News

Public aid boosts SBS Transit net profit to $50.32m

Public aid boosts SBS Transit net profit to $50.32m

The public transport operator received $18.57m as part of the government's COVID-19 relief programme.

Keppel offshoot gets US$2.3b contract to build Petrobas vessel

Keppel Shipyard has been contracted to build a floating production, storage and offloading vessel for Brazil's national oil company.

April's condo resale volumes smash 11-year record

Demand is expected to remain healthy thanks to HDB upgraders and delays in new housing projects.

BioNTech establishes Singapore's first mRNA vaccine manufacturing facility

Singapore was the German biotech company's clear choice for its Asia Pacific regional headquarters.

PropNex's net profit balloons by 96.7% in Q1 amidst market recovery

Net profit after tax rose to $16.18m in Q1, 2021 from $8.22m a year earlier.

Malaysia Business Awards picks top local and international companies this year

The awards were handed via digital and studio awards presentations.

Find out who won at the Malaysia Technology Excellence Awards 2021

Around 50 companies were awarded via studio and virtual awards presentation for this annual event.

Businesses struggle to cope with lack of foreign manpower: SBF

The Singapore Business Federation says the country should not completely close its borders to foreign workers.

Singapore amongst the most preferred arbitration hubs in 2021

It shares the top post with London after both scored 54% in the global survey.

Eagle Hospitality REIT fails to sell Texas property

The potential buyer of Crowne Plaza Dallas Near Galleria-Addison did not follow through with on time payment.

MPA launches first ship-to-ship bunkering of an LNG-fuelled oil tanker

The bunkering operation was carried out in partnership with FueLNG Bellina.

Changi Airport to test 9,000 workers, shortens rostered routine test cycle

Changi Airport Terminal 3 Basement 2 will be closed to the public, starting May 10.

Stricter seaport regulations implemented following four positive COVID-19 cases

Expect more frequent testing for fronline workers and stricter zoning measures.

Net profit of petrochemical specialist Sinostar surges to $15.36m in Q1 2021

The company has bounced back after a net profit loss in the same period last year.

DBS doubles its grant programme for social entrepreneurs to $3m

The DBS Foundation has increased its funding pool to support social enterprises.

Drone startup Performance Rotors takes off with new funding from EDB New Ventures

The fresh capital will help their expansion through Asia, Europe and the US.

Singapore, Abu Dhabi launch smart city innovation call

The two cities have called for solutions on advancing the agenda of smart cities, to be tested in Abu Dhabi.