News

SGP targets 52% Formula 1 emission cut by 2028

SGP targets 52% Formula 1 emission cut by 2028

It will use green fuels like biodiesel and HVO generators to achieve its target.

Almost 9 in 10 SMBs will consider paying ransom to cybercriminals

About 65% experienced breach attempts in the past 12 months.

Raffles Medical Group’s profit drops 48.8% YoY to $30.6m in H1

Revenue slipped 1.4% to $365.7m in the same period. 

2024 developer sales forecast to fall short of 2023 despite H2 boost

Experts expect full-year sales to fall between 4,000 to 6,000.

IHH Healthcare SG opens first transitional care facility TCF@East

The group will operate it in collaboration with PanCare Medical Clinic.

MAS likely to keep restrictive slope amid rising imported inflation

Policy normalisation, however, could take place in October.

Manufacturing output drops 1.6% YoY in June

Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.

Economist lowers Q2 2024 GDP growth forecast to 2.6% YoY

The forecast is lower than the government’s advance estimate of a 2.9% YoY growth.

Industrial rental growth to slow in 2024

It is expected to moderate to between 3% and 5%.

OUE Healthcare warns of H1 2024 loss 

One reason for the loss is the disposal of vacant land in Kuala Lumpur.

Parkway Life REIT's NPI falls 2.5% YoY to $68.4m in H1 2024

Despite lower NPI, the REIT declared a 3.5% YoY higher DPU.

iFast credits ePension and wealth management for profit boost

In Q2, the company reported a 346.1% YoY higher net profit of $16.03m.

Gov’t allocates $742m for upgrades of over 53,000 HDB flats

Selected flats are in Jurong West, Hougang, Woodlands, and Pasir Ris.

Seatrium expects net profit in H1 2024

In the preceding half year, the company reported a net loss of $1.7b.