Culture
Suntec Reit’s Q3 DPU rises to S$0.01778
The improvement comes amid stronger operational performance of its Singapore portfolio and lower financing costs[SINGAPORE] The manager of Suntec Real Estate Investment Trust (Reit) on Thursday (Oct 23) posted...
Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia
The law firm is acting for investors across the region, including in Hong Kong and Singapore[SINGAPORE] International law firm Withers is commencing proceedings against Switzerland for its forced write-down...
ST Engineering bags new contracts worth S$4.9 billion in Q3 2025
For the nine months ended Sep 30, the company’s total contract wins amount to S$14 billion[SINGAPORE] ST Engineering on Thursday (Oct 23) announced that it secured S$4.9 billion in...
OUE Reit’s Q3 NPI falls 5.6% to S$57 million on Shanghai asset sale
[SINGAPORE] OUE Real Estate Investment Trust (Reit) posted a 5.6 per cent decline in net property income (NPI) to S$57 million for the third quarter ended Sep 30, from...
MBS Q3 earnings reach nearly S$1 billion following hotel renovation completion
Parent company LVS is optimistic about growth, citing its expansion project and Singapore’s attractiveness as a destination[SINGAPORE] Integrated resort and casino operator Marina Bay Sands (MBS) notched yet another...
UOI 9-month comprehensive income rises 34.9% to S$40.6 million on investment gains
The improvement is mainly driven by marked-to-market gains on equity and fixed-income investments[SINGAPORE] United Overseas Insurance (UOI), the general insurance arm of UOB, reported a 34.9 per cent increase...
Singapore stocks rise as regional markets end mixed; STI up 0.5%
[SINGAPORE] Local shares ended Thursday (Oct 23) higher, even as markets across the region ended mixed.The benchmark Straits Times Index (STI) rose 0.5 per cent or 22.35 points to...
Wall Street bonuses expected to hit record as bank profits surge
[NEW YORK] The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring stocks and a return...
Musk hijacks Tesla earnings call to pitch US$1 trillion pay plan
[AUSTIN, Texas] Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming US$1 trillion pay package and blasting the...
Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year[LONDON] British lender Lloyds Banking Group on Thursday (Oct 23) announced sliding net profits...
Singapore aims to be ‘trusted enabler’ of quantum innovation: Josephine Teo
The minister notes that the Republic is moving from theory to application when it comes to quantum computing[SINGAPORE] Singapore aims to be a “trusted enabler of innovation” and a...
PacificLight appoints Mitsubishi Power and Jurong Engineering to build S$1 billion hydrogen-ready power plant
[SINGAPORE] PacificLight Power announced on Thursday (Oct 23) that it has appointed a consortium comprising Jurong Engineering Limited (JEL) and Mitsubishi Power to build its S$1 billion hydrogen-ready power...