Singapore Business Review

Market update: STI declines 0.38%
Frasers Logistics & Commercial Trust is top gainer with 2.11%
Quiet developer sales expected in August due to Lunar 7th month
The market rebounded in July, increasing 70.9 month-on-month.
Sri Trang Agro net profits plunged by 77.4% in Q2
The group’s revenue fell by 6.1%.
Ascott Residences Trust to acquire nine properties in five countries
The estimated costs of the acquisitions totaled $318.3m.
Golden Agri-Resources' net profit soars 154% YoY to US$390m in H122
The increase was driven by the continued appreciation of crude palm oil market prices.
Halcyon Agri's gross profit up 17.6% in H1 22 
The firm recorded a gross profit of $117m (US$85.9m).
ESR Logos Reit appoints new chief financial officer
Don Kok Chew Meng has experience in finance in the past decade.
Market Update: STI down 1.04%
City Developments Limited posted the most gains.
Chart of the day: Grab brand reputation falls after grace waiting period shave
Brand satisfaction fell by 14 points from 27.4 to 13 last 1 August.
Construction sector, labour market recovery will raise condo rental demand: analyst
Condo rentals went up for the 19th consecutive month in July 2022.
Private warehouse rents up by 2.1% in Q2 22 
Occupancy level grew 91.4% in the second quarter of 2022.
Multiple-user factory rents posted highest quarterly, yearly growth since Q3 2013
Rental indices for factories went up 2.1% quarter-on-quarter.
Keppel to invest $445.3m in German offshore wind farm
The investment will be split between Keppel and its trust unit.
Tax collections edge 22.4% higher to $60.7b in FY2021: IRAS
A total of $12.6b are from GST collections.

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Exclusives

Exclusives

Telecom & Internet Spoof proof: How the new SMS Sender ID Registry prevents phishing
Phishing remains a huge problem in Singapore, with reported incidents jumping from 16 to 5,020 within four years.
Hotels & Tourism What traveling looks like in the world’s reopening
Travelers are ditching their bucket list trips for “less adventurous” itineraries, Scott Dunn said. 
Healthcare Tan Tock Seng Hospital develops remedy for overwhelmed hospitals
Its surgical care program via ambulatory setting cuts hospital stays from six to one day.
Commercial Property The destination office marks the new return to work normal
Cushman & Wakefield’s new 11,400-sqft office exudes the same vibe as Singapore’s best bars. 
HR & Education How the 2-year remote setup subdued Singapore workers’ productivity
The lack of proper digital tools at home posed the greatest challenge to flexible work arrangements, a study found.
Economy SGX urged to clean up firms of ‘greenwashing’
Greenwashing is duping consumers into eco-friendly products without making sustainable efforts.

Top News

Market update: STI declines 0.38%
Frasers Logistics & Commercial Trust is top gainer with 2.11%
Quiet developer sales expected in August due to Lunar 7th month
The market rebounded in July, increasing 70.9 month-on-month.
Sri Trang Agro net profits plunged by 77.4% in Q2
The group’s revenue fell by 6.1%.
Ascott Residences Trust to acquire nine properties in five countries
The estimated costs of the acquisitions totaled $318.3m.
Golden Agri-Resources' net profit soars 154% YoY to US$390m in H122
The increase was driven by the continued appreciation of crude palm oil market prices.
Halcyon Agri's gross profit up 17.6% in H1 22 
The firm recorded a gross profit of $117m (US$85.9m).
ESR Logos Reit appoints new chief financial officer
Don Kok Chew Meng has experience in finance in the past decade.
Market Update: STI down 1.04%
City Developments Limited posted the most gains.
Chart of the day: Grab brand reputation falls after grace waiting period shave
Brand satisfaction fell by 14 points from 27.4 to 13 last 1 August.
Construction sector, labour market recovery will raise condo rental demand: analyst
Condo rentals went up for the 19th consecutive month in July 2022.
Private warehouse rents up by 2.1% in Q2 22 
Occupancy level grew 91.4% in the second quarter of 2022.
Multiple-user factory rents posted highest quarterly, yearly growth since Q3 2013
Rental indices for factories went up 2.1% quarter-on-quarter.
Keppel to invest $445.3m in German offshore wind farm
The investment will be split between Keppel and its trust unit.
Tax collections edge 22.4% higher to $60.7b in FY2021: IRAS
A total of $12.6b are from GST collections.

Exclusives

Telecom & Internet Spoof proof: How the new SMS Sender ID Registry prevents phishing
Phishing remains a huge problem in Singapore, with reported incidents jumping from 16 to 5,020 within four years.
Hotels & Tourism What traveling looks like in the world’s reopening
Travelers are ditching their bucket list trips for “less adventurous” itineraries, Scott Dunn said. 
Healthcare Tan Tock Seng Hospital develops remedy for overwhelmed hospitals
Its surgical care program via ambulatory setting cuts hospital stays from six to one day.
Commercial Property The destination office marks the new return to work normal
Cushman & Wakefield’s new 11,400-sqft office exudes the same vibe as Singapore’s best bars. 
HR & Education How the 2-year remote setup subdued Singapore workers’ productivity
The lack of proper digital tools at home posed the greatest challenge to flexible work arrangements, a study found.
Economy SGX urged to clean up firms of ‘greenwashing’
Greenwashing is duping consumers into eco-friendly products without making sustainable efforts.

Join the Singapore Business Review community