News

SIA suspends selected scheduled flights until May

The group stated that this will cause a 7.1% fall in the scheduled capacity.

Chart of the Day: Sales volume of huge strata offices surged in 2019

It led the surge of strata office deals in 2019 to $1.2b.

Daily Markets Briefing: STI down 1.22%

Venture Corp saw the sharpest decline amongst top active stocks with a 4.11% contraction.

Core inflation hit 0.3% in January

This was blamed on lower services inflation and a steeper drop in the cost of retail.

Top 5 S-REITs averaged total return of 8.5% in 2020 YTD

Ascendas REIT leads the pack with a net institutional inflow of $69.1m.

Medical inflation to rise 9.3% in 2020

Singapore’s demand for health care services continues to outstrip supply.

Raffles Medical's profit dropped 15.2% to $60.27m in 2019

Profits were hit by gestation loss for Raffles Hospital Chongqing.

ST Engineering's profit up 16.9% to $577.95m in FY2019

All of its business segments posted increases in net profit.

DBS converts $758m bank guarantee facility into green facility

Wind turbine maker Siemens Gamesa will issue green guarantees under the facility.

CapitaLand to release one-month security deposit for retailers

It aims to help ease tenants’ cash flows amidst COVID-19.

Daily Briefing: Grab reverses plan to cease driver incentives; Kimly acquires food outlets for $55.8m

And Bukit Sembawang Estates sold 64% of units of Luxus Hills Contemporary Collection.

Chart of the Day: Here are the priciest strata office deals in 2019

The most expensive deal is a 29,049 sqft building sold for $2,730 psf.

Daily Markets Briefing: STI down 0.55%

ComfortDelGro saw the sharpest decline amongst top active stocks with a 1.46% contraction.The Straits Times Index ended 17.65 or 0.55% lower at 3,181.03.The top active stocks were DBS, which inched down 0.08%, Singtel, which fell 0.96%, UOB, which slid 0.73%, ComfortDelGro, which dropped 1.46%, and OCBC Bank with a 0.18% slip.The FTSE Mid Cap dipped 0.65% whilst the FTSE Small Cap edged down 0.94%.

StarHub's profits slid 10.9% to $178.6m in 2019

Lower revenues were reported for the Mobile, Pay TV, and broadband lines.

Wilmar International's profits grew 15% to $1.78b in 2019

Growth was driven by higher profits from the Oils and Oilseeds segments.