News

SingPost's turnaround may take three years as US losses widen

Higher terminal dues and tough competition in the logistics segment may further affect the firm’s business prospects.

Maybank transfers community financial services business to Singapore subsidiary

As a result, 1,850 employees will be transferred from the branch to the subsidiary.

SingPost enables postmen to track deliveries with mobile app

It also unveiled a logistics software that creates e-commerce ecosystems for retailers and logistics providers.

MAS seals $13.76b financial deal with Bank of Indonesia

It will make a local currency bilateral swap agreement where both central banks can exchange up to $9.5b.

Top five REITs total returns averaged 5.7% in October

Ascendas India Trust saw the biggest return of 6.9%.

Venture profits crashed 27.5% to $80.79m

Revenue was hit by customers' planned transition to new products.

Sembcorp to build 6.2MWp rooftop solar farm in Singapore

The panels are expected to power more than 1,500 four-room HDB flats for a year.

Singapore assessing 2019 forecasts amidst escalating trade spat: Finance minister

Singapore has already witnessed a slash in business investments amidst the looming trade wars.

Great Eastern denies claim of $659.76m contribution to Malaysian insurance fund

It is still in talks with Malaysian authorities for options on meeting foreign ownership rules.

ComfortDelGro buys two Buslink companies in Australia for $165m

The companies operate a fleet of 401 buses across four Australian states.

DBS profit balloons 72% to $1.41b in Q3

Strong lending and fee income figures boosted quarterly earnings.

Daily Markets Briefing: STI up 1.81%

Trade concerns could weigh on the local bourse today.

Manufacturing PMI falls to 51.9 in October

The factory output index is at its lowest since July 2017.

Qualifying cross-border financing deals with Chongqing hit $5.78b in August

Bond issuance by Chinese issuers in Singapore almost doubled in 2017 to reach $18b.