News
Singtel's profits crashed 43.5% to $3.10b in FY2019
Singtel's profits crashed 43.5% to $3.10b in FY2019
Its underlying net profit dipped 21% as its Airtel business continued to incur losses.
Sembcorp Industries' profits jumped 21% to $93m in Q1
Its profit from its energy business grew 21% to $85m. Sembcorp Industries started the year on a positive note as profits climbed 21% YoY to $93m in Q1 from $77m in the same period a year ago, thanks to the improved performance from its energy business.
ST Engineering's Q1 profits grew 11% to $131.1m
Its aerospace sector recorded a 6% profit increase to $62.7m.
honestbee to hit the brakes on food delivery services on 20 May
About 400 delivery partners will be affected.
City Developments profits surged 133.8% to $199.56m in Q1
The $144.3m pre-tax gain from the Manulife Centre divestment pushed up earnings.
Daily Markets Briefing: STI down 0.33%
Investment sentiment will likely remain cautious.
Chart of the Day: Rental transaction volume up 4.9% to 21,426 in Q1
There were less vacant flats in Q1, pushing up occupancy rates to a five-year high.
Daily Briefing: Temasek and UOB invest US$200m in venture debt firm InnoVen Capital; Blockchain monitoring startup Merkle Science raises $1.1m in seed funding round
And investment holding company UMS to acquire shares in JEP for $6.58m.
Temasek joins Impossible Foods' US$300m Series E funding round
The startup’s sales in Asia, including Singapore, have risen more than three-fold since March 2019.
$4.1b of arrears owed to small businesses in 2018
Almost a fifth remain unpaid in 2019.
CapitaLand unveils rooftop garden design for 39-storey One Pearl Bank towers
About 18 gardens with 200 plots in total will be arrayed vertically at one edge of each tower.
Previews of freehold mixed-use development Parc Komo to open on 18 May
It has 10 blocks of five-storey apartments with 28 commercial units.
Edtech startup Cialfo bags $4.1m in series A funding
The funds will be used to support its US expansion.
Condo resale prices rose 3.6% in April
Prices in the OCR grew 4.5% YoY.
SGX RegCo orders Best World's major customer to submit documents on sales and finances
The firm’s independent reviewer will now solely report to the self-regulatory organisation.
Golden Agri Resources profits climbed 53.5% to $25.07m in Q1
It was bolstered by improved performance from its palm, laurics, and other segments.
Olam's profits grew 6.9% to $168.88m in Q1
The higher contributions from edible nuts and cocoa boosted earnings.
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