HSBC Holdings PLC Group CEO Noel Quinn indicated on Tuesday that China's commercial property sector was on the mend, after the bank booked higher-than-expected charges in the fourth quarter linked to ...
UPDATE 1-Singapore’s Wilmar annual profit jumps on oilseeds, grains segment strength
Singapore-listed agribusiness Wilmar International Ltd reported a 27% rise in its full-year net profit on Tuesday, underpinned by its oilseeds and grains business and overall robust performances ...
Soracom and Unabiz release LTE-M smart button “for any purpose”
KDDI-owned Soracom and Sigfox-parent Unabiz have jointly developed and launched a new LTE-M smart ‘button’ for “dozens of unique IoT use cases”.
Parliament debate on Singapore Budget 2023 starts Feb 22
SINGAPORE: Parliament will start debating the Budget 2023 statement on Wednesday (Feb 22). It is expected to go on for at least two days before Deputy Prime Minister and Finance Minister Lawrence Wong ...
Singapore Airlines profit surges on travel rebound
STORY: Profits are surging at Singapore Airlines. On Tuesday (February 21) the carrier said they jumped over seven-fold to about $469 million over the third quarter. Revenue has been boosted by a ...
Why Pappas Capital is putting money into a Singapore startup
Venture capital firm Pappas Capital has closed on its first investment in the renewable energy sector – but it’s not deviating from the mission. That’s according to the Durham firm's founder, Art ...
Princeton Digital Group reveals “wise” $1 billion+ Indonesia data centre investment to service Singapore
Princeton Digital Group (PDG), an APAC data centre company, is set to invest around $1 billion (£881 million) into a data centre campus in Indonesia. The campus will be built in Batam and will contain ...
India and Singapore UPI-PayNow Cross-Border Payment System launched
MAS and Reserve Bank of India (RBI) launched real-time #payments between Singapore and India. MAS MD Ravi Menon and RBI Governor Shaktikanta Das showed the speed, simplicity and cost-effectiveness of ...
UOB Kay Hian Keeps Their Buy Rating on Genting Singapore (GIGNF)
In a report released today, Vincent Khoo from UOB Kay Hian maintained a Buy rating on Genting Singapore (GIGNF – Research Report), with a ...
Singapore’s office sector still a landlord’s market
The office rental index surged by 11.7% in 2022. The office rental index increased by 5.1% q-o-q in Q4 2022, following the 2.1% q-o-q growth in Q3 2022, according to a Knight Frank report. Overall, ...
India and Singapore link UPI and PayNow in cross-border payments push
India and Singapore have linked their digital payments systems, UPI and PayNow, to enable instant and low-cost fund transfers.
Singapore Air’s Third-Straight Profit Puts Covid Firmly In Past
Singapore Airlines Ltd. posted a third consecutive quarterly profit on Tuesday, pushing the damage of Covid further into the past as air travel continued its strong recovery in the three months ...
HSBC signals rate rise profit windfall has peaked even as payouts rise
HSBC dampened investors' expectations of a sustained income bonanza from rising global interest rates, even after Europe's biggest bank reported a 92% surge in quarterly profit and pledging more ...
S’pore PayNow users can now instantly transfer funds to others in India
For a start, selected DBS and POSB customers will be able to use the service to transfer up to $200 per transaction. Read more at straitstimes.com.
Evening Update: Today’s headlines from The Straits Times on Feb 21
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India expands national payment network to Singapore: What’s in it for crypto?
The digital rupee pilot project has logged 770,000 transactions involving eight banks. Five cities are already participating in the experiment, with nine more cities possibly joining the trial soon.