Singapore
Why new insurers are growing rapidly in Singapore despite low-cost offerings
Why new insurers are growing rapidly in Singapore despite low-cost offerings
The market share of FWD and Budget Direct, which both entered the market in 2016, have grown 2,704% and 7,400% respectively.
ComfortDelGro profits up 1.2% YoY to $75.9m in Q2
Its acquisitions in 2018 softened the impact from its weakening taxi business.
Chart of the Day: Banks brace for mounting asset risks
New NPL formation rose for all three banks in Q2 due to large overseas exposures.
Daily Markets Briefing: STI up 0.03%
OCBC led the gains amongst top active stock with a 0.91% increase.
Daily Briefing: Blockchain firm StakeWith.Us raises $825,000 in seed round; Standard Chartered poaches Deutsche Bank exec
And online marketplace Zowedo raises $270,000 in a new funding round.
Best World International profits leapt 193% to $26.75m in Q2
Revenue from the franchise segment resulted in a 78% increase in the profit margin.
Propnex profits slips 45% to $5.7m in H1
Commission income fell as strong en-bloc activities before the cooling measures contributed to the strong resale activities in H1 2018.
ST Engineering profits climbed 18% to $138.2m in Q2
Profit growth from the marine sector countered declines from other divisions.
OUE profit surges ten-fold to $60.86m in Q2
It was boosted by its disposal of Aquamarina Hotel Private Limited.
Private condo resales up 32.2% to 882 units in July
Prices were down 0.5%.
Yanlord Group Q2 profits down 41% to $170.15m
The total gross floor area delivered to customers decreased and hit revenue.
Wilmar International's profit dropped 52.3% to $150.88m in Q2
The African swine fever outbreak has hurt the demand for its key product soybean.
Olam International's profit sinks 34.5% to $61.49m in Q2
It blamed higher depreciation and amortisation, and finance costs.
Daily Markets Briefing: STI down 0.7%
SGX led the gains amongst top active stock with a 1.22% increase.
Chart of the Day: Demand for data centres to hit 56.5MW by 2022
Utilisation rates are tipped to hit 87% in three years time.
Daily Briefing: Retail landlords may lower rents for higher occupancy; Sunpower Group buys Changshu Suyuan for $47.35m
And Temasek unit invests in e-games chairs maker Secretlab.
Braddell View owners revive en bloc bid for $2.08b
It was earlier put up for sale on 27 March.
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