Singapore
Budget spurs Singapore firms to upskill for New Economy
Singapore’s hard-fought economic transformation is dependent on the ability of its enterprises and people, to learn, unlearn and relearn new capabilities and skillsets.
Budget spurs Singapore firms to upskill for New Economy
Singapore’s hard-fought economic transformation is dependent on the ability of its enterprises and people, to learn, unlearn and relearn new capabilities and skillsets.
$478m luxury hotel slated for Singtel Hill Street site
Local developer EL Development paid $118m for the property.
Noble sells marketing and offtake deal for $13.32m
It is expected to lose $8.96m as the asset was underpriced.
Daily Markets Briefing: STI up 1.28%
Expect some gains today.
Chart of the Day: Upcoming office supply to plunge in 4 years
This is a positive for rents, which could improve gradually as supply for space is squeezed.
Daily Briefing: Property market can shake off tax hike, REDAS head says; IKEA starts Singapore solar power project
And here’s how much BreadTalk’s 2017 dividends will be.
Genting Q4 profits fell 29% to $133.99m
But its revenue rose thanks to the strong performance of its leisure and hospitality segment.
Nearly half of home buyers anxious about price hikes this year
This is the top frustration of those that won’t buy new homes soon.
Savills tenders 2F Gerald Crescent for over $35m
It can accommodate 11 landed houses comprising two detached houses, a pair of semi-detached and seven terraces.
Otto Marine floundering under $1.16b debt pile
It is one of several oil & gas firms still struggling to float after a plunge in crude prices caused contracts to dry up.
Accommodation prices were 5.3% cheaper in January
Service & Conservancy Charges (S&CC) rebates were given to HDB households in January 2018.
United Engineers 2017 profit dropped 36% to $89.57m
United Engineers profits dropped 36% YoY from $140.58m to $89.57m in 2017, mainly due to the absence of profit from its discontinued Multi-Fineline Electronix, Inc. operations. Profit from continuing operations increased 227% YoY to $89.6m.
OUE 2017 profits down 31.5% to $98.87m
Its revenue fell after the sale of the extension to Crowne Plaza Changi Airport.
How Singapore companies can grow globally in a post-globalisation world
Singapore’s 2018 Budget includes a new Enterprise Development Grant (EDG) designed to help firms internationalise. This is welcome news, but with today’s growing climate of global protectionism and fragmentation, it will take more than grants and tax breaks to help firms navigate overseas expansion in this post-globalisation era.
ST Engineering's profits down 1.1% to $168.5m in Q4
Its marine sector’s earnings plunged 96.8% due to shipbuilding losses.
Sembcorp Industries profits crashed 84.6% to $22.8m in Q4
It was hit by a $35m loss due to the poor performance of its marine rig business.
Sembcorp Industries to launch Indian IPO
It will sell utilities assets that are expected to yield $500m, adding to the proceeds of the IPO.
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