Business News

A man walks past a Singapore Airlines signage at Changi Airport in Singapore

Singapore Airlines second-quarter profit surges 193%

Singapore Airlines on Tuesday said its second-quarter net profit jumped about 193 percent, helped by strong performance of Parent Airline and SIA Cargo.

Nov 7, 2017

By Aastha Agnihotri

Perennial Real Estate profit soars in third-quarter

Perennial Real Estate Holdings on Tuesday reported a surge in third-quarter profit, boosted by share of results from its associated company, Yanlord Perennial Investment, which launched an offer for United Engineers.

Nov 7, 2017

By Aastha Agnihotri

Singapore shares rally to over 2-year high led by lenders

Singapore stocks jumped to more than a two-year high on Tuesday, in line with a rally in Asian peers after record close on Wall Street overnight.

Nov 7, 2017

By Aastha Agnihotri

India shares retreat from record highs; Reliance Industries falls over 2%

India shares fell on Tuesday as investors took a pause after indexes hit record highs in the previous session.

Nov 7, 2017

By Aastha Agnihotri

Singapore stocks hit over 2-year high; DBS climbs 4%

Wall Street ended Monday higher with all three equity indices closing at record highs on talks about potential merger activity, and speculations about Republicans cutting corporate taxes, that would boost earnings.

Nov 7, 2017

By Aastha Agnihotri

5 things you need to know about Razer IPO

Gaming hardware maker Razer Inc is eyeing for a Hong Kong initial public offering that could value the company at as much as $5 billion.

Nov 7, 2017

By Aastha Agnihotri

Vallianz Holdings Q2 profit skyrockets, shares surge

Vallianz Holdings, a provider of offshore support vessels to the oil and gas industry, said profit surged by more than 400 percent in the second quarter.

Nov 7, 2017

By Aastha Agnihotri

OCBC first Singapore lender to launch face ID recognition for mobile app

OCBC Bank's retail and business banking customers can now log into the bank's app via their Apple iPhone X.

Nov 7, 2017

By Aastha Agnihotri

Genting Singapore reports Q4 loss of S$7.8 million

Genting Singapore Q3 profit jumps 24%; shares gain

Casino operator Genting Singapore said third-quarter net profit jumped 24 percent from last year, powered by continued strength at its gaming business.

Nov 7, 2017

By Aastha Agnihotri

Singapore "haze" crisis improves, returns to moderate range

Ascendas Hospitality quarterly DPS gains 2.9%

Hotel owner Ascendas Hospitality Trust on Monday reported a 2.9 percent rise in second-quarter distribution per stapled security (DPS), helped by growth in revenue and lower finance costs.

Nov 6, 2017

By Aastha Agnihotri

Singapore shares end lackluster as DBS earnings disappoint

Singapore stocks closed little changed on Monday, dragged lower by DBS Bank after city-state's largest lender reported a profit fall but gains in other regional markets kept losses in check.

Nov 6, 2017

By Aastha Agnihotri

Indian shares pause after recent rally; Asia sluggish

India shares were little changed on Monday as investors took a pause after indexes hit record highs last week.

Nov 6, 2017

By Aastha Agnihotri

Indian cities led by Bengaluru among cheapest to live in: EIU survey

New Delhi, Mumbai, Chennai and Bengaluru are among the 10 cheapest cities in the world to live in, according to the Economist Intelligence Unit's Worldwide Cost of Living 2017 report released on Monday.

Nov 6, 2017

By Aastha Agnihotri

Singapore shares lose steam; DBS extends losses as Q3 disappoints

Singapore stocks fell on Monday, dragged lower by DBS Bank after city-state's largest lender reported a profit fall amidst increased provisioning for bad loans.

Nov 6, 2017

By Aastha Agnihotri

singapore not to withdra foreign worker levy

Singapore ranked world's most expensive city for 4th straight year: EIU survey

Singapore has emerged as the world's most expensive city to live in for the fourth consecutive year, narrowly edging past its rivals, a report by the Economist Intelligence Unit (EIU) showed on Monday.

Nov 6, 2017

By Aastha Agnihotri

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