News

Nurture Education Group grows its preschool family

WITH its acquisition of G8 Education Singapore last October, Nurture Education Group is achieving its goal of becoming one of Singapore's largest private preschool operators, with a total of 54...

Singapore banks to benefit from pickup in credit growth this year: CGS-CIMB

CGS-CIMB has reiterated its "overweight" call on Singapore's banking sector in anticipation of a pickup in business activity and credit growth in 2021.

With virus still a problem, Thailand's hopes for economic recovery remain grim

THAILAND ended 2020 on a note of uncertainty thanks to a fresh outbreak of Covid-19, which devastated the tourism-reliant economy last year and is destined to overshadow any recovery in 2021.

Kori Holdings unit bags S$81.2m in six contracts

CONSTRUCTION services firm Kori Holdings on Monday announced that its subsidiary, Kori Construction, has clinched six contracts in three projects worth an aggregate of S$81.2 million between...

Markets to sustain rally in 2021 amid vaccine-led recovery: analysts

THE recent market rally is expected to extend into this year as pandemic laggards continue to gain ground amid the global Covid-19 vaccine roll-out, though economic recovery will be gradual and...

First Reit's problematic rent structure with master lessee brought to fore

THE dilutive rights issue proposed by the manager of First Reit last Monday to raise some S$158 million at a 50 per cent discount is a painful but necessary remedy to its persistent problems of...

Construction, process and marine workers among priority groups for Covid-19 vaccine

WORKERS "in jobs or settings where risk of a super-spreading event is high", including migrant workers, will be among the priority groups for Covid-19 vaccination, said Health Minister Gan Kim...

Border measures still apply for vaccinated travellers: Lawrence Wong

SINGAPORE will take a "more cautious approach" with Covid-19 vaccinated travellers for now, with such travellers remaining subject to prevailing border measures and stay-home notice (SHN)...

Grab's Ebitda unlikely to breakeven before 2023: Moody's

MOODY's Investors Service has assigned a first-time B3 corporate family rating (CFR) to Grab Holdings to reflect the firm's leading position in key regional markets as well as uncertainties around...

Singapore manufacturing sentiment leans toward growth in December as PMI inches up by 0.1 point to 50.5

SINGAPORE'S factory sector continued its growth in December, as manufacturing sentiment picked up again from the month before, a survey on Monday showed.

 

Emerging Enterprise award

Closes August 28, 2020