Singapore
From ‘Mature’ to ‘Plus’: Singapore revamps HDB classification
HDB flats will be classified as “Standard”, “Plus”, and “Prime” under the new model.
Seatrium commits support for subsidiary’s bond payment obligations
The interest rate margin has lowered since 18 August.
Raffles Assets receives lawsuit from international school, demands refund of property deposit
The refund worth $500m is from a proposed lease of 51 Merchant Road.
Daily Markets Briefing: STI fell 0.76%; Wilmar International is top stock
Wilmar International closed trading at 0.28% up.
Wilmar’s earnings trimmed to 22% in 2023 after ‘disappointing’ H1 earnings
Earnings will grow by 22%, 12%, and 5% for 2023 to 2025, analysts estimate.
Changi, Cairo airport firms partner to develop Cairo International Airport
This will involve a feasibility study for an area for cargo and logistics development.
NetLink NBN reports 6.2% revenue growth in Q1
EBITDA growth was moderate due to higher operating costs.
Exports drop 20.2% in July
Electronic and non-electronic domestic exports also dropped.
SingPost profit up 11.8% to $11.9m
The group is seeking to raise its postage rates to better cover cost of operations.
CCCS wants public feedback on proposed acquisition of Fujifilm and KMG
The public forum runs from 17 August 2023 to 31 August 2023 at 5 p.m.
Daily Markets Briefing: STI fell 0.52%; The top stock is Seatrium
The most active stock is Seatrium, trading 1.49% up.
New bill balances bargaining power between tenants and landlord in retail leases
A CBRE expert believes the bill will make SG attractive to new entrants in the market.
Singapore trade declines 20.8% YoY in July
This is following a 19.3% YoY contraction in the previous month.
Around 9 in 10 Singaporeans rebalance life priorities post-COVID
They are now prioritising connection with their loved ones and their well-being.
SATS reduces food waste to 2.3% in FY2023
The company eyes using 100% sustainable food packaging by 2030.
10 persons charged with money laundering, forgery, and resisting
Eight other individuals are wanted by the Singapore Police Force.
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Commentary
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