News

Chart of the Day: Corporate profits hit a seven-year high

Profits rose 6.9% and contributed to higher corporate income tax revenue.

Chart of the Day: Corporate profits hit a seven-year high

Profits rose 6.9% and contributed to higher corporate income tax revenue.

Genting Singapore eyes Osaka casino

The company will bid for an IR should Japan legalise them.

Expect prime industrial rents to plunge below $2 psf

But the spike of supply that caused it is expected to reverse the downward trend by end-2018.

Prime retail rents to stagnate at $35 psf

Structural headwinds from e-commerce are blamed for retailers woes.

MAS approves third derivatives exchange

APEX plans to launch trading in Q2 2018 and started to admit trading and clearing members.

$478m luxury hotel slated for Singtel Hill Street site

Local developer EL Development paid $118m for the property.

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.

Genting Q4 profits fell 29% to $133.99m

But its revenue rose thanks to the strong performance of its leisure and hospitality segment.

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.

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.