News
SATS' profit down 32.2% to $168.4m in FY2020
SATS' profit down 32.2% to $168.4m in FY2020
Its Q4 profit plunged 112.6% on the back of lower revenue for gateway services.
Chart of the Day: Bulk of homes sold at $2m in May
Sale of units priced $2m-$3m dropped to 4%.
Daily Briefing: Minister Wong urges employers to continue WFH arrangements; Cybersecurity startup Aiculus raised $932k in seed funding
And Singapore enters survival mode and looks to reinvent itself in the post-pandemic period.
Utico raises Hyflux's equity valuation offer to $485m
The RA was also extended to end July.
HDB resale volume surged 573.6% in June
This marks as the highest monthly sales inked since July 2018.
Biolidics, LC-Bio team up to develop cancer diagnostic solutions
Biolidics will be LC-Bio's exclusive partner in China for five years.
Olam unit secures samurai loan facility of $324.08m
Olam Treasury aims to refinance existing loans and general corporate purposes.
Keppel unit extends KrisEnergy's restructuring deadline to 30 September
The latter failed to complete the restructuring process by 15 July.
Daily Briefing: COE prices close higher since suspension; Openspace Ventures raised $125.17m in first close of third SE Asia fund
And scientists seek power in shadow energy.
Daily Markets Briefing: STI up 0.3%
Medtecs International led the gains amongst top active stocks with a 16.31% expansion.
Chart of the Day: Overall home sales in CCR surge 72% in Q1
A total of 4,269 private residential units were sold in the quarter.
Interactive Brokers sets eyes on Singapore
The global brokerage firm can now offer Singapore stocks to investors.
Novo Holdings brings life sciences investment platform to Singapore
Amit Kakar appointed to be Head of Asia.
SPH files amended defense to litigation case
This is in relation to legal proceedings against it by Samuel Cranage Baker and Jeremy Lee Chuen Yang.
Temasek unit acquires 25.03% stake in CSE Global
CSE hopes to leverage on Heliconia’s network and expertise to support its growth plans.
Boustead Singapore profits up 9% in H2
Its revenue was driven by successful conversion of order backlogs.
Oil trader ZenRock to wind down in August: report
The company is expected to hand over responsibilities to a judicial manager.
Commentary
What matters for Singapore’s AI future is consistency, not brilliance
The AI pilot worked. Now comes the real test
Are Singapore startups’ employee incentive plans still competitive?
Singapore’s small exporters need credit that matches their payment cycle
The hidden realities of succession for next-gen heirs
In Asia, fintech leaders must compete on credibility
F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia
Rethinking fleet ownership in a changing business landscape