Singapore’s equity market delivered a 6.0% return, outperforming its ASEAN peers. Singapore’s strong equity performance, driven by Financials, Telecom, and Utilities, reflects robust market sentiment, ...
Battle erupts between billionaire Kwek Leng Beng and son Sherman Kwek for control of CDL
A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Wednesday (Feb 26) with executive chairman Kwek Leng Beng publicly criticising his son ... ( read original story ...)
UOB lowers full-year inflation forecast amidst disinflation in January
Both core and headline inflation dropped in January. Singapore's core and headline inflation dropped to 0.8% and 1.2% in January from 1.7% and 1.5% in December 2024, respectively. Analysts at UOB ...
Iron ore dips on Chinese steel export concerns, US-Sino trade tensions
Iron ore futures prices weakened for a third straight session on Wednesday, weighed by a dampening outlook for Chinese steel exports and rising trade tensions between the U.S. and top consumer China.
Singapore alternative meat startups target resurgence after sector setbacks
To Singapore shoppers, plant-protein patties probably only exist in recent memory – of seeing them on promotion in grocers and eateries in the early 2020s.
Singapore launches regional satellite technology plan, invests another S$60 million in space sector
The funds, to be invested in the existing Space Technology Development Programme (STDP), will also be used to improve the capabilities of Singapore’s research and learning institutions and bolster the ...
Singapore sets up Earth observation initiative in space sector push
An additional S$60 million will also be invested over the next two years in projects to further Singapore’s capabilities in the space sector, said the national space office.
Singapore’s lender OCBC warns of slower loan growth in 2025 after missing profit estimates
Singapore’s second-largest lender, has forecast a slowdown in loan growth for 2025 following a weaker-than-expected rise in fourth-quarter earnings. The bank also announced an SGD2.5bn ($1.87bn) ...
OCBC to return $2.5b capital via special dividends and share buybacks, Q4 profit misses estimates
SINGAPORE - OCBC on Feb 26 announced it will return $2.5 billion of capital to shareholders over two years via special dividends and share buybacks, as the bank delivered a record profit of $7.59 ...
Five gang members get prison time, whipping over deadly brawl near Singapore’s Concorde Hotel
Five men, all members of a secret society, were sentenced to imprisonment and caning yesterday for their involvement in a 2023 fatal brawl near ...
Singapore’s ELD warns voters over fake notice claiming electoral roll removal
Singaporeans who cannot check their voting status online can contact the ELD hotline at 1800-CALL-ELD (1800-225-5353) or visit the nearest community centres and ServiceSG centres ...
Singapore’s Mapletree wins land tender, adds Tsing Yi logistics site to Hong Kong assets
Hong Kong has awarded Singapore’s Mapletree Investments a 50-year land grant to a parcel of land in the New Territories for about HK$3.68 billion (US$473 million), according to the Lands Department on ...
Singapore bank OCBC Q4 profit misses forecast, unveils $1.9 bln capital return
Singapore's second-largest bank, Oversea-Chinese Banking Corp , reported a 4% year-on-year rise in net profit in the fourth quarter that missed expectations, while unveiling a S$2.5 billion ($1.87 ...
Maritime Companies ASL Singapore and Jia Feng Shipping Fined $1.85 Million for Environmental Crimes and Banned from U.S. Waters
Two companies pleaded guilty to environmental crimes with the M/V ASL Singapore, fined $1.85 million, and banned from the US.
Fund managers welcome MAS’ $5b boost for stock market; SGX shares up nearly 4%
But they said they would still have to look at liquidity and fundamentals, especially those of smaller stocks. Read more at straitstimes.com.
Budget Brief: Singapore Defense Budget Growth Continues
Singapore’s defense budget is set to increase by double digits for the fourth time in five years in 2025 as the city-state responds to a deteriorating global security environment. According to the ...