News
SMRT’s Q4 income crashes 54.6% to $9.5m
Bus, rail divisions’ operating losses skyrocketed.
OCBC’s Q1 profits drop 14% to $856m
Blame it on lower insurance, increased allowances.
Chart of the Day: Here’s the sorry state of Singapore’s job market despite lower unemployment
Youths aren’t participating in the labour force, says MoM.
Daily Markets Briefing: STI down 0.43%
Expect muted gains today.
Daily Briefing: OCBC's profit falls 14%; Industrial prices, rents decline in Q1 as vacancy rises
And resale condo prices continue drop in March.
Prices, rentals of industrial space continue to sink in Q1
As the market anticipates a massive flood of supply.
Condo resale prices dip 1% in March
Homes in non-central region saw the biggest pullback.
Redundancies in Q1 spike year-on-year amid cyclical weakness, economic restructuring
Services sector saw the most layoffs.
Sheng Siong’s Q1 profits grow 16.8% to $16.4m
Thanks to more government grants, new store growth.
More than 1 in 3 Singaporeans use mobile wallets in face-to-face transactions: Visa
Faster transactions, ease of use are top considerations.
SIIC Environment’s profits soar 30.8% to $18.59m in Q1
Due to higher water treatment, supply sales volume.
MGCCT’s net property income surges 21% to $277.5m in FY16
Thanks to Festival Walk, Gateway Plaza’s solid rental uplifts.
SembMarine’s net profit sinks 48.2% to 54.8m in Q1
Due to lower contributions from rigs, floaters segments.
UOB’s earnings slip 4.4% to $766m in Q1
Blame it on weak fee income, losses from associates.
Chart of the Day: Here’s proof that modern services is the main growth pillar for Singapore
Could it sustain its growth under duress?
Daily Markets Briefing: STI down 0.7%
Expect modest gains today.
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