News

Taxi segment to drive ComfortDelGro’s 2022 profit higher: analyst

UOB Kay Hian expects CD’s taxi business to post a 149% YoY increase in operating profit.

DBS Bank inks agreement to sell 33 Changi North Crescent

Applied Materials South East Asia bought the industrial site.

High Court places Nutryfarm under judicial management 

An official from Nexia TS Risk Advisory will serve as judicial manager.

NTUC Income to cover 54,000 students in expanded insurance cover scheme

The free insurance cover is available to eligible students from low-income families.

Asia Pacific travellers pick SG as their top travel destination

Travellers cite low COVID restrictions as a key factor for choosing Singapore.

Expert counters call for petrol tax holiday

The KPMG analyst said it’s necessary to retain petrol and diesel taxes.   An expert from KPMG countered calls for a petrol tax holiday amidst rising fuel costs.

Global minimum tax implementation likely to be delayed until 2024

The expected push back is amidst recent developments in Europe.   The implementation of the global minimum tax of 15% by 2023 might be delayed until 2024, according to an expert from KPMG.   KPMG Partner Mark Addy said the pushback will likely be due to the recent developments in Europe – hitting record inflation, the ongoing Russia-Ukraine conflict, and more.   Addy, however, said the implementation will not be delayed beyond 2024 given the very strong momentum for the global minimum tax.

Top 20 SGX-listed manufacturing stocks averaged 4% decline

The stocks posted a combined $200m in daily trading turnover. 

Chart of the day: SG is 53rd most affordable major housing market

Singapore has a housing affordability median of 5.8, or severely unaffordable.

Market update: STI up 0.09%

Yangzijiang Shipbuilding is the highest gainer.

Linde, ST Telemedia, YTL to study hydrogen power use in Singapore

The hydrogen power is planned to be used in the country’s data centre ecosystem.

Why GST hike should push through despite rising goods prices

The country’s social expenditures are also going up exponentially, say experts.

UOB prices $400m perpetual capital securities

It will be issued under a $41.5b (US$30b) global medium term note programme.