News
Clifford Capital, SMBC grant $199.75m loan for 300MW oil-fired plant
Clifford Capital, SMBC grant $199.75m loan for 300MW oil-fired plant
It’s the first IPP in Bangladesh financed by international commercial financiers.
Propnex' profits soar 278.8% to $7.58m in Q1
This is attributed to the higher number of transactions completed.
OUE's net profit skyrockets to $87.1m in Q1
But more than half of its revenue is at risk due to ongoing disruptions.
MOF rolls out $4b wage support
This is expected to benefit over 140,000 employers.
Sembcorp Industries to redeem $200m in perpetual securities
The company elects to redeem all on 22 June.
ST Engineering expects revenue to be 5-15% lower than last year
Lower demand in the aerospace and electronics sectors is expected.
Construction work to gradually resume after circuit breaker
Projects that must urgently resume for safety concerns can continue by 2 June.
SIA's passenger load factor hit 9.1% in April
Its main airline’s skeletal network only includes routes to 14 metro cities.
DFS Group exits Changi Airport's liquor concession
South Korea-based Lotte Duty Free will take over the concession.
Chart of the Day: Resales of small HDB flats slipped 10% in Q1
Resale transactions for larger flats declined by a smaller magnitude.
Daily Markets Briefing: STI up 0.05%
SIA led the pack amongst top active stocks with a 2.36% jump.
Daily Briefing: Perennial Real Estate says AXA Tower shareholder loan amounts to $364.7m; Spark Systems raises $21.39m in series BB funding
And Temasek joins Facebook’s global payments system Libra.
Singapore Airlines posts $212 million loss for the full year
The shutdown of international travel, and a fuel price hedging gamble, have put the pressure on Singapore's national carrier.
Analysts warn Sembcorp privatisation may be off the table
DBS says a yard merger via share swap or asset injection into SMM is more likely.
Property investments down 78% YoY to $613.79m in Q1: study
The number of deals crashed 32% during the quarter.
Daily Briefing: Johor government to establish investment firm in Singapore; Travecta Therapeutics bags $21.32m in series A funding
And FoodRazor snags $1.28m seed funding.
Daily Markets Briefing: STI down 1.93%
SIA saw the sharpest decline amongst top active stocks with a 4.75% contraction.
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