News
Singtel's India unit gets go-ahead for merger
Singtel's India unit gets go-ahead for merger
Its board of directors also extended its long stop date to 24 April.
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 Briefing: Lawyer involved in AlliedTech's missing $33m gets 12 more charges; The M sold 70% of units over weekend launch
And brand-conscious investment bankers are aiming for big banks’ back-office roles.
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.
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