News

iFAST Corp net profit leaps nearly five times over in Q1

The increase in earnings was driven by contributions from its ePension division, and improvements in its wealth management business.

BMW Group Asia's Singapore Sales Surge in 1Q24

In 1Q24, the group's premium segment reported a 51.5% YoY increase in sales.

Sheng Siong net profit up 8.9% to $36.3m in 1Q24

The supermarket attributed the increase to better sales.

CLI reports lower revenue of $650m in 1Q24

Its real estate investment business (REIB) revenue fell 4% YoY.

9 of 10 companies made ransomware payments in 2023: ExtraHop

The average cost of ransomware payments was $4.49m (US$3.3m) per company last year.

Political risk tops list of concerns for local firms

Eight in 10 concerned elections will affect international trade and operations.

MSIG Singapore to maintain footing from parent support: S&P Global

S&P Global Ratings said the insurer will remain highly strategic.

Expert forecasts continued rise in prime office rents

In 1Q24, Singapore recorded a 3.4% YoY uptick in occupancy cost.

Singapore industrial rents rise 1.7% in Q1, prices dip for the first time in over three years

Price and rents expected to soften due to slow global growth and high supply.

Synpaxe, tech giants foster GenAI in healthcare

The parties launched a challenge which saw the participation of over 160 healthcare professionals.

Why Singapore's condo resale prices surge amidst price gap

Renewed project launches and increased suburban launches were attributed as the main drivers of the faster price growth.

Funding Societies, SGeBIZ to offer embedded finance solution for SG businesses

The solution aims to help businesses manage their cash flow.