News
Swiber’s wind up to slam DBS’ FY16 profits
The bank declared a whopping $700m exposure.
Swiber stuns O&M and banking giants with wind-up decision
A hearing will commence on 19 August.
Sembcorp Marine’s net profit sinks by 89.5% to $11.5m
It was dragged by $35m in forex losses.
Chart of the day: Housing rent prices are stabilising but they aren’t growing, say analysts
Accommodation prices have been negative for almost two years.
Daily Markets Briefing: STI down 0.8%
Brace for a pullback today.
Daily Briefing: Sembcorp sees profit slump; SIA profit nearly triples
And Swiber’s wind-up flags rising risks Singapore bondholders face.
Completed condo unit prices climb 0.6% in June
Led by a 0.7% uptick in central region prices.
Cost containment key to stop SGX’s earnings bleed: analysts
It’s operating margin has declined to 50% this year.
Yoma’s net profit plunges 28.6% to $1.8m in Q1
Blame it on weak residential sales.
GIC spots investment opportunities in emerging economies
Several nations have reigned in excessive credit growth.
Singapore unemployment climbs 2.1% in June
While 5,500 workers were made redundant in Q2.
Changi Airport’s passenger traffic grows by 3% in June
It handled 4.84 million passenger movements last month.
Singapore Exchange’s net profit falls by 20% to $76.8 in 2Q16
Blame it on an impairment charge of $6m.
Can Sheng Siong thrive as retailers downsize in Singapore’s tough retail environment?
Opportunities to open new stories are rising, analysts say.
UOB’s net profit jumps by 5.1% to $801m in Q2
Thanks to its rising non-interest income.
Chart of the day: Is it all downhill from here for prime retail rents?
Orchard Road median prime rents dropped again in Q2.
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Commentary
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