Staff Reporter
Kimly’s net profit down by 15.6% to $14.8m in H1 2025
Kimly’s net profit down by 15.6% to $14.8m in H1 2025
The group has declared an interim dividend of $0.01 per share.
SingPost’s underlying net profit falls 40.3% YoY in FY 2025
Revenue stood at $813.7m, reflecting a 7.5% YoY decrease.
Sasseur REIT’s rental income up 1.6% YoY in Q1
The Reit's portfolio sales declined 0.9%.
Sea Limited posts $534m profit in Q1
It reversed a year-ago loss of $30m.
Frasers Property to privatise Frasers Hospitality Trust at $0.71 per unit
The offer price is 28.6% to 56.8% above FHT’s historical net asset value multiples.
Singapore Airlines to move all operations at Changi Airport T5
It will serve 50 million passengers annually.
Singapore life insurance industry sees 10.9% growth in Q1 2025 premiums
The growth was led by the double-digit increase in annual premium policies.
Tech spending to rise 5.6% to $25.5b in 2025
This expansion is fuelled by the city-state’s rapid adoption of artificial intelligence across sectors.
Singapore founders want family succession but lack planning: report
81% of Singapore’s entrepreneurs want to keep their businesses in the family.
Mapletree acquires Joliet site to expand US logistics reach
The site is located near the I-80 and I-55 interchange and offers access to the Joliet Intermodal Center.
Private rents rise 0.4% as demand rebounds in Q1
Across the board, rents climbed in all market segments.
HDB rental volume jumps 12.3% as activity rebounds in Q1
The number of approved applications to rent out HDB flats jumped by 12.3% to 9,662 units in Q1 2025.
Chuan Grove GLS plot offers strong rental potential for investors
The plot is expected to yield approximately 505 residential units.
Daily Markets Briefing: STI down 0.32%; Top stock is ST Engineering
ST Engineering is the top stock with a 1.41% increase.
LTA enables Amex contactless fare payments for public transport
Commuters can now use Amex for transport with no extra fees.
GXS Bank names Pei-Si Lai as group CEO
Incumbent CEO Muthukrishnan Ramaswami will become a senior advisor to the GXS Group.
GS Holdings acquires Octopus Distribution Networks for $11.8m
The acquisition was completed on 13 May.
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