News

Singapore banks shake off oil & gas loan burdens

O&G debts made up 2%-3% of their total loans.

GIC aims to invest $2.62b in North American data centres

It bought land in Arizona to start building a data centre.

Brookvale Park sold en bloc for $530m

Owners will receive proceeds worth $2.5m to $4.4m.

ThaiBev to lead beer industry by 2020

Its current beer market share increased to 40%.

Get ready for MAS tightening in April

The central bank has previously kept its neutral stance.

OCBC's net profit to grow to $4.89b in 2018

This will be driven by the rising loan growth, and easing of oil and gas woes.

UOB's net profit to rise to $3.83b in 2018

This will be driven by strong loan growth.

Singapore is the second "least miserable" country in the world

Thailand beat Singapore by 0.9 point in Bloomberg's Misery Index.

ThaiBev's profits plunge 60.98% to $126.9m in Q1

Agents' inventory destocking dragged local alcohol sales.

StarHub's profit fell 27.1% to $249m in 2017

It was dragged by lower profit from operations.

Chart of the Day: Government spending dipped by 2% to $53.7b in 2017

Operating expenses rose by 7% due to social spending.

Analysts cautiously raise GDP growth forecast for 2018

This is after Singapore GDP growth slowed down to 3.6% in Q4.

SIA's passenger load factor dips 0.1 ppt to 81.1% in January

It is balancing yields against loads amidst price pressures.

Cairnhill Mansion sold en bloc for $362m

It will be redeveloped to yield 200 units.