News

OCBC Q1 profit rises 5% to $1.97b on fee gains

Net interest income fell, but wealth-led gains and higher fees lifted total income.

AI-driven layoffs could erode firms’ competitive edge: Jasmine Lau

Authorities are reviewing support gaps in the workforce support.

Thailand hit weighs on Frasers property; H1 profit down 38%

Higher development contributions lifted PBIT despite weakness in reported earnings.

Amazon.sg to phase out local fulfilment as it expands international store

The shift will give Singapore customers access to more products from Amazon’s US, Japan, and Germany stores.

Rex International appoints Mike Hopkinson as COO

Hopkinson replaces retiring COO Svein Kjellesvik and will support Rex’s operations.

Sun Life reported income falls 49.9% to $340m in Q1 2026

Underlying earnings per share stood at C$1.9 in the quarter.

Daily Markets Briefing: STI up 0.3%; Top stock is Hongkong Land

Hongkong Land is the top stock with a 9.16% increase.

AI transition must avoid worker‑business clash, Minister Tan says

Only 6% of AI adopting firms reported workforce reductions in MOM survey.

Singapore rated strong on AML controls in FATF review

FATF places SG on regular follow-up, citing robust AML/CFT framework.

AIMS APAC REIT FY2026 NPI climbs 5.7%, DPU up to 9.850 cents

Income growth was supported by rental reversions and stable occupancy.

StarHub Q1 profit plunges 81% to $5.9m on weaker consumer revenue

Revenue, EBITDA and cash flow declined even as enterprise and cybersecurity offset losses.

Vin’s Holdings settles $44,300 irregular transactions tied to ex-GFC tenure

The company settles irregular payments linked to former finance chief with instalment plan.

Category B COE closes at $126,236 amidst tight May bidding

The category recorded 1,332 bids against the 883 COE quota.

UOB’s Q1 earnings slip to $1.4b on weaker interest income

Fees and trading supported results as margin pressure and rates constrain earnings.

SATS deepens China footprint with 90% stake in NWA

The deal gives SATS majority control of the China-based aviation food producer.

Singapore Airlines extends Dubai flight suspensions until August

The airline had previously suspended the route until 31 May.