News

UOB to launch digital bank in Indonesia

TMRW is on track to be marginal profit positive in five years.

ComfortDelGro tops up rental rebates by $10m

Its cabbies will receive a daily rebate of $16.50 until March, and $10 in April.

OCBC's net profits up 34% to $1.24b in Q4 2019

Core net profit leapt 10% to $4.9b in FY 2019.

OUE profits soared to $255.22m in FY2019

Its profits were boosted by contributions by Gemdale Properties and Investment.

Household income inequality fell to eight-year low in 2019

Median household income rose 1.4% to $9,425 in 2019.

Chart of the Day: District 8 leads shophouse sales in 2019

These shophouses may have been popular to investors given its development potential.

Daily Markets Briefing: STI down 0.47%

YZJ Shipbuilding saw the sharpest decline amongst top active stocks with a 1.97% contraction.

Three in five employees expect raise by year-end

Some employers may try to meet the younger generations’ expectations to retain talent.

Nearly half of businesses to give out 3% raises in 2020

But employees stated that salary hikes and compensation will not make them stay.

OUE Lippo Healthcare reversed to $3.24m profit in 2019

The inclusion of its interest in First REIT boosted the profits from its investees.

CapitaLand offers rental relief to COVID-19-affected retailers

This is on top of the $10m marketing assistance programme to retailers.

SARS playbook may slump currency to 2017 lows

MAS re-centered the policy band lower for the currency amidst the SARS outbreak in 2003.

Sembmarine's loss widened 85% to $137.17m in FY2019

An accelerated depreciation for Tanjong Kling Yard was partly blamed for its loss.

Government support measures will boost CDLHT's NPI

The trust may also benefit from a faster write-down to gain more cash.