News
Singapore fintechs took up 51% of funding in ASEAN as of Q3
Singapore fintechs took up 51% of funding in ASEAN as of Q3
Singapore Life’s $150.39m funding was amongst the year’s notable deals.
Yanlord profit plummeted 94% to $11.41m in Q3
Lower GFA delivery dragged it down.
The Arcade in Raffles Place to be tendered for $780m
The property’s management team says the building needs a revamp.
SATS profit down 7.6% $60.7m in Q2
Operating profit slid 1.5% no thanks to lower contributions from its food solutions business..
OUE C-REIT's NPI up 54.8% to $50.1m in Q3
This was mainly due to contribution from the OUE Downtown office.
How luxury brands are turning old inventory into opportunity whilst staying environmentally sustainable
OnTheList ties up with brands like Jimmy Choo and Armani for weekly, members-only flash sales.
City Developments profits down 33.7% to $114.96m in Q3
The property development segment generated lower gross profits.
MAS launches framework to promote AI and data analytics adoption
It will enable financial institutions to evaluate their AIDA-driven solutions against FEAT principles.
ComfortDelGro's profits down 10.8% to $70m in Q3
This was due to higher losses in the rail business and competition in the taxi business.
Temasek prices 12-year and 30-year euro bonds at 0.5% and 1.25%
Both issuances were oversubscribed.
Cromwell EREIT's Q3 NPI jumped 32.3% to $42.69m
Net income from office assets surged 76.6% to $23.26m.
UOL profits down 7% to $80.05m in Q3
This was due to lower profit from the group’s properties.
Chart of the Day: Check out the notable new store openings in Singapore in Q3
There were several notable F&B store openings amidst retail sales rising 2.2% in September.
Daily Briefing: EDBI invests in US fintech firm Pico; Advanced MedTech co-leads $13.6m SonoMotion funding
And travel search engine Wego is teaming with the Macau government to lure in tourists.
Daily Markets Briefing: STI down 0.87%
Singtel saw the sharpest decline amongst top active stocks with a 1.79% fall.
Singapore's big three banks averaged total return of 12% YTD
DBS, OCBC and UOB have averaged an 8% YTD growth in net profit to a combined $11.85b.
IMDA to offer 5G capabilities consultancy with Microsoft
They will create an environment for co-creating 5G use cases.
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