News
Singapore banks’ lacklustre results reveal glaring weakness in asset quality: Moody’s
Non-performing loans are at a disappointing uptrend.
First Resources poised to report dried up earnings as El Niño drags on: analysts
Yield recovery will have to wait, analysts say.
Chart of the day: Check out how rising labour costs are clipping productivity growth
Limiting entry of foreign workers is taking a toll.
Swiber drops liquidation plans after talks with major financial creditor
It will be placed under judicial management instead.
Daily Markets Briefing: STI down 1.71%
Expect more gains today.
Daily Briefing: Plunging oil prices sink Singapore’s banks; Swiber drops liquidation plans
And reclaimed city off Singapore triggers ecology fears.
CDL Hospitality Trusts’ income drops by 0.9% to $31.3m
On back of soft trading in its Singapore market.
Singapore manufacturers expect negative business conditions in H2
Overall, firms also expect to hire fewer workers.
SIA rolls out aggressive capacity injection as competition heats up
Passenger yields have been on a tailspin.
Soft global economy to deluge UOB with nonperforming loans in H2
While net interest margin remains narrow.
China Aviation Oil’s H1 profits soar 48.6% to about $64.56m
Thanks to higher trading volumes, raised JV contributions.
SIA Engineering’s net profit falls flat at $41.7m
It was dragged down by mounting operating losses.
Singapore Airlines’ net profit soars by 182.4% to $257m
On back of cheaper jet fuel.
Swiber’s wind up to slam DBS’ FY16 profits
The bank declared a whopping $700m exposure.
Swiber stuns O&M and banking giants with wind-up decision
A hearing will commence on 19 August.
Sembcorp Marine’s net profit sinks by 89.5% to $11.5m
It was dragged by $35m in forex losses.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform