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SMRT Corp will transfer the ownership of its rail assets, including trains and signalling systems, to the Land Transport Authority (LTA) for S$991 million.

SMRT to transfer ownership of train assets to LTA

SMRT Corp will transfer the ownership of its rail assets, including trains and signalling systems, to the Land Transport Authority (LTA) for S$991 million.


SGX CEO sticks close to script, offers few details on cause of outage

Singapore Exchange chief executive, Loh Boon Chye, stuck closely to a script during a Friday press conference, giving few details about the cause of technical and process issues that shut down the stock market for all but 2.5 hours on Thursday.

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MAS further revises risk-based capital framework governing insurers

Singapore insurers can feel more relieved now that the Monetary Authority of Singapore (MAS) has tweaked the proposed revisions to the framework that sets out capital requirements aimed at enhancing protection of policyholders.


Developers sold 2,344 private homes in Q2, up 65.2 per cent from Q1

The 2,344 private housing unit sales for Q2 is 65.2 per cent higher than the 1,419 private homes that developers moved in the first quarter of this year.


Singapore startup bets US$1.7b on becoming Asia's digital landlord

AirTrunk plans to build data centres in Australia's biggest cities of Sydney and Melbourne, with an anchor tenant already signed up as it targets undercutting rivals with lower prices.


Singapore retail sales rise 3% in May from a year ago due to higher car sales

Excluding motor vehicles, retail sales decreased 3.3 per cent, the Department of Statistics said on Friday.


Corporate Earnings


The STI Today

Singapore shares close higher in response to Wall St's all-time highs

The Singapore Exchange's (SGX) system breakdown on Thursday will surely dominate headlines and be the subject of conversation among industry players, but more important is that Wall Street's S&P 500 index has set four consecutive all-time highs this week - if it manages another record on Friday, it would make for a "perfect week", the first since 1998.

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