News

Banking sector’s loan exposure to Evergrande ‘insignificant’: MAS

Direct exposures to China’s property sector are less than 1% of non-bank loans. 

Office investment volumes crash 59.7% in Q3

But office investment sales are expected to improve in the next quarter.

SIAEC divests entire 39.2% shares in JV for aircraft parts repair

SIAEC’S stake is pegged at $3.79m (US$ 2.79m).  

ST Engineering strikes largest acquisition with TransCore deal

The deal is expected to be completed in Q1 of 2022.

F&B sales down 6.7% in August

This is a 6% decline from the value recorded in July.

VFlowTech secures US$3m in pre-Series A funding

The financing was led by Wavemaker Partners.

Market Update: STI down 0.7%

SATS, ThaiBev and Jardine C&C showed the most growth.

Singapore retail sales down 2.8% in August 2021

Petrol service stations contributed the most with 23.7% yoy growth.

PayPal regional execs to keynote virtual forum on cross-border e-commerce as holiday season looms

The event aims to prepare merchants to sell cross-border during the holiday rush.

Manufacturing sector expands for the 15th straight month

Singapore's PMI eased slightly by 0.1 points to 50.8 in September.

Sembcorp Industries signs MOU to deliver decarbonised hydrogen to SG

The MOU was also signed by Chiyoda Corporation and Mitsubishi Corporation.

Moneysense kicks off campaign to promote financial resilience

A seminar will be held from 20 October to 8 December.

ESG launches enhanced green financing scheme

This provides 70% risk-sharing to support lending by partner FIs.

SPH REIT net property income up 11.4% YoY

Its distribution per unit is up 98% YoY to 5.40 cents for FY2021.

Lendlease partners with Stora Enso for sustainable construction materials

A new studio for sustainable timber products will be built in Milan, Italy.