News
Jardine Cycle & Carriage saw profits plunge by 55% to $566m in FY18
Jardine Cycle & Carriage saw profits plunge by 55% to $566m in FY18
Non-current investments impacted the group’s profits.
Horrible bosses? 1 in 3 Singaporeans are not satisfied with work-life balance due to inflexible managers
For 73%, a work-life balance means no work on weekends, whilst for 69%, it meant being able to leave work on time everyday.
Poll: 67% of Singapore and Hong Kong investors plan to invest in Chinese onshore bonds in 2019
Sentiment was driven by the upcoming Bloomberg Barclays Global Aggregate Index inclusion in April 2019.
Olam's FY2018 profits plummeted 40.1% to $347.87b
It had a large exceptional $149.4m gain recorded in 2017 primarily from the sale of its 50% stake in FEA.
Daily Briefing: Singtel, Axiata team up to launch digital wallet in Malaysia; Fintech firm Rely scores undisclosed investment from a Singaporean family office
And healthcare company DocDoc secures investment from Hong Kong’s Cyberport Macro Fund (CMF).
Daily Markets Briefing: STI down 0.36%
Expect muted gains today.
Chart of the Day: Home resales could hit 9,000-10,000 in 2019
Due to the launch of 60 projects this year, buyers could seek new home sales over resales.
SGX derivatives break volume record with China futures
Derivatives' single-day volume hit 2,872,861 lots on 25 February.
UOL profits crashed 51% to $433.72m in FY2018
It was hit by lower development profits, which was offset by higher UOB dividend income.
Business receipts climbed 4.1% in Q4 2018
The infocomm segment’s business receipts led the growth and jumped 7.2%.
Keppel inks deal with Golar LNG for 30% stake in Gimi MS Corporation
Gimi MS will develop, construct and operate an FLNG facility on the Mauritania and Senegal maritime border.
9 in 10 graduates of Singapore's top universities hired within 6 months
The average gross monthly salary of those in full-time permanent employment rose to $3,733 from $3,613 in 2017.
CapitaLand to raise $1b for discretionary real estate debt fund
It will invest in USD-denominated instruments for real estate in China.
Olam buys 85% stake in Indonesia's largest cocoa processor for $121.31m
The acquisition will add 150,000 metric tonnes of cocoa bean processing and capacity.
Manufacturing output contracts for the first time since 2017
It shrank by 3.1% no thanks to declines in electronics and precision engineering.
Singapore loses out to Netherlands as world's most connected country: report
But the Lion City is expected to benefit from initiatives aiming to improve logistics and harmonise regulations. Singapore held its second position after the Netherlands for trade connectivity on the back of its policies that leverage on global connectedness, according to DHL’s latest Global Connectedness Index (GCI). The GCI report, which assessed the globalisation developments across 169 countries and territories since the Brexit referendum in the United Kingdom and the 2016 presidential election in the United States, found that Singapore was also one of the five countries where international flows exceeded expectations. The other countries included Cambodia, Malaysia, Mozambique and Vietnam.
Sheng Siong's FY2018 profits inched up 1.4% to $70.79m
The strong performance was attributed to its 10 new stores.
Commentary
Failed talks, rising costs: Why Singapore still feels the shock of Middle East tensions
How Singapore consumer brands can build strong supply chains amidst rising input costs
Singapore’s AI ambitions will rise or fall on infrastructure
Why a clear digital roadmap is essential for business success
Singapore’s port model is under pressure as shipping disruptions reshape trade
The trust tax: Navigating the ‘sophistication shift’ in Singapore’s digital economy
Conflict, costs, and construction: Where can margins still be saved?
Singapore’s SMEs are embracing AI, cybersecurity must keep up.