Despite all the value to be had, the Singapore stock market has remained in the doldrums. How long this will continue is anyone’s guess. The market’s average price-to-earnings (PE) multiple is 12.7 ...
Failed investment in Michelin Bib Gourmand prawn noodle sours 30-year friendship
SINGAPORE - The owner of a well-known hawker stall selling prawn noodles in Zion Road decided to go into business with a childhood friend to open a restaurant in South Bridge Road, after turning down ...
Singapore shares rise on Thursday after GDP data; STI up 0.3%
SINGAPORE stocks rose on Thursday (Feb 15) morning following news that gross domestic product growth in 2023 was 1.1 per cent, marginally down from advance estimates. Read more at The Business Times.
461 victims lost $6.8m in investment or job scams involving online chat groups since start of 2024
Victims were added to chat groups or channels on messaging platforms and offered investment or job opportunities. Read more at straitstimes.com.
Singapore REITs Fall as U.S. Inflation Data Weighs on Potential Payouts
By Amanda Lee Units of Singapore-listed real-estate investments trusts fell Wednesday after the latest U.S. inflation data added fuel to growing ...
IHH Healthcare’s indirect subsidiary to withdraw IPO plans
According to IHH, the private equity investors, as well as the board of directors at Fortis and Agilus, have agreed to withdraw the draft red herring prospectus following meetings held on Feb 13.
Singapore gov’t to refund 7.5 million wrongly collected tax
Singapore authorities will refund wrongly collected goods and services tax GST worth 75 million Singapore dollars 55 million US dollars to tax ...
Singapore Budget 2024: HR leaders share what’s on their wishlist
From more focused support for upskilling, to increased funding for research projects, here's what leaders from Senoko Energy, HSBC Singapore, Transport Capital, and J&T Express are looking out for.
Singapore leads commercial real estate investments in APAC
Commercial investment volume in Singapore grew 462% QoQ and 110% YoY in 4Q23. Singapore has emerged as a leader in APAC commercial investments after hitting US$4.1b in 4Q23. According to Knight Frank, ...
OCBC Investment Research keeps ‘buy’ on SingPost with unchanged TP of 55.5 cents, says business environment challenging
Analyst Ada Lim notes all of SingPost’s businesses posted positive operating profits in its 3QFY2024 business update.
CapitaLand Investment establishes CapitaLand Ascott Residence Asia Fund II to invest in lodging properties amidst growing demand
CapitaLand Investment has established CapitaLand Ascott Residence Asia Fund II with a target equity size of US$600 million (S$800 million) to invest in lodging properties. It has secured first close ...
Standard Chartered weighs breaking up corporate, investment bank
Standard Chartered Plc is considering restructuring its institutional banking arm, the unit that houses the firm’s investment bankers and traders, as part of the latest effort by Chief Executive ...
Commentary: DBS CEO’S 30% variable pay cut raises issues of accountability
Singapore banks rely heavily on "pay for performance" practices to reward senior management. They must ensure that remuneration policies drive the right behaviour, says NUS corporate governance expert ...
ST-UOB round-table event on Feb 19 to discuss Budget measures to tide S’pore over volatile times
SINGAPORE – Budget 2024 will be put under the microscope at a roundtable discussion on Feb 19 organised by The Straits Times and UOB. Read more at straitstimes.com.
Commentary: What DBS CEO Piyush Gupta’s 30% variable pay cut says about accountability
Singapore banks rely heavily on "pay for performance" practices to reward senior management. They must ensure that remuneration policies drive the right behaviour, says NUS corporate governance expert ...
IEA and Singapore will set up regional energy centre to spur Asia’s green transition
The Regional Cooperation Centre, IEA's first office outside its Paris HQ, will open later in 2024. Read more at straitstimes.com.