News
GDP contraction widened to 13.2% in Q2
MTI’s economic forecasts were also further slashed for 2020.
Majority of Singaporeans now prefer professional financial advise: study
More than 80% said that they now prioritise seeking financial advice before a major decision.
Chart of the Day: Home prices in OCR slipped 1.3% to $1,025 psf in Q2
New home prices rose, but was offset by a decline in the resale segment.
SBF advises firms to retrench staff only as a last resort
They are also reminded to tap on to government programmes and assistance schemes.
Quarz and Black Crane to reject Sabana and ESR merger
They questioned whether the merge was really in the best interest of shareholders.
IREIT acquires four office properties in Spain
It exercised the call option to acquire Tikehau Capital’s 60% share in the properties.
Venture's profit up 16.4% to $70.2m in Q2
Interim dividend was declared at $0.25 apiece.
Chart of the Day: Private home sales in RCR dropped 48.8% in Q2
This also marks the third consecutive quarter of decline.
MAS urges finance firms to ease dividends after pressing on banks
They are also suggested to offer shareholders the option of receiving FY2020 dividends in scrip.
Wilmar unit YKA gets green light for Shenzhen IPO
It now seeks the final registration approval from the China Securities Regulatory Commission.
Starhub's profit down 5.6% to $37.3m in Q2
Most of its business segments saw decline in revenue.
CapitaLand's profit dropped 89% to $96.61m in H1
The group suffered from lower contributions from its malls and residential projects.
SGX RegCo proposes a new enforcement framework in the securities market
The firm aims to have powers on cases that call for public sanctions that the LDC can hear.
Genting Singapore sinks into red with $116.68m loss in H1
The group said it suffered almost zero revenue in Q2 due to COVID-19 disruptions.
OCBC's H1 net profit plunges 42% to $1.43b
Q2 group net profit picked up 5% from Q1 but crashed 40% from a year earlier.
Chart of the Day: Luxury home sales volume plunged 58.1% in Q2
This is despite a 3.7% dip in new sales prices.
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