News
Daily Briefing: 50 firms raise retirement or re-employment ages; Moov seeks license to expand 1,000-bike fleet
Daily Briefing: 50 firms raise retirement or re-employment ages; Moov seeks license to expand 1,000-bike fleet
And NUS researchers invent “smart” clothing that boosts bluetooth and wifi connectivity.
Sembcorp profits up 20% to $98m in Q2
However, revenue fell 33% due to lower turnovers from its energy and marine units.
Singapore ranks second in Asia where companies see the largest BRI opportunity: survey
Organisations also hailed Singapore as amongst the top governments to partner with.
MAS slaps prohibition orders against three individuals for insider trading
They engaged in a 7-year front-running arrangement resulting in profits of $8.07m.
Golden Agri Resources' loss widens 70.7% to $64.45m in H1
Softer crude palm oil (CPO) prices continued to drag on earnings.
GIC and PE firm Silver Lake seek to extract $1.25b debt-funded payout from DNA analysis firm
If approved, it would be one of the year’s largest dividend funded by junk debt.
ComfortDelGro profits up 1.2% YoY to $75.9m in Q2
Its acquisitions in 2018 softened the impact from its weakening taxi business.
Chart of the Day: Banks brace for mounting asset risks
New NPL formation rose for all three banks in Q2 due to large overseas exposures.
Daily Markets Briefing: STI up 0.03%
OCBC led the gains amongst top active stock with a 0.91% increase.
Daily Briefing: Blockchain firm StakeWith.Us raises $825,000 in seed round; Standard Chartered poaches Deutsche Bank exec
And online marketplace Zowedo raises $270,000 in a new funding round.
ST Engineering profits climbed 18% to $138.2m in Q2
Profit growth from the marine sector countered declines from other divisions.
OUE profit surges ten-fold to $60.86m in Q2
It was boosted by its disposal of Aquamarina Hotel Private Limited.
Private condo resales up 32.2% to 882 units in July
Prices were down 0.5%.
Yanlord Group Q2 profits down 41% to $170.15m
The total gross floor area delivered to customers decreased and hit revenue.
Wilmar International's profit dropped 52.3% to $150.88m in Q2
The African swine fever outbreak has hurt the demand for its key product soybean.
Olam International's profit sinks 34.5% to $61.49m in Q2
It blamed higher depreciation and amortisation, and finance costs.
Daily Markets Briefing: STI down 0.7%
SGX led the gains amongst top active stock with a 1.22% increase.
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Commentary
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