News

Singapore investors ramp up cross-border commercial real estate activity in Q1

Trade volumes in the Singapore to Australia routes ballooned 141% to $3.5b.

SIA Engineering full-year profits crashed 44.61% to $184.1m

It sold its 10% stake in Hong Kong Aero Engine Services.

Property pickup buoys Singapore banks' glowing growth prospects

Housing and bridging loans are expected to receive a boost from the price boom.

ThaiBev half-year profits down 35% to $387.25m

The weak performance of its spirits and beer businesses pulled profits down.

Keppel sells 5 jackup rigs to Borr Drilling for $1b

It expects 1 rig to be delivered in 2019 and 4 others in 2020.

Chart of the Day: Can Singapore banks handle credit growth in 2018?

Loan/deposit ratios remained below 100%, allowing the banks to accommodate credit growth.

Daily Briefing: Carousell to launch digital wallet; Singapore-grown SEA's e-commerce losses doubled

And here's what you could have missed on Noble's debacle with shareholders and creditors.

GIC, Frasers Property, and JustCo invest $237.89m to develop co-working spaces

The investment will help JustCo expand into eight other Asian countries.

Wilmar looks to rice and flour to offset soybean business weakness

It is looking to grow its rice and flour segment, which accounts for 10% of the oilseeds and grains.

ERA Realty Network launches Grab-like feature for property agents

Users can search and choose online agents that they can connect with in real time.

SIA passenger load factor up 1.9 ppt to 82.7% in April

Its passenger carriage of 8.6% beat capacity injection at 4.3%.

Noble Group Q1 losses shrank 45% to US$71.55m

Disposal of its assets resulted in the retirement of US$3b revolving credit facilities.

LTA to buy 100 3-door buses

They will be deployed on the road in 2020.

Transport management startup VersaFleet raises $2.8m in pre series A funding

It automates delivery and pickup tasks for nearly 100 companies.

Private home sales soared 68.1% to 1,325 units in April

Rivercove Residences sold 512 units and bolstered this month's sales figure.