News
Can the utilities segment boost Sembcorp from earnings rut?
Can the utilities segment boost Sembcorp from earnings rut?
Its India operations reversed from a $58m loss in FY17 to a profit of $47m in 2018.
Daily Briefing: Japanese internet giant Recruit Holdings launches $33.75m fund for blockchain startups in Singapore; P2P lending platform Validus Capital clinches $20.52m in Series B funding round
And Changi's Prison Complex explores using facial recognition technology.
Chart of the Day: Foreign workers make up a fifth of the services sector
The tighter manpower rules will hit consumer and healthcare bottomlines by less than 4% by FY20.
Daily Markets Briefing: STI down 0.24%
Expect some reprieve today.
CDL's unsold inventory hits 449 units worth $4.4b in 2018
The Jovell, launched in September 2018, sold only 14% of its 428 units as of 17 February.
Hotel RevPAR up 2.4% to $188.57 in 2018
It was driven by growth in market occupancy and ADR.
UOB's profits up 18% to $4.01b in 2018
Total income for their Retail, Wholesale Banking and Global Markets also rose.
Singapore's fintech investments reach record $468.78m in 2018: KPMG
Blockchain, insurtech and asset management are key priorities.
OCBC profit up 11% to $4.49b in FY18
Net interest income rose 9% to $5.81b.
Genting Singapore FY18 profits jumped 10% to $755.39m
Its average daily visitation reached over 21,000 in Q4.
Daily Markets Briefing: STI down 0.01%
Expect muted gains today.
Daily Briefing: Malaysian foreign minister says port limits issue quicker to fix than water concerns; 199 unlicensed PMDs impounded by LTA
And here’s why Sentosa is a better Bali according to CDL’s executive chairman.
Chart of the Day: Top transport stocks hit 9.7% in YTD total returns
The benchmark STI only hit 6.4% YTD.
Hotel investment deals hit three-year high at $518.7m in 2018
Investors are embracing hotel assets as the residential segment loses luster.
Domestic wholesale trade climbed 16.9% in Q4
Wholesale trade of petroleum products surged 43.2%.
ST Engineering's FY18 profits down 1.7% to $494.24m
It blamed the 39% drop in earnings from its land systems sector.
Keppel O&M unit to buy rig from Mexican driller for US$179m via sale and leaseback
Keppel has previously delivered ten such rigs to Mexico.
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Commentary
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