News

Keppel’s Bifrost Cable System gets US green light

Keppel’s Bifrost Cable System gets US green light

The 20,000 km subsea cable will be the first system to connect the city-state to the west.

Lion Asiapac Limited expects loss due to lower orders

The loss was attributed to lower orders from the trading business.

Thomson Medical Group expects loss for H1

This is primarily due to weaker performance in the Malaysia market.

CDL Hospitality Trusts' NPI down 9% in 2h 2024

The group’s DPS also declined by 11.9% to 2.81 cents in the same period.

Micro-Mechanics’ net profit soars by over 108% YoY in Q2 2024

Group revenue also increased by 20.7% YoY to $16.3m.

Japan Foods Holding anticipates a loss for Q3 2025

This is attributed to lower revenue and higher selling and distribution expenses.

AcroMeta eyes 60% stake in sand mining concession in Malaysia

The company plans to pay via a convertible loan and a call option.

CapitaLand Ascott Trust profit up 8% in 2H 2024

The group’s revenue also rose 6% YoY to $423.2m.

Grab contributes $5.2b to Singapore's economy in 2023

Merchant-partners on the GrabFood and GrabMart platforms contributed $900m through their sales, whilst driver and delivery partners accounted for $3.1b.

Singapore data centre market to hit $3b by 2032 with 9.53% CAGR

The rising demand for cloud services is a major contributor, Credence Research said.

Singapore inflation to stay within 1.5-2.5% range in 2025: analysts

Whilst RHB expects no immediate changes, UOB suggests the possibility of a 50-basis point reduction in the S$NEER slope.

KPMG's new guide boosts digital talent with sustainability focus

The guide aligns with national initiatives such as the Forward Singapore exercise and the Singapore Green Plan 2030.

Experts split on Singapore’s monetary policy outlook for 2025

UOB expects MAS to ease policy, whilst RHB sees no change until mid-2025.

Private residential prices to increase amidst new new project launches in 2025

Over 12,000 units may be launched this year, an analyst said.

HDB resale price growth slows amidst tight supply

Though prices will continue to grow, a huge surge is unlikely analysts say.

Daily Markets Briefing: STI down 0.06%; Top stock is Singtel

Singtel is the top stock with a 2.89% increase.

Raffles Hospital and AIA Singapore ink MoU to boost healthcare access

Over 90 specialists from the hospital will be added to the AIA Quality Healthcare Partners panel.