News

Genting Q4 profits fell 29% to $133.99m

But its revenue rose thanks to the strong performance of its leisure and hospitality segment.

Otto Marine floundering under $1.16b debt pile

It is one of several oil & gas firms still struggling to float after a plunge in crude prices caused contracts to dry up.

Accommodation prices were 5.3% cheaper in January

Service & Conservancy Charges (S&CC) rebates were given to HDB households in January 2018.

ST Engineering's profits down 1.1% to $168.5m in Q4

Its marine sector’s earnings plunged 96.8% due to shipbuilding losses.

Sembcorp Industries profits crashed 84.6% to $22.8m in Q4

It was hit by a $35m loss due to the poor performance of its marine rig business.

Sembcorp Industries to launch Indian IPO

It will sell utilities assets that are expected to yield $500m, adding to the proceeds of the IPO.

Wilmar's profits grew 25.4% to $1.58b in 2017

Oilseeds & Grains profit rose to $272.33m thanks to stronger sales.

Chart of the Day: Expected hotel supply to fall in three years

The government is deliberately slowing hotel development after supply overflowed before 2017.

S-REIT index funds to lure capital after tax disclosure changes

Analysts project higher demand for S-REITs after prices dropped 8-9% in January.

Sheng Siong profits climbed 11.4% to $69.79m in 2017

The opening of its new stores contributed the most to its revenue of $829.88m.

UOB discretionary portfolio assets tripled in 2017

It identified client segments that preferred DPM solutions for their investments.

Standard Chartered's Singapore-based operations to merge with local unit

This will triple its assets and add its large banking businesses.

Nearly $5m of statutory bonds to expire in 2021

Outstanding bonds are now around $26.7b.

MAS likely to tighten monetary policy: analysts

They were encouraged by Finance Minister Heng Swee Keat’s statement that the budget position for 2018 will remain expansionary.