News

Growth of 6.3% predicted for consumer spending projects: Fitch

Household spending has been estimated to have contracted by 13.8% over 2020.

Growth of 6.3% predicted for consumer spending projects: Fitch

Household spending has been estimated to have contracted by 13.8% over 2020.

59% of manufacturers don't think business will be better before October

Only 41% of manufacturing firms anticipate a favourable business situation for the coming six months.

Great Eastern Q1 profit surges nearly 12 times to $437.6m

Its profit rose from $33.9m from the same quarter last year.

Tycoon increases stake in Raffles Education

Raffles Education shares are at their highest since April 2018.

SIA raises $2b from sales-leaseback transactions

The airline has raised a total of $15.4b in fresh liquidity since 1 April 2020.

DBS net profit smashes record $2b high

DBS' net profit doubled in the first quarter of 2021.

Bank loans down for 10th straight month, but recovery in sight

The 0.2% drop in March was the smallest decline recorded since the indicator turned negative in June last year.

59% of Singaporeans would choose travel over a work promotion

The majority of Singaporean professionals want a getaway from the work-from-home life.

Mapletree Industrial Trust distributable net property income up 11.3%

The REIT found the fiscal year challenging as tenants struggled during the pandemic.

Wilmar net profit doubles to a record-breaking US$450.2m

All of the food processing firm's core business segments grew in the first quarter.

How reach52 bridges the gap in healthcare with tech

The unique startup aims to connect to 250 million individuals across the globe by 2030.

CDLHT reports 1% YoY rise in net property income for Q1, 2021

This is despite sharp declines in revenue per available room at many of its hotels.

MAS commits $42m for tech adoption schemes

An additional $30m is set aside for the Digital Acceleration Grant scheme, also targeting financial institutions.

Japfa net profits up 36.9% amidst pandemic, swine flu

Japfa's net profits were up 36.9% to US$35.5m.

ARA acquires 50% stake in Dasin Retail Trust Management

The company plans to extend its reach in China’s Greater Bay Area.