Singapore

United Engineers 2017 profit dropped 36% to $89.57m

United Engineers 2017 profit dropped 36% to $89.57m

United Engineers profits dropped 36% YoY from $140.58m to $89.57m in 2017, mainly due to the absence of profit from its discontinued Multi-Fineline Electronix, Inc. operations. Profit from continuing operations increased 227% YoY to $89.6m.

OUE 2017 profits down 31.5% to $98.87m

Its revenue fell after the sale of the extension to Crowne Plaza Changi Airport.

How Singapore companies can grow globally in a post-globalisation world

Singapore’s 2018 Budget includes a new Enterprise Development Grant (EDG) designed to help firms internationalise. This is welcome news, but with today’s growing climate of global protectionism and fragmentation, it will take more than grants and tax breaks to help firms navigate overseas expansion in this post-globalisation era.

ST Engineering's profits down 1.1% to $168.5m in Q4

Its marine sector’s earnings plunged 96.8% due to shipbuilding losses.

Sembcorp Industries profits crashed 84.6% to $22.8m in Q4

It was hit by a $35m loss due to the poor performance of its marine rig business.

Sembcorp Industries to launch Indian IPO

It will sell utilities assets that are expected to yield $500m, adding to the proceeds of the IPO.

Wilmar's profits grew 25.4% to $1.58b in 2017

Oilseeds & Grains profit rose to $272.33m thanks to stronger sales.

Payment options for e-commerce businesses in Singapore

Singapore’s e-commerce market is slowly positioning itself as a key player in the country’s retail industry. E-commerce is expected to make up 6.7 per cent of all retail sales in the city-state come 2025, triple that of the 2.1 per cent figure in 2015. The net worth of the e-commerce industry was estimated to reach more than US$5.4 billion (S$7.46 billion) in the next seven years, according to a 2017 financial report by Google and investment firm Temasek Holdings.

Chart of the Day: Expected hotel supply to fall in three years

The government is deliberately slowing hotel development after supply overflowed before 2017.

S-REIT index funds to lure capital after tax disclosure changes

Analysts project higher demand for S-REITs after prices dropped 8-9% in January.

Sheng Siong profits climbed 11.4% to $69.79m in 2017

The opening of its new stores contributed the most to its revenue of $829.88m.

Is the worst over for S-REITS?

After a 7% dip on rising bond yield fears, the bulls remain optimistic.

UOB discretionary portfolio assets tripled in 2017

It identified client segments that preferred DPM solutions for their investments.

Standard Chartered's Singapore-based operations to merge with local unit

This will triple its assets and add its large banking businesses.

Nearly $5m of statutory bonds to expire in 2021

Outstanding bonds are now around $26.7b.