Singapore

Hiap Hoe sells Melbourne hotel for $83m

The company will use the proceeds to repay bank borrowings and fund working capital.

KIT to acquire 98.6% stake in Victoria, Australia’s largest bus service business

The business trust will acquire the business for an enterprise value of $540m.

Singapore leaders pay tribute to late banking tycoon Wee Cho Yaw

Wee was hailed as a visionary leader and for his contributions to education and culture.

UOB charman emeritus Wee Cho Yaw passes away at 95

He expanded UOB to a multinational bank present in over 19 countries and territories. 

FDAWU secures enhanced support package, training fund for Lazada's retrenched workers

At least 100 workers were affected by Lazada's restructuring exercise.

CapitaLand India Trust to acquire 3 industrial facilities in India for $43.2m

The facilities have a total net leasable area of 0.79 million square feet.

Mindlink Groups withdraws from M&A deal with Century 21 Singapore

Singapore invoked its foreign interference law against Century 21’s principal advisors.

Tanah Merah Ferry Terminal to undergo a $20m revamp

Singapore Cruise Centre will carry out upgrade works from January to December 2024.

S’pore regulator proposes simplified process for affordable insurance policies

MAS now proposes to reduce information requirements for term life insurance and standard critical illness policies.

What support measures can businesses expect from the Budget 2024?

An economist believes the budget will focus on enhancing workforce productivity.

7 in 10 SMEs plan to do more business internationally

Given this, more firms have been using apps for cross-border payments.

Daily Markets Briefing: STI up 0.97%; Top stock is DBS

DBS is the top stock with a 0.1225% increase.

Talent growth key to Singapore’s economic ambitions: KPMG

Upskilling workers, emerging technologies and ESG initiatives as top priorities.

Loyalty- and tech-driven strategies key to effective returns management

Experts vouch for third-party services to leverage the potential of return policies.

DBS merges brokerage, digital exchange with treasury markets business

The new group, Global Financial Markets (GFM), will be headed by Andrew Ng.