News
Singtel Q1 profits crashed 35% to $541.1m
Singtel Q1 profits crashed 35% to $541.1m
Higher network costs, depreciation and finance charges dragged on Airtel’s operations.
Fraser & Neave Q3 profits up 9% to $54.83m
Revenue from its dairies business grew 5.5% thanks to growth in its Thailand unit.
GIC divests stake in $1.67b Sydney office
GIC was looking to divest its 50% stake in the tower since September 2018.
Top three healthcare firms averaged total return at 31.2% in January-July 2019
These three firms’ average dividend yield came at 3.3% over the same period.
Daily Briefing: Fintech startup Helicap buys Arcor Capital; Cash over credit sought by white collars
And Singapore’s Hello Health Group acquires two Vietnamese online information platforms.
Chart of the Day: New CPF loan rules boost demand for older flats in May-June
The market share of flats older than 30 years rose 40.6% in the same period.
Daily Markets Briefing: STI up 0.45%
UOB led the gains amongst top active stocks with a 1.05% increase.
Tech upstarts woo locals as retail banking customer satisfaction falls
65% are interested in opening digital bank accounts, up from 52% in the previous year.
Charting the rise of wine investment in APAC
Investing in fine wine can help in hedging inflation risk.
HSBC Singapore rolls out mortgage for Australian homes
It will initially be available to properties in Sydney, Melbourne, Brisbane, Perth, and Adelaide.
StarHub profits down 36.1% to $39.5m in Q2
Lower revenues from mobile, pay TV, broadband, and equipment sales hit earnings.
Singapore hit by farm-to-market food losses worth $2.54b
393,000 tonnes of food loss occurs during upstream and midstream from imported foods and local farms.
SGX and India's NSE receive greenlight to set up joint financial center
The NSE IFSC-SGX Connect aims to launch before end-2020.
New business premiums in life insurance down 2% to $1.97b in H1
The decline in single premium policies dragged half-year figures.
CapitaLand profits down 5.3% to $875.4m in H1
Home sales in its core markets of Singapore and China declined.
Malaysia International Business Awards is now open for nominations
Deadline for submission of entries is on 31 October.
Chart of the Day: Life insurance industry workforce hits 8,282 in H1
The number of tied representatives also fell to 15,117.
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