News

Keppel's Q1 profits jumped 33.7% to $337.47m

Growth was led by the property division, whose profits surged by 298% to $378m.

ST Electronics bagged contracts worth $635m in Q1

It secured a maintenance contract for lighting systems for an unnamed Asian operator.

Tender for Singapore-Malaysia rail project extended to December

Bidders have requested an extension to develop their submissions.

IHH Healthcare offers Fortis buyout at $796m

It is neck-to-neck with three other bidders for India's second largest hospital group.

Ascott REIT's Q1 results hit by weak corporate demand in Singapore

Revenue per available unit fell 7%, causing the surprise of some analysts.

MAS tightening to bolster Singapore banks' performance

Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.

ComfortDelGro adds 1,100 London drivers to fleet on UK expansion

It bought a London taxi circuit operator Dial-a-Cab for $2.2m.

Goldilocks rejects Noble's director nominees for re-election

It attacked the points made by chairman Paul Brough in a letter to shareholders.

Singapore's industrial property market is bottoming out

Overall industrial leasing activity jumped 35% YoY in the first two months of 2018, the strongest since 2013.

Sheng Siong's 'bad' store locations are growth areas: RHB Research

Analysts see opportunities in outlets located away from malls such as Fernvale Street and Edgedale Plains.

Keppel REIT Q1 net property income down 0.6% to $31.22m

Its property income from 275 George Street crashed 26.5% to $3.74m.

Tax managers' median salary hits $130,000 amidst high demand

Moreover, 99% of CFOs are willing to award pay rises to an average of 25% to their finance staff.