Business
Singapore collects S$88.9 billion in tax revenue in FY2024/25, 10.7% higher than in previous year
The increased collection is driven by robust economic growth and higher consumer spending The Inland Revenue Authority of Singapore (Iras)…
Tag
Higher
Business
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2024/25 on robust growth and higher consumption
The Inland Revenue Authority of Singapore (Iras) announced that it had collected S$88.9 billion in tax revenue for the financial year of…
Business
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras)…
Business
Gold inches higher as soft US PPI data fuels rate cut bets; CPI in focus
The US Federal Reserve is expected to cut interest rates at its policy meeting next Wednesday Gold edged up on Thursday (Sep 11), as…
Business
Higher operating costs are a stone in the shoe – even for the rich eyeing family offices
These ultra-high-net-worth investors are turning to banks which offer alternative ways of managing their wealth The compliance costs…
News
Oil settles higher after Israeli attack on Qatar
Oil prices settled higher on Tuesday after the Israeli military said it carried out an attack on Hamas leadership in the Qatari capital…
Business
US: Wall St opens slightly higher in run-up to employment revision figures
Wall Street indexes opened slightly higher on Tuesday (Sep 9), a day after closing near record peaks, as investors remained cautious ahead…
Business
Europe: Shares end higher amid all eyes on French no-confidence vote
EUROPEAN shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote…
Business
US: Wall St opens higher as Fed rate cut expectations firm
Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal…
Business
CapitaLand Commercial C-Reit offering size 7% higher than estimated at 2.3 billion yuan
CapitaLand China Trust (CLCT) will subscribe for 5 per cent of the 2.3 billion yuan (414.6 million) offering in the listing of its…
Business
Europe: Shares close higher as bond selloff cools
EUROPEAN shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had…
Business
US: S&P 500, Nasdaq open higher on Alphabet boost; jobs data on tap
The S&P 500 and the Nasdaq opened higher on Wednesday (Sep 3) after Alphabet gained on a favourable antitrust ruling and investors awaited…
Business
Singapore stocks close higher as STI briefly reaches 4,300; index up 0.5%
Stocks on the local bourse closed higher on Tuesday (Sep 2) as the Straits Times Index (STI) briefly traded above 4,300 points for the…
Business
Singapore stocks close higher as STI briefly breaks past 4,300; index up 0.5%
Stocks on the local bourse closed higher on Tuesday (Sep 2) as the Straits Times Index (STI) briefly traded above 4,300 points for the…
Business
Oil settles higher on weaker US dollar and Russian supply disruptions
Global benchmark Brent crude oil settled 1 per cent higher on Monday (Sep 1), as concerns mounted that intensifying airstrikes in Russia…
Business
Europe: Stoxx 600 ends higher on defence boost; Novo Nordisk jumps after Wegovy data
European shares finished marginally higher on Monday (Sep 1), supported by defence stocks, while Novo Nordisk gained after data showed its…
Business
Oxley Holdings H2 loss narrows to S$8.3 million on higher revenue
Its loss per share stood (LPS) at S$0.002, against a LPS of S$0.0224 in H2 of FY2024 Property developer Oxley Holdings on Friday (Aug 29)…
Business
IHH Healthcare Q2 net profit falls 28.9% on higher staff costs
Integrated healthcare provider IHH Healthcare posted a 28.9 per cent drop in net profit to RM443 million (S$134.7 million) for its second…
Business
Shangri-La Asia H1 net profit down 38.7% at US$57.9 million amid higher revenue
The board declares an interim dividend of HK$0.05 per ordinary share, unchanged from H1 2024 Hotel group Shangri-La Asia posted a net…
Business
US: Nasdaq opens slightly higher after Nvidia results
The tech-heavy Nasdaq index opened slightly higher on Thursday (Aug 28), as investors weighed the AI chip giant’s upbeat forecasts against…
Business
Europe: Stoxx 600 closes higher, focus shifts to Nvidia results
Europe’s Stoxx 600 recovered slightly on Wednesday (Aug 27) after a sell-off in the previous session, as investors eyed political risks in…
Business
Maybank Q2 net profit up 3.9% on higher investment, trading income
Maybank posted on Tuesday (Aug 26) a 3.9 per cent increase in net profit to RM2.63 billion (S$802.2 million) for the three months ended…
Business
Singapore shares close higher on Monday as inflation eases; STI up 0.1%
Stocks on the local bourse closed higher on Monday (Aug 25) after the Republic reported that core inflation eased to 0.5 per cent in July,…
Business
Asia’s US$306 billion of global bond sales are about to go higher
More Asian borrowers are considering bond offerings, extending a stretch of sales that has already jumped to the most since 2021 at US$306…