News
Seatrium and NTU open new lab for marine energy innovation
Seatrium and NTU open new lab for marine energy innovation
The lab will research ammonia use in offshore and marine applications.
Yangzijiang Shipbldg’s H1 net profit soars 77.2% to $571m
Gross profit rose 65.1% to $626m.
President Tharman to co-chair World Bank’ high-level advisory council on jobs
He will lead the council alongside former Chilean President Michelle Bachelet.
New gov’t unit to resolve severe neighbour disputes
It will initially operate for one year in selected HDB estates.
Sembcorp suspends operations at Myanmar Power Plant due to civil unrest
This follows the escalating civil unrest in the region.
HRnetGroup profit falls 22.8% in H1 2024
The group's revenue also decreased by 2.1% on a constant currency basis.
UMS H1 net profit drops 35% to $19.5m
The decline was due to lower sales.
NODX falls 6.4% YoY in Q2 as non-electronics decline
Non-electronic NODX declined 9.2% YoY.
Weaker H2 recovery prompts Singapore to cut NODX growth forecast
The forecast was narrowed to +4.0% to +5.0%
CCCS greenlights Esteel’s partial stake acquisition in HG Metal
The competition watchdog sought public feedback from 13 June until 26 June.
Small firms lag in sustainability governance despite reporting improvements
Only 67% of smaller firms have a designated sustainability board member or committee.
Daily Markets Briefing: STI down 0.8%; Top stock is DFIRG USD
DFIRG USD is the top stock with a 5.68% increase.
Ascott revamps The Unlimited Collection portfolio with new cultural offerings
The Unlimited Collection currently has 11 properties across Asia, Europe, and the Middle East.
SFA lifts Pu Tien Services suspension after ByteDance food poisoning incident
The incident caused 17 hospitalisations.
OCBC, UOB to benefit from US-driven supply chain relocation to ASEAN
Multinationals are likely to hasten their ASEAN expansion.
Singapore banks’ loan growth, fee income steady in Q2
But treasury customer income is lower after their record highs in Q1.
CNMC Goldmine's H1 net profit hits eight-year high with US$4.4m
The increase was due to a rise in gold output in its flagship mine in Malaysia.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape