News

Medtecs International led the gains amongst top active stocks with a 7.77% expansion.

It took up about 7.5% of all layoffs in Singapore.

A stronger performance by the parent company expanded quarterly profits.

The JV will focus on providing airframe MRO services.

It came from its various divestments, including its real estate assets in California.

The former will provide flight tests and development services for system integration. ST Engineering and Norway-based Wilhelmsen Ships Services (WSS) will be developing and testing solutions for Beyond Visual Line of Sight (BVLOS) unmanned shore-to-ship parcels in Singapore, according to a news release. For this venture, ST Engineering will provide flight tests and technology development services for system integration and solution prototyping. Key technologies include precision landing on-board ship vessel’s metallic platform, non line-of-sight datalink and parcel delivery authentication and release system. The project will receive funding as part of the call for proposal by the Civil Authority Aviation of Singapore (CAAS) and the Singapore Ministry of Transport. In 2018, ST Engineering inked a memorandum of understanding (MOU) with CAAS to facilitate the development of BVLOS Unmanned Aircraft Systems (UAS) in the country. In January 2019, DroNet, an end-to-end solution that uses advanced unmanned technologies through a network system to carry out specific tasks or services, was granted the first BVLOS permit for trial operations in Singapore.  

The airshow will push through amidst companies’ withdrawals.

AsiaMalls Management will become a subsidiary of Frasers Property Retail.

But they would still keep traditional banks as their primary bank.

The move came amidst a growing number of firms posting auditing difficulties for 2019 results.

These firms are noted to have material uncertainties from their latest financial statements.

The firm said that they are not expecting further financial impact amidst the legal proceedings.

Internal controls and demands for financial services should be managed.

Online platforms and slower sales dampened retail sales.

All sectors’ retrenchments rose in Q4.

OCBC Bank saw the sharpest decline amongst top active stocks with a 1.9% contraction.