Singapore

Crazy Rich Singaporeans: Ultra-wealthy population to almost triple by 2026

In 2021, the ultra-wealthy population saw an 8.6% increase to 4,206. 

Crazy Rich Singaporeans: Ultra-wealthy population to almost triple by 2026

In 2021, the ultra-wealthy population saw an 8.6% increase to 4,206. 

Singapore, Vietnam sign MOU to boost economic, trade ties

This includes managing business partnerships and deepening agri-trade cooperation. 

Two freehold commercial units in East Coast up for sale at $23.8m guide price

The sale will be conducted through an Expression of Interest exercise.

DBS, OCBC, UOB: Who performed best in Q4 2021?

One of the three failed to meet market expectations.

3 in 4 young Singaporeans feel under-compensated

This sentiment is shared by older employees, as well.

Chart of the day: Service industry business receipts grew 15.4% YoY in 2021

The business receipts indices from 2019 to 2021 showed an upward trajectory.

Market update: STI down 1.65%

ST Engineering was seen with the most growth.

Elite Commercial REIT invests $22.7m to improve UK-occupied assets

The asset enhancement works will take about three years.

Government to block certain Russian banks, financial transactions

It is also imposing export controls on items that can be used as weapons.

Dasvidanya! SIA suspends Moscow flights

There shall be no flights to the Russian capital starting 28 February. 

Sembcorp Marine suffers net loss of $1.17b in FY2021

The group attributed this to supply chain constraints and cost provisions of $839m. 

IMDA’s CTO-as-a-Service now open to all SMEs

CTO-as-a-Service has consultancy services that assist SMEs to shift to digital.

CapitaLand Development inks $1.3b deal to develop parks, towns in Vietnam

It includes the evaluation of 400-hectare greenfield sites in Bac Giang Province.

Setting the foundation for success in the commercial real estate sector in Singapore

Across Singapore, every industry has experienced fundamental transformation in the last two years – and the commercial real estate sector (CRE) is no exception.

UOB to facilitate $3.3b pipeline of investments in Vietnam

This is expected to create 13,000 jobs in the country.

SG signs digital economy deal with UK

The agreement included cooperation on innovations like AI and fintech.

Sabana Industrial REIT bags $150m sustainability-linked loan from HSBC

It comprises a 4-year tranche of $75m and a 5-year tranche of $75m.