Singapore
Sabana Industrial REIT Trustee sees “little value” in convening an EGM now
Sabana Industrial REIT Trustee sees “little value” in convening an EGM now
Further announcements will be made in due course.
SG-based Nandina REM launches carbon fibre material reclaimed from end-of-life aircraft
By 2050, Asia will see 102,500 tonnes of unused, end-of-life carbon fibre from aviation.
United Overseas Insurance profits surge 55% YoY FY’23
Earnings per share during the year was 47.85 Singaporean cents.
NETS taps John Yong as a non-executive independent director
Yong began his duties on 19 February.
Trustee manager of Dasin Retail Trust hit with winding-up petition
The Trust received the petition from Zhang Guiming.
DPU of Elite Commercial REIT drops 28.9% YoY to £0.0342 in FY23
The REIT recorded a lower DPU despite a higher net property income.
First REIT’s DPU slips 6.1% YoY to $0.0248 in FY23
The REIT attributed the decline to higher financing costs, amongst others.
Sasseur REIT declares 4.6% YoY lower DPU in FY23
It also recorded a 5.8% YoY decline in its distributable income.
SIA Group’s net profit climbs 4.9% YoY to $658.7m in 3Q23/24
The airline group attributed the increase to lower tax expenses, amongst others.
Domestic wholesale trade sales down 3.5% in Q4
Petroleum sales and transport equipment sales logged double-digit decreases.
Manufacturing-related stocks kick off 2024 with $22m in net institutional inflows
Six stocks post net inflow for every five that booked net outflow.
Singaporeans across generations raise concern on impact of AI in job security
Technical and soft skills were found to be the most crucial skills in future workplaces.
Food factory site at Senoko Drive for sale
The property is on sale via private treaty at a price of S$8.8m.
DCS Card Centre launches new digital innovation unit
Ceridwen Choo has been appointed as CEO of DCS Innov.
Sembcorp Industries’ net profit up 11% to $942m in FY2023
Net profit for gas and renewables segments rose.
Lendlease Finance rebounds in H2’23, revenue more than doubles
Total assets climbed 6.4% YoY.
Retail mall Liv@Changi for sale at $36m
It is zoned commercial, and foreigners will not have to pay ABSD or SSD.
Commentary
What matters for Singapore’s AI future is consistency, not brilliance
The AI pilot worked. Now comes the real test
Are Singapore startups’ employee incentive plans still competitive?
Singapore’s small exporters need credit that matches their payment cycle
The hidden realities of succession for next-gen heirs
In Asia, fintech leaders must compete on credibility
F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia