Singapore
Keppel posts net loss of $697.6m for Q2
Keppel posts net loss of $697.6m for Q2
Impairments from the O&M segment contributed to the loss.
Singapore banks' shares dive after MAS calls for dividend cap
DBS, OCBC, and UOB all recorded declines of more than 3%.
Singapore-Australia power project fast-tracked by Australian government
This will provide extra support such as a single entry point for approvals.
Bank loans skid for fourth straight month in June
Total loans fell 1% YoY, the first since 2016.
Sheng Siong's profits soared 98% to $74.82m in H1
The company saw elevated consumer demand in Q2.
OUE projects net loss in H1
The group saw a fair value loss booked on disposal of approximately of the US Bank Tower.
Singapore Paincare Holdings now listed in SGX
All of the 24.25 million placement shares were subscribed, collecting around $5.33m.
ABS, SFEMC, SC-STS launch consultation paper on SIBOR to SORA transition
It aims to make SORA the main interest rate benchmark for SGD financial markets.
SIA Group dives to a $1.12b loss in Q1
The fall in the group’s revenue was attributed to a plunge in its airlines’ passenger traffic.
Dairy Farm's profit dropped 35% to $158m in H1
Its health and beauty business suffered partly from lack of tourists in Hong Kong.
MAS extends $82.49b swap arrangement with the US Federal Reserve
The MAS USD Facility offers up to $82.49b of funding to banks.
MAS asks local banks to limit FY2020 dividends
Lenders are called to cap their DPS at 60% of FY2019’s DPS.
5 in 10 employees hunt for job opportunities
Pay cuts and retrenchments could hint to the staff that the company is no longer stable.
Chart of the Day: Retail sales index fell 6.2% in Q1
Total retail sales declined by 33.4% YoY in April.
Daily Markets Briefing: STI down 0.37%
Wilmar International led the gains amongst top active stocks with a 3.37% expansion.
Daily Briefing: Singapore deploys Biofourmis tech for COVID-19 monitoring; Face verification to allow sign up for digital banking
And restaurant no-shows rise as the F&B scene struggles through the pandemic.
Aspire, TransferWise unveils cross-border money transfer service
Businesses using Aspire will now be able to transfer money easily across borders.
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