News
Fiscal deficit to hit two decade-high in 2020
The economic effects of the COVID-19 outbreak demanded a much bigger stimulus.
SIAEC forms line maintenance JV with Air Innovation Korea
The company will have an initial registration capital of $5.53m.
ComfortDelGro profits fell 12.6% to $265.1m in 2019
This was due to reduction from existing businesses and the negative impact of foreign currency.
ThaiBev's Q1 profit up 14% to $375.63m
Net profit of its beer business skyrocketed 158.4% YoY.
GDP expanded 0.7% in 2019
The slower growth was partly driven by the manufacturing sector contracting 1.4%.
SIA's profits rose 10.8% to $314.8m in Q3
Its passenger revenue expanded 7% to $239m.
GDP growth forecast revised down to 0.5% for 2020
This falls at the lowest end of the earlier official forecast announced last November.
Total merchandise trade down 3.2% to $1t in 2019
This is blamed on oil trade as it fell 13.9% in 2019 amidst lower oil prices.
Daily Briefing: Budget to include package to ease household costs amidst COVID-19; Binance applies for crypto licence
And 72% of internet users in Singapore are mobile gamers.From Channel News Asia:
Chart of the Day: Check out the priciest shophouse deals in 2019
The most expensive deal has an area of 6,262 sqft and was sold for $8,623 psf.
Daily Markets Briefing: STI remained unchanged
DBS led the gains amongst top active stocks with a 0.51% rise.
Financial advisors greenlight FLT and FCOT merger
FLT’s advisors found the merger to be on normal commercial terms.
NetLink sees growth in non-residential and NBAP spaces
It could find demand for point-to-point connections from data centre clients.
Great Eastern to supplement customers' insurance amidst COVID-19
Those that are hospitalised will receive a cash benefit of $200 per day up to 60 days.
Sembcorp investor sentiment hit by investment losses
Much of the group’s impairments came from the recently-acquired UKPR assets.
Banks to record anaemic loan growth of 1.5% in 2020
The COVID-19 and the expected monetary easing will weigh on banks.
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Commentary
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