News

Poll: Seven in 10 Singapore executives made business decisions based on inaccurate data

Only 27% of firms agreed they could trust that their finance teams identified all errors to ensure they are reporting accurately.

PropNex absorbs 400 salespersons from Global Alliance Property

Century21 license holder CREG will focus in real estate developments in China.

Sembcorp Marine's Q4 profits sink 94.9% to $5.93m

It blamed losses from the $34m sale of a semi-submersible and continued low business volume.

Great Eastern profits crashed by 29% to $1b in FY18

Operating profit growth from Insurance Business countered its decline.

Singapore bank ROEs to hit over 11% in 2020

Thanks to the shift towards fees and commission in the non-interest income mix.

Daily Markets Briefing: STI down 0.19%

Ongoing US-China trade negotiations may boost local sentiment.

DBS cost-to-income ratio to ease to 43% in 2019

Cost-to-income ratio will dip to 43% from 46.3% in 2018.

Foreign worker policies spur short-term pains for food, retail, and rentals

The dependency ratio ceiling for foreign workers will be cut from 40% to 35%.

StarHub's cybersecurity venture may wipe out $30m in staff cost savings

The firm's cybersecuty business was hit by a $12m NPAT loss in Q4.

Unsold residential units doubled to over 34,000 in 2018

This was driven by the softening en bloc sales.

Mapletree Industrial Trust receives SGX approval to raise $201m via private placement

The proceeds will partially fund the firm’s Tai Seng acquisition.

NODX slipped 10.1% in January

This is the worst NODX performance since October 2016.

Facebook and IMDA kick off accelerator programme

Eleven startups made up the first batch of Startup Station Singapore.

Singapore extends CHAS subsidies for chronic conditions

The subsidies will be extended to cover all Singaporeans regardless of income.