News
Lian Beng warns of lower profits for FY23
Lian Beng warns of lower profits for FY23
The company’s subsidiary is expected to report a loss in 2H23.
Changi Airport’s passenger traffic crosses 5 million for the first in three years
The June 2023 record is 88% of the June 2019 level.
Yangzijiang Financial’s maritime fund invests over US$30m in 2 tankers
The fund invested in RT Star and OM Shanghai.
Tepid loan growth in the horizon for SG banks
Banks may face some backsliding in its bad loan ratio, S&P’s Ivan Tan warned.
9 in 10 employed Singaporean open to new work opportunities
59% of Singaporean employees are more likely to start a job search during perceived economic downturns.
SG records 2nd highest increase in prime residential rents globally
In 1H23, rents grew by 13.6%.
MAS imposes prohibition order against ex-Prudential rep for false invoices
Mengting submitted 11 false invoices to Prudential to aid her clients' accident injury claims.
Singapore, EU launch bilateral digital trade agreement negotiations
It will build on earlier digital partnership and digital trade principles signed earlier.
Sabana REIT to hold EGM on the removal of its manager
The REIT's unitholders will convene on 7 August.
Daily Markets Briefing: STI down 0.3%; Seatrium is top stock
Seatrium grew by 3.52%.
Keppel Land completes liquidation of subsidiary
Mansfield & Company is a dormant subsidiary of the real estate company.
Keppel acquires office tower in Seoul
It plans to upgrade the building’s facade and interior spaces.
Sabana Industrial REIT NPI inches up 0.5% YoY to $27.2m in H1
Its gross revenue was up 23.2% YoY to $55.3m.
Audit General's Office admits need to improve disbursement process
AGO acknowledges the need to improve the documentation of processes and risk assessments.
Singapore’s 1st hydrogen-ready cogeneration plant breaks ground
The Keppel Sakra Cogen Plant has a 600 megawatts capacity.
Singapore is world’s most expensive data center rental market
The country reported a record-low vacancy rate for data centers in a 2023 report.
GXS opens savings account to all Singaporeans, maximum deposit raised
It offers a daily interest credit feature.
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Commentary
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How Singapore consumer brands can build strong supply chains amidst rising input costs
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The trust tax: Navigating the ‘sophistication shift’ in Singapore’s digital economy
Conflict, costs, and construction: Where can margins still be saved?
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