News

Hotpot chain founder sets up family office in Singapore

Shu Ping is one of Singapore’s richest people with a net worth of around US$7.7b.

Singapore most open to financial compliance in ASEAN

The region’s diverse economic developments and different regulators are seen as barriers.

MUFG-Grab deal shows Japanese banks' curiosity in SEA

But Fitch warns it could lead to higher costs and put pressure on profits.

$60b eyed for rail network expansion over the next decade

The stage 2 of the Thomson-East Coast Line will be completed in a few months.

Tee International fires ex-CEO and director

Phua Chian Kin was involved in unauthorized remittances in the company.

ADB unveils new Singapore office

It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.

Listed US office REITs post higher yields than SREITs

US office REITs have longer WALEs ranging from four to six years unlike their Singapore peers.

SIA needs to be mindful of capacity cuts with EU obligation

It has been cutting capacity across the globe due to drop in passenger volumes.

Private home sales plunged 38.6% in Q4 2019

Developers held back launches during the festival season.

Hongkong Land Holdings' underlying profit up 4% to $1.49b in 2019

Contributions from the development properties in mainland China drove higher profits.

Dairy Farm's 2019 profits skyrocketed 281.84% to $448.53m

Total sales, supported by its investment in Robinsons Retail, climbed 26%.

Mandarin Oriental sinks into the red with $76.9m loss in 2019

Non-trading items related to the redevelopment of The Excelsior contributed to the loss.

Jardine Matheson Holdings' 2019 profits up 65% to $3.93b

Hongkong Land contributed $1.5b to the group’s total underlying profit.

Keppel Land China to co-develop Taicang residential site for $469m

The site is expected to yield more than 1,000 residential units.

Strait Times Index remains unchanged after March review

MIT, Suntec REIT, Keppel REIT, Keppel DC REIT and Netlink are now in the reserve list.