News

UOB's net profits down 30% to $1.56b in H1

The lender has set aside more allowances for further macroeconomic deterioration.

Singapore hailed as top choice for post-pandemic travel

More than half of locals believe that the Lion City is well-prepared to reopen tourism activities.

Daily Markets Briefing: STI up 0.68%

Wilmar International led the gains amongst top active stocks with a 3.22% expansion.

Chart of the Day: HDB resale volume plunged 45.4% to 3,426 units in Q2

This also marks the lowest quarter sales on record since 2007.

Retail sales down 27.8% in June

Department stores saw the largest drop in sales.

MAS rolls out key schemes to bolster SORA adoption

It will issue SORA-based floating rate notes monthly, amongst other plans.

ARA US Hospitality Trust posts $2.02m net loss in H1

It suffered with a drop in hotel occupancies and temporary hotel closures.

OUE records $207.16m loss in H1

Weaker operating performance and the sale of US Bank Tower dragged it down.

SGX to roll out two REIT futures

Both futures are designed to allow broad distribution to US and global institutional investors.

Telstra sells data centre in Australia for $410.16m

The sale includes a triple-net lease-back arrangement.

Yanlord, GIC to co-invest in residential projects for up to $1.38b

Yanlord and GIC shall own effective interests of 51% and 49% in each project respectively.

Total share buyback value plunges to $2.9m in July

The low level of buyback consideration coincided with a 2.3% decline in the STI.

Daily Markets Briefing: STI up 1.24%

AEM led the gains amongst top active stocks with a 14.48% expansion.

Chart of the Day: Office occupancy rate in the CBD down 1.5 ppt in Q2

The subzone recorded a negative net absorption of 463,000 sqft.