a global minimum tax of 15%.
Self-storage firms stand out in the growing industry with added services and amenities
In Singapore, StorHub has introduced online booking for storage spaces of various sizes.
Insurance Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.

Top News

HRnetGroup reports 5.9% earnings dip
Revenue for FY2023 experienced a 5.4% year-on-year decline.
Venture Corporation revenue drops 21.7% in FY23 
The group registered a net profit of $270m.
Aztech Global net profits surges 48% 2023
However, the group expects a challenging year ahead.
SGX RegCo proposes rule changes to streamline company restructuring
It suggested eliminating shareholder votes on major disposals during liquidation.
MPA shortlists 11 design proposals for Singapore’s electric harbour craft 
It received 55 proposals from 32 international and local companies and consortia.
Industrial rents to grow 0%-3% in 2024: report
Savills cited three factors contributing to the projection.
Net property income of IREIT Global rises 2.3% YoY to €49.9m in FY23
Despite the increase in NPI, the REIT declared a lower distribution per unit.
Andrew MacDonald steps up as Resorts World Sentosa director
He currently serves as the chief casino officer of the integrated resort.
Genting Singapore’s net profit soars 80% YoY to $611.6m in FY23
With the increase, the company declared an 80% YoY higher earnings per share.
Grab bounces back with US$11m profit in 4Q23
In 3Q23, the company recorded a loss of US$391m ($524.8m).
Daily Markets Briefing: STI up 0.05%; Top stock is UOB
UOB is the top stock despite a 2.531% decrease.
Green building adoption in Singapore nears 80%
In APAC, SG stands as the 7th top market for green building adoption.
Budget 2024 propels Singapore's investment-focused growth
^ "https://vimeo.com/915035676"
Budget 2024 saw an “investment tilt” towards promoting green, human, and infrastructure investments.
SIAEC, Thales partner to explore business opportunities in Asia-Pacific
The companies will look into collaborating in areas such as component maintenance, repair, and overhaul.

Exclusives

Information Technology GoodGang Labs forges human-AI persona in avatar-based social platform
The startup plans to expand globally in 2025 after kick starting its platform in Korea and Japan.
Shipping & Marine Hong Kong draws on Singapore for modern, green port development
Smart logistics is an area of collaboration Hong Kong intends to push with Singapore.
Healthcare Startup pushes preventive healthcare through digitalised longevity solutions
Mito Health CEO Kenneth Lou believes their personalised platform can address potential future health concerns and extend lifespan.
Manufacturing Silicon Box breaks bottleneck in chiplet packaging with sub-5-micron technology
The company’s technology reduces chiplet-based system packaging costs by up to 90%.
Budget 2024: 3 tax strategies to offset BEPS 2.0 effects
Should the directive be implemented, selected MNEs will be subject to a global minimum tax of 15%.
Self-storage firms stand out in the growing industry with added services and amenities
In Singapore, StorHub has introduced online booking for storage spaces of various sizes.
Insurance Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.

Join the Singapore Business Review community