#singapore-business

Behind SingPost’s S$245.1M Profit: 40.3% Net Profit Decline Revealed

SingPost's headline profit of S$245.1 million masks a sharp 40.3% collapse in underlying operating profit, driven by a one-time Australia business sale gain rather than strong core business performance.

76% Leased: 1 Science Park Drive’s S$883M Makeover Success

A S$883 million redevelopment of 1 Science Park Drive is complete, with three-quarters of office space already leased to companies in biomedical sciences, pharmaceuticals, and technology.

SingPost 2024 First Half Net Profit Up 66% to S$22.2M!

SingPost's first-half net profit surged 66% to S$22.2 million, driven by strong growth in Australia and Singapore operations.

CapitaLand Ascott Trust Sells Kyoto Hotel, Nets S$8M Profit

A Singapore property trust sold a Kyoto hotel for S$53.1 million, nearly 40% above its book value, and plans to reinvest the S$8 million profit into higher-yielding assets.

StarHub Refresh: New Legal & Tech Chiefs Hired

Singapore telco StarHub hires two new senior leaders—a Chief Information Officer from Grab and a General Counsel with tech-sector expertise—to drive its growth and digital transformation plans.

Hyflux Charges 2023: Shocking New Details on CEO & Director’s Offences

Singapore water technology company Hyflux's former CEO and an independent director face additional criminal charges related to financial disclosure failures and negligence.