Singapore

Globalisation of the economy has resulted in a shift in the way Singapore corporations operate – from local country-specific business models, to global integrated supply chains which centralise functions at a regional or global level.

Nearly half or 40% of total group operating profit already comes outside Singapore.

It blamed weaker palm oil prices despite higher sales volumes.

It plans to boost its network of over 600 customers in the Asia Pacific region.

It will expand its data science and curriculum team to upgrade its learning platform.

This will mark its first entry into Asia.

The property sits on a 3.33-ha freehold site with a net lettable area of 14,833 sqm.

SMEs can acquire integrated warehousing services on a pay-as-you-use basis.

Rents in the CCR led the increase at 2.8%.

The 214,284-sqm property has a three-storey warehouse and two 14-storey support buildings.

It only received a draft from the Middle Eastern utility’s advisors.

Gross floor area delivered to customers shrank from 83,867 sqm to 68,737 sqm.

Its underlying net profit dipped 21% as its Airtel business continued to incur losses.

Its profit from its energy business grew 21% to $85m. Sembcorp Industries started the year on a positive note as profits climbed 21% YoY to $93m in Q1 from $77m in the same period a year ago, thanks to the improved performance from its energy business.

Its aerospace sector recorded a 6% profit increase to $62.7m.

About 400 delivery partners will be affected.