News

Precision engineering firms to see $10m-$500m revenue boost under refreshed ITM 

To achieve this, support will be provided to growth companies that have sector-specific capabilities.

DBS offers SMEs up to S$300,000 financing with DBS Quick Finance

Customers can choose between an overdraft or a loan.

ASEAN and EU inks comprehensive air transport agreement

The transport minister said it will “establish a liberalised air services framework”.

CapitaLand Investment secures $4b in green funding in 2022

This was through 18 sustainable financing instruments. 

Singapore and Vietnam powers commitment to energy transition with MoU

The agreement covers key areas such as R&D and low-carbon energy technologies.

OCBC reveal employee-run community farm in Central Business District

\It is expected to produce 140 kgs of vegetables annually.

SIA Group passengers rise by 2.5% as travel recovery persists

The total passenger in September stood at 2.1 million. 

Logistics sector is seen to generate yearly VA growth of $6.9b by 2025: Gov't

This will be through efforts of Industry Transformation Maps.

Gov't to increase partnerships between SMEs, international aerospace firms

The government is backing small and medium-sized enterprises' global performance.

Chart of the day: ATM frequenters are keen on using mobile banking

Trust is amongst key considerations for customers to switch to mobile banking.

Market update: STI down 0.61%; Thai Beverage is top stock

Thai Beverage is the top stock with 3.54% gains.

New home sales more than double in September

This was linked to two new mass market projects – Lentor Modern and Sky Eden@Bedok. 

IKEA revenue in Singapore grows 6.5% YoY to $392m in FY2022

Workspaces and Bedroom furniture were the top earning categories.

Keppel to deploy four rigs in Saudi Arabia

The rigs are expected to generate a revenue of about $250m in the next 3-5 years.