News

Singapore’s life insurance industry down in first quarter

Annual premiums surged 24.7% on a quarterly basis.

Singapore’s life insurance industry down in first quarter

Annual premiums surged 24.7% on a quarterly basis.

ThaiBev net profit drops 3.2% YoY to $698.5m in H1

ThaiBev's sales revenue, however, climbed 3.7% YoY to THB148.3b ($5.83b).

Keppel launches smart and low-energy commercial tower in Tanjong Pagar

The 33-storey building will offer 650,00 sq ft of technology-forward spaces.

StarHub’s net profit attributable to shareholders rises 26% YoY to $37.5m in Q1

The company attributed the increase to growth across all its segments.

Keppel, KIT acquire stake in a wind farm in Sweden for $6.9m

The companies will have 2.9% and 13.4% stake in Fäbodliden II, respectively.

SG’s commercial real estate sales jump 40% YoY to US$3.7b in Q1

The Lion City is amongst the only two major markets to post an increase in investment volume.

Food firm to pay $75,000 fine after violations in foreign manpower act

But the government found that the firm committed no criminal offence.

OCBC prices A$1b senior floating rate green notes

The bank will issue the notes through its Sydney Branch.

Singapore shines as third-largest growth in gold reserves in the past decade

The Lion City’s gold reserves grew by 20.68% from 127.4 to 153.74 tonnes.

Frasers Property Limited’s attributable profit grew 42.8% in H1

It went up to $225.8m in the first half (H1) of fiscal year 2023.

Chart of the Day: Business park rents went up 0.6% in Q1

It deaccelerated from a 1% increase in the fourth quarter of 2022.

Demand for higher specification industrial assets to back industrial market

Manufacturing, logistics, biomedical, and food sectors will drive demand.

Singapore’s NETS boosts touchless payment options

Consumers can now use their Mastercard and Visa debit cards to make NETS contactless payments locally.

Singapore’s AUM grew by $470b mostly due to institutional investors: MAS

The growth makes up around 20% of the increase in total AUM from 2017 to 2021.

SIA reveals partial redemption of 50% of zero coupon MCBs

The aggregate amount of the right mandatory convertible bonds (MCBs) is at $3.09b.