News

Singtel's cross-border mobile payment alliance VIA welcomes Japan's NETSTARS

The partnership will add 100,000 stores to VIA’s 1.6 million merchant partners.

Singapore's export and manufacturing woes spur economic slowdown in 2019

GDP growth is expected to decline to 2.4% in 2019 from 3.2% in 2018.

Only one in four construction SMEs paid their debts on time in Q4 2018: report

Weak activity was attributed to lower than anticipated construction demand for both the private and public sectors.

SBR National Business Awards 2019 opens nominations

Entries are now accepted from trailblazing local businesses in Singapore.

Singapore banks' credit costs to rise 5bp in 2020

The IFRS9 will require banks to set aside for anticipated losses.

YuuZoo shuts down; CEO resigns over trade suspension

It also blamed IRAS’ seizure of its funds that disabled it from continuing operations.

Hyflux admits $2.81b of claims after adjudication

It rejected a $502.61m claim for the Magtaa desalination plant in Algeria.

CapitaLand CEO Lee Chee Koon receives remuneration of $4.2m in 2018

In total, the company issued around $18m in remuneration packages for its 13 executives.

NODX edged up 4.9% in February

The 9.4% YoY growth in non-electronic NODX outweighed the decrease in electronics.

Chart of the Day: Construction sector employment shrinks by 7,100 in 2018

This was attributed to a moderation in the decline in Work Permit Holders.

SIA passenger load factor up 0.3ppt to 81.2% in February

Passenger carriage rose 8.8%, slightly outpacing capacity injection of 8.3%.

Developer sales jumped 18.5% to 455 units in February

50.8% of the sales were in the Outside Central Region.

PropNex calls to suspend stamp duty for HDB upgraders

The 12% stamp duty adds to homebuyers’ burden of 20% CPF and cash home payment, it said.

Crypto exchange platform Quoine found liable for reversing bitcoin trades: court

B2C2 will claim damages from breach of contract and breach of trust.