News
Fintech firm Ayondo reallocates IPO proceeds amidst 9% revenue dip
Fintech firm Ayondo reallocates IPO proceeds amidst 9% revenue dip
It utilised some IPO proceeds for its general working capital.
Wilmar International eyes China IPO
China contributed around 60% to the firm's pre-tax profits.
ThaiBev's Q3 profit plunged 61% to $247.72m
Blame weak performance from the spirit, non-alcoholic and food business.
Daily Markets Briefing: STI down 0.20%
Wall Street's recovery could uplift the local bourse today.
Chart of the Day: 6 in 10 Singapore businessmen see lack of demand as top risk for firms
They also worry about qualified labour and labour costs.
Daily Briefing: Malaysian PM eyes tenfold water price hike for Singapore; Temasek joins US$135m funding for VC firm Openspace
And LTA seized bicycles and personal mobility devices in a move against errant retailers.
Temasek joins US$150m funding for US biotech firm
Orchard Therapeutics will utilise the funding to register and commercialise their clinical programs.
Only 3 in 10 Singapore business travellers feel confident on data safety
They worry the most about using public wifi during travels.
Golden Agri hit by $53.6m Q2 loss amidst weaker palm oil prices
Its oilseeds segment also succumbed to uncertainties caused by the trade wars.
Olam International profit crashed 36.4% to $93.91m in Q2
Weaker performance from the coffee, peanuts and edible oils segment hit earnings.
CapitaLand wins bid for two China residential sites at $409.3m
The sites can yield up to 1,300 homes by 2021.
Startups struggle to crack the sustainability code
Of the 460,000 firms formed in 1998-2017, only 984 were able to successfully exit.
Home sales surged 60.7% to $8.2b in Q2
The largest transaction was Tulip Garden which was collectively sold for $906.9m.
Wilmar International profit ballooned 436.6% to US$316.4m in Q2
It was pushed by the strong performances of oilseeds and grains and tropical oils segments.
Hong Kong is more liveable than Singapore
The Lion City fell to 37th place in the global liveabilty rankings whilst Hong Kong rose to 35th.
Daily Markets Briefing: STI down 1.20%
Wall Street’s weakness could mute gains today.
Chart of the Day: Commercial property sales ballooned 216.8% to $1.4b in Q2
The biggest transaction for the Q2 is the divestment of Twenty Anson for $516m.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform