Singapore
Raffles Medical Group’s profit drops 48.8% YoY to $30.6m in H1
Raffles Medical Group’s profit drops 48.8% YoY to $30.6m in H1
Revenue slipped 1.4% to $365.7m in the same period.
2024 developer sales forecast to fall short of 2023 despite H2 boost
Experts expect full-year sales to fall between 4,000 to 6,000.
IHH Healthcare SG opens first transitional care facility TCF@East
The group will operate it in collaboration with PanCare Medical Clinic.
MAS likely to keep restrictive slope amid rising imported inflation
Policy normalisation, however, could take place in October.
Manufacturing output drops 1.6% YoY in June
Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.
Economist lowers Q2 2024 GDP growth forecast to 2.6% YoY
The forecast is lower than the government’s advance estimate of a 2.9% YoY growth.
Industrial rental growth to slow in 2024
It is expected to moderate to between 3% and 5%.
Singapore climbs to 5th place in global startup rankings
It has overtaken Sweden.
Singapore shortlists two consortia for ammonia power generation project
They were chosen from six participants.
Hitachi to supply 450 lifts for Singapore high-rise residential projects
The project will run from 2027 to 2029.
OUE Healthcare warns of H1 2024 loss
One reason for the loss is the disposal of vacant land in Kuala Lumpur.
Parkway Life REIT's NPI falls 2.5% YoY to $68.4m in H1 2024
Despite lower NPI, the REIT declared a 3.5% YoY higher DPU.
iFast credits ePension and wealth management for profit boost
In Q2, the company reported a 346.1% YoY higher net profit of $16.03m.
Gov’t allocates $742m for upgrades of over 53,000 HDB flats
Selected flats are in Jurong West, Hougang, Woodlands, and Pasir Ris.
Seatrium expects net profit in H1 2024
In the preceding half year, the company reported a net loss of $1.7b.
Cordlife’s Hong Kong and Malaysia units receive AABB Reaccreditations
StemLife has also completed ISO 9001:2015 assessment and recertification in June 2024.
Daily Markets Briefing: STI down 0.13%; Top stock is YZJ Shipbldg SGD
YZJ Shipbldg SGD Is the top stock with a 8.33% increase.
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