News
ABS, SFEMC, SC-STS launch consultation paper on SIBOR to SORA transition
ABS, SFEMC, SC-STS launch consultation paper on SIBOR to SORA transition
It aims to make SORA the main interest rate benchmark for SGD financial markets.
SIA Group dives to a $1.12b loss in Q1
The fall in the group’s revenue was attributed to a plunge in its airlines’ passenger traffic.
Dairy Farm's profit dropped 35% to $158m in H1
Its health and beauty business suffered partly from lack of tourists in Hong Kong.
MAS extends $82.49b swap arrangement with the US Federal Reserve
The MAS USD Facility offers up to $82.49b of funding to banks.
MAS asks local banks to limit FY2020 dividends
Lenders are called to cap their DPS at 60% of FY2019’s DPS.
Chart of the Day: Retail sales index fell 6.2% in Q1
Total retail sales declined by 33.4% YoY in April.
Daily Markets Briefing: STI down 0.37%
Wilmar International led the gains amongst top active stocks with a 3.37% expansion.
Daily Briefing: Singapore deploys Biofourmis tech for COVID-19 monitoring; Face verification to allow sign up for digital banking
And restaurant no-shows rise as the F&B scene struggles through the pandemic.
Globalization Partners launches APAC revenue team
Charles Ferguson was appointed as the general manager in the region.
Ascendas India Trust's NPI up 1% to $73.5m in H1
DPU is declared at 4.56 cents.
CDL Hospitality Trust's NPI dropped 56% to $29.72m in H1
Most of its hotels were either temporarily closed or were operating at low occupancies.
CRCT's NPI fell 18.6% to $65.28m in H1
It was affected by the absence of contribution from CapitaMall Erqi.
Sinohydro clinches $449.6m Tuas Water Reclamation Plant bid
It is the fourth major Tuas WRP construction contract awarded by PUB.
Singapore is top pick of financial firms planning to leave Hong Kong: report
Tokyo, Sydney, Taiwan, and South Korea are vying to benefit from Hong Kong's woes.
MAS revokes licence of Apical Asset Management due to serious breaches of law
The regulator also reprimanded the firm's CEO and director Yeh Yin Yee and Bernard Cheok Yin.
UOL bags $120m green loan from UOB
The 23-storey hotel is targeted to open in 2021.
Chart of the Day: Leasing volume of multiple-user factories plunged 43.5% in Q2
This represented a total rental volume of $2.5m.
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