News
Singapore Airlines posts $212 million loss for the full year
Singapore Airlines posts $212 million loss for the full year
The shutdown of international travel, and a fuel price hedging gamble, have put the pressure on Singapore's national carrier.
Analysts warn Sembcorp privatisation may be off the table
DBS says a yard merger via share swap or asset injection into SMM is more likely.
Property investments down 78% YoY to $613.79m in Q1: study
The number of deals crashed 32% during the quarter.
Daily Briefing: Johor government to establish investment firm in Singapore; Travecta Therapeutics bags $21.32m in series A funding
And FoodRazor snags $1.28m seed funding.
Daily Markets Briefing: STI down 1.93%
SIA saw the sharpest decline amongst top active stocks with a 4.75% contraction.
What do Singaporeans look for in a brand?
Not taking advantage of a crisis was regarded as the top attribute.
Olam's PATMI grew 6.1% to $179.1m in Q1
It was thanks to gains from selling their stake in Far East Agri.
POSB opens 41,000 accounts for migrant workers
This follows the advisory from the Manpower Ministry to pay salaries electronically.
Golden Agri-Resources sinks to $135m net loss in Q1
Its earnings shrank following the new crude palm oil export tax and levy.
Sasseur REIT's rent income down 17.1% to $25.46m
Combined sales of its outlet mall in China dropped 55.7%.
Over 280,000 tonnes of gasoline stored on Singapore, Malaysia waters
This is on top of 1.96 million barrels of jet fuel now on water.
Genting's EBITDA plunged 55% to $146.89m in Q1
Its flagship property Resorts World Sentosa took a severe hit from the pandemic.
Deeptech startup Dathena raises $12m in series A round
The funding will be used to boost R&D efforts and hiring of NYC-based staff.
Oil falls 2% despite surprise US stock drawdown
Crude had rallied on optimism that slumping fuel demand would recover.
Singaporeans satisfied with government response against COVID-19
Transparency with accurate information for the public worked well in curbing the pandemic.
Daily Briefing: IMDA investigates M1 fibre broadband disruption; CXA raises funding round from Humanica, HSBC Life
And Flow Technologies raised $6m in series A round.
Chart of the Day: Multi-user factory deals dropped 37.6% in Q1
This comes on the back of manufacturing firms halting expansions.
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