News

Singapore to repatriate $35m of 1MDB funds to Malaysia

The money was surrendered by former Goldman Sachs banker Roger Ng.

Share buybacks plummeted 69.23% to $36m in April

OCBC bought back $25.56m worth of shares. Share buybacks by SGX-listed firms crashed 69.23% YoY to $36m in April from $117m a year ago, according to the local bourse. The transactions in April were one-third lower compared to the $53.5m buyback considerations in March. OCBC led the monthly buyback spree, re-purchasing $25.56m worth of shares. This was followed by Keppel REIT ($2.67m), Hong Fok Corporation ($2.18m), Global Investments ($1.97m), and Stamford Land ($1.11m) that rounded up the top five in April

StarHub's profits fell 14.2% to $54m in Q1

It blamed lower revenues from mobile and Pay TV.

Singapore may soon allow virtual banks: DBS CEO

Gupta, however, believed that they may not pose a significant threat.

Hyflux discloses identity of potential Middle East white knight

Utico is the largest private full service utility and developer in UAE.

DBS enhances customer service touchpoints

It retrained over 500 employees and opened new roles including video biometrics specialists and live chat agents.

Frasers Property's H1 profit jumped 37.2% to $265.99m

Contributions from Frasers Tower and the south wing of Northpoint City boosted earnings.

Great Eastern Holdings' profits soar 124% to $342.7m in Q1

Gross premiums rose 6% thanks mySalam Scheme contributions.

Sembmarine Q1 profit plunges 67.8% to $1.7m

The absence of large scale contracts slashed revenue from offshore platforms to $15m.

Can CapitaLand redeem itself with its China and Vietnam business?

Around 60% of the 7,800 units sold in China for around $2.55b will be recognised in H2.

Banks turn to corporates for loan boost as mortgages weaken

Housing loan limits granted in Q1 fell to its lowest since Q4 2015 around $7.3b.

honestbee co-founder and CEO Joel Sng steps down

The position will be taken over by investor, Brian Koo.