News
IHH subsidiary sues Japanese pharma company over Fortis Malar deal
IHH subsidiary sues Japanese pharma company over Fortis Malar deal
The IHH unit is seeking to claim damages of JPY20b from the Japanese company.
LHN Limited warns of lower profits for FY23
The company expects a net profit before tax of $40m.
ComfortDelGro’s net profit soars 54.5% YoY to $49.9m in 3Q23
Quarter-on-quarter, net profit rose by 9.2%.
Singapore Airlines, Scoot to replace 5% of total fuel requirements with SAF by 2030
The airline group is already in discussion with fuel suppliers.
Daily Markets Briefing: STI fell 0.07%; Genting Singapore is most active stock
Genting Singapore traded 10.59% up.
Industrial rental growth in 2024 to be confined to the logistics sector: expert
In 3Q23, rent for warehouse and logistics properties rose by 0.6% QoQ to S$1.62 per sq ft.
SG’s deal volume drops 21.3% YoY in January-October 2023 period
The decline in deals was also observed across multiple APAC markets.
FinTech industry poised for huge change thanks to AI: MAS
The festival will address both the promises and pitfalls of AI in the financial industry.
UNDP, MAS and partners launch financing initiative for MSMEs
The initiative proposes a framework assessing MSMEs' financing worthiness.
Klook, STB invest over $2m to promote Singapore tourism
They will roll out a new marketing campaign on 15 November.
Going global: 9 in 10 Singaporeans prefer to work for international companies
Three factors are fuelling Singaporeans’ drive to join global corporations.
Singapore ranks 10th in global ranking of top unicorn-producing countries
In Asia, Singapore ranks third.
Optus software upgrade causes major network outage
The outage lasted for 12 hours.
Frasers Property’s attributable profit nosedives to $173.1m in FY23
In FY22, the company recorded an attributable profit of $928.3m.
Cromwell EREIT’s net property income dips 1.1% YoY to $146.7m in 9M23
The REIT attributed the decline to the absence of income from office projects under redevelopment.
PM Lee to visit the US for APEC summit
During his visit, Lee will also launch Enterprise Singapore’s San Francisco Overseas Centre.
Daily Markets Briefing: STI declines 0.91%; Emperador is highest stock
Emperador closed trading at 2.00%.
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