News

DPU edged up 4.4% YoY to 1.73 cents.

Portfolio weighted average debt term to maturity expected to increase to three years.

Less number of vessels were delivered during the period.

Profit contraction attributed to 70% divestment of interest.

Profits were dragged down by the pandemic’s impact on its China units. Raffles Medical Group’s profits for the first quarter of the decade fell 45.4% YoY to $7.5m from $13.5m in the previous year, dragged down by its China Healthcare Division that was “severely impacted” by the COVID-19 pandemic, the group revealed in a company update.

This is despite the 25% crash in DPU to 1.65 cents.

They are expected to progressively roll out the networks starting 2021.

The allocated $700m for COVID-19 risks prompted an increase in general allowance.

The labour scene was already weakening even before the pandemic struck.

And Singapore launches its first drone delivery service.

AEM led the gains amongst top active stocks with a 8.72% leap.

Pay cuts affecting executives have also been implemented.

Total employment dropped to an all-time low since the SARS outbreak.

Deliveries are charged at a distance-based rate starting at $6.5.

Proceeds will be used for the procurement of specific agri-commodities.

The outpermance is driven by acquisition of Park Tower in Sacramento.