Singapore
The Hour Glass's profit after tax drops 10% to $157.6m in FY24
New Zealand’s tax changes impacted profit.
Econ Healthcare's profit rises 8% YoY in FY24
With higher profits, the group proposed a 35% PATMI dividend.
Cortina's profit falls 20% to $61.1m on higher costs, exchange rates
With lower profits, the company reported a profit per share of $0.369.
MOH extends Cordlife halt on new cord blood collection for 3 months
Initially, MOH barred Cordlife's activities for six months.
Non-operational losses push Mapletree to $577.2m net loss in FY23/24
It saw valuation declines in its US, Europe, and Australia office portfolios.
Prime residential prices in Singapore grows by 5% YoY in 1Q24
The index revealed a robust average annual growth rate of 4.1% across 44 markets.
Inappropriate ads online hurt consumer perception of brands: report
Ads supporting credible journalism seen as crucial to increase brand trust.
Jumbo Group fast tracks employee certification with Workplace Learning Ready mark
This benefitted over 200 employees.
Ministry of Health adds Novavax to national vaccination scheme
Singaporeans can get the vaccine for free at selected clinics.
CDL unit acquires Delfi Orchard for $439m
Savills sold the property via public tender.
JTC launches Penjuru Road tender
It has a site area of 2.1 hectares.
Singapore retailers slow to adopt self-checkout
Less than two in 10 retailers offer such feature.
Healthcare sector sees renewed interest from corporate buyers
The healthcare industry recorded a deal value of US$1.13b (SG$1.53b) between January and April.
Daily Markets Briefing: STI up 0.35%; Top stock is YZJ Shipbldg SGD
YZJ Shipbldg SGD is the top stock with a 3.11% increase.
Maybank SG, Fidelity International launch multi-asset fund
The fund is offered in three asset classes and will be made available in Q3 2024.
Lendlease to exit offshore construction ops to focus on Australian business
Significant developments are expected within 12-18 months.
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