News
CDL's unsold inventory hits 449 units worth $4.4b in 2018
CDL's unsold inventory hits 449 units worth $4.4b in 2018
The Jovell, launched in September 2018, sold only 14% of its 428 units as of 17 February.
Hotel RevPAR up 2.4% to $188.57 in 2018
It was driven by growth in market occupancy and ADR.
UOB's profits up 18% to $4.01b in 2018
Total income for their Retail, Wholesale Banking and Global Markets also rose.
Singapore's fintech investments reach record $468.78m in 2018: KPMG
Blockchain, insurtech and asset management are key priorities.
OCBC profit up 11% to $4.49b in FY18
Net interest income rose 9% to $5.81b.
Genting Singapore FY18 profits jumped 10% to $755.39m
Its average daily visitation reached over 21,000 in Q4.
Daily Markets Briefing: STI down 0.01%
Expect muted gains today.
Daily Briefing: Malaysian foreign minister says port limits issue quicker to fix than water concerns; 199 unlicensed PMDs impounded by LTA
And here’s why Sentosa is a better Bali according to CDL’s executive chairman.
Chart of the Day: Top transport stocks hit 9.7% in YTD total returns
The benchmark STI only hit 6.4% YTD.
Hotel investment deals hit three-year high at $518.7m in 2018
Investors are embracing hotel assets as the residential segment loses luster.
Domestic wholesale trade climbed 16.9% in Q4
Wholesale trade of petroleum products surged 43.2%.
ST Engineering's FY18 profits down 1.7% to $494.24m
It blamed the 39% drop in earnings from its land systems sector.
Keppel O&M unit to buy rig from Mexican driller for US$179m via sale and leaseback
Keppel has previously delivered ten such rigs to Mexico.
CDL's profits edged up 6.7% to $557.33m in 2018
The strong-performing residential segment offset a massive decline in its hospitality business.
Daily Markets Briefing: STI up 0.57%
Expect muted gains today.
Chart of the Day: Average gross rents for prime retail space in Orchard Road edged up 1.5% to $37.80 psf in 2018
This was generally supported by healthy occupancy rates of above 94%.
Daily Briefing: MINDEF to hire 300 cybersecurity experts; Grab unveils pet transport services
And 7 in 10 reported e-commerce scams in 2018 transacted in Carousell.
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SG60: What the next 10 years have in store for Singapore’s investment landscape