News
Daily Briefing: SC Capital Partners to buy Australian asset for $98.9m; OCBC and DBS drop Bank Permata bid
Daily Briefing: SC Capital Partners to buy Australian asset for $98.9m; OCBC and DBS drop Bank Permata bid
And gift card startup Giftano bags $1.15m in seed funding.
Daily Markets Briefing: STI up 0.22%
YZJ Shipbuilding led the gains amongst top active stocks with a 3.1% rise. The Straits Times Index ended 7.01 or 0.22% higher at 3,238.86. The top active stocks were United Engineers, which dipped0.37%, SingTel, which slipped 3.64%, DBS, which grew 0.23%, YZJ Shipbuilding, which expanded 3.1%, and Wilmar International with a 2% rise. The FTSE Mid Cap inched up 0.36% whilst the FTSE Small Cap rose 0.67%.
Chart of the Day: Mainland Chinese made up 18.8% of NPR home buyers in Q3
They bought 10 more units in Q3 compared to the previous quarter.
StarHub wins internet speed race: report
Its internet service is 35-60% faster than its peers, according to IMDA.
Private home sales crashed 26.9% to 928 units in October
The absence of major launches outside CCR dragged down sales volume.
UBS fined $11.2m for deceptive practices by advisors
They did not inform the clients of higher spread or improved interbank price of bonds.
Golden Agri Resources back in the black with $1.09m profit in Q3
But weak prices of commodities continued to drag on earnings.
Massage chair maker V3 in talks with Temasek unit for digital bank license bid
V3 recently created a fintech unit and hired a former CEO of a Temasek unit as adviser.
Singtel sinks into the red with $668.1m loss in Q2
No thanks to its $1.93b pre-tax share from Bharti Airtel's $5.49b provision.
OUE's profits surged to $124.1m in Q3
It received a $90.9m one-off non-cash gain from OUE C-REIT and OUE H-Trust merger.
F&N's full-year profits jump 24.4% to $153.19m
Its dairies segment accounted for most of its revenue.
Sembcorp Industries profits sink 13% to $71m in Q3
Lower revenues from rigs and floaters dragged on turnover growth.
Wilmar International profits rise 10% to $608.4m in Q3
It sold off its discontinued operations in Brazil.
Singapore inks intellectual property deal with Japan
Japanese firms will have access to IPOS International’s patent search and analysis services.
Chart of the Day: Almost half of condo units sold in Q3 priced $1m-$1.5m
This is a result of an increase in the proportion of smaller units being sold.
Daily Markets Briefing: STI down 0.87%
ComfortDelGro saw the sharpest decline amongst top active stocks with a 2.52% fall.
Daily Briefing: Orchard Road is world's 16th priciest retail street; AML startup Silent Eight bags $8.45m in series A funding
And fingerprints and facial immigration clearance will soon greet travellers in Singapore airports by 2025.
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