News
Business sentiment amongst Singapore property players improves in Q2
The current sentiment index rose to 4.8.
NTUC to form new Platform Work Associations for enhanced worker support
It will form the associations once Parliament passes the Platform Workers Bill.
Aspen Group net profit stands at $11.5m in FY2024
However, their revenue decreased by 9% YoY.
SEEDS Capital seeks partners for co-investment in Singapore deep tech
It will set aside $150m to promote the co-investments.
Tan Chong posts HK$35.9m loss in H1 2024 as automotive sales drop sharply
It reversed its HK$126.9m net profit in H1 2023.
GuocoLand profit drops 38% to $129m in FY2024 amidst higher costs
It also reported lower basic earnings per share.
Cordlife to resume cord blood banking in 'controlled manner'
It can only collect 30 units per month of new cord blood.
ESR-LOGOS sells 81 Tuas Bay Drive for $35m, gains 16.7% above valuation
It expects to complete the divestment in Q4 2024.
Trust Bank set to be Singapore’s 4th largest retail bank by end-2024
It now has over 800,000 customers in the Lion City.
Singapore amongst top APAC countries for nearshore supply chain occupiers
It ranked 2nd in APAC, following Japan.
EDB to inject $32m to expand venture programme for startup collaboration
The programme boosts partnerships between Singapore-based companies and startups.
Civmec net profit up 11.6% YoY in FY 2024
Revenue for the period also increased to $912.8m.
SMI Vantage faces delisting by SGX-ST
The company’s securities will be suspended on 2 September.
Peach Aviation launches SG-Osaka flight route
This is the group's second medium-haul international route.
CHART OF THE DAY: Singapore prime rents decline 4.8% YoY in Q2
It is one of the three markets that reported a decline.
Daily Markets Briefing: STI up 0.6%; Top stock is Singtel
Singtel is the top stock with a 3.07% increase.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape