The REIT attributed the increase to “robust operational performance.” Robust operational performance and high portfolio occupancy boosted CapitaLand Ascendas REIT’s (CLAR) net property income to $508. ( read original story ...)
DBS shares its secret to becoming AI-fuelled
The bank currently has more than 300 AI and machine learning use cases, which helped with revenue uplift and cost avoidance.
Depreciating RMB ‘throwing salt’ on CapitaLand China Trust’s ‘recovering wounds’, 1HFY2023 DPU down 8.8% y-o-y: DBS
Divestment will continue to feature strongly within CLCT’s retail segment among older non-core retail assets, say DBS’s analysts.
Global and Singapore fintech funding in 1H2023 dropped, but payments and AI remain resilient sectors: KPMG
In Singapore, 84 deals in mergers and acquisitions (M&A), private equity (PE), and venture capital (VC) accounted for the US$934 million raised, a drop from the 117 deals in 2H2022. However, the ...
Manufacturing firms optimistic about business in the remaining months of 2023
Across industries, firms in the transport engineering cluster expressed the highest optimism. Manufacturing firms in Singapore are more optimistic about their business conditions in the next six ...
Singtel releases touching National Day documentary charting Singapore’s history
Local telco Singtel has released a short film in honor of Singapore's 58th birthday as well as to commemorate founding prime minister Lee Kuan Yew's 100th birth anniversary.
Switzerland and Singapore deepen partnership to chart fintech’s future
WHEN regular trade between Singapore and Switzerland kicked off in the 1830s, it was not clocks and watches but Swiss-made sarongs – brightly-coloured woven and printed textiles – that were the main ...
World Leaders to Descend on Singapore for the 10th Milken Institute Asia Summit, Celebrating a Decade of Progress, Action, and Impact
Milken Institute Asia Summit, taking place from September 13 – 15, will convene regional and global leaders to discuss a wide range of issues and challenges shaping the Asia Pacific region, including ...
Tech firms still the second largest driver of office demand in Singapore
This sector accounted for a fifth of new leases in H1. According to Cushman and Wakefield, financial and professional services firms in Singapore have partially offset a slowdown in tech office demand ...
Banks to charge for use of Singdollar cheques by Nov 1, to stop taking corporate cheques by end-2025
DBS, OCBC, UOB, Citibank, Maybank, Standard Chartered and HSBC – will start charging for the use of Singapore dollar-denominated cheques by Nov 1. Read more at The Business Times.
More businesses in Singapore going cashless despite resistance
SINGAPORE: Cash piling up seems like the ideal outcome for any business, but restaurateur Guy Wachs found the process of collecting, counting and banking all those notes and coins so time-consuming ...
Singapore Bourse May Be Stuck In Neutral On Tuesday
The Singapore stock market has moved higher in five straight sessions, gathering more than 100 points or 3.2 percent along the way.
Royal Caribbean cruise passenger who ‘could not swim’ goes overboard in Singapore Strait
A Royal Caribbean cruise passenger who reportedly "could not swim" fell overboard into the Singapore Strait Monday as the vessel was headed to Singapore.
Singapore stocks open marginally higher on Tuesday; STI up 0.1 %
SINGAPORE shares opened marginally higher on Tuesday (Aug 1) as the global market continued to trend higher. Read more at The Business Times.
Singapore recorded lower incidences of workplace discrimination in 2022: MRSD
Looking at specific attributes, more employees faced discrimination related to mental health, maternal, disability, nationality, religion, and marital status than in 2021.
Singapore awards first-ever overseas football scholarships to 8 young talents
Eight of Singapore’s most promising young football talents will study and train abroad full-time under the first overseas scholarship by the Unleash the Roar! (UTR) national football project. They will be heading to two of the world’s top institutions for developing young football talents.