Singapore

SINGAPORE'S largest 1,000 companies have seen a fall in combined revenue and profit in the 2017 ranking period but the finance sector experienced double digit revenue and profit growth.

According to the latest Singapore 1000 (S1000) rankings released on Thursday, the combined revenue of Singapore's top 1,000 companies fell by 8.3 per cent to S$2.8 trillion compared to the 2016 ranking period. This was attributed to a S$329 billion drop in the revenue of the commerce-wholesale fuels sector, which was a result of the rapid drop in oil prices.