Business News

CapitaLand fourth quarter profits plunge 40%

CapitaLand Commercial Trust buys office space in Marina Bay for S$2.1 bln

CapitaLand Commercial Trust on Thursday said it would buy Asia Square Tower 2 in Singapore's Marina Bay from BlackRock for S$2.1 billion.

Sep 21, 2017

By Aastha Agnihotri

When PM Lee checked his mood during visit to Chinese AI start-up

Singaporean Prime Minister Lee Hsien Loong, who is on a official visit to China, took out some time out of his busy schedule to visit a Chinese technology firm SenseTime in Beijing on Wednesday.

Sep 21, 2017

By Aastha Agnihotri

Artificial intelligence

Singapore stocks falter on Fed rate hike signal

Singapore stocks fell on Thursday after the U.S. Federal Reserve set an October start for shrinking its balance sheet and maintained a forecast for another rate increase this year.

Sep 21, 2017

By Aastha Agnihotri

MTI, STB seek feedback on amendments for travel agents law

Singapore: Petrol, medical goods spur 1.8% growth in retail sales

According to the Department of Statistics: The retail sector of Singapore saw two unexpected segments rising to the spotlight in terms of sales growth.

Sep 21, 2017

By Peter Del Rosario

Singapore's Changi Airport passenger traffic up 7% in August

Singapore's Changi Airport handled 5.27 million passenger in August, a 7 percent jump compared to the corresponding period last year, helped by growth at its South Asian markets.

Sep 21, 2017

By Aastha Agnihotri

Singapore's Raffles Education slumps 8%, here's why

Raffles Education Corp, an operator of colleges and universities, said its chairman had been approached by various parties regarding his shareholding but no agreement has been reached.

Sep 21, 2017

By Aastha Agnihotri

CapitaLand Commercial Trust requests trading halt pending announcement

CapitaLand Commercial Trust on Thursday requested for a trading halt pending the release of an announcement.

Sep 21, 2017

By Aastha Agnihotri

Great Eastern assessing options for stake sale in Malaysian unit

Great Eastern Holdings on Thursday said "it is assessing possible options" in reponse to media reports suggesting that the life insurance company is mulling to divest its stake in Malaysia operations.

Sep 21, 2017

By Aastha Agnihotri

Electronics industry transformation to produce 2,100 new jobs for Singaporeans

The Singapore government unveiled the electronics industry transformation map (ITM) that outlines its strategies and plans for the sector, including the creation of 2,100 new jobs and achieving a value-add of $22.2 billion by 2020.

Sep 20, 2017

By Peter Del Rosario

Cashless payments to spur 9% growth in Singapore banks' profits

Cashless payments in Singapore could lead to an increase in bank profits by as much as 9%, Maybank Kim Eng analyst said.

Sep 20, 2017

By Peter Del Rosario

Indian shares finish lower ahead of Fed meeting outcome

Indian shares ended little changed on Wednesday on caution ahead of the Federal Reserve monetary policy decision later in the day.

Sep 20, 2017

By Aastha Agnihotri

Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Great Eastern Holdings' divestment talks to United Engineers' takeover lapse, get your daily dose of all the latest in the world of business right here.

Sep 20, 2017

By Aastha Agnihotri