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The risk-reduction technique enables participants to lower capital costs and reduce open positions of derivatives.

They claimed that they have become less impulsive. Almost nine in 10 (89%) of Singaporeans have become less impulsive in their spending behaviour compared to two years ago, according to a study by data consultancy firm Kantar. This is in line with their regional counterparts in the Asia Pacific (89%). The study also found that Singaporeans prefer brands that are not new to them, with 97% saying that their most recent purchase are brands familiar to them. Moreover, 64% of them said that they ‘knew a lot’ about the brands. Kantar further noted that over half (52%) of people in Singapore said that their mobile is central to discovering new brands. “Platforms like Instagram are now being used as a central ‘discovery’ channel in many markets, with people scrolling through to find new brands in the same way that they would a physical magazine,” Kantar said in a report. But despite the influx of advertising in various media platforms, 46% of Singaporeans said that the ads they see are not relevant to them. “Consumers in Asia today are far more discerning, making decisions based on a layered understanding of the brand, built up over numerous interactions,” Anita Rao Kapur, regional head of brand for the Insights Division at Kantar, explained.

It received a notice from Frasers Property of its intentions to enter into an arrangement with an unrelated co-investor.

It was fueled by the double digit growth from Australia and Japan. Changi Airport’s passenger movements grew 2.1% YoY to 5.41 million in May, according to an announcement. Northeast Asia and Southwest Pacific traffic was able to offset the decline registered from Southeast Asia and South Asia. Amongst Changi’s top 10 markets, Australia (11%) and Japan (13%) achieved double digit growth. Meanwhile, traffic was weaker for India, Indonesia, Malaysia and Thailand. The airport revealed that aircraft movements dipped 2% to 31,700 landings and takeoffs, whilst airfreight throughput declined 5% to 172,000 tonnes for the month. The announcement also noted that Urumqi Air, a new carrier at Changi Airport, commenced thrice-weekly services to Urumqi, China via Wuhan. Lufthansa has increased its Munich service from six times weekly to seven. For its part, Scoot has added three weekly services each to Kaohsiung and Osaka (Kansai), whilst SilkAir has increased its services to Cairns, from five to seven weekly. New stores and restaurants have also kicked off in the airport, including Sunglass Hut in Terminal 1 and Furla’s new outlet in Terminal 3. In the public areas, Japan Gourmet Hall SORA opened its second airport restaurant in Terminal 1, with three new brands such as Ikkousha, Megumi Maru and Yoshimi, offering a range of Japanese dishes including ramen, mixed rice bowls and katsu curries. New eateries which have opened include Paris Baguette, Canton Paradise and Le Shrimp Ramen in Terminal 3, as well as local specialty product store Wain’s and mini KTV booth Mbar. As of 1 June, more than 120 airlines operate at Changi Airport. With more than 7,400 weekly scheduled flights, an aircraft takes off or lands at Changi roughly once every 80 seconds.

Effective 1 July, four business and client units will report to CEO Loh Boon Chye.

The loan facility from the Bank of China has been extended a further three years to 2026.

Projects in Osaka and Yokohama could yield an aggregate EBITDA of $2.52b by FY 2026.

Its 12-month dividend averaged 6.7%.

Google took up two office blocks totalling 150,000 sqft to house its engineering team.

And the government has set up a Digital Industry Singapore (DISG) office.

Raffles Place/New Downtown is a preferred location for banks and other financial institutions.

Singtel led the gains after its stock grew 0.58%.

Despite suspicions of trading error, the SGX upheld the trade.

A homegrown bank pulled ahead of global rivals like Standard Chartered.

Zilingo merchants and manufacturers can directly access UOB's banking solutions.

The chemicals, precision engineering and electronics industries led the decline.