Singapore
Daily Markets Briefing: STI up 0.13%; Top stock is DBS
DBS is the top stock with a 1.862% increase.
ST Eng’g bags $175m contracts with LTA to modernise bus system
The upgrades will cover 5,800 public buses and will be completed by 2027.
Glencore foresees trading earnings surge to $4.08b-$4.76b
The company expects trading gains from higher interest rates.
DBS achieves record-high Q1 profit of S$2.96b
Dividend is SGD 54 cents per share for the quarter.
Nearly all businesses use gen AI in operations, cybersecurity: report
Security leaders split if gen AI is a boon or bane to cybersecurity.
NeraTel's 1Q24 revenue tumbles 44.7% despite surge in order intake
Its gross profit also dropped 42.4% in 1Q24.
Owner listings up 3.0% QoQ in 1Q24
Year-on-year, listings were 47.8% higher.
Japfa's 1Q24 profit rebounds to $16.93m
A year ago, the company recorded a $58.55m loss.
Singapore trails U.S. in soft drink innovation
In 2023, Singapore introduced 88 new brands and sub-brands in the soft drinks space,
Luxury home sales drop to 46 in 1Q24
Excluding new sales, transactions would have been 17.6% QoQ higher.
CSE Global's 1Q24 orders reach $186.2m
The new orders for 1Q24 was 16.7% higher year-on-year.
Emirates resumes daily Phnom Penh service via Singapore
This reaffirms the airline's commitment to the Southeast Asian market.
JTC launches Penjuru Lane tender
It has a site area of 0.34 hectares.
Transport Minister Chee Hong Tat joins MAS Board of Directors
Chee will serve three years from 1 June to 31 May 2027.
NTUC voices concern over Ninja Van and Yahoo layoffs before May Day
The union emphasised the importance of timing layoffs.
Teo Ser Luck re-elected as ISCA president
Apart from Teo, ISCA also re-elected three council members.
Indofood Agri taps former EDB chief Philip Yeo as board chairman
He began his duties as chairman on 1 May.
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Singapore Companies Eye Vietnam to Navigate Manufacturing Shifts, Green Transition, and the AI Revolution