News
UOB to reduce reliance on Singapore
UOB to reduce reliance on Singapore
Nearly half or 40% of total group operating profit already comes outside Singapore.
Edtech startup Geniebook raises $1.5m in pre-series A funding round
It will expand its data science and curriculum team to upgrade its learning platform.
SingPost ties up with Synagie to provide on-demand warehousing
SMEs can acquire integrated warehousing services on a pay-as-you-use basis.
Condo rents rose 2.4% in April
Rents in the CCR led the increase at 2.8%.
EC World REIT buys Fuzhou E-commerce properties for $220.97m
The 214,284-sqm property has a three-storey warehouse and two 14-storey support buildings.
Hyflux refutes reports of Utico's binding offer submission
It only received a draft from the Middle Eastern utility’s advisors.
Singtel's profits crashed 43.5% to $3.10b in FY2019
Its underlying net profit dipped 21% as its Airtel business continued to incur losses.
Sembcorp Industries' profits jumped 21% to $93m in Q1
Its profit from its energy business grew 21% to $85m. Sembcorp Industries started the year on a positive note as profits climbed 21% YoY to $93m in Q1 from $77m in the same period a year ago, thanks to the improved performance from its energy business.
ST Engineering's Q1 profits grew 11% to $131.1m
Its aerospace sector recorded a 6% profit increase to $62.7m.
honestbee to hit the brakes on food delivery services on 20 May
About 400 delivery partners will be affected.
City Developments profits surged 133.8% to $199.56m in Q1
The $144.3m pre-tax gain from the Manulife Centre divestment pushed up earnings.
Daily Markets Briefing: STI down 0.33%
Investment sentiment will likely remain cautious.
Chart of the Day: Rental transaction volume up 4.9% to 21,426 in Q1
There were less vacant flats in Q1, pushing up occupancy rates to a five-year high.
Daily Briefing: Temasek and UOB invest US$200m in venture debt firm InnoVen Capital; Blockchain monitoring startup Merkle Science raises $1.1m in seed funding round
And investment holding company UMS to acquire shares in JEP for $6.58m.
Temasek joins Impossible Foods' US$300m Series E funding round
The startup’s sales in Asia, including Singapore, have risen more than three-fold since March 2019.
$4.1b of arrears owed to small businesses in 2018
Almost a fifth remain unpaid in 2019.
CapitaLand unveils rooftop garden design for 39-storey One Pearl Bank towers
About 18 gardens with 200 plots in total will be arrayed vertically at one edge of each tower.
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