Money
CapitaLand Integrated Commercial Trust to Sell Asia Square Tower 2 for $2.48 Billion
On Monday, April 20, Singapore's CapitaLand Integrated Commercial Trust announced its agreement to sell Asia Square Tower 2, a commercial property located in the Marina Bay area, to Malaysia's IOI Properties for $2.48 billion.
Global Oil Supply Disruption: Over $50 Billion Lost Due to Iran Conflict
LONDON — Analysts and calculations from Reuters indicate that the world has lost more than US$50 billion (S$64 billion) in crude oil production since the Iran conflict began nearly 50 days ago, with the repercussions likely to last for months and even years.
Oil Prices Surge Amid US-Iran Tensions
LONDON — Oil prices surged over six percent in early trading on Monday (April 20) due to concerns that the ceasefire between the US and Iran could break down after the US seized an Iranian cargo ship, while traffic through the Strait of Hormuz remained largely disrupted.
Singapore's GasCo Secures Additional LNG Cargoes Amid Market Volatility
SINGAPORE — Singapore's state gas buyer, GasCo, has secured extra cargoes of liquefied natural gas (LNG) to mitigate supply shortfalls caused by the US-Israel conflict with Iran. The company plans to pursue long-term supply agreements this year, despite the ongoing market instability.
Oil Prices Decline Amid Peace Talk Expectations Between US and Iran
Oil prices experienced a drop on Tuesday (April 21), reversing the gains made in the previous session. This decline is attributed to expectations that peace talks between the US and Iran will occur this week, potentially allowing for increased supply from the critical oil-producing region in the Middle East.
ST Engineering Secures $600 Million Contract to Build Missile Gun Boats for Kuwait Naval Force
ST Engineering's marine division has been awarded a six-year subcontract valued at $600 million from Abu Dhabi Ship Building (ABSB) to construct eight missile gun boats for the Kuwait Naval Force.
Market Reactions to Trump's Continued Threats in Iran Conflict
US President Donald Trump's recent threats to bomb Iran "back to the Stone Age" have significantly increased tensions in a conflict now entering its fifth week, disappointing investors who were hoping for a swift resolution. This ongoing war is impacting oil supplies and contributing to rising inflation.
Surge in Oil Prices Amidst Ongoing Tensions with Iran
HOUSTON - On Thursday, April 2, US oil prices rose by more than 11 percent, while Brent crude experienced a nearly 8 percent increase during a day of turbulent trading. Traders are increasingly concerned about potential long-term interruptions in oil supply following President Donald Trump's announcement that the US would intensify military actions against Iran.
Tesla's Sales Growth in China Amidst Rising Competition
BEIJING - Tesla's sales of electric vehicles manufactured in China have increased for the second consecutive quarter, remaining robust despite fierce competition as the American automaker expands its focus beyond just electric vehicles.
Dollar Gains Ground Amid Escalating Tensions with Iran
NEW YORK - The dollar experienced a significant rebound on Thursday (April 2), recovering from two consecutive days of losses following US President Donald Trump's speech regarding Iran, which dampened market hopes for a quick resolution to the conflict and prompted renewed interest in safe-haven assets.
Asian Governments Implement Subsidies to Mitigate Rising Oil Prices Amid Conflict
Asian governments are allocating billions of dollars in subsidies to protect consumers from the impacts of rising oil prices resulting from the ongoing US-Israeli war with Iran.
Market Steady Ahead of Trump's Address on Gulf War Ceasefire
HONG KONG — Major currencies remained stable in light trading on Thursday (April 2), as investors prepared for a crucial televised speech from US President Donald Trump, which is anticipated to provide insights into a potential ceasefire in the Gulf conflict.
Investor reactions to Trump's speech on Iran war
US President Donald Trump told the nation in a televised speech on Wednesday (April 1) night that the US military had nearly completed the goals it had set out to accomplish in its war with Iran and that the conflict would soon be ending.
Market Reactions to Trump's Remarks on Iran Conflict
SINGAPORE — On Thursday (April 2), stocks experienced a decline, the dollar strengthened, and oil prices increased following US President Donald Trump's announcement that Washington's "core strategic objectives" in the Iran conflict are close to completion. However, he did not provide a definitive timeline for the conclusion of the conflict.
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Gold swings sharply as tensions and strong dollar rattle markets
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Stocks Selloff Deepens as Dollar Strengthens Amid US and Israeli Strikes on Iran
A selloff in stocks deepened on Tuesday (March 3) and the dollar strengthened as investors considered the implications of US and Israeli strikes on Iran on energy prices and the global economy.
Escalating Middle East Conflict Leads to Rise in Petrol Prices in Singapore
Prices of petrol in Singapore have significantly increased due to the escalating conflict in the Middle East, which has led to the closure of a crucial channel for oil supplies with no resolution in sight.
Singapore REITs: Are they worth buying now?
The Unusual Sale of a One-Seventh Stake in 5 Oxley Rise, District 9
You may have heard of a 99-1 property ownership arrangement, but have you ever considered owning a one-seventh share of a sprawling bungalow in prime District 9?
Choosing Between New Launch and Resale Condo in Tampines
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Gold prices in Dubai jump over Dh9 per gram amid Rising Middle East Tensions
At $1.7m, 5-room loft flat in Queenstown breaks national HDB resale record
Just two months into 2026, Singapore has already set a new benchmark for HDB resale prices. In early February, a 5-room loft at Block 92 Dawson Road was sold for $1.7 million, officially becoming the highest transacted HDB flat in the country to date.
Grocery expenses increased the most in past year: Case Budget 2026 poll
Have you found yourself watching the pennies more closely?
Singapore Airlines sees record $5.5b revenue in Q3 but profit falls 69%
National carrier Singapore Airlines (SIA) saw a 68.9 per cent drop in its net profit in the third-quarter of 2025/2026, it reported after markets closed on Tuesday (Feb 24).
OCBC posts 3% rise in Q4 profit to $1.75b, declares special dividend
Singapore's Oversea-Chinese Banking Corp (OCBC) delivered strong profits of $1.74 billion in the fourth quarter of 2025, and announced a final ordinary dividend of 42 cents per share, along with a special dividend of 16 cents per share.
uSMART SG lets you earn up to 8.88% interest on your ang bao money this CNY
It's Chinese New Year again, and that fat stash of ang bao money feels like it's permission to live a little larger, at least for the time being. While some of us are taking our cash straight to our favourite fancy restaurant, others are looking to strike gold at the nearest mahjong table.
Rising Expenses? 5 Ways to Strengthen Your Financial Security
Malaysian Assets Drawing Global Investors with Stable Growth and Rising Ringgit
Malaysian assets are drawing global investors as a soft US dollar and rising geopolitical tensions spur diversification and the country's stability and growth are seen as an attractive alternative to stuttering regional rivals.
Volkswagen's Plan to Manufacture Most Vehicles in China by 2030
In a bid to regain its position in the world's largest auto market, Volkswagen has announced its intention to produce the majority of its vehicles in China by 2030. The company plans to leverage a new electronic architecture platform developed in partnership with EV maker Xpeng to achieve this goal.
The Latest Crypto Market Turmoil Sparks Fears Amid Global Sell-Off
NEW YORK/SINGAPORE/LONDON — Bitcoin plunged on Thursday (Feb 5), its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a broad selloff in tech shares.
Asian Equities Decline as Tech Stocks Retreat and Indonesia Faces Credit Downgrade
On Friday (Feb 6), South Korean equities continued to fall as investors pulled back from tech stocks. Meanwhile, Indonesian shares dropped over 2% following Moody's decision to lower the country's credit rating outlook, dealing a blow to Southeast Asia's largest economy.
Toyota Announces CEO Koji Sato's Departure and CFO Kenta Kon's Promotion
TOKYO - Toyota Chief Executive Koji Sato will step down after just three years at the helm of the world's largest automaker, the company said on Friday (Feb 6), to be replaced by chief financial officer Kenta Kon.
China Tightens Crackdown on Virtual Currencies, Bans Unauthorised Offshore Issuance of Yuan-Pegged Stablecoins
BEIJING - China has announced its commitment to further strengthen its crackdown on virtual currencies on Friday (Feb 6) by prohibiting unauthorised offshore issuance of yuan-pegged stablecoins.
Exciting New Options in Upper Thomson: June BTO Sales Exercise Preview
Buyers who are not participating in the upcoming February 2026 Build-To-Order (BTO) sales exercise can look forward to fresh options in the June BTO, especially in Upper Thomson.
Record Land Rate Achieved at Tanjong Rhu GLS Tender
The tender for a Government Land Sale (GLS) site at Tanjong Rhu closed today, and was one of the more closely watched District 15 land sales in recent years. This site is located near Katong Park and the Singapore Swimming Club, and benefits from the recent completion of the Katong Park MRT station (TEL) back in 2023.
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