News

Olam Agri secures $1.03b loan from UAE banks

Olam Agri secures $1.03b loan from UAE banks

The loan will be used to pay for some of the firm’s existing debts.

Investors prioritise other factors over a company's ESG scores

There are gaps in verifying environmental, social, and governance data. 

Furniture brand Castlery opens new flagship store in SG

The new store will be launched in the third quarter of the year. 

Woman faces charges for unlicensed fund management business

If convicted, she will be fined up to $150,000 or detained for up to three years.

DBS raises fixed home loan rate, scraps 5-year fixed package: report

The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.

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.