News

Acquisitions in Australia and Europe pushed income up.

This would remove a status enabling European banks to rely on credit ratings.

Income hit a record $3.71b.

It outgrew the residential segment where investments plummeted to $914.2m.

And Singapore-based robo-advisor StashAway bags $16.4m in series B funding.

Singtel fell the most amongst top active stocks with a 4.9% decrease.

Changes to the CPF may have stoked demand for HDB resale flats.

Employment declined in the retail and manufacturing sectors.

However, the prices of retail spaces increased by 0.4%.

The electronics and transport engineering segments led the decline.

Condo prices rose 2% whilst landed property prices fell 0.1%.

It could enter third party deals in Europe and Asia to drive DPU growth.

Rentals of office space also rose 1.3% in the same period.

All properties except Mapletree Anson performed strongly in terms of contributions.

Its aerospace and electronics sector accounted for $809m and $702m, respectively. Engineering firm Singapore Technologies Engineering (ST Engineering), revealed that its aerospace and electronics sectors have secured new contracts with a combined value of about $1.5b for Q2.

Sinking fund contribution for Suntec City Office’s upgrades worth $8m hit earnings.