News
ABS revamps cloud outsourcing guide for banks
ABS revamps cloud outsourcing guide for banks
One revision guides the categorisation of material and non-material cloud outsourcing contracts.
Hongkong Land profit plunged 63% to $565.5m in H1
Net debt rose to US$3.9b due to land acquisitions.
Dairy Farm profits up 0.2% to $244.86m in H1
Revenue was affected by the deconsolidation of Rustan’s in Q4.
KPMG auditors with SCA qualification to get 20% pay hike
They will also grant a 10-day study leave for auditors who pursue the qualification.
CapitaLand Retail China Trust to raise $279.4m in latest funding exercise
It will be used to fund the purchase of three shopping malls.
OCBC H1 profits up 6% to $2.45b
Higher banking profits offset lower income from Great Eastern Holdings.
SingPost profits climbed 37.2% to $25.68m in Q1
It sold off its GD Express warrants.
UOB net profit up 8% to $2.2b in H1
Profit growth was boosted by wholesale banking as income rose 9% to $2.06b.
Daily Briefing: Nassim Road bungalow sold for $230m record price; Y Combinator-backed Aspire raises $44.7m in series A
And three Singapore-listed developers buy remaining 67% interest in an Australian property for $5.23m.
Daily Markets Briefing: STI down 0.27%
Singtel led the gains amongst top active stocks with a 0.9% advance.
Chart of the Day: Real estate investment sales volume dropped 43% to $13.5b in H1
Transactions for mixed-use properties crashed 90.2%.
Grab and NTUC Income unveil pay-per-trip insurance plan for partner-drivers
Premium rates per trip can be paid at $0.10, $0.30, and $0.50.
Great Eastern profits up 31% to $511.7m for H1
Higher investment income offset lower premium sales.
Deliveroo Singapore revenue up 70% to $44.5m in 2018
This is mainly due to an investment of $20.7m from Deliveroo HQ for expansion purposes.
Lay Ann Ong assumes leadership as honestbee's new CEO
Meanwhile, Jonathan Low, the last of the co-founders, submitted his resignation effective 11 July.
Hyflux seeks another extension of debt moratorium
It is still in talks with potential strategic investors.
Frasers Logistics raises $258.1m through private placement
It will be used to fund the acquisition of 12 logistic facilities in Australia and Germany.
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