News
Liquidation of Midas Holdings' subsidiaries gets go-ahead
Liquidation of Midas Holdings' subsidiaries gets go-ahead
Midas said it is insolvent, its assets are not enough to cover its reported liabilities and prospects of rescue appear dim.
Uber's back: Asia Pacific HQ unveiled in Tanjong Pagar
The space occupies 2,000 sqm and employs about 165 people.
UBS' proposed relocation to 9 Penang to boost Suntec REIT: analyst
The development yield is said to be higher than the sub and mid 3% yields for stabilised office assets in Singapore.
KPMG struggles to spot regulatory breaches at IHH Healthcare Berhad
A previous probe about the firm saw inter-corporate deposits and ties with Fortis’ former major shareholders.
SIA Engineering Company inks $1.4b services deal with SIA
SIAEC will provide MRO and fleet management support services to SIA’s fleet.
Half of firms paid their dues on time in Q1
Apart from the construction sector, slow payments have improved across four industries.
Keppel FELS enters novation agreement with Borr Drilling
Borr Drilling will take over the construction of the jackup rig for BOT Lease Co.
Restructuring won't kill Hyflux probes: SIAS
The restructuring scheme would only discharge the company but not its management.
Regional gains boost Singapore bank loans amidst weakening domestic demand
Regional loan growth of 0.3% outpaced domestic loan expansion of 0.2%.
Singapore and EU adopt equivalence decision for derivatives trading venues
Singapore firms will be able to use EU’s trading platforms and vice versa.
Olam clinches three-year digital loan for $474.35m
It will support the firm’s efforts towards digital transformation.
Daily Briefing: Luxury home prices down to all-time low at 2.9%; Taxpayer money will not be used to aid Hyflux investors
And Singapore-based offshore & marine company Swiber bags $200m from Seaspan Corporation.
Chart of the Day: Condo listings under mortgagee sales grew 26.7% in Q1
Private condo listings under mortgagee sales grew due to higher mortgage payments arising from growing interest rates.
Daily Markets Briefing: STI up 1.17%
Expect muted gains today.
Auction sales crashed 42.1% to $11.57m in Q1
It is attributed to buyers adopting a ‘wait-and-see’ attitude, waiting for upcoming new launches.
500,000 seniors to receive Merdeka Generation Package letters by end-April
Eligible seniors can expect to receive a one-off $100 Passion Silver card top-up and an annual $200 MediSave top-up for five years.
SIA Engineering-NokScoot joint venture to kickstart in Thailand
The joint venture will commence operations in Don Mueang International Airport.
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