News

The pandemic may have negated the positive growth in the recent months.

Singtel led the gains amongst top active stocks with a 4.96% growth.

And agrifood tech firm DiMuto raises undisclosed funds from venture capital studio Latin Leap.

The group will provide care packages to support consumers and SMEs.

The $80m move will push the business into the red for the fiscal year.

FCOT will be delisted on 29 April.

Voluntary employee donations will fund its partner relief initiatives.

This hopes to avoid permanent store closures as the pandemic hit stores’ sales.

Singtel saw the sharpest decline amongst top active stocks with a 5.84% fall.

This reflected a fall in the share of condos snagged by Chinese buyers in the city.

And Switzerland-based software firm Netcetera opened its first office in Singapore.

Underlying Fund focused on impact investing and stable income for investors.

SPH Reit grants rebate to businesses to reduce the impact of COVID-19. Singapore Press Holdings (SPH) board members will take a voluntary 10% reduction in directors' fees, whilst the salary of those in senior management will be cut by 5% starting April, according to an announcement on Thursday. SPH is the sponsor of SPH Real Estate Investment Trust (SPH Reit), which has also introduced pay cuts for its CEO and senior staff. In addition, SPH Reit will fully pass on its property tax rebate to its tenants to reduce the impact of Covid-19 on businesses, aiming to finalise the details of the enhanced tenants rebate scheme by April. This comes after Deputy Prime Minister Heng Swee Keat’s announcement that qualifying commercial properties will not pay property tax in 2020, whilst businesses in other non-residential properties will get a rebate of 30%. SPH Reit is also considering granting further rental rebates to retail and food and beverage businesses at malls. This is due to stricter measures that have been rolled out to minimise further spread of the novel coronavirus such as the closure of bars and entertainment venues till 30 April.  

Hotel rooms remain half-filled resulting in a 40% decline in revenue.

Its portfolio includes a firm working on a vaccine against COVID-19.

Final deficit figure likely to fall at 7.2%.