News

Chart of the Day: Property buyers from Taiwan and Korea grew in Q1

But China remains as the top foreign property buyer in the country.

UOB to reduce reliance on Singapore

Nearly half or 40% of total group operating profit already comes outside Singapore.

Edtech startup Geniebook raises $1.5m in pre-series A funding round

It will expand its data science and curriculum team to upgrade its learning platform.

SingPost ties up with Synagie to provide on-demand warehousing

SMEs can acquire integrated warehousing services on a pay-as-you-use basis.

Condo rents rose 2.4% in April

Rents in the CCR led the increase at 2.8%.

EC World REIT buys Fuzhou E-commerce properties for $220.97m

The 214,284-sqm property has a three-storey warehouse and two 14-storey support buildings.

Hyflux refutes reports of Utico's binding offer submission

It only received a draft from the Middle Eastern utility’s advisors.

Singtel's profits crashed 43.5% to $3.10b in FY2019

Its underlying net profit dipped 21% as its Airtel business continued to incur losses.

Sembcorp Industries' profits jumped 21% to $93m in Q1

Its profit from its energy business grew 21% to $85m. Sembcorp Industries started the year on a positive note as profits climbed 21% YoY to $93m in Q1 from $77m in the same period a year ago, thanks to the improved performance from its energy business.

ST Engineering's Q1 profits grew 11% to $131.1m

Its aerospace sector recorded a 6% profit increase to $62.7m.

City Developments profits surged 133.8% to $199.56m in Q1

The $144.3m pre-tax gain from the Manulife Centre divestment pushed up earnings.

Daily Markets Briefing: STI down 0.33%

Investment sentiment will likely remain cautious.

Chart of the Day: Rental transaction volume up 4.9% to 21,426 in Q1

There were less vacant flats in Q1, pushing up occupancy rates to a five-year high.