Singapore

Great Eastern profits crashed by 29% to $1b in FY18

Operating profit growth from Insurance Business countered its decline.

Great Eastern profits crashed by 29% to $1b in FY18

Operating profit growth from Insurance Business countered its decline.

Singapore bank ROEs to hit over 11% in 2020

Thanks to the shift towards fees and commission in the non-interest income mix.

CapitaLand profits jumped 12.3% to $1.76b in 2018

It gained higher contributions from its retail, commercial, and lodging businesses in Singapore and China.

Adjoining commercial shophouses along Club Street for sale

The three-storey shophouses have a total floor area of about 6,208 sqft.

Daily Markets Briefing: STI down 0.19%

Ongoing US-China trade negotiations may boost local sentiment.

DBS cost-to-income ratio to ease to 43% in 2019

Cost-to-income ratio will dip to 43% from 46.3% in 2018.

Foreign worker policies spur short-term pains for food, retail, and rentals

The dependency ratio ceiling for foreign workers will be cut from 40% to 35%.

StarHub's cybersecurity venture may wipe out $30m in staff cost savings

The firm's cybersecuty business was hit by a $12m NPAT loss in Q4.

Standard Chartered unveils Takashimaya Shopping Centre branch

It features an automated Cash Bag Deposit machine for business banking clients.

Freehold industrial development in Macpherson for sale at $15.9m

The five-storey building houses production areas and worker dormitories across a 16,943 sqft GFA.

Unsold residential units doubled to over 34,000 in 2018

This was driven by the softening en bloc sales.

Mapletree Industrial Trust receives SGX approval to raise $201m via private placement

The proceeds will partially fund the firm’s Tai Seng acquisition.

OCBC Bank launches token feature on their app

The rollout started in Singapore last month.