Singapore

Jumbo warns of rough seas ahead of financial results filing

The seafood restaurant operator tells investors to expect a net loss for the first half of 2021.

Private Swiss bank buys BMO private bank in Singapore and Hong Kong

The J Safra Sarasin Group completed the acquisition of the Bank of Montreal’s Private Banking Business.

City Developments in the midst of a board exodus

Lim Yin Nee Jenny is the fourth director to resign from the property developer's board.

Transport Ministry steps up efforts for HK travel

Minister for Transport Ong Ye Kung says Singapore will start the measures slowly at first.

Revolut offers lower cross-border fees, fee-free transactions

Revolut Singapore customers can enjoy a competitive rate in cross-border transactions.

Property market records three-year high

The current surge is expected to slow down as Government aid tapers off.

UOB, American Express pilot unlimited cashback card

The card has a flat cashback earn rate of 1.7%.

Strait Times Index marks strongest start to a year since 1999

STI recorded a 13.2% price gain over the first four months of 2021.

What you need to know about 500 Startups newest startup ignition program

This new program is in partnership with the Singapore government.

Asia's uber rich looking at Singapore penthouses

A $4,200 per square foot for a penthouse at Midtown Modern has brought life back into the luxury market.

Frasers Hospitality Trust net property income falls by 40.9%

The company reported a net property income of $26.7m for the first half of the year ending in March 2021.

Far East Hospitality net property income slips 8.4%

Lower occupancy rates led to lower revenues.

Most of the services sector optimistic for the 2nd quarter in a row

The retail trade and accomodation sectors, however, remain shrouded in negative sentiment.

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.