News

Sasseur REIT net income up 47.8% as Chinese malls recover

Sasseur REIT net income up 47.8% as Chinese malls recover

Sales at malls owned by Sasseur REIT rebounded one year after they were temporarily closed shop due to the pandemic.

Academia, Singapore LNG, and Subarna Jurong to study green data centre feasibility

Together, the groups will study the possibility of using liquid cooling technology and solar energy in data centres.

Singapore-based Digital Edge acquires two data centers in Japan

The company now has six data centers in its portfolio.

HDB rental rates rise for 11th straight month

Rents rose whilst more than 100 condo and HDB units were freed up in April.

Four in five Singaporeans uncomfortable with sharing data on social media: study

Singaporeans are some of Asia's most on guard when it comes to their data online.

ST Engineering, Temasek JV targets $800m portfolio in five years

The joint venture was formed to capture freighter aircraft demand.

IT consultancy Prontastic Group to open Singapore office

This is in response to the growing demand in Southeast Asia.

Government to support SPH restructuring proposal: Iswaran

The Minister for Communications and Information S Iswaran has said the government is willing to help SPH's media business go non-profit.

Fraser and Neave net profit up 16% to $83.4m

Fraser and Neave's net profit was driven by higher beer sales during the pandemic.

Singapore life insurers post 29% jump in weighted new premiums for Q1

Single-premium products grew 85% QoQ in weighted premiums.

Singapore commercial property market activity leaps by 200%

Singapore is amongst those countries building momentum in the commercial market this year.

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.