News
Golden Agri-Resources sinks into the red with $12.52m loss in Q3
Golden Agri-Resources sinks into the red with $12.52m loss in Q3
Plantation profits slipped due to lower fruit yield and a smaller palm inventory.
Plunge in drug exports extends NODX decline in October
Pharma drug exports plunged 36% for the month.
Soilbuild bags $162.5m contract for Tai Sheng Avenue factories
Four blocks of 8- to 9-storey factories will be built.
Banks could grapple with falling interest margins in 2020
An easing monetary policy and slow loan growth are dragging on NIMs.
Chart of the Day: Condo resales down 8.5% to 1,855 units in Q3
This may be due to an increase in new condo launches.
Fresh floater projects to buoy Sembcorp Marine's profits
Revenue has already surged 40% to $1.04b thanks to three projects.
OCBC and Standard Chartered complete Singapore's first OIS trade using SORA
The trade is a one-year interest rate swap fixed against SORA.
S-REITs double equity offerings for 2019 with $6.1b raised so far
Ascendas REIT’s $1.3b rights issue will be the largest to date upon completion.
Property investments hit $10.2b as investors target tight office supply
The city recorded its lowest volume of office supply in a decade.
SIA passenger load factor up 2.5ppt in October
Passenger carriage grew 8.7%.
Time to embrace sustainability in the fashion industry
Greenhouse gas emissions from the apparel industry is expected to increase to 49% in the next decade.
DBS to adopt risk management framework The Equator Principles
This will allow it to test its funded projects according to environmental and social standards.
Frasers Property profits fall 25% to $569m in FY2019 over Australia woes
The company’s Singapore and Australian projects reported lower contributions.
NODX decline widens to 12.3% in October
Total trade and exports have dropped.
Deliveroo to offer reimbursements to e-scooter riders for new vehicles
Riders will get up to $600 for a new bicycle and up to $1,000 for a PAB or PMD.
Tiong Seng secures $125m green loan from OCBC, DBS
It will be used to build green buildings and generate renewable energy.
Daily Briefing: SC Capital Partners to buy Australian asset for $98.9m; OCBC and DBS drop Bank Permata bid
And gift card startup Giftano bags $1.15m in seed funding.
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