News
Hyflux seeks another extension of debt moratorium
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.
SGX net profit up 7.7% to 11-year high of $391.1m in 2019
The revenue of its derivatives business soared 35% as contract volumes grew.
Watten Estate Condo launched for en bloc sale at $536m
The tender will close on 18 October.
GIC to invest $600m in ADNOC's crude pipelines
It will take a 6% stake in ADNOC Oil Properties along with BlackRock and KKR.
SIA net profit down 20.42% to $111.1m in Q1
Losses from associated companies widened to $31m due to a drag from Virgin Australia.
Services sector outlook subdued for H2
Hoteliers are amongst the most optimistic whilst retailers expect lower turnover.
Over 1 in 5 manufacturers bearish about business in H2
Low demand for semiconductors, slow global economy and trade tensions hit the sector.
Singapore benchmarks get go-ahead from European Union
Companies in the EU can continue trading derivative products linked to Singapore's benchmark rates.
Daily Markets Briefing: STI down 1.49%
DBS is the top active stock as it fell 0.30%.
Daily Briefing: Luxury home sales surge amidst inherited asset boom; Wealthtech startup Bambu raises $10m in Series B funding
And Finnish biofuel producer Neste will expand Singapore refinery for $2.44b.
Chart of the Day: Budget deficit to hit 0.4% of FY19/20 GDP
Revenue may also surpass initial projections and grow to $78.92b.
OCBC enables cash withdrawals via QR code
Cash withdrawal at ATMs can be completed in under 45 seconds.
Temasek sells joint-owned office asset for $1.6b
Allianz will own 60% of the assets whilst Gaw Capital will hold the remaining 40%.
Daily Briefing: Min Yuan building for sale at $145m; Singapore's second unicorn Trax acquires European competitor Planorama
And a row of apartments at Phoenix Road sold for $42.6m.
Daily Markets Briefing: STI up 0.12%
CityDev led the gains with a 2.28% advance.
Chart of the Day: Virtual banks can't rely on the branchless advantage for long
Facilities costs as a proportion of incumbent lenders' assets is only 7bps compared to 103bps.
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