News
SPH REIT secures 5-year refinancing for $280m loan
SPH REIT secures 5-year refinancing for $280m loan
Portfolio weighted average debt term to maturity expected to increase to three years.
Yangzijiang's net profit halved to $82.72m in Q1
Less number of vessels were delivered during the period.
Keppel's net profit flops 21% to $160m in Q1
Profit contraction attributed to 70% divestment of interest.
Raffles Medical's profits down 45.4% to $7.5m in Q1
Profits were dragged down by the pandemic’s impact on its China units. Raffles Medical Group’s profits for the first quarter of the decade fell 45.4% YoY to $7.5m from $13.5m in the previous year, dragged down by its China Healthcare Division that was “severely impacted” by the COVID-19 pandemic, the group revealed in a company update.
CCT's NPI up 0.7% to $80.3m in Q1
This is despite the 25% crash in DPU to 1.65 cents.
Singtel and Starhub-M1 JV wins 5G spectrum
They are expected to progressively roll out the networks starting 2021.
DBS Group's profits plummet 29% to $1.165b in Q1
The allocated $700m for COVID-19 risks prompted an increase in general allowance.
Chart of the Day: Job vacancy to unemployed ratio fell below 1.0 in 2019
The labour scene was already weakening even before the pandemic struck.
Daily Briefing: Temasek Trust launches $10m COVID-19 assistance fund; SMRT extends full rental waiver for taxis
And Singapore launches its first drone delivery service.
Daily Markets Briefing: STI up 0.46%
AEM led the gains amongst top active stocks with a 8.72% leap.
More companies delay pay hikes and hiring
Pay cuts affecting executives have also been implemented.
Unemployment rate broadened to 2.4% in Q1
Total employment dropped to an all-time low since the SARS outbreak.
ComfortDelGro launches food delivery service
Deliveries are charged at a distance-based rate starting at $6.5.
Olam secures $249.09m term loan from IFC and JICA
Proceeds will be used for the procurement of specific agri-commodities.
Prime US REIT's NPI up 6.7% in Q1
The outpermance is driven by acquisition of Park Tower in Sacramento.
This startup fills the gap on cybersecurity awareness
Right-Hand Cybersecurity does not only monitor cyber risks, but also educates the users.
Check out the startup automating Singapore's bunkering segment
Bunker operators are often burdened with changes in the ships’ fuel needs.
Commentary
Banks need to rethink identity governance for AI agents
As Singapore broadens retail investing, who moves before the news?
Can controlled sandboxes prepare Singapore organisations for production AI?
What the latest sanctions regimes mean for Singapore businesses
Singapore’s tourism economy depends on security infrastructure most never see
Where does value creation really happen?
Managing the cost of diverging standards: Why Singapore matters
Singapore’s AI ambition has an intelligence problem
Singapore is deploying AI at speed – and security risks are catching up
Precious metal boom is a stress test for Singapore’s gold ambitions