News

Elite Commercial REIT hits 22.3% DPU growth

It has outperformed IPO projections for eight consecutive quarters.

Raffles Medical Group’s H2 2021 net profit declines 7.2% to $44.88m

This is despite a 16.3% increase in its revenue during the same period.

Safran Electronics & Defense Services Asia expands scope of repairs

The move was done in anticipation of traffic recovery in Singapore.

Foreign wholesale trade jumps 48.7% YoY in Q4 2021

Excluding petroleum products, an expansion of 25.2% was reported.

Gov't to increase carbon tax to $25 per tonne in 2024

A transition framework will be set to help companies adjust.

Domestic wholesale trade up 34.9% YoY in Q4 2021

On a QoQ basis, a 3.6% increase was observed.   Singapore recorded a 34.9% year-on-year (YoY) increase in domestic wholesale trades, the Department of Statistics Singapore reported. 

MAS extends facility to support bank lending to SMEs

This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.

How will the carbon tax hike help achieve the 2030 green targets?

The carbon tax will be raised to $25 per tonne in 2024.

Market update: STI down 0.29%

ThaiBev was seen with the most growth.

UOB prices planned A$900m floating rate notes at 0.72% per annum

Its maturity date will be five years from the date of issue.

Genting net profits cut in half for H2 2021

Decreased visitorship during the pandemic caused the 49% decline.

StanChart forecasts GDP growth to ease 4.1% in 2022

This is given the unfavourable base effect and the moderation of global growth and trade levels.

Singapore Budget 2022: GST hike delayed, carbon tax raised

Singapore's national budget will be delivered by Finance Minister Lawrence Wong today. 

MOF disburses $28b under the job support scheme

The job support scheme also helped save 165,000 jobs in 2020.

Sasseur REIT’s DPU drops 1.8% YoY to $0.019 in Q4 2021

This is due to the retention of its distributable income.