News

Singapore investment banking fees down 24.8% to $234.26m in Q1

Advisory fees from M&As plunged 63.6% even as deal numbers rose.

SIA upsizes 3.03% five-year bonds to $750m

The final placement size is at $300m whilst the public offer size is at $450m.

NTUC FairPrice vs. Sheng Siong: which is cheaper?

A recent survey looked at which supermarkets offered the best deals, and the results may surprise you.

Auto marketplace Carro unveils car subscriptions in Singapore

The priciest plan allows users to rent a Mercedes or BMW for $1,999 a month.

Singapore's gender pay gap higher than official estimates at 12.8%: study

The average base pay was $71,631 per year for men and $61,653 for women.

DBS CEO Piyush Gupta's pay rose 15.5% to $11.68m in 2018

The bank’s earnings hit a record high of $5.36b, up 28%.

GIC buys 25% stake in Netherlands-based hotel operator citizenM

The sovereign wealth fund is looking to expand its portfolio of affordable luxury in urban markets.

ST Engineering to buy Belgium satellite communications firm Newtec for $383m

The proposed acquisition will add intellectual property, products, and market access in Europe.

Luxury site D'Grove villas up for sale at $398m

The 21-storey and 45-unit development has a site area of 50,400 sqft.

SGX buys 20% stake in e-trading firm BidFX for $33.9m

CEO Loh Boon Chye will now join the board of BidFX.

Chart of the Day: Rent and labour costs account for 75-78% of food service and retail companies' opex

For food retailers, staff costs are typically 10-12% of sales and 42% of total opex.

URA eyes more homes for Singapore Downtown in 2019

Its Draft Master Plan 2019 includes turning Anson Road, Cecil Street, and Tanjong Pagar into urban neighbourhoods.

930,000 HDB households to receive $132m of S&CC rebate

Eligible Singaporean households will receive 1.5 to 3.5 months of S&CC rebate, depending on their HDB flat type.

SIA inks deal to integrate DBS' PayNow payment option

The firms will also introduce a DBS-SIA point conversion programme via the KrisPay app.