News

OCBC CEO Samuel N. Tsien's salary up 10.42% to $10.70m in 2018

The bank’s full-year profits rose 11% YoY to $4.49b.

CapitaLand Mall Trust to issue $407.1m notes at 3.61%

These will refinance debt and property revamps.

Singapore inks fintech innovation deal with Cambodia

Both countries will share information on emerging market trends and financial regulatory issues.

Nomura slashes eight of nine equity research jobs in Singapore

It has been grappling with overseas and domestic losses for four straight quarters.

Chart of the day: Share buybacks in March hit $53.5m

This was two-thirds higher than the buyback consideration of $31.9m filed in February 2019.

Hyflux falls out of SMI investment over restructuring battle

The utility said it has no confidence that SMI is prepared to complete the investment even if the restructuring gets completed.

German conglomerate thyssenkrupp to launch 3D printing hub in Singapore

It will focus on additive manufacturing of metal and plastic for clients in heavy industries.

Frasers Property in talks to sell stake in Frasers Tower

The developer bagged a $1.2b loan for the property’s development in 2018.

COE prices close higher in first half of April

Premiums in the open category leapt 17.58% to $48,209.

HDB resale prices inched up 0.2% in March

Prices were down 13.7% from the peak in April 2013.

UOB CEO Wee Ee Cheong's salary rose 12.58% to $10.56m in 2018

The bank’s full-year profits rose 18% thanks to loan, card, trade, and fund management fees.

Rising PMI could signal stabilising manufacturing environment: analysts

The increase was in line with improving PMI readings in Vietnam, China, Thailand and South Korea.

Singapore's PMI up 0.4 point to positive territory in March

Growth in new orders, new exports, factory output, inventory, and employment level boosted the figure.

SingPost quits US e-commerce businesses

It believes it has more advantage in Southeast Asia and the Asia Pacific regions.

1 in 2 fares will be paid through contactless modes by 2024: UOB

LTA's SimplyGo contactless payment system will launch on 4 April.