News
Daily Briefing: SC Capital Partners to buy Australian asset for $98.9m; OCBC and DBS drop Bank Permata bid
Daily Briefing: SC Capital Partners to buy Australian asset for $98.9m; OCBC and DBS drop Bank Permata bid
And gift card startup Giftano bags $1.15m in seed funding.
Daily Markets Briefing: STI up 0.22%
YZJ Shipbuilding led the gains amongst top active stocks with a 3.1% rise. The Straits Times Index ended 7.01 or 0.22% higher at 3,238.86. The top active stocks were United Engineers, which dipped0.37%, SingTel, which slipped 3.64%, DBS, which grew 0.23%, YZJ Shipbuilding, which expanded 3.1%, and Wilmar International with a 2% rise. The FTSE Mid Cap inched up 0.36% whilst the FTSE Small Cap rose 0.67%.
Chart of the Day: Mainland Chinese made up 18.8% of NPR home buyers in Q3
They bought 10 more units in Q3 compared to the previous quarter.
StarHub wins internet speed race: report
Its internet service is 35-60% faster than its peers, according to IMDA.
Private home sales crashed 26.9% to 928 units in October
The absence of major launches outside CCR dragged down sales volume.
UBS fined $11.2m for deceptive practices by advisors
They did not inform the clients of higher spread or improved interbank price of bonds.
Golden Agri Resources back in the black with $1.09m profit in Q3
But weak prices of commodities continued to drag on earnings.
Massage chair maker V3 in talks with Temasek unit for digital bank license bid
V3 recently created a fintech unit and hired a former CEO of a Temasek unit as adviser.
Singtel sinks into the red with $668.1m loss in Q2
No thanks to its $1.93b pre-tax share from Bharti Airtel's $5.49b provision.
OUE's profits surged to $124.1m in Q3
It received a $90.9m one-off non-cash gain from OUE C-REIT and OUE H-Trust merger.
F&N's full-year profits jump 24.4% to $153.19m
Its dairies segment accounted for most of its revenue.
Sembcorp Industries profits sink 13% to $71m in Q3
Lower revenues from rigs and floaters dragged on turnover growth.
Wilmar International profits rise 10% to $608.4m in Q3
It sold off its discontinued operations in Brazil.
Singapore inks intellectual property deal with Japan
Japanese firms will have access to IPOS International’s patent search and analysis services.
Chart of the Day: Almost half of condo units sold in Q3 priced $1m-$1.5m
This is a result of an increase in the proportion of smaller units being sold.
Daily Markets Briefing: STI down 0.87%
ComfortDelGro saw the sharpest decline amongst top active stocks with a 2.52% fall.
Daily Briefing: Orchard Road is world's 16th priciest retail street; AML startup Silent Eight bags $8.45m in series A funding
And fingerprints and facial immigration clearance will soon greet travellers in Singapore airports by 2025.
Commentary
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Faster hiring alone will not fix construction’s productivity problem
Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’
Transformation without disruption: Your Existing ERP is an accelerant to business innovation
From Singapore to Southeast Asia: Thriving in innovation by knowing when to pause
Section 13O, MAS, and the digital footprint of Singapore Family Offices
Could Singapore lead the world's next management revolution?
RIE2030’s real test: Turning innovation into impact
What Singapore logistics operators often overlook when electrifying fleets