News

City Developments profits surged 133.8% to $199.56m in Q1

The $144.3m pre-tax gain from the Manulife Centre divestment pushed up earnings.

Daily Markets Briefing: STI down 0.33%

Investment sentiment will likely remain cautious.

Chart of the Day: Rental transaction volume up 4.9% to 21,426 in Q1

There were less vacant flats in Q1, pushing up occupancy rates to a five-year high.

Temasek joins Impossible Foods' US$300m Series E funding round

The startup’s sales in Asia, including Singapore, have risen more than three-fold since March 2019.

CapitaLand unveils rooftop garden design for 39-storey One Pearl Bank towers

About 18 gardens with 200 plots in total will be arrayed vertically at one edge of each tower.

Previews of freehold mixed-use development Parc Komo to open on 18 May

It has 10 blocks of five-storey apartments with 28 commercial units.

Edtech startup Cialfo bags $4.1m in series A funding

The funds will be used to support its US expansion.

SGX RegCo orders Best World's major customer to submit documents on sales and finances

The firm’s independent reviewer will now solely report to the self-regulatory organisation.

Golden Agri Resources profits climbed 53.5% to $25.07m in Q1

It was bolstered by improved performance from its palm, laurics, and other segments.

Olam's profits grew 6.9% to $168.88m in Q1

The higher contributions from edible nuts and cocoa boosted earnings.

UOL properties to get more revamps amidst Draft Master Plan's CBD agenda

It has a retail mall and three hotels in the Marina Bay area. UOL could gain from revamp and redevelopment potential riding on the government’s plan to rejuvenate the CBD, according to DBS Equity Research analysts Rachel Tan and Derek Tan. The firm has a stronghold in the area following its 50% stake acquisition in UIC and its purchase of a minority stake in Marina Centre Holdings (MCH). “UOL now has control over a prime integrated development comprising a retail mall and three hotels fronting the Marina Bay area,” the analysts said in a report.

Oxley's profits skyrocketed 121% to $67.4m in Q3

The group’s total contract value reached $3.7b.