News

Government to upgrade ASEAN development initiative through tech

The centres in Vietnam, Cambodia and Laos will be upgraded to Singapore Cooperation Centers.

SingPost Q1 profits plummeted 40.4% to $18.72m

Its post & parcel and e-commerce segments performed poorly.

Singapore's wealth makes it a prime target for hackers

The 'hyperconnected financial hub' is home to $613b of bank deposits.

UOB unveils plans to launch ASEAN digital bank

It will tap on mobile-first and mobile-only customers.

Sembcorp Industries H1 profits dipped 7.9% to $158.57m

It blamed losses in its marine and construction businesses.

UOB profit up 28% to $1.08b in Q2

Earnings were boosted by net interest income which hit $1.54b.

Chart of the Day: See how HDB flats' resale volume recovered from 2015

It is expected to rise further with about 76,000 flats completed from 2014 to 2017.

Ascendas Hospitality Trust NPI decreased 9.3% to $20.2m in Q1

Proceeds from the sale of its two Beijing hotels trimmed its debt.

Singapore SMEs beat APAC counterparts in export earnings

Their average annual revenue hit US$1.75m which is higher than the APAC average.

Manufacturing PMI down 0.2 ppt to 52.3 points in July

The slowdown was fueled by slumping growth in new orders, new exports, and factory output.

Robinson 77 up for sale at $725m

Another 74.5 years are left on the lease with the building 91% occupied.

Only 3 in 10 bosses sure of digital tie-ups' value to businesses

They also deal with internal conflicts whilst responding to digital disruption.

Sheng Siong could be a takeover target amongst online players: analyst

Its store network and logistics chain could attract those who are taking the online-to-offline route.

88% of Singaporeans unhappy about property market due to prices

About 27% think condo prices will climb by over 10%.