News

Golden Agri’s net profit surged to $645.5m in 2021

Upstream and downstream businesses contributed to Golden Agri’s stronger performance.

How the Russia-Ukraine conflict will affect the economy

The crisis has clouded SG’s economic outlook, according to Trade Minister Gan.

Mapletree Logistics Trust boosts South Korea presence with $100.3m acquisition

The company's e-commerce revenue exposure in South Korea is expected to increase to 36%.

UMS net profits shoot up 59% to $57.6m

Net profit attributable to shareholders is at an all-time high of $53.1m.

UOL net attributable profit inflates exponentially to $307.4m for FY2021.

Property development revenue increased by 67% to $1.6b. 

Sinarmas Land net profit jumps 33.8% to $235.4m in 2021

The group's debts also decreased significantly with a net debt-to-equity ratio of 8.7%.

Prime home prices rise 3.5% in 2021

In 2022, analysts expect prices to rebound by 2.0%.

SG climbs to 7th rank in City Wealth Index

The city also overtook Hong Kong as the second top Asian city.

Yanlord Land Group profit up 10.5% YoY to $867.77m for FY 2021

There was 2.5% increase in profit attributable to owners of the company.

Singapore, Vietnam sign MOU to boost economic, trade ties

This includes managing business partnerships and deepening agri-trade cooperation. 

Two freehold commercial units in East Coast up for sale at $23.8m guide price

The sale will be conducted through an Expression of Interest exercise.

DBS, OCBC, UOB: Who performed best in Q4 2021?

One of the three failed to meet market expectations.

Chart of the day: Service industry business receipts grew 15.4% YoY in 2021

The business receipts indices from 2019 to 2021 showed an upward trajectory.

Market update: STI down 1.65%

ST Engineering was seen with the most growth.

Elite Commercial REIT invests $22.7m to improve UK-occupied assets

The asset enhancement works will take about three years.

Government to block certain Russian banks, financial transactions

It is also imposing export controls on items that can be used as weapons.