News

UOB strengthened deposit franchise, saw more bad loans in Q2

Its NPL formation was elevated in Q2, according to UOB Kay Hian.

Rex International records 13,710 barrels of oil per day in July 2025

This was yielded from operations in Norway, Oman, and Germany.

SBS Transit net profit down 7.7% in H1

The group’s revenue also fell 4.5% to $745.9m

ABC Impact marks entry in PH health sector with AC Health deal

The investment will give the impact investor a minority stake in the Manila-based firm.

ST Engineering and SF Airlines launch airframe MRO facility in China

The facility is located at the Ezhou Huahu International Airport.

SGX securities turnover up 27% in July

SDAV also rose 27% YoY to $1.47b.

Singapore NODX up 7.1% in Q2

Full-year 2025 NODX forecast maintained at 1% to 3%.

Retail workers’ wages to rise under new Progressive Wage Model

Entry-level retail workers to earn at least $2,305 from September.

Singtel appoints Dinesh Khanna as non-executive director

He is Temasek International’s joint head of portfolio development.

CCCS sanctions immigration consultancy firms over misleading tactics

The case centres on three firms Paul, VED, and SAVA Immigrations.

FLCT prices $100m notes due 2034

Proceeds will be used to fund acquisitions, among others.

VICOM logs 10.2% increase in H1 net profit

Thanks to the increase in OBU installation activities, amongst others.