KIT’s underlying distributable income for the nine months to September rose 12.3% on gains from energy transition assets, though the reported figure fell 17% against a year-earlier base boosted by a divestment gain.
singapore business
Renaissance United Returns To Profit As AI Chip Demand Lifts Q1 Revenue 41%
Renaissance United posted a S$190,000 net profit for the quarter ended July 31, reversing a year-ago loss, as its semiconductor testing arm ESA Electronics more than doubled sales on AI-driven memory chip demand.
Bukit Sembawang Bids For Kallang Distripark Site In S$1.01 Billion Land Deal
Bukit Sembawang Estates will pay S$196 million for about 51,000 sqm at Kallang Distripark, with total land cost of about S$1.01 billion once lease charges are added. The interested person deal needs shareholder approval.
Thales Names Former EDB And Airbus Executive Derek Cheng As Singapore CEO
Thales has appointed Derek Cheng as Country Director for Singapore and CEO of Thales Solutions Asia, succeeding Emily Tan, who is leaving the group.
Singapore Climbs to Fourth in Global Startup Rankings
Singapore ranks fourth globally for startups, showcasing strong innovation, investor confidence, and a robust ecosystem.
Gardenia Singapore Cuts Jobs as Production Shifts to Malaysia
Gardenia Singapore is cutting 141 jobs and relocating production to Malaysia to enhance efficiency and reduce costs amid changing market conditions.
Singapore Private Home Sales Drop Sharply To 246 Units In February
Singapore’s private home sales fell to 246 units in February, influenced by the Lunar New Year and fewer new project launches.