News
Rex Int. records 10,160 barrels per day from Norway and Oman in November
Rex Int. records 10,160 barrels per day from Norway and Oman in November
Brage and Yme fields contributed 7,493 boepd; whilst Yumna field contributed 2,667 stb/d.
7 in 10 Singaporeans financially struggle with partners: survey
Couples identified unexpected expenses as a leading cause of stress.
Consumer sector faces mixed prospects despite brighter FY25F outlook
It cited SSG and THBEV as top picks, with potential upside driven by improved revenue momentum.
DBS renews lease with Keppel Reit
The lease will last for six years.
Singapore leads GenAI learning boom in Southeast Asia
This followed findings that 7 in 10 SG leaders will not hire candidates lacking AI skills.
Singtel and StarHub forecasted for low revenue growth but strong earnings in 2025
CGSI projects Singtel's FY3/26F revenue to grow 2% YoY, whilst StarHub's revenue is expected to rise 4% in 2025F.
Tourism recovery remains limited as international visitors lag pre-COVID figures
Whilst tourism receipts exceed 2019 levels, inflation and a strong dollar may deter regional tourists from China, India, and ASEAN.
Private home prices expected to rise 0-3% in 2025
Around 8,200-8,300 units may launch in 1H25, with sales recovering to 6,000-7,000 units in 2025.
SG adults improve ranking in literacy and numeracy proficiency
Singapore ranked 10th in numeracy and 18th in literacy.
Construction output to hit upper range of $34-37b in FY24
Contract awards saw significant growth, with 3Q24 and 9M24 wins up 55% and 34% YoY, respectively.
Healthcare sector faces pressure from mature market and foreign competition
Local patients often choose longer waits or affordable options in Malaysia, CGS International says.
Most capital goods companies poised for double-digit earnings growth in FY25F
Most defensive growth is expected from STE, which is projected to deliver approximately 15% growth.
ValueMax Group buys Ban Fook Pawnshop for $1.75m
Ban Fook has a net asset of $1.84m in 2023.
PGIM Investments appoints Brenda Leow as new head of SEA
She will lead the wholesale sales and distribution of the firm’s investment strategies.
Singapore transport sector poised for moderate growth in 2025
Demand in air transport is expected to remain strong, but weaker ticket pricing could pressure profitability.
Stable banking sector sees limited upside from NIM-driven earnings
Wealth management and treasury income will remain key drivers of non-interest income (non-II) in FY25F
Singapore GDP growth forecasted to ease to 2.4% in 2025
Manufacturing sector is anticipated to remain a key driver of economic growth.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform