News
Time to embrace sustainability in the fashion industry
Greenhouse gas emissions from the apparel industry is expected to increase to 49% in the next decade.
DBS to adopt risk management framework The Equator Principles
This will allow it to test its funded projects according to environmental and social standards.
Frasers Property profits fall 25% to $569m in FY2019 over Australia woes
The company’s Singapore and Australian projects reported lower contributions.
NODX decline widens to 12.3% in October
Total trade and exports have dropped.
Deliveroo to offer reimbursements to e-scooter riders for new vehicles
Riders will get up to $600 for a new bicycle and up to $1,000 for a PAB or PMD.
Tiong Seng secures $125m green loan from OCBC, DBS
It will be used to build green buildings and generate renewable energy.
Daily Briefing: SC Capital Partners to buy Australian asset for $98.9m; OCBC and DBS drop Bank Permata bid
And gift card startup Giftano bags $1.15m in seed funding.
Daily Markets Briefing: STI up 0.22%
YZJ Shipbuilding led the gains amongst top active stocks with a 3.1% rise. The Straits Times Index ended 7.01 or 0.22% higher at 3,238.86. The top active stocks were United Engineers, which dipped0.37%, SingTel, which slipped 3.64%, DBS, which grew 0.23%, YZJ Shipbuilding, which expanded 3.1%, and Wilmar International with a 2% rise. The FTSE Mid Cap inched up 0.36% whilst the FTSE Small Cap rose 0.67%.
Chart of the Day: Mainland Chinese made up 18.8% of NPR home buyers in Q3
They bought 10 more units in Q3 compared to the previous quarter.
StarHub wins internet speed race: report
Its internet service is 35-60% faster than its peers, according to IMDA.
Private home sales crashed 26.9% to 928 units in October
The absence of major launches outside CCR dragged down sales volume.
UBS fined $11.2m for deceptive practices by advisors
They did not inform the clients of higher spread or improved interbank price of bonds.
Golden Agri Resources back in the black with $1.09m profit in Q3
But weak prices of commodities continued to drag on earnings.
Massage chair maker V3 in talks with Temasek unit for digital bank license bid
V3 recently created a fintech unit and hired a former CEO of a Temasek unit as adviser.
Singtel sinks into the red with $668.1m loss in Q2
No thanks to its $1.93b pre-tax share from Bharti Airtel's $5.49b provision.
OUE's profits surged to $124.1m in Q3
It received a $90.9m one-off non-cash gain from OUE C-REIT and OUE H-Trust merger.
Commentary
Liquidity crucial to stock market reform
From ownership to access: Unlocking vehicle productivity in Singapore
Why Singapore schools need AI policies now: A chemistry teacher’s warning