Building a multibillion-dollar empire is one thing. Keeping it in the family is another matter. By the time Wee Cho Yaw died earlier this month at 95, his five children had firmly established roles ...
While bonus shares are largely a gimmick, DBS’ proposed issue is a boon
As at Feb 28, the counter has climbed 5.7 per cent since the announcement. With DBS – Singapore’s largest company by market capitalisation – investors are probably right to be excited over the ...
CapitaLand Investment’s PATMI down 6% to $781m in FY2023.
CapitaLand Investment’s cash PATMI–profit from business operations, excluding any gains/losses from divestments, revaluations and impairments– fell 6% to $781m in FY2023, from $831m for FY2022. A core ...
Citibank unveils two new wealth centres in Singapore
Citibank Singapore has completed both of its satellite wealth advising centres, reiterating its renewed enthusiasm for Singapore as a vital strategic site for its wealth business. Andy Sieg, global ...
Stats reveal secret to success at HSBC in Singapore, where only the stars shine
Venues are often described as a "ball-striker's course," and, in the case of Sentosa Golf Club’s Tanjong Course, the stats back up the phrase. At last year’s HSBC Women’s World ...
Citi opens two new wealth centres in Singapore
Citibank Singapore has opened two new wealth centres in One Holland Village and Parkway Parade. The new centre at One Holland Village has a size of 3,700 square feet (sqft) and is about 80% larger ...
Singapore stocks close lower as investors’ optimism wanes, STI down 0.6%
The Nikkei 225 in Tokyo lost 0.1 per cent, Malaysian shares slid 0.9 per cent, Hong Kong’s Hang Seng lost 1.5 per cent while the ASX 200 in Sydney closed flat. The Kospi in Seoul bucked the trend with ...
Retail investor allotment for Singapore Treasury Bills (T-bills) increased to 46% in 2024: DPM Lawrence Wong
Also read: Customers of Singapore's DBS/POSB, UOB and OCBC banks can now 'lock up' money that can't be withdrawn online He further added that in the past two years, yields on T-bills have increased ...
Adani Group holds Singapore meet for first dollar bond
For the first time since the Hindenburg crisis, the Adani Group met with investors in Singapore, marketing an overseas bond to bolster investor confidence around its businesses before fresh bond sales ...
Committee of Supply 2024 debate, Day 1: Lim Wee Kiak on decarbonisation and green finance
As a small island state, Singapore is highly vulnerable to the effects of climate change. How is Singapore keeping pace with emerging decarbonisation pathways? How can Singapore further engage the ...
Ko Jin-young looks to go three in a row at HSBC Women’s World Championship
Ko, 28, won back-to-back titles in 2022 and 2023 to become the second golfer in tournament history to win the event twice after Korean golf legend and LPGA Hall of Famer Park In-bee. The ...
Glencore eyes Shell Singapore assets as CNOOC pulls out, sources say
SINGAPORE - Swiss miner and commodities trader Glencore is looking at buying Shell’s oil refinery and petrochemical units in Singapore as the oil major seeks a buyer for the sites after earlier ...
UPDATE 2-Olam Group’s Singapore-Saudi dual IPO plan for agricultural unit delayed again
Saudi IPO to not happen in H1 2024*Annual operational PATMI dips 41%*Declares final dividend 4 Singapore cents per share(Adds background in paragraphs 2-3, details in paragraphs 5 and 8)Feb 28 ...
Singapore shares dip on Wednesday morning—STI fell by 0.3%
SINGAPORE: Singapore shares dipped on Wednesday morning ... Banking stocks exhibited a mixed trend in the early morning session. DBS experienced a slight decline of 0.2%, dropping S$0.05 to S$33.45.
Singapore Property Giants Hit by High Rates, Global Downturn
Singapore property giants City Developments Ltd. and CapitaLand Investment Ltd. reported bigger-than-expected declines in full-year profits, after being battered by high interest rates and a global ...
Olam H2 profit up 15.4% to $230.8 million, IPO for agriculture unit delayed again
SINGAPORE - Olam Group said its initial public offering (IPO) for its agriculture unit will no longer take place in the first half of 2024, as it announced its half-year results on Feb 28. It also ...