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News

Singapore Business Review
sbr.com.sg > building-engineering > news > reclaims-global-net-profit-climbs-531-38m-in-h1

Reclaims Global net profit climbs 53.1% to $3.8m in H1

11+ hour, 1+ min ago   (183+ words) Revenue jumped 52.9% to $33.3m from $21.8m. Reclaims Global Limited’s net profit jumped 53.1% year-on-year to $3.8m in the first half ended 31 July 2026, up from $2.5m. Revenue rose 52.9% to $33.3m from $21.8m a year earlier, whilst profit before tax climbed 64.9% to $4.7m from $2.9m. Excavation Services remained the largest revenue…...

Singapore Business Review
sbr.com.sg > news > hsbc-life-singapore-unveil-new-term-life-and-iul-plans

HSBC Life Singapore unveil new term life and IUL plans

3+ day, 16+ hour ago   (308+ words) The term life insurance plan offers coverage terms up to age 100. HSBC Life Singapore has launched two new insurance solutions, HSBC Life Term Protect Secure and HSBC Life Diamond Prestige IUL III. These are designed to provide greater flexibility across protection…...

Singapore Business Review
sbr.com.sg > hr-education > in-focus > islandwide-entry-level-hiring-rises-37-2025-hospitality-leads

Islandwide entry-level hiring rises 37% from 2025 as hospitality leads

3+ day, 16+ hour ago   (204+ words) Half of hospitality employers reported hiring more entry-level staff. About one in three employers in Singapore said entry-level hiring has increased compared with 2025, with the hospitality sector reporting the strongest gains. ManpowerGroup's Employment Outlook Survey Q4 2026 also found that 22% of employers…...

Singapore Business Review
sbr.com.sg > financial-services > news > wealth-inflows-lift-2026-outlook-financial-sector-earnings

Wealth inflows lift 2026 outlook for financial sector earnings

6+ day, 9+ hour ago   (129+ words) However, wealth management growth may ease in H2. Singapore’s financial sector is expected to post stronger earnings in 2026, supported by capital inflows into banks’ wealth management businesses, according to CGS International. The brokerage raised its 2026 earnings forecast for the sector by…...

Singapore Business Review
sbr.com.sg > news > dbs-and-citi-settle-usd-payments-in-minutes-tokenised-deposits

DBS and Citi settle USD payments in minutes via tokenised deposits

6+ day, 9+ hour ago   (220+ words) Citi and DBS said it complements their existing services and tokenised offerings. DBS and Citi have successfully made US dollar payments between Singapore and the United States using tokenised deposits via the Swift digital ledger. The transaction took minutes to…...

Singapore Business Review
sbr.com.sg > financial-services > news > hong-kong-pulls-ahead-digital-wallet-shift-singapore-close-behind

Hong Kong pulls ahead of digital wallet shift, Singapore close behind

6+ day, 10+ hour ago   (193+ words) Wallets account for 41% of e-commerce value in the city. Hong Kong has moved ahead of Singapore in the digital wallet shift after the payment method overtook cards in transaction value for the first time this year, according to a Global…...

Singapore Business Review
sbr.com.sg > insurance > news > income-insurance-commits-528m-climate-investments

Income Insurance commits $528m to climate investments

6+ day, 15+ hour ago   (310+ words) The insurer is working toward a S$1b climate transition financing target. Income Insurance has committed $527.9m (S$945m) to green and climate-related investments as it works towards its $558.7m (S$1b) climate transition financing target, according to its 2025 Sustainability Report. The Singapore insurer said…...

Google News
sbr.com.sg > news > barclays-launches-singapore-private-bank-booking-centre

Barclays launches Singapore private bank booking centre

1+ week, 11+ hour ago   (198+ words) The bank said that it strengthens its ability to service UHNW clients and family offices. Barclays is launching a private bank booking centre in Singapore. Clients can access banking, lending, investments and wealth planning services through the centre. Barclays expects…...

Google News
sbr.com.sg > news > marco-polo-marine-sets-139m-shipyard-reverse-takeover

Marco Polo Marine sets $139m shipyard reverse takeover

1+ week, 9+ hour ago   (426+ words) The deal could give the company up to a 76.8% stake in the enlarged entity. Marco Polo Marine is set to retain control of its shipyard business through a reverse takeover valued at up to $139m, funded entirely through the issue of…...

Singapore Business Review
sbr.com.sg > transport-logistics > news > nio-narrows-net-loss-89-yoy-1003m-in-q2

NIO narrows net loss 89% YoY to $100.3m in Q2

1+ week, 5+ day ago   (220+ words) The loss, however, widened by 59% from $63.1m (RMB332.1m) in Q1. SGX-listed NIO Inc.’s net loss narrowed 89.4% year-on-year (YoY) to $100.3m (RMB528m) in the second quarter of 2026 (Q2), from $948.1m (RMB4.99b) a year earlier. The loss, however, widened 59% from $63.1m (RMB332.1m) in Q1, according to a bourse filing. The company’s total…...