News

Singapore boosts US ties on infrastructure, digital economy and cybersecurity
16 Nov 18
They will explore cooperation on standards development and technology partnerships.
Singapore geared to produce next unicorn: study
16 Nov 18
6 in 10 CEOs think that Singapore has macroeconomic strength as well as a talent pool.
NODX climbed 8.3% in October
16 Nov 18
It was driven by the 12.8% growth in the non-electronic segment.
Singapore's Energy Market Company to help firms pick electricity retailer in 15 minutes
16 Nov 18
It launched a procurement portal, PowerSelect, which also houses electricity futures data.
TADA Taxi app kicks off in Singapore
16 Nov 18
It will have an instant cashout system for drivers.
Keppel Infrastructure Trust to buy Australian chemical firm Ixom for $775m
16 Nov 18
It will allow Keppel to gain a foothold in the water treatment sector.
Daily Briefing: Wilmar may invest up to $1.38b in Russian soybean production; Lee warns ASEAN may need to choose over US or China amidst trade war escalation
16 Nov 18
And Scoot to move its operation to Changi Airport Terminal 1 by 2019.
Daily Markets Briefing: STI up 0.37%
16 Nov 18
Wall Street's gains could uplift the local bourse today.
Chart of the Day: Q3 industrial investment sales climbed 52.3% to $1.2b
16 Nov 18
Mapletree Logistics Trust bought five warehouses in West Region for $730m.
Golden Agri's 6% output growth trailing behind peers and industry: analyst
16 Nov 18
The firm’s ‘floating rate’ borrowings also pose a threat to its earnings.
New private home sales plunge 47.7% in October as developers market less projects
15 Nov 18
This translates to 932 sold units.
SIA's profits may continue descent as passenger yields lose altitude
15 Nov 18
It was also hit by a 24% YoY hike in jet fuel costs.
Retail rents in hyper-expensive Singapore are still cheaper than Hong Kong
15 Nov 18
Leasing costs are at US$308 psf per year.
Chinese business to extend CapitaLand's winning streak in Q4
15 Nov 18
It expects to recognise around $1.27b of revenue from China by Q4.
ST Engineering positions for growth as aerospace unit takes flight
15 Nov 18
Aerospace sales are poised to grow by 26.2% in 2019.
Wilmar set to weather through trade jitters
15 Nov 18
It is poised to be the largest downstream player in palm oil processing.
MAS mulls new fintech sandbox with faster approvals
15 Nov 18
Approval decisions for applications will be granted within 21 days.
Daily Markets Briefing: STI down 0.34%
15 Nov 18
Expect little gains today.
Daily Briefing: Nearly 10,000 broadband users hit by outage; Keppel Land unveils AI-powered home
15 Nov 18
And EDBI has pitched in for the latest funding round of a US startup.
Chart of the Day: Commercial property sales hit $2.2b in Q3
14 Nov 18
One notable transaction was the $908m sale of OUE Downtown's office component.
SGX ties up with Bank of China and CFETS to globally promote bond indices
14 Nov 18
SGX will be the first exchange to distribute bond indices outside China.
Medical inflation in Singapore to hit 10% in 2019
14 Nov 18
Cancer and cardiovascular issues are pushing the medical plan costs up.
9 in 10 Singapore family businesses positive on growth
14 Nov 18
But only 8% have a formalised succession plan for their next generations.
Olam International Q3 profits fell 14.2% to $20.7m
14 Nov 18
It blamed tough trading conditions in coffee and weaker performance from its peanut business and commodity financial services.
Golden Wall Centre up for collective sale at $260m
14 Nov 18
It could be transformed into a mid-sized hotel development.
CapitaLand Q3 profits jumped 13.6% to $362.22m
14 Nov 18
The increase was due to higher operating income and gains from asset recycling.
SGX to launch new securities settlement and depository system
14 Nov 18
It will cut its securities settlement cycle from three to two days.
HDB rents rose 0.3% in October
14 Nov 18
Rents for HDB three-rooms grew 1%.
ST Engineering profits up 5.3% to $134.59m in Q3
14 Nov 18
Earnings per share grew 5% to $0.432.
Private condo rents dipped 0.7% in October
14 Nov 18
Rental volumes fell 1.7% to 4,207 rented units.
SIA Q2 profits dropped 80.9% to $56.4m in Q2
14 Nov 18
It blamed a 40% increase in jet fuel costs and share losses from Virgin Australia.
Daily Briefing: EDBI joins $55.14m funding round for US tech firm; MOH lays out benchmarks fees for surgical procedures in private hospitals
14 Nov 18
And Kent Ridge Hill Residences sell 46% of units in weekend launch.
Chart of the Day: See how TPG's entry could impact incumbents' mobile service revenue
14 Nov 18
Singtel could be an outlier as its EBITDA could expand through higher associate earnings and lower group digital life losses.
Daily Markets Briefing: STI down 0.47%
14 Nov 18
Wall Street's muted performance could keep the local sentiment cautious today.
UOL profits plummeted 85% to $92.81m in Q3
14 Nov 18
Revenue from property development crashed 43% to $164.96m due to the completion of some projects.
MAS to set up $6.90b fund for PE and infrastructure investments
13 Nov 18
It is geared towards PE and infrastructure fund managers that are deepening or establishing their Singapore presence.
HDB launches over 7,000 flats for sale
13 Nov 18
Prices range from $87,000 for a two-room Flexi SBF unit to $472,000 for a five-room BTO flat.
ComfortDelGro's earnings to turn up in Q4 onwards as rail riders increase: analyst
13 Nov 18
Its $138m corporate venture fund and 4.3% fare hike effective December may boost revenue.
Golden Agri-Resources hit by $74.51m loss in Q3
13 Nov 18
Revenue from the oilseeds segment dropped 23.2% to $499.93m.
Oxley's Q1 profits plummet 83% to $8.06m
13 Nov 18
It blamed lower revenue contribution from projects in Singapore and overseas.

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