News
Genting Singapore’s Q3 net profit nosedives to $79.4m in Q3
Genting Singapore’s Q3 net profit nosedives to $79.4m in Q3
The company attributed the decline to lower VIP rolling volume and win rate.
Paragon REIT’s gross revenue climbs 3% despite tenant sales dip
Tenant sales in Singapore fell 3% YoY.
Far East Orchard’s profit more than doubles in 9M FY24 to $16.9m
The company attributed its feat to its strong operating performance in H1.
DHLT’s NPI rises 2.8% YoY to JPY3.7b in 9M FY24 on portfolio strength
Despite higher NPI, DLHT reported a 5.5% YoY lower distributable income.
SATS swings back to black in H1 FY25 with $134.7m profit
In H1 FY 2024, it reported a $7.8m loss.
United Hampshire US REIT's NPI slips 3.4% YoY as tenant transitions continue
NPI for the period was US$37.4m.
Singapore to upskill 300 professionals to support carbon services and trading sector growth
This aims to train and upskill 300 professionals by 2027 to support the growth of Singapore’s carbon services and trading sector.
Fu Yu narrows loss to $1.9m as demand boosts revenue
In 9M23, it reported a $5.8m loss.
NETS expands SGQR+ scheme with 24,000 new acceptance points islandwide
The SGQR QR label will be distributed within the retail and F&B sectors.
EMA, PetroChina to boost Singapore’s LNG expertise
They will also look into opportunities in developing SG as an Asian LNG hub.
AstraZeneca’s new cancer drug manufacturing facility to create 800 jobs in Singapore
The facility is set to be operational by 2029.
Concorde Hotel & Shopping Mall sells for $821m
The property was sold to Luxury Peak Pte Ltd.
Changi Airport to hike fees to fund $3b upgrades
The hike in fees will be implemented progressively between 2025 to 2030.
Retail sales drop in Q3, overseas spending to amplify decline: Savills
High prices in Singapore and strong SGD may prompt consumers to spend overseas.
Daily Markets Briefing: STI up 0.2%; Top stock is DBS
DBS is the top stock with a 6.51% increase.
Singapore office rents rise 0.3% QoQ in Q3
Vacancy levels remained low amidst limited supply.
SeaMoney and MSIG Singapore launch new travel insurance for SG-based travellers
The insurance also covers group travel.
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Commentary
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