News
Olam International's profit sinks 34.5% to $61.49m in Q2
Olam International's profit sinks 34.5% to $61.49m in Q2
It blamed higher depreciation and amortisation, and finance costs.
Daily Markets Briefing: STI down 0.7%
SGX led the gains amongst top active stock with a 1.22% increase.
Chart of the Day: Demand for data centres to hit 56.5MW by 2022
Utilisation rates are tipped to hit 87% in three years time.
Daily Briefing: Retail landlords may lower rents for higher occupancy; Sunpower Group buys Changshu Suyuan for $47.35m
And Temasek unit invests in e-games chairs maker Secretlab.
Braddell View owners revive en bloc bid for $2.08b
It was earlier put up for sale on 27 March.
4 in 5 employees want digital skill investment from employers
About half expect their jobs to be automated in the next decade.
Sheng Siong recovery looms as same store sales rebound
Same-store sales are expected to bounce back 0.5% after a 0.6% decline in H1.
Mobike to transfer bike share license to SG Bike
Once approved, 25,000 bikes will be added to SG Bike’s fleet and make it the city’s largest operator.
NODX down 14.6% in Q2
NODX is expected to fall by up to 9% by end-2019.
Chart of the Day: Property investment sales soared 49.2% to $7.26b in Q2
Sales of offices generated $3.84b, up by 270.8%.
Daily Briefing: MAS strengthens scrutiny of shell accounts; Healthcare startups on average raise $13.7m per round
And Singapore is expected to ban domestic elephant ivory trade in 2021.
Singtel, DBS and CapitaLand top Singapore Governance and Transparency Index in 2019
Amongst REITs and business trusts, CapitaLand Commercial Trust dethroned CapitaLand Mall Trust.
Four largest hospitality REITs average NPI fell 2% in Q2
Declining income from Frasers Hospitality Trust and OUE H-Trust weighed on headline figures.
CapitaLand announces US$3.4b of divestments in deleveraging bid
It aims to bring net gearing from 0.73x to 064x by end-2020.
Daily Briefing: No profit in Hong Kong instability, says Singapore Minister; Digital marketing agency Hashmeta buys ShopperBoard
And landed homes are great for wealth preservation due to limited stock.
Daily Markets Briefing: STI down 0.49%
YZJ Shipbuilding led the decline with a 20% crash.
Chart of the Day: Monthly rents for CBD Grade A offices hit $10.08psf in Q2
Rents may continue to rise as supply remains limited.
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