Knight Frank, however, underscored that whilst Singapore has seen a rising number of family offices, its link to "direct spending and investing is not clear cut." "Last summer, the Monetary Authority ...
Improvements to workforce, productivity key to achieving Singapore’s growth target: DPM Wong
Singapore intends to achieve its economic growth target of between 2% and 3% through improvements in its workforce and productivity. Deputy Prime Minister and Finance Minister Lawrence Wong said this ...
Singapore’s Richest Banking Dynasty Grapples With Succession
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 ...
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 ...
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 ...
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 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 ...
Olam Group’s Singapore-Saudi dual IPO plan for agricultural unit delayed again
OLAM Group said on Wednesday the initial share sale in its agricultural unit would not happen by the first half of 2024, while reporting a 41% drop in annual underlying profit due to high interest ...
Singapore’s bank OCBC fourth-quarter net profit climbs 12% on-year
SINGAPORE, Feb 28 (Reuters) - Singapore's second largest bank Oversea-Chinese Banking Corp (OCBC) reported on Wednesday a 12% jump in net profit in the fourth quarter from a year earlier driven mainly ...
Singapore Stocks: Ho Bee Land Turns to Loss in 2023, Shares Decline
Singapore stock Ho Bee Land Limited (SG:H13) declined over 2% as it turned to a loss in its full-year results for 2023. The real estate developer ...
Emerging Markets: Most Asian stocks fall, Singapore shares down almost 1.1%; forex tepid ahead of key economic data
Most Asian currencies were subdued on Tuesday while stocks extended losses ahead of key US. and regional economic data this week that could provide clues about interest rate outlook from the Federal ...
Singapore stocks close lower as traders eye macro data, STI down 0.4%
SINGAPORE shares ended Tuesday (Feb 27) in the red, against a mixed bag of results in other regional stock markets, as investors waited ... Across the broader market, advancers narrowly beat decliners ...
Shein is considering moving its massive IPO from New York to London amid scrutiny over its supply chains and ties to China
Shein, which was founded in China but is now based in Singapore, was seeking a valuation of $80 billion to $90 billion, per Bloomberg.